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The Mexican peso weakened by as much as 0.9% to 17.8167 per dollar on the morning of August 23, 2017. The slide began during Trump's Tuesday-night campaign rally in Phoenix and continued for several hours.
A weaker peso makes Mexican exports cheaper and can affect Mexican feed demand and import costs for grains and meal priced in dollars. The move is a short-lived currency reaction to political rhetoric, so the effect on feed prices is limited.
businessinsider.comElena HolodnyAug 23, 2017Not 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.
