European Union pig farms are missing out on a boom in U.S. prices after Russia banned imports from the 28-country bloc, spurring Brussels to file a World Trade Organization case today after talks to reopen trade failed.
President Barack Obama defended a proposed U.S. trade deal with the European Union against charges it might weaken environmental standards and consumer protection, saying he wouldn’t allow that to happen.
China Mengniu Dairy Co., the country’s largest dairy producer, posted profit that beat analyst estimates last year as Chinese demand rose for liquid milk and milk beverages. The stock surged the most in 10 months.
Chinese authorities pulled 131 dead pigs from a river that provides drinking water to a city of almost 5 million people, prompting new health concerns a year after thousands of dead hogs were found in a Shanghai waterway.