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The rupiah closed up 86 points (0.47%) at Rp18,082 per US dollar on Thursday, November 5, after the US midterm elections weakened the dollar. Analysts also cited lower oil prices and Indonesia's better-than-expected economic growth.
A stronger rupiah reduces the local cost of imported feed inputs, while lower oil prices ease Indonesia's energy import bill. The move is macro-driven rather than a change in feed supply or demand.
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.