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Strong beef demand lifts Cargill profit for quarter

Chicago | Reuters — Global commodities trader Cargill reported a 14 per cent rise in quarterly profit on Wednesday as strong beef demand and ample supplies of cattle lifted earnings for its animal nutrition and protein segment for a fifth straight quarter. The gains in protein offset a weaker year-on-year result for Cargill’s origination and […] Read more

(Dave Bedard photo)

Cargill posts net profit on special gains; revenue down

Reuters — Global commodity trader Cargill on Wednesday said it turned in a quarterly net profit, boosted by special gains that offset poor results from trading and oilseed processing. Revenue for the privately held company declined for the eighth straight quarter. Minnesota-based Cargill reported net income of $15 million for the fourth quarter ended May […] Read more

(Dave Bedard photo)

Cargill Q1 profit jumps despite commodities slump

Chicago | Reuters — Global commodities trader Cargill Inc. effectively navigated tumbling commodities markets and volatile currencies to turn in a 20 per cent gain in first-quarter profit, the privately held company said Wednesday. The Minnesota-based company’s grain and oilseed supply chain and energy businesses were standouts in the quarter ended Aug. 31, in stark […] Read more