
The dollar reached a 19-month high as markets reassessed the Fed's rate path after October CPI rose 0.4% month on month and core CPI rose 0.3%, both above forecasts. Producer-price inflation accelerated to 6.5% year on year, its highest in nearly four years.
Higher Treasury yields and hawkish Fed commentary supported the dollar.
Persistent inflation and expected Fed tightening keep the dollar strong, which pressures dollar-priced grains, oilseeds and feed ingredients and can ease import costs for buyers outside the US. Higher rates also raise financing costs for the feed supply chain.
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.