Animal Proteins – International

 Ruminant MBM trading into China was firm at $480 – 490 this week. The trading range into Indonesia narrowed to $460 – 475. Sources have reported improved demand from the Indonesia market despite a flat bean meal market out of SAM and a relatively flat US bean meal market.

Figure 1.

The ratio of MBM CIF Indonesia is shown against the nearby CME SBM (converted to US$/MT) value for 2010 – 2016 YTD.