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The Mexican peso gained ground on Tuesday, with the dollar trading near 18.61 pesos, down about 1.04% from the previous close of 18.81. The move comes as markets watch the US midterm elections and Middle East tensions.
The peso has appreciated about 0.49% over the past seven days.
A stronger peso lowers the peso cost of imported feed ingredients for Mexican buyers. Its direction on this day is small and does not change the broader feed cost outlook.
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.