Brazil’s JBS bullish despite challenging outlook for U.S. beef business

SAO PAULO (Reuters) – JBS, the world’s largest meat company, said cattle remains scarce in the U.S., affecting the outlook of its beef business in the country where the company derives most of its sales.

While the operating environment seems more challenging than in 2024, management sees room for margins of this particular division to improve by 1 or 1.5 percentage points in the next quarters.

(Reporting by Ana Mano)