Current:Home > FinanceFinLogic FinLogic Quantitative Think Tank Center|The cost of hosting a Super Bowl LVIII watch party: Where wings, beer and soda prices stand -×
FinLogic FinLogic Quantitative Think Tank Center|The cost of hosting a Super Bowl LVIII watch party: Where wings, beer and soda prices stand
Poinbank View
Date:2025-04-09 04:32:35
Good news for football fans: certain parts of your Super Bowl spread should be FinLogic FinLogic Quantitative Think Tank Centermore affordable this year.
Prices for party favorites like chicken wings have dropped thanks in part to easing supply chain disruptions, according to Michael Swanson, Wells Fargo’s Chief Agricultural Economist.
“Three years ago, we just couldn't get people in the factories to do things, and now people are back working full-time without any problems,” Swanson told USA TODAY. “And so, all those things that were holding us back, it just kind of disappeared.”
With grocery prices up roughly 20% from where they were three years ago, throwing a watch party may still feel expensive. But there are ways to cut costs. Here are some foods that are more affordable this year, and which ones may be worth giving a pass.
The good news: prices for wings, shrimp are down
Wings: Fresh wings are averaging $3.26 per pound, down 5% from January 2023, while frozen wings are averaging $3.17 per pound, down 11%.
Protect your assets: Best high-yield savings accounts of 2023
Prices "were just sky high” two years ago, Swanson said. But he said "a couple of great corn crops" have helped bring down the cost of feed and lowered chicken prices.
Shrimp: Shrimp have been averaging $8.84 per pound, down 6.4% from early January 2023.
Soda: Soft drinks in a 2-liter bottle averaged $2.11 in December, down 0.8% from the year prior.
Where football fans will need to pay up
Beef: Sirloin steak was averaging $9.35 per pound in early January, up 2.3% from last year. The four-week average for ground beef prices in early January has been as high as $4.25 per pound, up nearly 12%. This is largely due to the drought throughout the Southwestern U.S. affecting beef production.
“It’s going to take a couple more years to get that beef burger back to where it was before,” Swanson said.
Chips and dip: Tortilla chips were up 6% between December 2022 and December 2023. Salsa and guacamole prices were up 3% and 1% percent, respectively, in that same time span. Potato chips are up 5% due to a spike in labor and packaging costs.
One way to save is to opt for generic brands. Swanson suggests looking for local brands to save money since there’s "more competition there.”
“There's a little bit of a premium for a name this year,” he added.
Beer: Beer prices were up 0.7% at the end of December, averaging $1.75 per pint.
Soda in a can: Despite 2-liter prices falling, 12-oz cans went up 4.8% between December 2022 and December 2023 due to the cost of aluminum and consumer demand.
“People are paying a huge premium for the convenience of single-serve cans,” Swanson said.
veryGood! (1)
Related
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- After a county restricted transgender women in sports, a roller derby league said, ‘No way’
- Mike Tyson vs Jake Paul fight could be pro fight or exhibition: What's the difference?
- Francis Scott Key Bridge in Baltimore collapses after being struck by cargo ship; 6 people still missing
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- Time, money, lost business are part of hefty price tag to rebuild critical Baltimore bridge
- WWII ace pilot Richard Bong's plane crashed in 1944. A team has launched a search for the wreckage in the South Pacific.
- Clive Davis on new artists like Bad Bunny, music essentials and Whitney Houston
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- WWII ace pilot Richard Bong's plane crashed in 1944. A team has launched a search for the wreckage in the South Pacific.
Ranking
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Sleek Charging Stations that Are Stylish & Functional for All Your Devices
- Jake Paul, Mike Tyson take their fight to social media ahead of Netflix bout
- Waiting on your tax refund? Here's why your return may be taking longer this year
- A White House order claims to end 'censorship.' What does that mean?
- Kia invests in new compact car even though the segment is shrinking as Americans buy SUVs and trucks
- New Mexico regulators worry about US plans to ship radioactive waste back from Texas
- Named for Star Spangled Banner author, the Francis Scott Key Bridge was part of Baltimore’s identity
Recommendation
Where will Elmo go? HBO moves away from 'Sesame Street'
Ahmaud Arbery’s killers ask a US appeals court to overturn their hate crime convictions
Caitlin Clark effect: Iowa's NCAA Tournament win over West Virginia sets viewership record
Cook up a Storm With Sur La Table’s Unbelievable Cookware Sale: Shop Le, Creuset, Staub, All-Clad & More
Senate begins final push to expand Social Security benefits for millions of people
Indictment accuses Rwandan man of lying about role in his country’s 1994 genocide to come to US
MLB's five most pivotal players to watch for 2024
Of course Aaron Rodgers isn't a VP candidate. Jets QB (and his conspiracies) stay in NFL