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The US Dollar Index climbed above 103 toward a 19-month high after October CPI rose 0.4%, above forecasts. Two-year Treasury yields jumped about 32 to 34 basis points over the week, and Fed officials signaled further tightening.
A dollar at multi-month highs makes dollar-priced feed ingredients costlier for emerging-market buyers, dampening demand and pressuring grain and meal prices.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.