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Rising diesel prices are putting new pressure on trucking companies already struggling with a weak freight market. Diesel makes up 30% to 40% of an average fleet's spending, according to the American Transportation Research Institute.
Higher diesel raises trucking costs for moving feed ingredients and grain, which can widen basis and delivered feed prices.
wsj.comJennifer SmithDec 12, 2016After 113 past bullish logistics events, ULSD / Diesel moved a median +0.6% over 5 sessions (54% higher; middle half -2.8% to +4.2%), and +0.2% 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.
