Following up on Wednesday’s trade agreement progress with China, the US Senate approved the revised trade agreement with Canada and Mexico (USMCA) on Thursday [January 16]. The development was welcomed the US feed sector.
US feed industry organizations and feed grower groups are applauding progress toward a final ratification of a revamped North American trade deal, which if passed by Congress, could improve market access and US competitiveness.
Global feed prices are expected to stay relatively neutral in 2020; there are ample supplies that should keep feed prices at reasonable levels, says Rabobank. It released its annual global animal protein outlook today.