Cargill profit surges as lower grain prices spur demand
Jan 8 (Reuters) - Global commodities trader Cargill Inc reported a 41 percent jump in quarterly profit on Thursday as a record-large U.S. harvest lowered grain prices and boosted both domestic and export demand while bolstering margins on meat sales.
The privately held company, based in Minnesota, reported net earnings of $784 million for the second quarter ended Nov. 30, up from $556 million a year earlier.
Revenue fell 8 percent to $30.3 billion from $32.9 billion.
(Reporting by Karl Plume in Chicago; Editing by Lisa Von Ahn)
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