
U.S. core PCE inflation rose to 3.1% from 3.0%, while employment data also strengthened. Federal Reserve officials Mary Daly and John Williams said inflation remained above the central bank's 2% target, amid discussion of another rate increase.
The prospect of tighter U.S. monetary policy could support the dollar and increase the cost of dollar-priced feed imports for buyers using other currencies. The article gives 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.