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Fed Governor Dudley said there is a low chance the Fed will choke off the economic expansion soon. He also said a stronger dollar should hold back large price increases for goods and services.
Steady US growth supports demand, but a stronger dollar limits US commodity competitiveness abroad. Feed prices are only indirectly affected.
After 4,478 past macro events, US Dollar (Broad) moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.1% over 20.
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.