This post was orginated from www.bloomberg.com/news
JBS SA (JBSS3), the world’s largest beef producer, is set to post the highest quarterly profit since 2008 as Brazilian meatpackers are shielded from surging grain and cattle prices that eroded the margins of global peers.
Third-quarter net income will be 331.8 million reais ($164 million), compared with a year-earlier loss of 67.5 million, according to the average of four analyst estimates compiled by Bloomberg. JBS’s 19 percent return in the past three months makes it the world’s third-best performing meatpacking stock, after Barretos, Brazil-based Minerva SA and Marfrig Alimentos SA (MRFG3), which gained 44 percent and 38 percent, respectively.
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