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Asia-to-US West Coast spot container rates fell 1% to $8,245 per FEU and Asia-to-US East Coast rates fell 2% to $9,708 per FEU, according to Freightos' November 10 update. Rates remain more than double year-ago levels as peak season winds down.
Container freight is largely irrelevant to bulk feed ingredients, so the easing has limited direct price impact, though it signals softening freight 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.