Animal Proteins – International

Trading into the Indonesia and China markets was flat with the last reported trades. Sellers in the US are moving product at the $440 CIF end of the range while ANZ sellers are seeing sales at $470 CIF and above. The US supply situation, up until this week, had been very loose and sellers were happy to get $440 landed into Indo with a $240 – 265/MT FOB market in the interior. ANZ sellers are in a cyclical trough for cattle slaughter and don’t need to…