Your Fourth of July barbeque could cost a lot more money this year
What is the estimated cost for a July 4th cookout in 2023?
The estimated cost for a July 4th cookout in 2023 was $67.73 for 10 people, according to the American Farm Bureau Federation.
How much has the cost for a July 4th cookout increased since 2019?
The cost for a July 4th cookout has increased by 30% since 2019, according to the American Farm Bureau. This year, a typical Independence Day cookout for 10 people will cost about $71.22, up from $67.73 in 2023, and is the most expensive level on record, with prices topping more than $7 per person for the first time. The increase is driven by higher prices for ground beef, pork chops, hamburger buns, cheese slices, strawberries, potato chips, ice cream, and lemonade6.
Why have beef prices increased this year?
Beef prices have increased this year due to a combination of factors, including a shrinking supply of cattle, drought conditions making cattle more expensive to raise, pandemic disruptions, and widespread cost increases. This has led to a reduction in beef production and higher prices for consumers.