The U.S. Bank Freight Payment Index shows third-quarter shipper spending up 32.1% year over year, the largest annual increase since 2021. The rise is attributed to tightened carrier capacity and diesel prices above $6.50 per gallon nationally.
Higher freight and diesel costs raise delivered feed ingredient costs and squeeze margins for buyers and carriers, supporting the cost base for feed and livestock supply chains.
After 113 past bullish logistics events, ULSD / Diesel moved a median +0.6% over 5 sessions (54% higher; middle half -2.8% to +4.2%), and +0.2% over 20.
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.