Contacts called the animal protein market unsettled for Wednesday on accounts of limited trade and several participants on vacation following the holiday weekend. Light volume continued to be witnessed inside and outside the set ranges due to hand-to-mouth needs at the end of May.

Pressure was indicated for meat and bonemeal, bloodmeal, feathermeal at the high end of the range. This has tightened several regions for each item and dropped the high end for all three for the week. The continued depression of the soy complex has led to a higher relative value to soymeal on several proteins, creating buyer hesitation and pushback.

On May 22^nd, Brazil declared a state of emergency due to the large increase in HPAI cases affecting wild birds. No cases have been detected as of yet in the commercial sector. However, with Brazil being the largest chicken exporter in the world, the mobilization of funds is to ensure resources and training go towards…