McDonald's Corp said Thursday that it will remove the one-third pound Angus burgers from its U.S. menus, following news that U.S. beef prices hit a 10-year high.

McDonalds introduced the Angus burgers in 2009 and along with other chains, they have worked to offset rising beef costs by promoting more chicken products. In lieu of that, McDonald's recently introduced premium chicken wraps.

The U.S. Department of Agriculture's (USDA) wholesale beef market report on Thursday showed choice beef carcasses rising 24 cents per hundred pounds (cwt) to a record $204.91 per cwt above the previous record of $204.67 hit late on Wednesday, according to Reuters.

The company in March said it was deciding whether or not to remove its "premium" Angus burgers and Angus snack wraps to make room for other foods, but a final decision was ultimately reached.

"While these burgers will no longer be available in our restaurants, they may still play a future role on our menu," spokeswoman Danya Proud said, adding that the company hopes to "make room for new and exciting choices for our customers."

Richard Adams, who consults McDonald's franchisees, told The Associated Press that the McDonald's Dollar Menu has also made the Angus burger a less attractive option at around $4 to $5, making it one of the priciest items on the chain's menu.

"When you can get four or five burgers off the Dollar Menu, nobody's going to buy the Angus burger," he said. "The Dollar Menu has become a real problem for these chains."

 

Tags: McDonalds