Animal Proteins – International

Tight supplies are keeping the MBM values into China and Indonesia steady despite lower priced soybean meal. An overall tightness in feed ingredients, including DDGS are contributing to the higher prices relative to soybean meal in the animal protein market.

Protein values out of the New Zealand and Australian markets were steady this week. Production in the Australian market was up this week with cattle slaughter estimated at just under 130,000 head which is 51 percent higher than last year and 18 percent over the week prior. Production in New Zealand is expected to ramp up over the next few weeks as their…