Tag Archives: Producers

U.S. dairy producers feel pinch from inflation, severe weather

U.S. dairy producers feel pinch from inflation, severe weather

As the U.S. nears a potential recession, dairy producers are finding themselves impacted by both inflation and severe weather. “There’s certainly been a lot of talk about the inflation at the shelf and food prices,” Tillamook County Creamery Association CEO Patrick Criteser told Yahoo Finance Live (video above). “And there should be because that’s an 8-12% — even higher in some categories — increase in costs year-over-year that’s impacting families.” Although inflation in the… Source link

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Oil Wobbles as Offshore U.S. Producers Assess Damage After Ida

Oil Wobbles as Offshore U.S. Producers Assess Damage After Ida

(Bloomberg) — Oil flipped between small gains and losses as U.S. offshore producers assess damage from Hurricane Ida and as investors focus on an OPEC+ meeting that will likely lead to a further output revival. Futures in New York earlier fell as much as 1.6% Monday. Gasoline futures spiked more than 4% earlier in the session before paring its advance. While Gulf of Mexico producers had shut in about 1.7 million barrels a day of crude output ahead of the storm, refineries in Louisiana may be… Source link

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