
October consumer prices rose 0.4% and core prices rose 0.3%, both above forecasts. The two-year Treasury yield jumped 17 basis points to 4.73% and the 10-year reached 4.98%.
The dollar index hit a new 52-week closing high while gold, silver and platinum fell.
Higher US yields and a stronger dollar tend to weigh on dollar-denominated commodity prices and raise borrowing costs for feed-sector inventories and trade finance. The dollar's strength also changes competitiveness of US feed ingredient exports.
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.