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A PGIM executive warned that pressure from President Trump could push the Federal Reserve toward an overly dovish stance. He said cyclical risks to the dollar are skewed to the downside.
A weaker dollar tends to support dollar-priced commodities such as grains and oilseeds, and it can make US exports more competitive. The effect on feed prices depends on how far Fed policy actually shifts.
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.