Animal Proteins – International

Protein prices into China were flat this week, but did move lower into Indonesia trading at $370 – 400 CIF. Offers for September were reported as low as $360, but thus far no trading has been reported. Fewer day old chicks and heavy competition amongst well supplied sellers has pushed the market lower, but given the very favorable ratio to bean meal, prices should start to stabilize. The influx of very cheap EU material has also had a chilling impact…