http://www.theatlantic.com/business/archive/2011/11/holiday-meals-more-expensive-this-year-blame-the-weather-in-texas/248090/A narrow swath of ocean off the coast of South America drops three degrees, and a year later the cost of Thanksgiving turkey rises in the United States.
Last September, abnormal cooling in the Pacific Ocean, known as La Niña, shifted rain away from the southern United States, resulting in one of the worst droughts in recent history. Today, every inch of Texas is in a state of extreme or exceptional drought and has been for months, Texas lakes and reservoirs are drying up, and state officials project long-term water shortages. Three million acres of Texas -- equal to 34 Manhattans -- have burned in wildfires this year.
If you can't feel the heat of the drought where you live, you can certainly feel the pinch at the nearest grocery store. Texas is a keystone of U.S. agriculture, and with the oncoming holiday shopping rush, consumers across the country are going to see the effects of those three small degrees on their receipts.
"Yes, we are going to see higher prices this Thanksgiving," Purdue University agricultural economist Corinne Alexander explained. And the price of beef is leading the charge.