McDonald's All-Day Breakfast Could Send Egg Prices Even Higher
Experts say the food giant could disrupt the marketplace.
Egg prices have spiked in recent months because of the worst outbreak of bird flu in U.S. history, killing more than 48 million birds in the first half of the year. Egg prices hit $2.57 a dozen in June, according to the U.S. Agriculture Department. The average price of Midwest large eggs was $2.45 on Aug. 31, compared to $1.35 for the same period a year ago.
“When you’re talking about an organization as large as McDonald’s in the U.S., any product they introduce will have the potential to disrupt the marketplace,” Morningstar’s restaurants analyst RJ Hottovy tells ABC Radio.
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