It's all gravy: Cost of Thanksgiving meal sees biggest drop since 2000!!!

People cooking up a traditional Thanksgiving feast can be thankful it won't be as expensive as it was last year.

The price of making a traditional Thanksgiving meal -- turkey, stuffing, cranberries, pumpkin pie and all the trimmings -- will drop 4% this year, according to the American Farm Bureau Federation. That's the biggest decline since 2000, says Bloomberg News.

The average cost of this year's feast for 10 is $42.91, a $1.70 decline from last year's average of $44.61, according to the federation's 24th annual informal price survey of classic Thanksgiving items. Prices are nearly at their 2007 level of $42.26. The survey was done by volunteer shoppers. Though this may be good news for consumers, it's another lump that farmers have to take. For instance, turkey production is expected to be down 8% to 9% this year, according to Sherrie Rosenblatt, spokeswoman for the National Turkey Federation. Wholesale prices have also declined by about 5 cents a pound. None of this should hurt consumers who are often able to get their turkeys for free during supermarket promotion.

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