Why Is Chicken More Expensive? Media Blames McDonald’s

“In late 2011, the Georgia dock wholesale price of chicken wings started rising from 90¢ to more than $2 per pound earlier this year, an increase that got passed along at the supermarket. Prices have since fallen to about $1.46 per pound. Steyan believes it will be hard for McDonald’s to make wings a permanent menu item, as the company may have underestimated its own impact on the wing market. It’s not just wings, either. The wholesale price of boneless chicken breast has climbed 24 percent since March, an increase Sanderson Farms Chief Executive Joe Sanderson Jr. attributes to rising demand from fast-food restaurants. McDonald’s, for instance, introduced the McWrap this spring.”

http://www.businessweek.com/articles/2013-08-28/why-is-chicken-more-expensive-ask-mcdonalds

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