# The Floating Traffic Jam That Freaked Us All Out

> A queue of container ships waiting at a Chinese port included a vessel carrying 7.3 million pounds of canola meal pellets from Yihai Kerry. The delay was worsening feed shortages for US livestock producers.

- Date: 2024-06-02 · published 2024-06-02T12:00:00.000Z
- Category: logistics · region China · magnitude low
- Page: https://feedsoft.ai/events/29737-the-floating-traffic-jam-that-freaked-us-all-out
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Delayed canola meal shipments tighten nearby US supply and support meal prices while the backlog lasts.

## Read by commodity

- CANMEAL: bullish ▲
- OCEANFRT: bullish ▲

## Sources

- nytimes.com: https://www.nytimes.com/2024/06/02/business/economy/covid-pandemic-global-supply-chains.html

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