Jul 13, 2014
Home| Tools| Events| Blogs| Discussions| Sign UpLogin

Sanderson Says McDonald’s Wings Offer May ‘Shorten’ Supply

August 27, 2013
Chickens
Wings in cold storage at the end of July almost doubled to 94.2 million pounds (207 million kilograms) from a year ago, according to the U.S. Department of Agriculture.  

Aug. 27 (Bloomberg) -- McDonald’s Corp.’s plan to start selling bone-in chicken wings across the U.S. from September through November likely will "shorten up" supply, said Sanderson Farms Inc. Chairman and Chief Executive Officer Joe F. Sanderson Jr.

"Anytime anybody features wings and sells wings, it’s going to take some wings off the market," Sanderson said in a telephone interview today.

Wings in cold storage at the end of July almost doubled to 94.2 million pounds (207 million kilograms) from a year ago, according to the U.S. Department of Agriculture. The Georgia Dock price of wings, a benchmark for the commodity, has dropped 29 percent to $1.44 a pound from a January record, according to the USDA.

It’s difficult to determine how McDonald’s entry into the wings market will affect prices because it’s unclear how much inventory the Oak Brook, Illinois-based restaurant chain holds, Sanderson said. Demand typically rises during the U.S. football season that begins in September and peaks around the Super Bowl championship game.

Sanderson is not a supplier of wings to McDonald’s.

 

--Editors: Will Wade, Charles Siler

 

To contact the reporter on this story: Shruti Date Singh in Chicago at ssingh28@bloomberg.net

 

To contact the editor responsible for this story: Simon Casey at scasey4@bloomberg.net

 

See Comments


 
Log In or Sign Up to comment

COMMENTS

No comments have been posted



Name:

Comments:

Receive the latest news, information and commentary customized for you. Sign up to receive Beef Today's Cattle Drive today!. Interested in the latest prices for cattle in your area? See highlights of the latest for-sale cattle in the Cattle-Exchange eNewsletter.

 
 
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by AmericanEagle.com|Site Map|Privacy Policy|Terms & Conditions