US food company ConAgra Foods has reported a 14% fall in quarterly earnings, after the company divested its fresh beef and pork operations. The Omaha, Nebraska-based company reported earnings of US$194.9m, or 37 cents a share, in the first quarter to 24 August, compared to $227.6m, or 43 cents a share, in the year-ago period. Analysts had been expecting earnings of 38 cents a share, reported Reuters.