The Consumer Price Index, an inflation gauge measuring what consumers pay for goods and services, rose 1.3% from May to June to top 9.1%. Prices were up across the economy, with gasoline far outpacing other categories, up 11.2%.
The core of the Corn Belt is forecast to see above-normal temperatures and below-normal rain next week, and it could hit as the crop is in prime pollination.
Continued issues shipping feed and other products via rail are growing more severe — and the fragile U.S. rail system is set to face additional strain starting on Monday. Rail workers go on strike unless President Biden intervenes or the railroads and unions negotiate an agreement.
