CROPS NEWS
Cargill 1Q Profit Down 41%
Wed Oct 9, 2013 10:55 AM CDT

(Dow Jones) -- Cargill Inc.'s fiscal first-quarter earnings fell 41% as most of its main business segments turned in weaker performances and the privately held company continued to deal with remaining impacts from last year's severe drought in the Midwest.

Cargill reported a profit of $571 million, down from $975 million a year earlier. Revenue was flat at $33.8 billion.

The company, based in suburban Minneapolis, doesn't break details of the results at its various segments.

However, Cargill said its animal nutrition and protein segment posted slightly higher earnings partly owing to stronger margins and improvements ...

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