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Related: Culture Forums, Support ForumsTeh Chicken Council has spoken ~ fast-food giant has been stocking up wings for 18 months ...
Last winter, the National Chicken Council sparked a rumor that Super Bowl fans could face a national chicken wing shortage, after prices for the snack reached record highs. And while analysts at the time were quick to blame gluttonous football fans, it looks like McDonald's may have played a part in the scare.
[img][/img] In a statement in January, the trade group predicted that fans would eat 1 percent fewer chicken wings than they did in 2012, and attributed the drop to widespread droughts in 2012, as well as the Renewable Fuel Standard, a federal program that demands a portion of the U.S.'s corn crop be converted into ethanol. Those factors led corn prices to spike, said the group, which in turn led to higher chicken food prices, which in turn led to fewer chickens.
As Matt Yglesias said at Slate at the time, the National Chicken Council's estimate that there would be 1 percent fewer chicken wings at the Super Bowl was "based on the fact that America produced about 1 percent fewer chickens over the past year than the year before." [img][/img]
But thats not for want of demand. The U.S. Department of Agricultures most recent Livestock, Dairy & Poultry Outlook report said prices for whole chickens were 21 percent higher in December 2012 than December 2011. For wings, the price increase was an even larger 26 percent year-on-year. The rocketing prices are a textbook sign of the steady or growing demand running up against a reduced stock of chickens.
Indeed, a 26 percent year-on-year price increase sounds high for a one percent drop in supply.
So where was all that demand coming from? Enter McDonald's, which this week announced plans to reintroduce its bone-in Mighty Wings at its 14,100 U.S. locations a roll-out set to take place September 9 through September 24.
To prepare for the tsunami of chicken wings,[img][/img] McDonald's has probably been stockpiling them for 18 months, analyst Nick Setyan told Vanessa Wong at Bloomberg Businessweek.
Yes, gross. [img][/img] But also, interesting: Because McDonald's is so enormous, introducing any new menu item has a noticeable impact on the nation's food supply. [img][/img] "The company added apples to the menu and became one of the country's largest apple buyers," Wong says. In the case of chicken, McDonald's growing wing collection, along with the higher price of corn, may have combined to drive up the price of chicken
And not by a little. Wong says prices rose from 90 cents a pound in 2011 to touch $2 a pound last winter. [img][/img] Prices are now back down to $1.46 a pound, but chicken wing prices always rise during the football season, reaching a finger-licking crescendo at the Super Bowl.
McDonald's, for its part, is expecting to sell 250 million chicken wings between September 9 and the end of November.
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Serving wings anyway! Damn the cost! | |
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Raw veggies coming up. Do you want dipping sauce with that. | |
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Mini hot dogs. Take it or leave it. | |
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hobbit709
(41,694 posts)In_The_Wind
(72,300 posts)[img][/img]
hobbit709
(41,694 posts)In_The_Wind
(72,300 posts)"You definitely wouldn't want to be eating anything that's been in the freezer for more than 12 months," he says.
A quick guide to how long you can freeze food:
Beef and lamb 12 months
Chicken and pork six months
Vegetables six months
Seafood three months
http://health.ninemsn.com/whatsgoodforyou/theshow/694154/whats-better-for-you-151-fresh-or-frozen-food
hobbit709
(41,694 posts)It may become a little dry and tasteless but it's still edible. But I'm talking real food, not what McD's serves.
B Calm
(28,762 posts)In_The_Wind
(72,300 posts)[img][/img]
lastlib
(23,286 posts)Bury me with a 16-oz. sirloin, please.....
In_The_Wind
(72,300 posts)lastlib
(23,286 posts)me--I don't want nothin' on my plate that's gonna moo back at me when I cut it!
(Actually, that looks pretty yummy, but I would like it cooked a bit more.......just pink in the middle.....)