Your Thanksgiving turkey will cost more this year. Here's why.
Thanksgiving's always been a time to splurge on portion sizes (especially if you're Uncle Greg), but it looks like folks might be splurging a little more on the cost of turkeys, too.
A Purdue University agricultural economist is saying that, this year, wholesale turkeys will be about 8-10% more expensive than they were in 2013. But before you loses your head, let's cut right to the point -- it's not because there's a shortage of birds. Corinne Alexander, who's behind the study, says that the higher prices are due to increased feed costs resulting from the droughts of 2012.
It's really up to the individual grocers whether they jack up turkey prices to cover their losses, so the actual cost increases seen by customers could potentially be low. Just be wary going to the supermarket this season, because you could also be carving up your wallet.