Animal Proteins – International

Meat and bone meal prices into China were off $15 from the previous low of $495. Sources have reported that increasing supplies and pressure from the buy side have led to the downturn. Nearby action is still seen at $500 CIF, but those looking at January and beyond are seeing the topside evaporate. Trading into Indonesia was reported steady, with heavy trading within the range at the $475 – 480 CIF level. Buyers reported seeing offers as high as…