Rationing? American retailer Costco temporarily limited meat purchases per person

American retailer Costco limited meat purchases to 3 items per person

Meat processing plants capacities significantly dropped due to coronavirus and there’s a shortage of meat on U.S. market.

Based on a Costco’s official statement, the company set limits on meat purchases to help ensure its availability to more customers. The limits include poultry, beef and pork. More U.S. grocery stores have adapted similar measures.

According to Reuters, slaughterhouses capacities in the U.S. have dropped to its half, compared to numbers before coronavirus pandemic outbreak. At the same time, demand for meat has grown in 30-40%, as people cook more in quarantine. Yet, the demand could slightly fall due to closed restaurants.

Even though Donald Trump insisted that meat processing plants stay open to supply chains, it didn’t calm situation on the markets. The pandemic has hit a significant number of workers from meat processing sector, and these workers can’t be easily replaced.

author avatar
EditorialTeam
The Trader-Magazine.com EditorialTeam is a collective of certified financial analysts, active traders, and cryptocurrency experts. Our mission is to transform complex market data (forex, equities, indices) into accessible financial education. All content undergoes rigorous, multi-level fact-checking to ensure we deliver only accurate, objective information for your trading and investment decisions.

Top 10 financial instruments for 2022. What will their prospects be in 2023?

The year 2022 has brought countless surprises and obstacles...

Telegram scams: how they work and how to protect yourself

Telegram has become one of the most widely used...

Trump Saved TikTok from a Ban. The App in the U.S. Moves into American Hands

TikTok narrowly avoided a ban in the United States...

Gulf Brokers Ltd. Review

Comparing spreads, commissions, trading platforms, rules and reading dozens...

Climate Change Poses Major Risks to Financial Markets, Regulator Warns

WASHINGTON — A top financial regulator is opening a...

Forbes: CE Industries Owner Strnad to Invest Part of His Companies into Investment Fund

Jaroslav Strnad, owner of CE Industries and Helicopter Alliance...

Coinomi Review: Is This Crypto Wallet Safe or Falling Behind?

Coinomi is one of the longest-running cryptocurrency wallets on...

crypto4me: regulated crypto service brings easy cryptocurrency purchasing within European license

crypto4me – The European cryptocurrency market has undergone significant...

What Is Volatility and Why It Drives Returns

Volatility is one of the most frequently discussed concepts...

What Is a Crypto Airdrop: How Free Token Distribution Works and How to Profit From It

Crypto airdrops have become one of the most talked-about...

Portfolio Diversification: How to Reduce Risk

Portfolio diversification is often presented as a basic rule...
spot_img

spot_imgspot_img