Animal Proteins – International

Protein prices into Indonesia were flat with last week, although there was light volume reported above the $500/MT threshold. Demand continues to be strong amidst the rising soybean meal prices. Sellers may be stepping back a bit in hopes of pushing the market more aggressively higher. Trading into China was done at higher prices, $520- 535 CIF.

The Jacobsen’s soybean analyst, Tore Alden, has reported that the soybean meal market is being…