In year of bad news, Brazilian meat giants finally catch a break
Prices that meatpackers pay for cattle in biggest decline in two decades while wholesale prices mostly flat
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Sao Paulo
A SAFETY scare. Political scandal. Export bans. This year's headlines could scarcely be worse for Brazilian meat producers.
Yet right now they are enjoying stellar market conditions for beef. Prices that meatpackers such as JBS SA, Marfrig Global Foods SA and Minerva SA pay for cattle had the biggest decline in two decades this year. Meanwhile, wholesale prices have been mostly flat, fetching a premium of about 38 per cent on cattle, the most since at least 2008, according to data from agricultural consulting firm Scot Consultoria.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
