
ING analysts say the dollar has softened after the Democratic sweep of the US midterm elections, though losses were pared as Nasdaq futures stabilized. They cite a resilient US economy and at least one more Federal Reserve rate hike as limits on dollar weakness, while seeing scope for further dollar softness into 2027.
A weaker dollar tends to support dollar-priced commodities and can improve import demand from buyers with weaker currencies. The effect on feed ingredient prices is modest and mostly through currency and rate expectations.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), 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.