The American Farm Bureau Federation (AFBF) says we can cookout for a little less this year. Favorite foods for a Fourth of July meal will run about $6 per person according to an informal survey conducted by AFBF. The average cost of a summer cookout for 10 people is $55.70, or $5.57 per person. One reason for this is competition in the meat and dairy cases.
“Retail pork prices also declined in 2017, largely due to more pork on the market and ample supplies of other animal proteins available for domestic consumption. Lower beef prices are most likely putting downward pressure on pork prices,” said AFBF Director of Market Intelligence Dr. John Newton.
AFBF’s summer cookout menu for 10 people consists of hot dogs and buns, cheeseburgers and buns, pork spare ribs, deli potato salad, baked beans, corn chips, lemonade, chocolate milk, ketchup, mustard and watermelon for dessert.
Newton said, “We continue to see stability in dairy prices because of the improving export market. Chocolate milk will be a little more affordable this July 4th, in part because some retailers are promoting it as a sports recovery drink superior to other sports drinks and water.”
Newton said retail dairy and meat prices included in the survey are consistent with recent trends and are expected to continue to be stable.