The dollar-won rate rose to the mid-1,340 won range in Seoul on November 4 after stronger-than-expected US job openings data for September (7.523 million vs. 7.1 million consensus). US Treasury yields rose and the dollar strengthened, while foreign investors were net buyers in currency futures.
Stronger US rate-hike expectations and a firmer dollar raise the cost of dollar-denominated feed imports for South Korean buyers and tend to pressure dollar-priced grain and meal values in local terms.
Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.