JBS Profit Falls Amid Still-Challenging US Market Environment
JBS, the world's largest meat company, reported a net profit fall in the third quarter in spite of a rise in global net sales amid a still-challenging beef market environment in the U.S., according to an earnings statement on Thursday.
The company said third-quarter profit dropped to $581 million from $693 million in the year-ago quarter, citing negative beef margins in the U.S. amid multiyear-low cattle supplies.
"The industry continues to navigate a challenging cattle cycle, with limited cattle availability for...
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