THE changing market conditions on either side of the Pacific were evident in JBS’s US beef and Australian divisions during the second quarter ended June 30.
The overall company swung to a net loss of US$52.3 million last quarter, with pre-tax earnings of US$902 million, down 57pc year-on-year. This time last year, the company delivered an US$803 million profit.
The global protein giant, with divisions in South America and the US (beef, pork chicken), plus Australia (beef, lamb, pork, salmon and smallgoods) and value-added products saw second quarter net revenue of US$18.1 billion, down…
