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US on-highway diesel averaged $2.605 per gallon for the week ending August 28, the first time above $2.60 in over two years. Prices rose in all regions except the Midwest, with California the most expensive.
Rising retail diesel raises the cost of hauling feed ingredients and grain, which feeds into delivered feed prices. The increase reflects the Harvey-related fuel tightness.
Not 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.