Current:Home > FinanceHere's what you need to know to prep for Thanksgiving -Excel Wealth Summit
Here's what you need to know to prep for Thanksgiving
Poinbank Exchange View
Date:2025-04-10 16:12:06
Friends and family are expected to gather for the largest Thanksgiving Day meals since the COVID-19 pandemic, according to the latest Butterball Togetherness Report.
In its annual survey, respondents said they expected to have an average of nine people over for Thanksgiving, up from seven people last year and the highest since 2020, when the average was five people.
"The good news is we're seeing bigger groups getting back together after post-COVID, and hopefully we won't have to say post-COVID, but we can just say 'This is the way things are,'" Butterball CEO Jay Jandrain told USA TODAY. "There is a lot of excitement to get back together."
Eighty-seven percent of those surveyed said they would serve turkey.
The largest number of people, 74%, intend to roast their turkey in the oven, while 8% said they'll use a smoker, 5% an electric roaster, 3% will use a deep fryer, and 2% will grill the turkey. One percent will air-fry the turkey, and 7% said they'll use an "other" method to cook their bird, according to the survey.
Supply for turkeys of all sizes is good
The size of the turkey on Thanksgiving will vary based on the size of the gathering, but Jandrain said Butterball has good supply.
"Across, the board, regardless of the size, supply is strong for smaller turkeys and supply is strong for bigger turkeys," he said.
There's a wide range of sizes of turkeys, but typically they are 12 to 16 pounds and 16 to 22 pounds, he said.
"One of the things we're also seeing a lot of consumers doing is they may buy a whole turkey and they may buy a bone-in-breast or a boneless breast" if there is a bigger gathering.
Inflation, costs are on people's minds
Ninety-eight percent of consumers surveyed expect inflation to affect their Thanksgiving plans, up from 79% last year.
More than half, or 53%, of those celebrating Thanksgiving said they expect inflation to affect their celebration in the same way as last year, while 44% said they expect inflation to take a bigger bite than last year.
Even so, 52% of people surveyed said they don't plan to make any changes to their Thanksgiving celebrations to save money. Of those who do, 18% plan to save on non-food items like paper goods or decor, and 17% plan to save on side dishes.
Jandrain said that while Butterball does not set its retail prices, many retailers are offering significant savings and deals to help bring the costs of Thanksgiving down for consumers.
U.S. food prices are expected to continue to decelerate in 2024 compared with recent years, according to the Economic Research Service, part of the U.S. Department of Agriculture, on its website.
The findings were part of the agency’s Food Price Outlook for 2024 and 2025, which measures economy-wide inflation.
According to the latest update in October, prices for all food are predicted to increase 2.3% in 2024, with food-at-home prices predicted to increase 1.2% and food-away-from-home prices going up by 4.1%.
Wholesale poultry prices rose by 9.1% in September and prices were 6.3% higher in September of this year compared with last year. Wholesale poultry prices are predicted to rise 3.3% in 2024.
Thanksgiving specials from retailers
Several retailers have launched their special pricing for Thanksgiving meals in recent weeks.
Walmart's "inflation-free Thanksgiving Meal" for $53 averages $7 a person. Sam's Club said its Thanksgiving meal can feed up to 10 people for less than $100.
Target said its meal for four people for $20 is $5 cheaper than last year. Aldi's $47 Thanksgiving meal can feed 10 people and is the lowest price in five years, the grocer said. Dollar General is offering buy two, get one free items as part of its Thanksgiving specials.
What is the Butterball Turkey Talk-Line?
For 43 years, Butterball has operated its Butterball Turkey Talk-Line, with experts on hand via phone to help consumers with their turkey prep questions. Call 1-800-BUTTERBALL or text 844-877-3456 or use the company's social media to chat with experts.
The hotline, which opened on Nov. 1, runs through Dec. 24, has various hours and will be open later as Thanksgiving approaches.
What questions do people call the Turkey Talk-Line about?
The biggest question posed to the agents of the Turkey Talk-Line is about thawing a turkey, Jandrain said.
Some of the oddest queries?
"They're putting their turkey in the shower overnight in hot water because they forgot to do it the week before. We've got folks who have cut their turkeys with a chain saw, and can they eat it after that? (We recommend no, go get another turkey)," Jandrain said.
Thanksgiving Day:What restaurants are open, closed on Thanksgiving? Details on Starbucks, Cracker Barrel, more
"Most of it has to do with thawing,'' he said. "It's interesting to see how challenging that aspect of it is." By the way, the best way to thaw a turkey, Jandrain said, is to put it in your refrigerator a week before.
Butterball also has a new product this year, which will be in limited supply, called Cook to Frozen, which is a turkey that has been brined in a special way that allows it to be cooked without thawing first, Jandrain said.
Betty Lin-Fisher is a consumer reporter for USA TODAY. Reach her at blinfisher@USATODAY.com or follow her on X, Facebook or Instagram @blinfisher. Sign up for our free The Daily Money newsletter, which will include consumer news on Fridays, here.
veryGood! (4841)
Related
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Horoscopes Today, June 9, 2024
- Adam Scott appears in teaser for new season of Apple TV's 'Severance': 'Welcome back'
- More than 10,000 Southern Baptists gather for meeting that could bar churches with women pastors
- B.A. Parker is learning the banjo
- Mexico councilwoman who backed Claudia Sheinbaum's party shot dead outside her home
- A growing Filipino diaspora means plenty of celebration worldwide for Philippine Independence Day
- Minneapolis police officer killed while responding to a shooting call is remembered as a hero
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Another Blowout Adds to Mystery of Permian Basin Water Pressure
Ranking
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Prison inmate accused of selling ghost guns through site visited by Buffalo supermarket shooter
- Minneapolis police officer killed while responding to a shooting call is remembered as a hero
- Orson Merrick: Gann's Forty-Five Years on Wall Street 12 Rules for Trading Stocks
- A South Texas lawmaker’s 15
- How schools' long summer breaks started, why some want the vacation cut short
- Here's why Dan Hurley going to the Lakers never really made sense
- Key new features coming to Apple’s iOS18 this fall
Recommendation
At site of suspected mass killings, Syrians recall horrors, hope for answers
Panthers now 2 wins from the Stanley Cup, top Oilers 4-1 for 2-0 lead in title series
Uvalde mass shooting survivors, victims' families sue UPS and FedEx
Mexican singer Ángela Aguilar confirms relationship with Christian Nodal amid his recent breakup
The Daily Money: Spending more on holiday travel?
Orson Merrick: Gann's Forty-Five Years on Wall Street 12 Rules for Trading Stocks
Supreme Court seeks Biden administration's views in major climate change lawsuits
Sheriff credits podcast after 1975 cold case victim, formerly known as Mr. X, is identified