The US agri-giant, posting second quarter and first half results for 2014, also said the layers segment of its animal nutrition business had performed well due in part to strong egg pricing.
For the three months ending 30 June, Land O'Lakes reported net earnings of $96.4 million, a 27% year-over-year increase, on sales of $4.04bn, a 6.6% jump on the same period last year.
For the first half of 2014, the company realized net earnings of $221.1m, a 50% increase on the first six months of 2013
“We are pleased with our overall performance for the first half of 2014, which has been driven by improving commodity markets and the success of strategic investments we have made in our core businesses over the recent past,” said Chris Policinski, president and CEO.