West Coast Port Strife Diverts Meat Exports - U.S. Carnivores to See Cheaper Prices?
By: Maritime Executive 02.24.2015
U.S. Carnivores U.S. meat exporters caught in the middle of the West Coast port labor standoff diverted millions of pounds of chilled pork and beef into cold storage facilities over the last few weeks, creating an oversupply of meat, analysts said.
Redirected protein shipments come as frozen inventories are starting to build ahead of the spring grilling season and the summer season for bacon, lettuce and tomato sandwiches.
A contract dispute between the dockworkers union and shipping lines has led to months of cargo backups at 29 U.S. West Coast ports.
Already-burdensome meat supplies are pressuring wholesale prices, particularly for pork. Shoppers could see added savings the longer dock negotiations drag on, analysts said.