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.
Cargill announces that it will invest more than $15 million in a new piglet feed production line in Tianjin, China. The expansion will provide early life nutrition options for Chinese customers and their animals.
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.