
The US Producer Price Index rose 0.3% in October, down sharply from September's 1.4% surge, but is up 6.5% over the year. Truck transportation costs climbed 3.9% in October and are up nearly 25% year on year, while producer food prices rose 1.3%.
Higher trucking and input costs raise the cost of moving and processing feed ingredients, supporting upward pressure on delivered feed prices even as diesel retreats from its peak.
After 11 past neutral macro events, ULSD / Diesel moved a median +1.8% over 5 sessions (64% higher; middle half -0.6% to +4.1%), and +3.9% 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.