
U.S. October nonfarm payrolls rose by 165,000, above the 65,000 forecast, while unemployment fell to 4.1% and average hourly earnings increased 0.4% month on month. The report strengthened expectations of a Federal Reserve rate increase in December and pushed the dollar index toward 102.5; oil remained sharply lower for the week despite edging higher that day.
A stronger dollar can weigh on dollar-priced feed commodities and raise their cost for buyers using other currencies. The article describes no direct change in feed supply or demand.
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.