News

JBS benefits as US peers count cost of drought

02/10/2012

JBS, the world’s largest beef producer, is set to post its highest quarterly profit since 2008 as its US peers suffer the effects of the country’s worst drought in 56 years. The Brazilian group’s cattle are fed on grass, whereas in the US cattle are fed on corn and other grains. The drought has led to a severe shortage of corn, pushing up prices...

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