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    BRFS3   BRBRFSACNOR8

BRF S.A.

(BRFS3)
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LIVESTOCK-Most-active hog futures retreat after matching contract high

06/08/2021 | 06:53pm EDT

CHICAGO, June 8 (Reuters) - Chicago Mercantile Exchange (CME) lean hog futures ended mixed on Tuesday after matching a contract high because of tight U.S. supplies and firm cash markets, analysts said.

The hog market has surged this year due to strong domestic demand and solid export sales to China, the world's biggest pork consumer.

Profit-taking and technical selling dragged down most-active July hogs after the contract reached 123.600 cents per pound, its contract high from Monday.

July hogs ultimately settled 0.300 cent lower at 121.800 cents per pound. The pork cutout <PRK-MAN-CARCS> ended at $134.94 per cwt, up slightly from Monday.

In the beef market, August live cattle futures ended up 0.050 cent at 117.825 cents per pound at the CME. August feeder cattle closed 0.950 cent lower at 149.250 cents per pound.

Wholesale beef prices took a step back from recent surges, with select cuts falling $2.99 to $306.18 per cwt, according to the U.S. Department of Agriculture. Choice cuts rose 1 cent to $338.61 per cwt.

Profit margins for beef processors were $895.70 per head of cattle, up from $827.65 a week ago, the USDA said. Margins for pork processors were $27.35 per hog, up from $24.65 last week.

Livestock producers have grappled with high costs for animal feed after U.S. grain prices topped eight-year highs.

Chicago Board of Trade corn and soybean futures rose on Tuesday after a government report showed the condition of crops was worse than expected as a heat wave hit the U.S. Midwest.

In Brazil, chicken producers contracted to supply BRF Brasil Foods SA, the world's biggest poultry exporter, decided to stop fattening chicks next week unless it paid higher prices to cover rising production costs. (Reporting by Tom Polansek in Chicago)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BRF S.A. 0.83% 23.01 End-of-day quote.4.40%
CORN FUTURES (C) - CBR (FLOOR)/C1 -0.91% 517 End-of-day quote.8.94%
CORN?FUTURES (SETTLEMENT ONLY) (ZC) - CBR (FLOOR)/C11 0.32% 466.5 End-of-day quote.0.00%
EURO / BRAZILIAN REAL (EUR/BRL) -0.03% 6.1752 Delayed Quote.-1.59%
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 -0.06% 154.75 End-of-day quote.11.55%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 0.02% 122.475 End-of-day quote.8.41%
S&P GSCI CORN INDEX 0.19% 428.2765 Delayed Quote.8.94%
S&P GSCI LIVE CATTLE INDEX -0.21% 436.1774 Delayed Quote.11.35%
All news about BRF S.A.
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More news
Analyst Recommendations on BRF S.A.
More recommendations
Financials
Sales 2021 45 057 M 8 553 M 8 553 M
Net income 2021 344 M 65,3 M 65,3 M
Net Debt 2021 15 614 M 2 964 M 2 964 M
P/E ratio 2021 31,8x
Yield 2021 0,32%
Capitalization 18 601 M 3 505 M 3 531 M
EV / Sales 2021 0,76x
EV / Sales 2022 0,73x
Nbr of Employees 95 000
Free-Float 67,8%
Chart BRF S.A.
Duration : Period :
BRF S.A. Technical Analysis Chart | BRFS3 | BRBRFSACNOR8 | MarketScreener
Technical analysis trends BRF S.A.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Last Close Price 23,01 BRL
Average target price 28,65 BRL
Spread / Average Target 24,5%
EPS Revisions
Managers and Directors
Lorival Nogueira Luz Global Chief Executive Officer
Carlos Alberto Bezerra de Moura Chief Financial Officer
Pedro Pullen Parente Chairman
Neil Hamilton dos Guimarães Peixoto Vice President-Quality, Research & Development
Vinícius Guimarães Barbosa Vice President-Operations & Supplies
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