Animal Proteins – International

Prices across the globe moved lower on demand uncertainty and lower energy prices. Crude oil, heating oil, gas oil and gasoline prices have all traded sharply lower over the last month and despite the support from the credit and double counting markets, biofuels producers have seen their margins erode. Used cooking oil prices are off sharply into the EU and out of China. Export activity has started to resume out of the China market, but buyers in the…