(NAFB) A port strike is now in place. Negotiations between the International Longshoremen’s Association Union, representing about 85,000 port workers, and the United States Maritime Alliance employer group, representing about 40 ocean carriers and terminal operators, failed to agree before the contract expired.
And while President Biden doesn’t plan to intervene, Mike Steenhoek with the Soy Transportation Coalition says he could stop it through the Taft-Hartley Act.
Steenhoek says the strike will not impact bulk exports of soybeans and grains.
That is about a five-to-six percent impact on soybean exports. The American Farm Bureau says the strike disruption to overall ag trade is expected to be about $1.4 billion for every week it is not resolved. Steenhoek says the biggest hit will be on meat exports.
Mike Steenhoek of the Soy Transportation Coalition.
