ADM Quarter Profits Fall, Reporting Tight Crop Supplies

Aug 06, 2013

ADM Quarter Profits Fall, Reporting Tight Crop Supplies

By Amanda Brodhagen, Farms.com

Archer Daniels Midland Co. (ADM) reported that its quarterly earnings fell 21 percent, due to tightened crop supplies in the United States.

The company reported net earnings of $223-million, or 34 cents a share for its second quarter. The same quarter a year ago, ADM reported $284-million, or 43 cents a share. The company back in May suggested that its second quarter may be difficult because of tight crop supplies.

“The team managed well through this period, as tight U.S. crop suppliesreduced volumes,” said ADM Chairman and CEO Patricia Woertz. “Also, corn results improved amid volatile ethanol industry conditions.

ADM's second quarter report can be viewed by clicking here.

Video: Reducing Nursery Feed Costs Without Losing Performance - Dr. Julian Arroyave

In this episode of The Swine Nutrition Blackbelt Podcast, Dr. Julian Arroyave, a research swine nutritionist at Carthage Innovative Swine Solutions, discusses nursery feed budget strategies designed to reduce costs without compromising pig performance. He explains trials comparing high, medium, and low phase 1 and phase 2 feed budgets, including commercial validation data showing improved income over feed cost when lower-budget programs were applied under healthy herd conditions. Listen now on all major platforms!

Click here to read the full research article: https://academic.oup.com/tas/article/...

"Results showed that the low-budget program increased income over feed cost by $1.48 per pig."

Meet the guest: Dr. Julian Arroyave / julian-arroyave-jaramillo-638740129 is a research swine nutritionist at Carthage Innovative Swine Solutions, with experience in nursery nutrition, diet formulation, and commercial research trials. He completed his PhD at Kansas State University and previously worked as a nutrition supervisor at Kekén in Mexico. His work focuses on nutritional strategies that improve production efficiency while controlling feed costs. Learn more from Dr. Julian Arroyave Jaramillo on The Swine Nutrition Blackbelt Podcast, available on all major platforms.