Getting your player ready...
The world’s largest meat company saw its third-quarter profits nearly obliterated because of skyrocketing grain costs and said Monday that it may be another quarter before the worst is over for its chicken division.
The company earned $9 million, or 3 cents per share in the three months ended June 30, down from $111 million, or 31 cents per share, in the same quarter last year. Revenue rose to $6.8 billion from $6.6 billion.
