Loading…
Canada's two major freight railroads shut down operations after a lockout of Teamsters workers at 12:01 a.m. on August 22. Agricultural groups warned that even a short stoppage could cause weeks of supply chain problems, and that livestock feeding and food processing operations could be forced to close.
Canada is the third-largest destination for U.S. farm exports, buying $28.2 billion in 2023.
Fertilizer and grain delivery disruptions raise costs for livestock and feed operators and cut into export flows to a major U.S. farm-goods market. Extended disruption would weigh on feed demand and push up logistics costs.
agriculturedive.comSarah ZimmermanAug 22, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
