
Security workers at the Los Angeles and Long Beach ports have threatened to strike if no contract is agreed this week. The US Meat Export Federation says about two-thirds of waterborne beef exports and half of waterborne pork exports pass through West Coast ports, and congestion is already building in Southern California.
Possible disruption to red meat and pork export shipments could reduce demand for US livestock and hog products and add freight costs, with a more serious effect if longshoremen also refuse to cross picket lines.
After 29 past bearish logistics events, LCATTLE moved a median -0.3% over 5 sessions (38% higher; middle half -2.0% to +0.5%), and -3.7% over 20.
After 11 past bearish logistics events, 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.
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.