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South Korea's won fell below 1,300 per U.S. dollar for the first time in 13 years. The move reflected global recession worries and dollar strength, though traders described market sentiment as relatively calm.
A weaker won raises the local-currency cost of imported feed grains and meal, which squeezes Korean feed buyers' margins even if world prices are unchanged.
reuters.comJihoon LeeJun 23, 2022Not 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.
