The holidays are all about that special dinner with friends and family. A lot of us plan for a dinner that includes a nice, big turkey. So it may be pleasing for you to know that the cost of a turkey dinner actually went down this year compared to previous years. Here is why.
According to the U.S. Farm Bureau on freedomchecks.com, they released a survey stating, this year’s turkey dinner would cost less than any other Thanksgiving dinner in the past five years. There is one main reason why Thanksgiving will be easier on our budget this year, and that reason is the price of oil.
Most of us do not know, but the price of oil directly affects the price of grain. The cost of diesel for the farming tractors and fertilizers for fields of grain sold by farmers, these are two reasons why the cost of oil has an effect on the price of grain.
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In turn, raising turkeys requires feeding them grain. It takes so much grain to raise a large turkey. To be exact, it takes about 35 pounds of grain to raise a 16 pound turkey. This is why he price of grain effects the price of the turkey because it is all about a profit according to plus.google.com. The more inexpensive it is to produce a turkey, the less expensive he product is when sold to consumers like you and I. Supply and demand also places a large role in he price too.
Matt Badiali was a geologist and was a professor at the University of North Carolina. While teaching there, he got a call that took his career in a different direction. The phone call was from a famous financial advisor who wanted Matt’s help on a special project. He needed a geologist on his team to help him with investments in the energy, mining, and natural resource sector. From that moment, Matt joined his team and started traveling around the world researching what goes on behind the scenes at companies in these sectors.
Find more about Matt Badiali: https://seekingalpha.com/article/132836-matt-badiali-focus-on-golds-prospect-generators
Higher oil prices are breathing life into one specific sector. Here's how to profit…#oil #oilprices #oilservicesstocks #investments #finance #stocks #stockmarket #banyanhill $OIH https://t.co/5mWGbKUHKG
— Matt Badiali (@Matt_B_Guru) December 5, 2017