Contract truckload rates have climbed to their highest level since the freight recession ended, while spot rates are trending up again. Diesel prices topped $6.50 per gallon, an all-time record, before easing modestly.
Uncertainty over a reported Russia supply deal, Russian refinery drone strikes and a possible U.S. export ban is clouding the fuel outlook.
Higher diesel and freight rates raise the cost of moving feed ingredients and finished feed by truck. Persistent fuel strength keeps upward pressure on delivered feed costs into Q4.
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.
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.