CHICAGO – Americans will be able to enjoy relatively cheap Thanksgiving turkeys this year, thanks to many retailers locking in their costs before a drought this year drove up U.S. feed prices.
And retailers are determined to keep prices for the traditional Thanksgiving main course as low as possible, even though sky-high corn prices have nearly doubled the cost of producing a pound of turkey meat this year.
Offering attractive prices for turkey can help retailers such as Wal-Mart Stores Inc and Supervalu Inc lure customers into their stores for other Thanksgiving staples such as turkey stuffing, cranberries and sweet potatoes, industry sources said.
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