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Mexico's S&P/BVM IPC stock index had fallen 18% since its post-election peak on August 28, and the peso had lost about 8% against the dollar. Lopez Obrador said in an interview that the market drop was part of the reason for his comments.
Investors were reacting to uncertainty ahead of his inauguration.
Political uncertainty and peso weakness raise the cost of dollar-priced feed imports for Mexican buyers, while the risk of policy shifts adds volatility to Mexican feed demand expectations.
reuters.comDave GrahamDec 1, 2018Not 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.
