(Reuters) — Cargill’s second quarter adjusted profit jumped 80 percent to US$1.03 billion, up from $574 million in the same quarter last year.
The animal nutrition and protein segment was the largest contributor as low feed costs helped boost livestock and poultry production and processing efficiency efforts lifted margins.
Thanksgiving turkey business improved thanks to a better supply of birds, and the beef business gained from larger cattle supplies and strong consumer demand.
