2 days ago
Marfrig's Home Beef Business Helps Cushion US Cattle Squeeze
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.
