# Global MBM Prices Rally Post Holiday

> 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.

- Date: 2021-01-07 · published 2021-01-07T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/49259-global-mbm-prices-rally-post-holiday
- Commodities: [Meat & Bone Meal](https://feedsoft.ai/c/MBM.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Higher soybean meal values and shipping difficulties are pushing MBM export prices up, tightening supply for importers in Asia and raising feed protein costs.

## Read by commodity

- MBM: bullish ▲
- SBM: bullish ▲

## Sources

- thejacobsen.com: https://thejacobsen.com/2021/01/07/global-mbm-prices-rally-post-holiday/

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