Port strikes could be worse than the pandemic for the U.S. feed sector

Published 2024년 10월 3일

Tridge summary

The ongoing port strikes on the US East and Gulf Coasts are severely disrupting the US feed manufacturing industry, with potential financial losses, job cuts, and threats to animal health due to delays in essential inputs. The American Feed Industry Association warns that prolonged strikes could lead to losing foreign customers and increased costs for farmers and pet owners. The strikes, stemming from failed negotiations between the United States Maritime Alliance and the International Longshoremen’s Association, threaten soybean and poultry exports, worsening storage shortages and lowering prices. The Port of Savannah, crucial for East Coast poultry exports, is particularly affected, impacting upstream suppliers of feed ingredients like corn and soymeal. The AFIA urges the Biden administration to intervene, highlighting the broader economic implications and the need for a swift resolution.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

US feed manufacturers may suffer severe financial impacts due to the ongoing port strikes along the East and Gulf Coasts, which began on Tuesday. The American Feed Industry Association (AFIA) warns that if the labor dispute continues, the sector risks losing foreign customers and may be forced to cut jobs. The AFIA also cautioned that delays in receiving critical inputs—such as vitamins, minerals, amino acids, and micronutrients—could jeopardize animal health and increase costs for farmers and pet owners. The port strikes follow the breakdown of negotiations between the United States Maritime Alliance (USMX) and the International Longshoremen’s Association (ILA). “US animal food manufacturers face a dire trading situation that mirrors – or could be worse than – the days of the COVID-19 pandemic,” commented AFIA CEO, Constance Cullman. With reduced access to imports of essential ingredients, packaging materials, equipment or other goods, production of animal food may be limited at ...

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