Global feed production is at an all-time high. In the 2019 Global Feed Survey, Alltech estimates a 3% growth to 1.068 billion metric tons of feed produced.
While still negotiating with Canada and the US, Mexico scored a separate victory over the weekend with a deal in principle to update a 17-year-old free-trade agreement with the European Union.
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.