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Where's the beef? To the surprise of almost no one the beef herd shrunk to its smallest size in...

Where's the beef? To the surprise of almost no one the beef herd shrunk to its smallest size in 39 years this summer as a drought in the Midwest ravaged crops. Execs with hamburger chains have already seen the writing the wall, warning in repeated Q&A sessions on conference calls (transcipts: MCD, WEN, RRGB) that they will implement modest price increases - but the question remains of how hard beef inflation will hit their bottom lines. Margin watch: MCD, WEN, BKC, SONC, BLMN, JACK
Comments (3)
  • Bloomberg had a story about this 2 weeks ago, anyone in for a soylent green burger???
    23 Aug 2012, 09:21 AM Reply Like
  • Its going to be good for beef importers....or countries that can export....
    23 Aug 2012, 09:27 AM Reply Like
  • Wonder if healthcare costs will go down?
    23 Aug 2012, 09:35 AM Reply Like
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