
The one-month won-dollar non-deliverable forward ended at a level implying an 8.05-won rise against the previous spot close. The move followed US October payroll growth of 165,000, well above expectations of 70,000, which also lifted market-implied odds of a December Federal Reserve rate increase.
A stronger dollar can raise the cost of dollar-priced feed imports. The reported currency move reflects macroeconomic expectations rather than a change in agricultural supply or demand.
Not enough comparable past events yet for a historical read.
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.