Cargill-44% Profit Jump

[Made in the USA]

Ag demand drives up Cargill profit
Associated Press

WAYZATA, Minn. - Agribusiness conglomerate Cargill said today that its second-quarter profit jumped 44 percent amid strong demand for food commodities.

Cargill said it earned $954 million during the quarter ended Nov. 31, up from $662 million during the same period last year. That brings its first-half earnings to $1.87 billion, up 61 percent from $1.16 billion for the first half of its prior year.

Cargill is one of the world's largest privately held companies and discloses limited quarterly financial information. Cargill makes food ingredients, moves commodities around the world and runs financial commodities trading businesses, and has 158,000 workers in 66 countries. Cargill Meat Solutions is based in Wichita.

"Today we are moving bigger volumes of commodities, through more facilities, at higher utilization rates and over longer distances," Greg Page, Cargill chairman and chief executive, in a statement.

Cargill said four of its five segments saw an increase in second-quarter profits. It said the biggest contribution came from its origination and processing segment, which buys, processes and distributes agricultural commodities. Cargill's industrial segment also benefited from global demand for fertilizers.

Profits also grew in its segments for food ingredients and agricultural services. Profits in its segment for risk management and financial trading were "moderately below" last year's results, the company said.

Poor Cargill is just barely making it! Better cut the hours back some more at Excel!

[jeezeweeze]

Profits also grew in its segments for food ingredients and agricultural services. Profits in its segment for risk management and financial trading were "moderately below" last year's results, the company said.


So they are the ones that are poisoning us with who knows what ingredients.

[Tony Clams]

Originally Posted by jeezeweeze

Profits also grew in its segments for food ingredients and agricultural services. Profits in its segment for risk management and financial trading were "moderately below" last year's results, the company said.


So they are the ones that are poisoning us with who knows what ingredients.

No, that's still the Chinese.

[jeezeweeze]

Originally Posted by Tony Clams

No, that's still the Chinese.

Ohhhh yeah

Them too

Double whammy........LOL

[TexKan]

Well isn't that news just so special - corporate at it's best.

[Army_of_One]

Originally Posted by Made in the USA

Cargill said it earned $954 million during the quarter ended Nov. 31, up from $662 million during the same period last year. That brings its first-half earnings to $1.87 billion, up 61 percent from $1.16 billion for the first half of its prior year.

Cargill is one of the world's largest privately held companies and discloses limited quarterly financial information.

1st point is...with that much money you can SEE why certain people in this town cater to certain business's and their employees (legal or not)

2nd point is...with that much money I guess they will have no problem paying any fines they get for hiring illegals.

[Army_of_One]

Did I say Illegal? OOPS....I meant UNDOCUMENTED WORKERS.....after all that's what they are in Dodge...

[booger]

Should anyone dare to think that some of the monies might get spread around here in good ole DC. We won't upset the apple cart attitude sure shows through at times. You know who I mean. I have been accused of haboring conspiracy (sic) theories before on this board. Again, follow the money. Don't know for sure, kind of makes sense to me.

[Made in the USA]

Originally Posted by booger

Again, follow the money.

Follow the money right out of the country---------

[Highwayman]

Originally Posted by Monster

.....If Cargill, and specifically Cargill Meat Solutions, are doing so well then why are they reducing their Dodge City office staff from 20 to just 4?

Because it makes them look good on paper.