Gold fell on Friday but remained on track for a weekly gain of more than 5%, its strongest since August, after the US midterm election result weakened the dollar and Treasury yields. Investors also weighed equity-market losses and possible changes in US fiscal and monetary policy; the dollar index edged up 0.1% on Friday.
A weaker dollar can support dollar-denominated commodity prices, including imported feed inputs, while currency swings affect buyers’ costs. The article reports no direct change in feed supply or demand, so any feed-market effect is indirect.
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.