
The Federal Reserve cut its benchmark rate by 25 basis points to 4%–4.25% on September 17, 2025, with a 11-1 vote. Officials pointed to labour-market weakness and penciled in two more cuts this year, while inflation remained somewhat elevated.
A weaker dollar after the cut tends to support dollar-priced commodities, and the signal of more easing adds a modest tailwind. The impact on feed prices is limited relative to crop and trade fundamentals.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), 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.