31. The drop in retail buying and the production cutbacks may be having an effect on the hog market. 32. The poultry industry, too, has announced production cutbacks to save on feeding costs. 33. The price of oil has been moving up all week as comments from OPEC members suggested that they would agree to extend the production cutbacks. 34. The question now is whether the production cutbacks will be accompanied by layoffs that will make consumers even more reluctant to spend. 35. The planned production cutbacks drove down stocks of auto makers. 36. The size of such inventories implies that production cutbacks lie ahead when consumer demand slackens, as it must, economists said. 37. The spike in prices, which the production cutbacks are intended to continue, has had a ripple effect on a broad range of petroleum derivatives. 38. While the number of job cuts exceeded most estimates, analysts said the production cutbacks were smaller than expected and appeared to mark a bottom for Boeing. 39. OPEC and non-OPEC members subsequently agreed on a series of production cutbacks which raised the price. 40. OPEC has agreed to two production cutbacks since prices began falling last year, but the downward slide has continued. |