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Analysts say the Mexican peso has strengthened steadily since Trump's inauguration, helped by central bank hedging and expectations that NAFTA will survive. Lower US Treasury yields have also supported the peso.
Economists warn that Mexico still faces substantial headwinds even if US rates rise.
A firmer peso lowers the local cost of imported feed ingredients, but the economic headwinds could weigh on Mexican livestock demand. The price effect on feed is modest.
forbes.comKenneth RapozaApr 12, 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.
