Animal Proteins – International

Bovine MBM prices into China took a turn lower, trading at $470 – 490 this week. Action into Indonesia was quiet with the Ramadan holiday starting this week. Price indications were steady. The relative price of bovine MBM to SBM has been lower than typical in 218. Strong kills and heavy competition from the US sellers have likely contributed to this downturn, but there is optimism for higher prices, post Ramadan, due to the low relative price. Give…