# Cattle mixed ahead of possible port strike - CME
						 | The Cattle Site

> CME lean hog futures closed mostly lower while cattle futures ended mixed as traders awaited a possible strike at US East and Gulf Coast ports. The International Longshoremen's Association contract expires with talks at an impasse over pay, with strike action possible from Tuesday.

- Date: 2024-09-30 · published 2024-09-30T12:00:00.000Z
- Category: logistics · region US · magnitude medium
- Page: https://feedsoft.ai/events/28431-cattle-mixed-ahead-of-possible-port-strike-cme-the-cattle-site
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

A port strike would disrupt container exports of beef and pork, reducing export demand and pressuring domestic livestock prices, while also raising logistics costs.

## Read by commodity

- HOGS: bearish ▼
- LCATTLE: bearish ▼
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2020-04-22 | [Reduced production affects cattle markets](https://feedsoft.ai/events/53775-reduced-production-affects-cattle-markets.md) | -6.1% | +8.8% |
| LCATTLE | 2019-08-13 | [Cattle futures sink to multiyear lows as Tyson plant fire hangs over market \| Financial Post](https://feedsoft.ai/events/7604-cattle-futures-sink-to-multiyear-lows-as-tyson-plant-fire-hangs-over-market.md) | -4.8% | -9.9% |
| LCATTLE | 2019-08-21 | [Markets see major movement after Tyson plant fire - Progressive Cattle \| Ag Proud](https://feedsoft.ai/events/57734-markets-see-major-movement-after-tyson-plant-fire-progressive-cattle-ag-proud.md) | +1.6% | -4.3% |
| LCATTLE | 2025-11-24 | [Tyson Foods to close major US beef plant as cattle supplies dwindle](https://feedsoft.ai/events/6868-tyson-foods-to-close-major-us-beef-plant-as-cattle-supplies-dwindle.md) | +1.3% | +5.8% |
| LCATTLE | 2021-09-15 | [Feeder Cattle Price Seasonality \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/45197-feeder-cattle-price-seasonality-ohio-beef-cattle-letter.md) | -1.0% | -0.4% |
| HOGS | 2023-07-11 | [Pork sector calls for essential service status amid B.C. port strike - AgCanada](https://feedsoft.ai/events/35056-pork-sector-calls-for-essential-service-status-amid-b-c-port-strike-agcanada.md) | +3.3% | +4.0% |
| HOGS | 2024-08-22 | [Grain farmers and pork producers bearing the brunt of rail stoppage - The Globe and Mail](https://feedsoft.ai/events/28833-grain-farmers-and-pork-producers-bearing-the-brunt-of-rail-stoppage-the-globe.md) | +2.9% | +1.9% |
| HOGS | 2020-05-04 | [COVID debate: What to do with all the dead animals? - E&E News by POLITICO](https://feedsoft.ai/events/53294-covid-debate-what-to-do-with-all-the-dead-animals-e-and-e-news-by-politico.md) | +10.2% | -6.1% |

## Sources

- thecattlesite.com: https://www.thecattlesite.com/news/cattle-mixed-ahead-of-possible-port-strike-cme

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.