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Illustration: Sarah Grillo/Axios

The holidays are often a pricey time for families. But new numbers show that the cost of an average Thanksgiving meal remained steady this year — with certain staples actually seeing a cut.

Where it stands: The average cost of a Thanksgiving dinner for 10 is up only one cent — to $48.91 — from last year's total, the American Farm Bureau Federation reports. A 16-pound bird costs about $20.80 — or about $1.30 per pound — down 4% from last year.

  • The total price includes "turkey, stuffing, sweet potatoes, rolls with butter, peas, cranberries, a veggie tray, pumpkin pie with whipped cream, coffee and milk."
  • According to the survey, "retail turkey prices are the lowest since 2010."

Between the lines: Concerns about U.S. trade disputes have centered on costs rising for consumers, NBC News notes. But things have worked in consumers' favor when it comes to Thanksgiving, a holiday that — not surprisingly, given its presumed origin as a harvest celebration in Plymouth, Mass. — favors homegrown products.

  • An oversupply of some domestic goods, possibly fueled by tariffs on imports, has brought down some costs.
  • A 4-pound ham is set to be about $2 cheaper due to effects from trade conflicts with China and Mexico. (The Federation survey reports that 49% of its 2,200 respondents serve ham and turkey at Thanksgiving.)
  • Canned pumpkin pie filling and cubed bread stuffing will also cost less this year.

But, but, but... While lower prices are great for consumers, the agriculture industry is struggling. Farmers receive only 8 cents for every $1 of food sold, per the Federation.

  • Nearly 13,000 farms went out of business in 2018, NBC reports, citing the USDA.
  • "Low commodity prices over the past five years have been a key factor, exacerbated when agricultural exports to China were curtailed last year," according to NBC.
  • "That put further pressure on farms operating on thin margins."

The other side: Some imported delicacies will likely become more expensive — like certain cheeses and alcoholic beverages.

  • By year's end, a 25% tariff on $7.5 billion of European Union goods could hike the price of English cheddar and Italian Parmesan.
  • French wines and Scotch whiskey would also face the tariff.

Go deeper

The startup that wants to disrupt big internet providers

Maura Losch/Axios

A new startup backed by funding from AOL founder Steve Case and Laurene Powell Jobs wants to break up broadband monopolies across the country.

Why it matters: Internet access has been crucial during the pandemic, but it's not ubiquitous, and it can be both slow and unaffordable in swaths of the country.

1 hour ago - World

Top general: China's hypersonic missile test "very close" to a "Sputnik moment"

Gen. Mark Milley. Photo: Rod Lamkey-Pool/Getty Images

Gen. Mark Milley, the chairman of the Joint Chiefs of Staff, warned Wednesday that China's test of a hypersonic missile is "very concerning" and "very close" to the kind of "Sputnik moment" that triggered the Space Race during the Cold War.

Why it matters: The comments by America's top uniformed general underscore the depths of U.S. concerns about China's rapid military expansion and development of advanced weaponry.

Climate reckoning for oil and gas CEOs

Illustration: Aïda Amer/Axios

Top executives from ExxonMobil, BP, Chevron and Shell will face a reckoning on Capitol Hill Thursday, as they're grilled on evidence that their companies knew for years that their products were driving climate change but chose to downplay or deny it.

Why it matters: The hearing before the House Oversight Committee will be the first time these executives have been brought together to provide sworn testimony regarding what they knew about the ties between their company's products and climate change, and when they knew it.