Little known even in Brazil when the company went public in 2007 with a share offering, JBS has vaulted through a stunning array of takeovers of distressed rivals at home and abroad to become the world’s largest meat producer. On Wednesday night JBS said its second-quarter net earnings doubled to 338.5 million reais from a year ago but still missed market expectations. The company does not publish details of its profit margins in its earnings reports.
poultry unit, but then start to fall in the fourth quarter, helping profit margins, he said.Ĭompany margins from Swift and Smithfield Beef, its beef businesses in the United States, would likely remain stable, he said, adding that cattle production costs are less responsive to swings in corn prices than poultry. Residual high costs for corn and other feeds would likely continue in the third quarter for Pilgrim’s Pride, the company’s U.S.
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