China's central bank pledged to step up counter-cyclical adjustments and expand domestic demand in its third-quarter monetary policy report. It said it would keep borrowing costs low and the yuan broadly stable.
New bank lending also fell in October for the third time this year.
Stronger domestic stimulus could lift demand for feed in China over time, but weak credit and lending suggest the effect will be gradual. Current feed price impact is minimal.
After 991 past macro events, Chinese Yuan (CNY per USD) moved a median -0.0% over 5 sessions (49% higher; middle half -0.3% to +0.3%), and -0.1% 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.