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Chipotle Mexican Grill, Inc. Message Board

  • jimcalp88 jimcalp88 Aug 22, 2013 10:36 AM Flag

    Look for Beef prices to be 5-10% higher by end of year

    Through industry articles, beef prices are expected to be higher. If not by years end, definately into next year due to supply concerns. Multiple years of drought in the western US and wildfires over the last year or two has drastically cut land available for grazing and heard sizes have been reduced. This combined with increased demand both domestically and globally in exports has made for much tighter supplies and increased prices.
    Add this increase to that of chicken in the last couple months and margins will narrow.
    Meat is the most expensive commodity for CMG. A rise in its prices makes it much more difficult that a rise in a cheaper commodity like corn or flour.
    Keep an eye on this. I am not a pumper just throwing posts out there. With ties to the industry I see first hand what is going on with beef. This will affect margins to some extent regardless.
    Unless you all switch to GMO tofu burritos. Of course only some of you can because that is not offered at every location

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