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The Mexican peso rose 0.95% to 17.42 per dollar, its strongest level since May 2016. The currency has gained nearly 11% against the dollar over the past year.
A stronger peso reduces the peso cost of dollar-priced feed ingredients such as corn and soymeal imports, supporting Mexican feed margins.
reuters.comNoe TorresMay 15, 2023Not 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.
