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Largest supermarket chain in the US is limiting beef and pork purchases over shortages from pandemic

Meat consumers might be faced with some difficult choices in the weeks ahead as the largest supermarket chain the United States signals that coronavirus is negatively impacting the supply of beef and pork.

A representative from the Kroger Company told FOX-59 in Indianapolis that they would have no problem bringing other protein sources to market.

“We feel good about our ability to maintain a broad assortment of meat and seafood for our customers because we purchase protein from a diverse network of suppliers,” the representative said. “There is plenty of protein in the supply chain. However, some processors are experiencing challenges.”

Costco also indicated that they would be limiting purchases of meat to three per customer.

Domestic meat manufacturing plants have seen some of the worst coronavirus cases, causing some to shut down.

At the end of April, President Donald Trump ordered the plants to stay open and had his administration seek policies that would provide liability protections and safety measures for the workers.

Rep. Thomas Massie (R-Ky.) warned in an interview with Glenn Beck that the summer could get “ugly” for meat production.

“I can tell you the price of cattle is going down, meanwhile, the price of beef is going up in the supermarket and is caused because the supply chains are brittle,” Massie said. “We need to change course because by the middle of this summer, if something hasn’t changed, it’s going to be ugly.”

Here’s more about Kroger’s announcement:


Kroger imposing limits on meat purchases in some stores

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Beef Prices Soar To Record High As Meatpacking Plants Shutter

This article was originally published by Tyler Durden at Zerohedge.

Wholesale American beef prices jumped 6% to a record high of $330.82 per 100 pounds, a 62% increase from the lows in February, according to Bloomberg, citing new USDA data.

The surge in beef prices comes at a time when the nation’s food supply chain network has been severely damaged by meatpacking plants going offline due to virus-related shutdowns and worker shortage. Bloomberg highlights the latest plant closures in the map below:

Soaring food inflation came one day after President Trump said he would be issuing an executive order to address meat shortages.

“Because of the virus, meat slaughtering is 40% below where it needs to be to handle all of the animals coming to market, said Arlan Suderman,” chief commodities economist at INTL FCStone.

“Processing plants were generally in favor of the executive order that would give them liability cover when reopening,” Suderman said. “Yet, the order still does not solve the problem of employee absenteeism.” At least 20 workers in meat and food processing have died and 5,000 have tested positive or forced to self-quarantine due to coronavirus, according to the United Food and Commercial Workers International union.

Just days ago, Tyson Foods warned in a full-page ad in the New York Times on Sunday that the “food supply chain is breaking.”

And with tens of millions of Americans out of work, a crashed economy that is plunging into depression, and rapid food inflation — this could all suggest that the evolution of the virus crisis is not just an economic crisis but also social instabilities are ahead.

Bill Gates & Food Corporations Worked To End Livestock Production, Pushed Lab-Grown Meat

Will It Take Food Shortages For People To Stand Up To Tyranny?

 

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