News

Cargill Earnings Report

Cargill Earnings Report

Spencer, IA: (Apr 09, 2015) – Quarterly earnings for Cargill jumped 33% as booming meat profits and low grain prices boosted results for the agricultural giant.

Minneapolis-based Cargill processes beef, pork and turkey in the United States and is the latest major meatpacker to report rising profits as growing consumer demand and ample supplies of grain for feed have made the meat business more lucrative.

Quarterly profits at rivals Tysons Foods and Pilgrim’s Pride topped analysts’ expectations in recent months as margins on chicken remain robust and U.S. pork supplies rebounded from the effects of the PED virus that killed millions of piglets over the past two years.

Cargill’s better earnings came as the company slimmed down some U.S. operations, selling a Texas cattle feedlot and shuttering a Missouri turkey processing plant in the past quarter.

Local Headlines

in Local

Clay County Attorney Status

gavelparole

The process of replacing a long time Clay County Attorney has gotten underway...

in Local

Emmet County Accidents

Car Accident 1280

A pair of accidents in Emmet County resulted in an injury and an arrest. Estherville, IA (KICD) – A Bancroft…

in Local

I-90 Construction Update

Road Work 1280

Interstate 90 travelers are advised of "construction ahead" in southwestern Minnesota...

in Local

Ia Veteran Missing Photo

OLYMPUS DIGITAL CAMERA

Efforts to track down a photo of an Iowan killed in the Vietnam War have turned up an image...

in Local

Prom Safety

prom

Annual high school proms are happening, and a reminder to students to make their's a safe event...