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Mexico's peso slipped 0.4% on October 7, 2021 after September inflation came in above expectations and ran past the central bank's target. Bank of Mexico had raised its rate to 4.75% the previous week, and Goldman Sachs expects at least one more hike before year-end.
Colombia's peso rose 0.3% after Moody's revised its outlook to stable from negative and affirmed its Baa2 rating.
Higher inflation and tighter monetary policy in Mexico can weigh on domestic demand for meat and feed and raise import costs. The moves are local financial developments with limited direct effect on global feed prices.
financialpost.comReutersOct 7, 2021Not 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.
