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The Australian dollar hit a three-month low near 0.6867 as the yield spread over US Treasuries narrowed sharply. The RBA's June minutes showed officials still see upside inflation risks and that another hike is on the table, but also highlighted housing concerns.
A narrowing rate differential and firmer US dollar push the AUD lower, which affects the cost of Australian exports priced in USD. The impact on feed prices is indirect and modest.
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.