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Trader Cargill's profits soar on meat, animal feed demand

Reuters  |  CHICAGO 

By P.J. HuffstutterCHICAGO (Reuters) - Cargill Inc's fourth-quarter profit more than doubled, it said on Thursday, as global demand for meat and animal feed soared and commodity market volatility eased a squeeze on the company's trading unit.For its 2018 fiscal year, commodities trader Cargill had the highest year-end net earnings and adjusted operating earnings in its 153-year history, excluding earnings from its investment in fertilizer producer The Mosaic Company, which it exited in fiscal 2011.For the full year, adjusted operating earnings reached $3.2 billion, up 6 percent from fiscal ...

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First Published: Thu, July 12 2018. 23:46 IST