Dive Summary:

• Cargill, one of the leading agricultural and food production business in the world, has announced their earnings have dropped in Q3 (ending Feb 28) by 42%.
• The company blamed the increasingly high cost of animal feed due to the drought in much of the country's interior.
• Cargill has also had to slow production in some of its meat processing plants due to a lack of healthy cattle as the drought continues for what looks to be another long summer. 

From the article:

“Cargill’s earnings were below last year’s record third quarter,” said CEO Greg Page, who blamed high feeding costs, tight cattle supplies and an oversupplied turkey market for denting profits in the animal protein businesses in North America. ...