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C.H. Robinson reports that US truckload capacity has tightened unevenly, with California and the Southwest showing the sharpest rate increases beyond normal seasonality.
The Pacific Northwest stays tight on seasonal harvest demand, while the Upper Midwest has leveled off.
Tighter truckload capacity and rising rates raise the cost of moving feed ingredients and finished feed in the US, especially on the West Coast.
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.