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The Australian and New Zealand dollars fell as the US dollar strengthened on expectations of higher-for-longer Fed rates. Softer Australian inflation and a slump in New Zealand business confidence added to the pressure.
This is a currency move driven by rate expectations with no direct link to feed supply or demand, so its effect on feed prices is negligible.
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.