Global MBM Prices Continue to Trade Higher

Global MBM Prices Continue to Trade Higher

Meat and bone meal prices into the China were steady this week. Most sellers reported a quiet market due to the Golden Week celebrations. Trading into Indonesia was up $10 CIF on the topside, but the bottom end of the range remains in place. US sellers have found strong resistance in their push to move prices higher ex-US.

Meat and bone meal prices moved higher into and out of Australia. A surging soybean meal market and tighter production have pushed values as high as A$710, but the bulk of trading this week was in the $600 – 680 MT range for export and $580 – 640 for domestic. The strong export demand continues to move the New Zealand market higher, trading was done at higher levels for 45 and 50 pro MBM…

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