Animal Proteins – International

Ruminant MBM trading into Indonesia was done as high as $520 this week. A lack of access to Australian material has pushed prices higher. Buyers again are talking reformulations with soybean meal prices suggested in a range of $380 – 390 CIF Indonesia. Day old chick numbers were reported lower, which may pressure the demand side lower in the coming weeks. Again, the lack of access to Australian material has given sellers significant leverage and the…