date:Apr 10, 2013
Agribusiness company Cargill Incsaid on Tuesday that lingering pressure from ahistoric U.S. drought hurt its meat and grain operations,knocking quarterly earnings down 42 percent.
The worst drought in more than half a century last yeardevastated the corn harvest in the United States, the world'stop grain producer, and catapulted prices for grain fed tolivestock. Recent rains and snow have improved conditions for the nextcorn crop, which is starting to be planted in the Midwest, andgrain prices