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Global meat and bone meal prices rose, with Asian trading into Malaysia, Vietnam and Taiwan at $540-560 CIF. Australian MBM topped out at AUS$700 as slaughter ran about 24% below year-earlier levels, and US export prices crept higher on strong importer demand.
Tighter ruminant slaughter and firm soymeal values are lifting MBM as a protein substitute, supporting feed buyers' protein costs.
thejacobsen.comRyan StandardNov 5, 2020Not 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.
