Animal Proteins – International

MBM trading into Indonesia moved lower again this week, $380 – 400 CIF. Fewer day old birds and heavy supplies continue to pressure prices lower. Trading into China moved lower as well, down to $420 – 430 CIF. Neighboring markets in Southeast Asia continue to see pressure on pure beef and porcine material due to continued EU material finding its way into the market. The relative price of MBM to SBM continues to sink when looking at US SBM prices…