If it’s beef, they why have their chicken nuggets also doubled in price in the last couple of years? Oh, this goes back almost a decade you say? So why did you double or triple prices post pandemic?
this post was submitted on 08 Oct 2024
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Dude it's literally right there at the beginning of the post
The fast food giant is suing the U.S. meat industry’s “Big Four” — Tyson, JBS, Cargill and National Beef Packing Company
You can't honestly think McDonald's trying to blame their massive price increases solely on their meat providers is valid.
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Oh the ironing
Can we sue McDonald for all that they did to artificially decrease the cost of beef, and the immense harm that was done to the climate as a result?
Thank god we have Good guy McDonald’s going after the evil natural beef guys….wait
And they'll certainly reduce their prices once they get their supply chain work down right? ... Right?
Hey now, we should salute McDonalds for keeping Big Beef in check. Those prices trickle down to us! /s
Capitalist system
Big four fixing prices
ShockedPikachu.png
The system is working exactly as it's designed to. I've said it before and I will say it again: captialism only encourages monopolies/cartels - that's the whole point.
I trust what McDonald's is saying in this case. If anyone knows what collusion to inflate prices and fuck over clients looks like, it's the place with the broken soft serve machines.
“Company sues for what company does to customers because those profits are theirs”
"I was talking to my colluding friends and they said you were doing a collusion on us. What the hell? We're not the poors."
The worst part is, the average citizen anywhere in the world can not afford to do this. Only some other evil megacorporations
Someone should sue McDonald's for the same thing. All of their prices (not just for beef) have been massively inflated for their profit. A meal there shouldn't cost $12+ (I've seen as much as $15), it's trash food. I haven't been back in a long time.
Wait, McDonald’s uses real beef?
They use the trade marked "Real Beef".
Real Beef™
(May contain raccoon and/or armadillo harvested from American highways.)
Armadillo is good eatin’.
So you're saying they should start selling the McAdillo?
Any bets on how long it will take Fucker Carlson to start deriding McDonalds?
We'll isn't that the pot calling the kettle black. The restaurant chain famous for jacking prices up while shrinking portion sizes and generally screwing their customers in every way they can doesn't like it when they are getting taken advantage of. Cry me a fucking river. Fuck you McDogsBreath!
To be fair, the screwing flows downriver. If the sourcers start getting greedy, the business has to make up the difference by increasing prices.
I will be thoroughly stunned if the huge settlement they may get actually results in lower prices for customers.
Don't forget about screwing their workers.
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McDonald’s has some beef with today’s largest meat packers.
I would have been disappointed if there wasn’t a line like this in the story somewhere. It practically writes itself.
I don't know anything about the specifics here, but here's a 5 year graph of futures for live cattle versus beef:
https://tradingeconomics.com/commodity/live-cattle
If there's collusion to engage in price-fixing by meat packers, I'd expect to see beef prices rising without a corresponding increase in cattle prices.
Beef prices did indeed recently start rising rapidly without a corresponding increase in live cattle prices.
But on the other hand, beef prices are also a lot lower relative to live cattle prices than they were during roughly COVID-19.
TBF things look pretty different if you go back to 2015 like McDonald's is alleging.
EDIT: To me, it really looks like COVID was the big factor impacting price though.
Oh, that's a good point -- missed that in the article. They did say that it started in 2015.
No one but Ron can gouge on the meat. holding comically large baseball bat
Beef, the meat kept artificially cheap in the US by subsidies?
Beef, the meat kept artificially cheap ~~in the US~~ by subsidies?
FTFY, you are not alone in this stupidity. "Dutch Trump" Wilders got his votes because the government said that maybe the whole country should not be one big cattle farm.
At great expense to the health of the people and the climate
Well it's a lot like all the ISPs taking fucktons of money over 25 years to "roll out fiber" and then just basically pocketing the money.
Corporations are the real welfare queens.
Corporations are the real welfare queens.
not sure I'd say queens, perhaps parasites would best fit that sentence
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