Animal Proteins – International

The CNY holiday has kept the markets fairly quiet this week, but prices did mover higher into Indonesia. Trading was reported up, $485 – 495. Offers are out higher for the next position, north of $500. Sellers are getting support from the higher soybean meal prices, which are trading in the $380/ST or $410/MT range at the CME.

The protein markets out of Australian and New Zealand were sideways. Production in the New Zealand market is running…