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Cargill fiscal 3Q profit falls on higher costs

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MINNEAPOLIS (AP) — Cargill said Tuesday that its fiscal third-quarter net income fell 42 percent, hurt by higher costs at its meat processing businesses.

For the quarter ended Feb. 28, the privately held agribusiness company earned $445 million, down from $766 million in the same period a year ago. Revenue edged up 1 percent to $32.2 billion.

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