GIANT Northern hemisphere meat processors JBS and Tyson have registered substantial trading losses for their financial quarters ended 31 March.
JBS SA, the world’s largest meat producer, saw results plunge to three-year lows, despite the company’s diversification strategy producing different proteins in multiple locations across the globe.
The trends are in direct contrast with trading conditions in Australia, where beef processors are now moving back to profit again for the first time in more than two years.
JBS’s overall business (beef divisions in North and South America and…
