Animal Proteins – International

Ruminant MBM trading into China and Indonesia moved higher this week. Higher soybean meal prices and buyers getting ahead of potential supply disruptions are driving the surge in prices. Trading out of the New Zealand market was steady for MBM, Australian prices were mostly steady. Mixed species material in the Australian market was reported as low as A$625, export sales of pure beef were as high as A$740, but the bulk trading was consistent in the…