Animal Proteins – International

MBM prices into Indonesia were up sharply this week. Trading was reported in a range, $470 – 510 CIF with the lower end of the range being composed of US sales and the higher end coming from the ANZ market. Trading into China was higher as well, $490 – 500 CIF.  Sources have commented that Argentine SBM is trading into the Indonesian market at $390 CIF, which has MBM well below the historical ratios at 125%. Demand looks to remains strong as…