About 250 watchmen at the Los Angeles and Long Beach ports may walk off the job at 5pm Pacific on Wednesday if contract talks fail. The Pacific Maritime Association says a stoppage would affect 85% of Long Beach container traffic and 33% of Los Angeles traffic, and other ILWU members may refuse to cross picket lines.
A broader port shutdown would slow US export loadings of meat and grain and add to existing congestion, raising freight costs and widening spreads for US export-linked feed ingredients.
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.