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Wednesday, August 28, 2013

McDonald's introduces Mighty Wings in U.S. stores next month

McDonald's introduces Mighty Wings in U.S. stores next month, McDonald's will introduce bone-in chicken wings in stores across the U.S. next month following successful tests in the Chicago and Atlanta markets.

The "Mighty Wings" rollout will begin September 9, and the wings will be in every U.S. store by Sept. 24. The fast food chain plans to leave them on the menu through November.

The wings will be sold in three-, five- and 10-piece packs starting at $2.99. Flavored with cayenne and chili pepper, the Mighty Wings will come with a choice of creamy ranch, honey mustard and tangy barbecue sauce.

There are some fears a nationwide product rollout by McDonald's -- the world's largest restaurant chain -- will shorten wing supply and drive prices up.

Wholesale chicken wing prices are around $1.44 per pound this week according to the Georgia Dock benchmark, down 29 percent from a January high for the commodity.

At the end of July, there were 94.2 million pounds of wings in cold storage, nearly double the amount a year ago.

Still, analysts expect wholesale wing prices could rise to around $2.00 a pound after the Mighty Wings are introduced.