Global demand for protein following the African Swine Fever (ASF) outbreaks and increasing sales in aquafeed helped boost Cargill’s second quarter returns.
ForFarmers saw small declines in compound feed volumes for the third quarter as growth in acquisitions along with sales in Germany and Poland could not offset declines in volumes and other regions.
Severe weather and ongoing trade challenges between the US and China contributed to a decline in second-quarter earnings for Archer Daniels Midland (ADM).
Cargill cites global trade challenges and disease outbreaks as negative influences while reporting an earnings drop for its fourth quarter and full-year results.
African swine fever hampered animal feed sales and soy crush operations, and trade disruptions and uncertainty created challenges across the company even as cost-cutting measures boosted quarterly net earnings, according to Cargill’s third-quarter results.
The end of 2018 brought mixed results for ADM. The company delivered improved year-over-year profits while dealing with a volatile global environment in Q4, says the CEO.
