The Australian dollar gained for a third session, rising about 0.5% after the RBA held rates at 3.60% with hawkish commentary. The US dollar weakened on concerns about a looming US government shutdown and Fed caution.
Currency moves shift the relative competitiveness of Australian and US agricultural exports, but this is a routine FX move with limited direct effect on feed prices.
Not enough comparable past events yet for a historical read.
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.