Animal Proteins – International

MBM trading into China and Indonesia moved lower over the past week. Sellers are now targeting the post Ramadan market in Indonesia. The market post-Ramadan is typically sluggish and this combined with heavy US production has eased prices into a range of $470 – 480. Sellers are offering June/July packages in order to keep product moving. Demand is present from China, but sellers have reported that buyers see the slowdown in Indonesia and are…