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Brazilian meatpackers in US facing rough times because of less cattle and inflation

Brazilian meatpackers have seen their balance sheet profits drop significantly during the first quarter of the year given the negative performance of sales in the United States. Losses have been considered more serious than those caused by the nearly month long suspension of Brazilian beef sales to China, the countrys other main market.
United States Felipe Simonsen Biancalana Tim Klein National Beef Brazilian Reais Simonsen Biancalana

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JBS Swung to Profit in 1Q as Stronger Real Boosted Sales in Brazilian Currency

Provided by Dow Jones By Jeffrey T. Lewis SAO PAULO--Brazils JBS SA, the worlds largest meat processor, said Wednesday it posted a profit in the first quarter after a loss in the same period a year earlier as the stronger dollar boosted its revenue in Brazilian reais and the easing of social-distancing measures in the U.S. helped sales. The meatpacking giant said it had net income of 2.2 billion reais, the equivalent of $415 million, after a loss of 5.9 billion reais...
United States Jeffreyt Lewis Dow Jones Company Inc States Beef States Pork Dow Jones

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