Cargill reported Jan. 3 that its most recent quarter (the fiscal 2019 second quarter that ended Nov. 30, 2018) saw its net earnings in the U.S. drop 20 percent compared to the same time last year at $741 million vs. $924 million.
Similarly, second-quarter revenues declined 4 percent to $28 billion. It described itself as performing “reliably in a dynamic, uncertain environment.”
“Our teams executed in a world of uncertainty to bring the best solutions to our customers and the consumers they serve,” said Dave MacLennan, Cargill’s chairman and CEO, in the company’s fiscal report.
“Robust demand for beef” as well as demand for egg products were among the areas cited as strengths in the company’s Animal Nutrition and Protein segment, which it called its largest contribution to adjusted operating earnings. These were down 10 percent in the second quarter.
