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Stock impact report

McDonald's makes a big menu shift as beef prices rise [Yahoo! Finance]

McDonald's Corporation (MCD) 
Last mcdonald's corporation earnings: 4/30 06:58 am Check Earnings Report
Company Research Source: Yahoo! Finance
“Right now, there is a tightness in the U.S. protein supply, especially where beef is concerned, due to reduced cattle herds that could go on for years before they're replenished,” Bill Lapp, president of Omaha, Neb.-based Advanced Economic Solutions told the National Restaurant Association (NRA). “Some ground beef cuts are now at record levels, and chicken breast prices, while higher than anticipated, are still lower than the costs associated with beef.” That's why burger chains including McDonald's, Burger King, and Wendy's have been ramping up their chicken efforts. "Even though beef is an important item for a lot of restaurants, some operators, because of the tight supply, are starting to introduce a variety of chicken items this summer. The hope is that they'll take away some of the pain that higher beef prices are causing,” he said. To lean into that trend, McDonald's has been testing a new line of chicken tenders that follows a move Wendy's made in 2024. McDonald's t Show less Read more
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