Animal Proteins – International

Trading into Indonesia and China were flat this week with some light volume reported above and below the $370 – 390 range into Indonesia. The trend seems to be moving higher, however with more trading starting to shift towards the upper end of the range. Values for MBM into Indo remain very strong compared to soybean meal at 143%. The poultry industry has seen its stocks reduced drastically and this has decreased demand at a time when US and AUS…