Chinese borrowing retreated amid an economic slowdown, while US producer prices stayed elevated and the US budget deficit widened. US tech stocks also wobbled, and the 10-year Treasury yield was cited at 5.15%.
Slowing Chinese credit growth can weaken demand for imported feed ingredients, while elevated US yields and a wider deficit support the dollar. Both factors add to uncertainty for feed commodity pricing.
After 4,478 past macro events, US Dollar (Broad) moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% to +0.5%), 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.