Cargill 2nd-quarter earnings rise 36 pct; big U.S. crop supports

CHICAGO Thu Jan 9, 2014 9:21am EST

CHICAGO Jan 9 (Reuters) - U.S. agribusiness giant Cargill Inc on Thursday reported a 36 percent rise in quarterly profits, supported by a bigger U.S. crop harvest in 2013 that led to lower grain prices and improved meat margins.

Minneapolis-based Cargill, a top global commodities trader, reported net earnings of $556 million for the second quarter ended Nov. 30, up from $409 million a year ago.

Revenues totaled $32.9 billion, down 7 percent from a year ago.

Cargill, one of the world's largest privately held corporations, had fiscal 2013 annual revenues of $136.7 billion, which would have placed it No. 10 on the Fortune 500 list of publicly held companies.