# SBM Market Pressures MBM Prices Lower - The Jacobsen

> Meat and bone meal prices into Indonesia fell $10 from the prior week's high of $650 CIF, with New Zealand export values down NZ$30 and Australian export prices down A$15. The declines followed lower soybean meal prices and strong Indonesian inventories ahead of Ramadan.

- Date: 2021-03-25 · published 2021-03-25T12:00:00.000Z
- Category: market · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/48242-sbm-market-pressures-mbm-prices-lower-the-jacobsen
- Commodities: [Meat & Bone Meal](https://feedsoft.ai/c/MBM.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Softer soymeal and ample Indonesian stocks weigh on animal protein export prices, which feed buyers in Asia will see as slightly cheaper protein. Australian prices held down despite tight supply, so the pressure is mainly demand-side.

## Read by commodity

- MBM: bearish ▼
- SBM: bearish ▼

## Sources

- thejacobsen.com: https://thejacobsen.com/2021/03/25/sbm-market-pressures-mbm-prices-lower/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.