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A 41-day strike at Cargill's Dunlop beef plant in Guelph, Ontario, appears to be over. Industry groups are calling for better access to processing and risk insurance against future disruptions.
Local plants partly offset the backlog, though some cattle were moved to other facilities.
The strike ending eases pressure on Ontario cattle backlogs, and cattle prices remain largely driven by tight supplies.
farmtario.comDiana MartinJul 19, 2024After 40 past logistics events, Live Cattle moved a median -0.3% over 5 sessions (45% higher; middle half -1.4% to +1.4%), and -1.9% over 20.
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.
