Marfrig Benefits From BRF as Chicken Cushions US Cattle Squeeze

Marfrig Global Foods SA, poultry and processed food company continues to make profit from strong global demand and helps to ventilate the impact of a serious famine in the USA in the United States.

Marfrig’s operating earnings fell less than expected in the second quarter, while BRF also defeated analysts’ predictions. Marfrig’s shares rose up to 4% on Friday, while BRF won up to 5%.

The results are the first results because the shareholders in both Brazilian companies approve the offer of purchasing BRF shares that Marfrig already owned. He said that the agreement was still waiting for an antitröst approval, and that Marfrig expects to close until September.

MARFRİG, who controls the US beef manufacturer National Beef Inc., is among the companies that have been bored by the worst famine for decades for decades. Manufacturers-dedicated competitors JBS NV and Tyson Foods Inc. They have to pay record-high prices for their focus weights, and they are struggling to transfer these costs to consumers.

Increased demand for chicken and low -bird feed costs helped to pillow the effect of Marfrig, even if trade bans made profit in the second quarter following a bird flu outbreak in May.

LEONARDO ALENCAR, including XP Inc. “BRF reported that a quarter, China and EU export restrictions on the Brazilian chicken, despite the negative impact on the Brazilian chicken,” said the analysts as a note to customers. ” “When combined with solid demand, the possibility of low cereal prices is expected after the end of trade bans.”

He said that BRF left the bans of poultry to Chinese and European countries and continued to buy poultry animals very soon.

According to Fabio Mariano, Fabio Mariano, Hakte and BRF Finance, chicken materials in Brazil and other production countries are expected to grow up to 2% in the short term, while the worldwide demand should continue to increase faster. In addition to increasing revenue in Brazil and Middle East and Asia, the movement of BRF’s additional value products portfolio should also help higher prices.

Marfrig’s earlier earnings such as interest and taxes fell by 11% in three months that ended in June compared to the previous year. This is compared with 2,12 billion real analyst estimates compiled by Bloomberg. BRF, 2.5 billion Reais reported corrected earnings, and analyst estimates 2.39 billion Reais.

“This was an extremely challenging quarter,” he said to journalists on Thursday and showed the impact of bird flu outbreak on the company’s exports.

This article was created from an automatic news agency feeding without changing the text.