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Supermarkets Set Buying Limits On Meat, Are ‘Confident Supply Will Stabilize’

CBS Boston TV_05-05-20

CBS Boston TV – 05/05/20

Buying limits on meat items are becoming common practice at supermarkets around Massachusetts.

Ken Morris, a retail analyst, says supply is down for meat products while demand is through the roof. “Now we’re going to have people hoarding meats,” Morris said. “That’s going to be a reality.” Morris also said as demand goes up for commodities, Wall Street takes notice. “There’s a lot of money from the stock market that’s gone into commodities, and I think that’s raising prices for the consumer.” “It’s not all on the retailers,” Morris said. “The suppliers are charging more to retailers and they are passing it on to consumers.”

Watch Video: Supermarkets Set Buying Limits On Meat, Are ‘Confident Supply Will Stabilize’