Meat and bone meal prices into China are unchanged from last week. Prices into Indonesia have been unquoted due to the ban on MBM imports. Sources have reported mounting pressure from the feed industry in Indonesia to reopen trade in the near term.

Meat and bone meal in the Australian market moved lower, trading at $380 – 450 for domestic and export trades. Sources have reported mixed species material trading as low as A$320 DCT. Pressure for lower prices from the export market has pushed poultry meal values to a range of $1030 – 1050 DCT.

The domestic US protein market has been relatively steady this week. There is continued weakness in the pet grade poultry by product meal market, as well as chicken meal, due to slower, seasonal pet food demand. Meat and bone meal prices, both…