A strike at some of the nation’s busiest ports will likely be avoided. Dock workers and the U.S. Maritime Alliance say they have reached a deal with the help of the incoming Administration.
In a joint statement, the two parties said they have come to an agreement on all items in the new six-year contract, but they are not releasing any details. Automation was a major sticking point in negotiations, but leaders on both sides say the deal will protect jobs will advancing technology on docks. Union President Harold Dagget says talks took a turn after meeting with President-elect Trump, and says he gives Trump full credit for the agreement.
A strike was set to begin January 15th.
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Corn and beef exports showed strong momentum, cotton sales surged, and soybean sales held steady, though China remains absent from the U.S. market.
Cheaper freight is helping exports move, especially corn, but weaker soybean demand looms large.
Disease risks remain a key factor to watch heading into fall.
U.S. aquaculture may gain competitive ground as harmful subsidies are phased out abroad, but producers should monitor shifts in import supply chains and trade enforcement closely.
Producers may need to prepare for margin pressure in livestock feeding, while dairy farmers could benefit from stronger product demand.
Farmers await concrete trade commitments from China. Until then, export prospects for soybeans, corn, and sorghum remain uncertain against strong South American competition.
