- Bloomberg
Meat Producer JBS in Talks With Potential Partner on Biogas
(Bloomberg) -- JBS SA, the world’s largest meat producer, said it is in “final discussions” with a potential strategic partner to help the Brazilian company manage, expand and monetize production of gas from animal waste in the US.Most Read from BloombergSlovak Premier Fighting for Life After Assassination AttemptS&P 500 Tops 5,300 in Record-Breaking Stock Rally: Markets WrapChina Considers Government Buying of Unsold Homes to Save Property MarketUS Inflation Ebbs for First Time in Six Months in
- Bloomberg
JBS Surges After Profit Beats Estimates With Chicken Boost
(Bloomberg) -- JBS SA’s shares soared to the highest since 2022 as a boost from increased chicken demand helped the world’s largest meat producer mitigate the impact of a severe shortage of cattle in the US. Most Read from BloombergSlovak Premier Fighting for Life After Assassination AttemptChina Considers Government Buying of Unsold Homes to Save Property MarketUS Inflation Ebbs for First Time in Six Months in Relief for FedS&P 500 Tops 5,300 in Record-Breaking Stock Rally: Markets WrapHow One
- Reuters
UPDATE 1-Brazil's JBS shares soar after strong quarterly results
Shares of Brazil's JBS SA rose 7% in early morning trading on Wednesday after the world's largest meatpacker reported strong first-quarter results in spite of headwinds faced by its large U.S. beef business. JBS executives said they continue to see reduced cattle availability in the United States and demand constrained by higher beef prices in its biggest market. At the same time, JBS is positive on the outlook for its chicken export business as demand is heating up globally and grain prices have subsided.
