Brazil's JBS reeling from low cattle availability, upbeat on other meats-February 2024-www.financetom.com

Brazil's JBS reeling from low cattle availability, upbeat on other meats

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Brazil's JBS reeling from low cattle availability, upbeat on other meats

May 15, 2024 6:06 AM

SAO PAULO, May 15 (Reuters) - Brazilian meatpacker JBS

SA, which reported strong results for the first

quarter, said on Wednesday it continues to see reduced cattle

availability in the United States and demand constrained by

higher beef prices on its biggest market.

At the same time, JBS is positive on the outlook for its

pork and chicken export businesses as demand is heating up

globally and grain prices are subsiding, according to a call

hosted by executives to discuss quarterly results.

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