Report: Fourth of July food prices are up compared to 2023

COLUMBIA, Mo. (KMIZ)

Those planning a Fourth of July cookout this week might notice an increase in their grocery bill compared to last year.

A report by the American Farm Bureau shows the cost of a Fourth of July cookout has increased in 2024 to an average of $71.22 for a party of ten people. This is the first time the cost has reached above $7 per person.

According to the report, the national average cost of a Fourth of July cookout for ten people:

• 2024: $71.22
• 2023: $67.73
• 2022: $69.68

However, the Midwest average is slightly lower at $68.26 for a party of ten.

The report states meat is the most expensive item with ground beef, pork chops and chicken breasts accounting for half of the overall cookout cost.

The cost of pork is up 8% compared to 2023, while ground beef is up 11%. The report states this is due to the smallest cattle inventory in over 70 years.

Chicken is one of only two food staples that have seen a price decrease, along with potato salad.

Lemonade saw the most dramatic price increase this year, up 12% compared to 2023. The report said this is due to a decrease in lemon production and an increase in sugar prices.

The Farm Bureau reports food price increases slowed in 2023 compared to 2022. However, the overall cost of a cookout has increased by 30% in the past five years.

The report said farmers are not benefiting from the increase in food costs.

"Higher food prices do not equal higher income for farmers," the report states. "Less than 15 cents of every dollar spent on food goes to the farm once you take into account processing, transportation and marketing."

The report states farm incomes have dropped 17% in 2023 and are expected to drop another 25% in 2024.

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