The House successfully passed legislation to prevent a rail strike. They adopted a September 15th deal reached between railroad union works, freight rail companies, and the White House.
This includes a pay increase of 24 percent over five years as well as a $5,000 bonus for workers.
They also passed legislation to add 7 days of paid sick leave.
The Senate still has to vote on all of this.
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One trader said the products entering the U.S. are primarily grind and trim, noting that the volume and type of beef, on its own, should not cause a major disruption. However, he says fund traders are reacting heavily to headlines rather than market realities.