Europeans may have to pay more for barbecues this summer as African swine fever decimates hog herds around the world. Producers in the European Union are the big winners, with sales to China climbing 43% through May.
Germany said any escalation of U.S. tariffs on metal imports into a full-blown trade war could cause tangible damage to the global recovery, although the tariffs themselves should have only a limited effect.
An outbreak of classical swine fever (hog cholera) has been reported in a remote region of Brazil on Oct. 6. The Brazil agricultural ministry says the discovery will have no impact on hog health or pork exports.