Cargill Net Drops 20 Percent, Revenues Fall as Trade Fight Bites

Cargill Net Drops 20 Percent, Revenues Fall as Trade Fight Bites
artofwellbeing.com
Reuters
Updated:

CHICAGO—Grains trader Cargill Inc. on Jan. 3 reported a 20 percent drop in its fiscal second-quarter 2019 net earnings, as global trade tensions hit the bottom line along with challenges in the Chinese hog sector and a struggling U.S. dairy business.

Three of the company’s four business units reported results that were below the same period a year earlier.