Overnight, base metals mostly fell on LME and SHFE, with LME copper down 1.74% and LME nickel down 1.98%. COMEX silver fell 2.83% to an intraday low of $48.405/oz, and gold posted a weekly decline of 4.6%.
The report cites a hot US October producer price index and expectations of rate hikes, with a stronger dollar weighing on precious metals.
Feed buyers see little direct effect from base metals, but a firmer dollar and hawkish rate expectations weigh on commodity prices broadly and can make US-priced feed imports more expensive for importers in weaker currencies.
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.