
Diesel averages nearly $5.50 per gallon, up from $3.76 before the war, according to AAA. Shippers have added surcharges, and the US Postal Service introduced a temporary 8% charge on some services.
Higher energy costs from the Iran war raise transport and surcharge costs across supply chains. This feeds through to the cost of moving feed ingredients.
After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.
After 105 past bullish macro events, ULSD / Diesel moved a median -0.4% over 5 sessions (45% higher; middle half -3.4% to +1.8%), and +1.2% 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.