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The EIA reported the US national average diesel price fell 1 cent to $5.61 a gallon for the week ending May 16, with the Midwest and Gulf Coast declining while New England rose 9.2 cents. DAT spot truck rates continued to slide as load postings fell.
Softening diesel prices and falling spot truck rates reduce trucking costs for feed delivery. The easing trend is modestly bearish for feed transport costs.
overdriveonline.comOverdrive StaffMay 17, 2022Not 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.
