McDonald's was price jacking before these shortages. Are they going to jack the price again or accept that number go up may not go up so much?
this post was submitted on 10 Oct 2024
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They should increase the price to McDonald's. But they arent doing it for any good reason, passing it in to ranchers who have seen increasingly hard times, reducing the total amount of meat eaten, improving quality, reducing waste etc etc. Instead they just pass it on to executives and stock buybacks for the stock price.
I’d be more worried about the top fudge packers
Beef is expensive because of the drought. Remember climate change?
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When there is a drought, there is less water for cows, and grass feed. When there is less food and water for cows, they can't survive. Which leads to number 2.
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When cows don't thrive, their numbers drop. That means less beef that can be sold in volume. Which leads to number 3.
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When there is less beef to make profits from, then prices must increase to maintain the survivability of ranchers and the beef industry, as well as demand putting pressures on a smaller supply.
Causation: noun — the action of causing something.
This lawsuit reminds me of the ignorant customer who feels the beef industry is scrounging them. McDonald's needs to pay their workers 50 dollars an hour.
US port strike disrupts hamburger supplies, frozen seafood | Reuters https://www.reuters.com/world/us/us-port-strike-disrupts-hamburger-supplies-frozen-seafood-2024-10-02/