Welcome to the newest edition of The Why. “Why will 4th of July BBQ be cheaper this year?” Good question. (Besides, not only does it give us a timely topic but it helps put off discussing other wiener-related questions, mmmkay?)
While things here in the US are not perfect, at least we now know that if we wish to celebrate the birth of our great country it will not cost as much as it did last year. Guest speaker Brad Tuttle, contributor to Time.com, confirms this.
Tuttle says: “Feel free to fire up the grill for the Fourth of July weekend. You can afford it.” The American Farm Bureau Federation recently released some new statistics indicating that it’s actually three percent cheaper to feed a 4th of July party of 10 folks than it was last year.
Tuttle also researched this and agrees that the cost of an Independence Day barbecue of “eight burgers, eight hot dogs, pork spare ribs, potato salad, baked beans, corn chips, watermelon, plus drinks, condiments, and buns, comes to $55.84, or a little over $5.50 per person.” He notes that this is “based on price checks at supermarkets in 30 states, and the total cost is lower than it was in 2014, when the same barbecue cost an average of $57.57.”
Still, the question remains, why will a 4th of July BBQ be cheaper this year? Tuttle reports that the lower cost this year is due to lower prices for numerous items. He reports: “The price of ribs, hot dogs, baked beans, watermelon, hot dog and hamburger buns, and American cheese all inched lower this year, collectively shaving a couple bucks off the total.”
Cheese, hot dogs, milk and spare ribs are cheaper because of the rising production of dairy and pork products. Bloomberg News confirms that wholesale pork prices took a 28 percent dive in the last year. This past May milk production hit a record high in the US which led to the price of American cheese dropping by almost nine percent.
Sure, hamburger might have gone up a wee bit but with pork prices on the decline, Tuttle says “you might be more willing to splurge with some bacon on your burger.” Indeed, the Bureau of Labor Statistics reveals that as of a couple months ago, the price of bacon dropped 18 percent. Last 4th of July bacon was running more than six bucks a pound and as this goes to press it is under five bucks.
So fire up the grill! Thanks to dropping prices of pork and dairy you can have a proper 4th of July feast!
Why will a 4th of July BBQ be cheaper this year? Now you know.
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