Marfrig's Home Beef Business Helps Cushion US Cattle Squeeze

a day ago

Marfrig Global Foods SA's operating earnings shrunk less than expected as rising profits at its South American beef operation helped it weather the impact of a severe cattle shortage in the US and a bird flu outbreak in Brazil.
Earnings before items such as interest and taxes fell 11% from a year earlier to 3 billion reais ($550 million) in the three months ended in June, the company said in a statement. That compares with a 2.12 billion-real average of analyst estimates compiled by Bloomberg.

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