Cargill Shows Meat Is Still a Cash Cow
- Closely held firm posts ‘strong’ North America protein results
- Origination and processing hurt by trade, weather disruptions
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Cargill Inc., America’s largest closely held company, posted a gain in quarterly earnings fueled by expanding global appetite for meat.
Demand for protein such as beef, eggs and poultry helped the agricultural giant rebound from its steepest quarterly profit decline in four years. Reporting fiscal first-quarter earnings Thursday, it said protein demand rose in North America, Europe, Asia and Latin America.