
About 250 ILWU Local 26 port watchmen at Los Angeles and Long Beach could walk off the job if no contract is reached. The union and the Pacific Maritime Association agreed to extend talks to 5 p.m.
Pacific on November 4, with federal mediators assisting. The terminals handle about 85% of Long Beach cargo and 33% of Los Angeles cargo.
A strike could halt vessel and gate operations at major West Coast terminals, delaying US meat and feed-related export shipments and pressuring live cattle and hog prices through weaker export demand.
After 11 past bearish logistics events, Lean Hogs moved a median +1.6% over 5 sessions (55% higher; middle half -2.7% to +2.5%), and -6.1% over 20.
Not 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.