Animal Proteins – International

MBM prices into China were down by $10 compared to last week. Indonesian values have fallen to a range of $450 – 460 CIF with heavy US volume hitting the Indonesian market. Pure beef material in the US is quoted as high as $275/MT FOB plant, but values are routinely trading in the range of $240 – 250/MT FOB interior plant . It’s reasonable to expect that weak demand in the US, strong kills and lower prices could continue to pressure the Indonesian…