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rising prices |
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With corn supplies tightening fast, rising prices will affect not only production made directly from corn, such as breakfast cereals, but also those produced using corn, including milk, eggs, cheese, butter, poultry, pork, beef, yogurt and ice cream. High and rising prices for raw materials and an increase in selling, general and administrative expenses were the chief reasons for the decline in profitability. Despite rising prices that have put the squeeze on companies' bottom lines, an index of California employment conditions released last week showed "the job picture remains strong, even nudging up slightly in the second quarter. |
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