(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 US $784 million for the second quarter ended Nov. 30, up from $556 million a year earlier.
Revenue fell eight percent to $30.3 billion from $32.9 billion.
