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Fastmarkets assessed meat and bone meal, bovine, export, CFR Indonesia at $455-465 per tonne for the week, down from $465-480 in mid-January. Market sources cited underlying price pressure from lower US MBM prices, while Australian, New Zealand and Chinese markets were flat.
Lower US MBM prices are transmitting into Asian export markets, weighing on global MBM values and reinforcing a bearish outlook for protein meal pricing.
thejacobsen.comFeb 13, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
