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Cargill Reports Worst Quarter in a Decade [August 9, 2012]

Cargill Profits Below Expectations

By , Farms.com

Cargill, one of the leading international agricultural companies reports Q2 profits fell below expectations. Their March-to-May 2012 period experienced its worse showing in a decade. The news also hits with a drop in full-year profit expectations.

Cargill’s Chief Executive, Greg Page noted that the full-year decline is reflective of the one of the company’s strengths – trading.

"We did not trade as well in this year's markets," a factor reflecting their vulnerability to changes in political factors, such as twists in the eurozone debt crisis, which were difficult to predict rather than crop fundamentals,” says Page.

The news isn’t all doom and gloom for Cargill, demonstrating improved results its food ingredients division which was boosted by starches, specialty oils and cocoa.

"We are confident about Cargill's ability to grow profitably, to help our customers to do the same, and to help build a more food-secure world," says Page.

Cargill has also been weighing into the politics of U.S. ethanol policy, calling for a holdback on corn used for ethanol production in order to free up some corn for livestock producers who are dealing with high input costs with rising feed prices and an overall short supply of feed. The company among other things is a meat processor and is finding itself pinched by high cattle prices and a decreased supply and demand.


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Demco Dual Aguer Grain Carts — Fire Safety Systems, Right or Left-Handed Unload, and More!

Video: Demco Dual Aguer Grain Carts — Fire Safety Systems, Right or Left-Handed Unload, and More!


Demco's dual auger grain cart is designed for unloading efficiency, operator visibility, and safety in the field.

This dual-auger design features both an unload auger and a floor auger for enhanced grain cleanout and consistent flow, and the 22-inch unload auger is capable of moving up to 600 bushels per minute.

Farmers can also choose between right or left-handed unload options—right-handed unload improves visibility from the tractor cab. A new design allows both vertical and horizontal movement for precise grain placement during unloading.

Another key feature is the built-in fire safety system; a 300-gallon onboard water tank with a hose reel that provides field-ready fire suppression capability.

These dual auger grain carts are available in 1100, 1300, 1500, 1700, and 2200 bushel sizes.