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McDonald’s Ends 40 Year Relationship with Heinz

By Amanda Brodhagen, Farms.com

McDonald’s, the world’s largest burger chain, says it will stop using Heinz ketchup because the company’s new boss is the former CEO of Burger King.

Bernardo Hees, who led Burger King for three years, was recently appointed the new CEO of Heinz earlier this year. McDonald’s said in a statement that due to “recent management changes,” the company will transition over to a new ketchup supplier.

The move will likely benefit Heinz’s rival ketchup maker, Hunt’s which is owned by ConAgra Foods Inc. In June, Warren Buffett’s Berkshire Hathaway hedge fund bought Heinz, and named Hees as the CEO.

 


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Iran War = “Trend is Your Friend” Short-Term BUT……

Video: Iran War = “Trend is Your Friend” Short-Term BUT……


Historically wars like the 2026 Iran war are bullish hard assets like grains, metals and energy! The funds are spooked and do not want to be short, but do they price in the news over time, similar to the Ukraine/Russian war that started on Feb. 24, 2022? A closure of the Strait of Hormuz is the key to the surge in crude oil, natural gas prices and fertilizer prices.  Grains are breaking out to new contract highs as a hedge against inflation.