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Spot truckload rates for van and reefer reached all-time highs in September 2020, according to DAT. The Truckload Volume Index rose 6.1% month over month and was 13% above September 2019.
Record spot trucking rates raise the cost of moving feed ingredients and finished feed by road, which can lift delivered feed prices.
Not enough comparable past events yet for a historical read.
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.