JBS, a global leader in meat production, with most of its operations in the United States, is seeing “very strong” demand for beef, pork and chicken in the North American country, said the president of JBS USA , Wesley Batista Filho, this Thursday.
According to him, this situation helps the company to deal with tight margins in the beef segment, as the US is experiencing a lower supply of cattle, which reduces availability and makes cattle more expensive.
Also speaking in a quarterly results conference call, the global president of JBS, Gilberto Tomazoni, stated that the “strong” demand for chicken meat and well-balanced grain prices indicate the continuation of a positive cycle for this sector.
He stressed that he does not expect “big surprises” in grain costs, as the climate has favored soybean and corn crops.
Tomazoni also considered that the sustained external demand for Brazilian beef allows for price improvements in the foreign market in the context of the recent increase in the cost of Brazilian beef.
JBS reported on Wednesday net profit of 3.84 billion reais in the third quarter, an increase of more than six times compared to the same period last year, with a boost from the poultry and pork businesses in Brazil and the United States , among other factors.
