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Global meat and bone meal prices rallied after the holiday, with Indonesia trading at $550-705 CIF and trading into China up $20 from the last level. Big jumps in soybean meal futures and difficulty securing shipments drove the move.
Australian protein prices were unchanged.
Higher soybean meal values and shipping difficulties are pushing MBM export prices up, tightening supply for importers in Asia and raising feed protein costs.
thejacobsen.comJan 7, 2021Not enough comparable past events yet for a historical read.
Not 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.
