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US consumer sentiment weakened, and the Federal Reserve has raised its benchmark rate by 525 basis points since March 2022 to 5.25%–5.50%. A strong dollar is cited as depressing prices of non-petroleum products, helping to slow inflation.
A firm dollar and high policy rates weigh on dollar-priced commodities and reduce demand from import-dependent markets. The effect on feed prices is an indirect headwind.
reuters.comLucia MutikaniOct 13, 2023After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
