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Hog Outlook: Port dispute causes serious headaches

For several weeks there has been a slowdown in activity at west coast seaports because of a dispute between the Pacific Maritime Association and the International Longshoreman and Warehouse Union. This is causing serious problems for U.S. meat exporters and has the potential to become a crisis. Containers of meat destined for export are piling up and growing old at west coast docks.

Markets

Natural gas prices fall

Natural gas spot prices fall at most locations. After prices rose in trading last Thursday, with forecasts of warmer temperatures and a three-day holiday weekend, prices across the country fell on Friday.

Industry

Deere to cut more than 900 U.S. workers as farm economy weakens

Deere & Co (DE.N), the world's largest maker of farm equipment, will lay off more than 900 employees at plants in Iowa and Illinois in the latest round of job cuts spurred by a decline in grain prices that is hurting demand for agricultural machinery.

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