-
Why Is Chicken More Expensive? Ask McDonald's
When McDonald’s (MCD) introduces a new menu item, the entire food industry feels it. The company added apples to its menu and became one of the country’s largest apple buyers. It put cucumbers on its new McWrap and now expects to buy 6 million pounds of cukes this year. Now Mighty Wings are coming back. From Sept. 9 through November, McDonald’s is expected to sell a grand total of 250 million wings, and some analysts say McD’s wing-buying spree for this promotion last year drove up wholesale prices. Wedbush analyst Nick Setyan says McDonald’s probably started stockpiling wings about 18 months ago, which ... (full story)