Animal Proteins – International

MBM prices into Indonesia moved lower this week with trading reported $510 – 540. Small volume was done as low as $495 CIF. Trading into China was flat with last week’s report. Buyers in Indonesia are pushing back on the higher prices citing fewer birds on feed and an inability to create positive margins with feed prices pushing closer to the $550/MT mark.

MBM prices out of Australia are up, AUS$580 – 620 DCT as are domestic values, AUS$540 -…