Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   
   
   

Agricultural News


July 4th Cookout Cost Stable Compared to Year Ago

Tue, 29 Jun 2021 13:45:32 CDT

July 4th Cookout Cost Stable Compared to Year Ago U.S. consumers will pay just a few cents less for their favorite Independence Day cookout foods compared to last year, including cheeseburgers, pork chops, chicken breasts, homemade potato salad, strawberries and ice cream, says the American Farm Bureau Federation.

Farm Bureau analysis reveals the average cost of a summer cookout for 10 people remains affordable at $59.50, or less than $6 per person. The cost for the cookout is down 16 cents (less than 1%) from last year, but 8% higher compared to 2019.

The largest year-to-year price increase was for strawberries. Survey results showed 2 pints of strawberries at $5.30, up 22% from last year, due to strong demand and the effects of several weather events including severe rain, hail and high winds that caused significant setbacks to the harvest early in 2021.

Retail price changes for products in the meat case are a bit more nuanced, according to AFBF Economist Veronica Nigh.

“Beef and pork processing plant disruptions that occurred in 2020 due to the COVID-19 pandemic have been resolved, leading to lower retail ground beef and pork chop prices in 2021 compared to 2020,” Nigh said. “However, consumers looking a bit farther back to compare prices are seeing higher prices for ground beef, pork chops and chicken breasts compared to pre-pandemic (2019) prices. That’s due to continued strong demand for American-grown beef and pork from both U.S. and international consumers.”

AFBF’s summer cookout menu consists of cheeseburgers, pork chops, chicken breasts, homemade potato salad, pork & beans, strawberries, potato chips and fresh-squeezed lemonade with ice cream and chocolate chip cookies for dessert.

The year-to-year direction of the marketbasket survey tracks closely with the federal government’s Consumer Price Index report for food at home. Both the index and the marketbasket remain relatively flat compared to year-ago levels.

The cost of transporting, processing and packaging farm-grown foods so they’re ready to be enjoyed on our tables is a major component of the total cost of the menu.

“According to the Agriculture Department’s revised Food Dollar Series, farmers currently receive approximately 8% of every food marketing dollar,” Nigh said. “The farmer’s share of the retail food dollar is as low as 2% to 4% for highly processed foods such as bread and cereal, and as much as 35% for some fresh-market products.”

The July 4th cookout survey is part of the Farm Bureau marketbasket series, which also includes the popular annual Thanksgiving Dinner Cost Survey of common food staples Americans use to prepare meals at home.

This year’s survey combines Bureau of Labor Statistics food price data with the results collected by more than 160 volunteer rural shoppers across the country and in Puerto Rico, including Farm Bureau members and others.

Individual Prices, AFBF 2021 Summer Cookout

·         2 pints of strawberries, $5.30 (up 22%)
·         13-ounce bag of chocolate chip cookies, $4.02 (up 11%)
·         8 hamburger buns, $1.66 (up 6%)
·         2.5 pounds of homemade potato salad, $2.75 (up 3%)
·         2 pounds of boneless, skinless chicken breasts, $6.74 (up 1%)
·         32 ounces of pork & beans, $1.90 (down 13%)
·         2 pounds of ground beef, $8.20 (down 8%)
·         Half-gallon of vanilla ice cream, $4.69 (down 5%)
·         3 pounds of center cut pork chops, $11.63 (down 2%)
·         2.5 quarts of fresh-squeezed lemonade, $3.65 (down 2%)
·         1 pound of sliced cheese, $4.05 (down 1%)
·         13-ounce bag of potato chips, $4.93 (down 1%)

   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Oklahoma Grain Elevator Cash Bids as of 2 p.m. Thursday, September 16, 2021  Thu, 16 Sep 2021 16:15:15 CDT
  • Catch Up on the Latest from Blayne Arhtur at the Oklahoma State Fair  Thu, 16 Sep 2021 16:11:18 CDT
  • Thursday, September 16, 2021, Market Wrap-Up with Justin Lewis  Thu, 16 Sep 2021 16:02:32 CDT
  • OSU's Kim Anderson Says 2021 Could be a Record Global Wheat Harvest Despite Losses  Thu, 16 Sep 2021 13:49:53 CDT
  • Oklahoma Drought Conditions Worsen According to the Latest U.S. Drought Monitor Report  Thu, 16 Sep 2021 13:28:57 CDT
  • Gear Up for Fall Home Energy Management  Thu, 16 Sep 2021 10:14:17 CDT
  • NAWG Responds to Ways and Means Advancing Reconciliation Tax Changes  Thu, 16 Sep 2021 10:12:46 CDT
  • Lasting Demand Growth for Aromatic Rice Could Transform U.S. Rice Industry  Thu, 16 Sep 2021 09:57:27 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Beef council Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Tulsa Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.

       
       

    Search OklahomaFarmReport.com

    © 2008-2021 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.