A Fourth of July cookout of Americans’ favorite foods including hot dogs, cheeseburgers, pork spare ribs, potato salad, baked beans, lemonade and chocolate milk will cost slightly less this year and still comes in at less than $6 per person, says the American Farm Bureau Federation.
“Based on our survey, food prices overall appear to be fairly stable. Prices for beef have continued to increase this year, but prices for other meats are generally declining. Dairy product prices are also quite a bit lower,” said John Anderson, deputy chief economist at AFBF.
“Meat production is starting to increase substantially. Beef prices have started to stabilize but have not declined yet. On the other hand, retail pork prices have been declining all year,” Anderson said.
“Fuel and other energy prices have also generally been lower so far this year compared to last year,” Anderson said. “This helps keep prices down on the more processed items in the basket. Energy is an important component of the final price for these products.
“As a nation, we continue to enjoy a consistent, high-quality supply of meats and poultry at prices that are remarkably affordable for most consumers,” he said.
AFBF’s summer cookout menu for 10 consists of hot dogs and buns, cheeseburgers and buns, pork spare ribs, deli potato salad, baked beans, corn chips, lemonade, chocolate milk, watermelon for dessert, and ketchup and mustard.
A total of 88 Farm Bureau members (volunteer shoppers) in 30 states checked retail prices for summer cookout foods at their local grocery stores for this informal survey.
The summer cookout survey is part of the Farm Bureau marketbasket series which also includes the popular annual Thanksgiving Dinner Cost Survey and two “everyday” marketbasket surveys on common food staples Americans use to prepare meals at home. A squad of Farm Bureau members across the nation checks retail prices at local grocery stores for the marketbasket surveys. AFBF published its first marketbasket survey in 1986.
Source: American Farm Bureau Federation
July 4th Cookout for 10 Costs Less
|Items||Amount||2013 Price||2014 Price||2015 Price||% change|
|1||Ground Round||2 pounds||$ 7.86||$ 8.91||$ 9.10||2.1%|
|2||Pork Spare Ribs||4 pounds||$ 12.29||$ 13.91||$ 13.44||-3.4%|
|3||Hot Dogs||1 pound||$ 2.29||$ 2.23||$ 2.19||-1.8%|
|4||Deli Potato Salad||3 pounds||$ 8.77||$ 8.80||$ 8.58||-2.5%|
|5||Baked Beans||28 ounces||$ 1.99||$ 1.96||$ 1.83||-6.6%|
|6||Corn Chips||15 ounces||$ 3.37||$ 3.37||$ 3.26||-3.3%|
|7||Lemonade||0.5 gallons||$ 2.07||$ 2.00||$ 2.05||2.5%|
|8||Chocolate Milk||0.5 gallons||$ 2.62||$ 2.82||$ 2.65||-6.0%|
|9||Watermelon||4 pounds||$ 4.56||$ 4.53||$ 4.21||-7.1%|
|10||Hot Dog Buns||1 package||$ 1.64||$ 1.63||$ 1.57||-3.7%|
|11||Hamburger Buns||1 package||$ 1.67||$ 1.68||$ 1.50||-10.7%|
|12||Ketchup||20 ounces||$ 1.55||$ 1.36||$ 1.46||7.4%|
|13||Mustard||16 ounces||$ 1.23||$ 1.25||$ 1.14||-8.8%|
|14||American Cheese||1 pound||$ 2.73||$ 3.12||$ 2.86||-8.3%|
|Total||$ 54.64||$ 57.57||$ 55.84||-3.0%|
|Per Person||10||$ 5.46||$ 5.76||$ 5.58||-3.0%|