Animal Proteins – International

MBM prices into Indonesia and China were lower this week. Trading into China topped out at $470 CIF and the range into Indonesia was $440 – 455. Demand from Indonesia has slowed, both because of the Eid holiday, but an overall lack of need for product as well. Buyers put on good volume before the holiday and are riding those stockpile. A reduction in day-old chicks has dampened the need for feed, thus limiting interest in MBM. The lower demand is…