JBS Profit Hit as China Quotas Overshadow US Beef Improvement
JBS NV is finally seeing some recovery in its US beef business, but the improvement wasn’t enough to outweigh the impact of China’s import restrictions on the world’s largest meatpacker.
By Dayanne Sousa · Bloomberg Markets
JBS NV is finally seeing some recovery in its US beef business, but the improvement wasn’t enough to outweigh the impact of China’s import restrictions on the world’s largest meatpacker.