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US Port Disputes Disrupting Meat Imports

22 December 2014
Meat & Livestock Australia

US - Disputes over port terminal access on the west coast of the US have caused disruptions and delays to container movements, including imports of Australian meat products.

According to Meat and Livestock Australia, importers have been working to ensure the delays are as short as possible.

The majority of Australian meat, however, is shipped through the port of Philadelphia, on the east coast.

There have been huge volumes of Australian and NZ meat moving through Philadelphia in the last couple of months, and warehouses in the area are reportedly at or near full capacity.

Over the next few weeks, problems over capacity at the ports could make it harder to negotiate and with holiday closures taking place while ships continue to come to the port could see more meat products arrive for customs clearance and find problems reaching the market.

Exporters could face a build-up of product in the ports if the situation continues according to MLA.

At the same time, a sharp drop in cattle futures over the first half of December has resulted in the Chicago Mercantile Exchange increasing the daily price movement limit to aid in price discovery.

Feeder cattle futures for delivery through much of 2015 have met the daily limit of 3US¢/lb for five consecutive days, suggesting lower feedlot demand for cattle in 2015 than previously expected.

TheMeatSite News Desk



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