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    JBSS3   BRJBSSACNOR8

JBS S.A.

(JBSS3)
  Report
End-of-day quote. End-of-day quote Bolsa de Valores de Sao Paulo - 07/28
31.92 BRL   +1.53%
07/20JBS Bids to Hook Huon Aquaculture
CI
07/13JBS S A : Relatório de Sustentabilidade 2020
PU
07/09JBS S A : U.S. pledges $500 million to increase meat processing capacity
RE
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

LIVESTOCK-CME feeder cattle gain on lower corn

06/03/2021 | 06:12pm EDT

CHICAGO, June 3 (Reuters) - Chicago Mercantile Exchange (CME) feeder cattle futures gained on Thursday, lifted by lower corn futures and firmer back-month live cattle.

"From the feeder buyer’s perspective, you had higher cattle and lower corn, so that’s a good deal," said Alan Brugler, president of Brugler Marketing.

CME August feeder cattle closed 1.350 cents firmer at 152.950 cents per pound.

Nearby August live cattle futures ended 0.725 cents lower at 118.525 cents per pound, while December live cattle added 1.775 cents to 129.825 cents per pound.

Chicago Board of trade's most-active corn futures dipped 13 cents to $6.62 per bushel.

Cattle slaughter resumed its normal pace on Thursday after a cyberattack shut down operations at meatpacker JBS SA over the weekend.

Beef packers slaughtered 120,000 head on Thursday, up 4,000 from a year ago but still down from 1,000 head a week earlier.

Wholesale beef prices jumped after news of the shutdown, but quieted Thursday, with select cuts climbing $1.28 to $313.16 per cwt., while choice cuts added 39 cents to $340.55 per cwt, according to the U.S. Department of Agriculture.

JBS and three other beef packers in the United States account for the purchase and slaughter of about 85% of all fed cattle.

Meanwhile, hog futures climbed as firm demand pushes futures higher, while high grain prices keep hog producers from adding new hogs that could ease tight inventories.

CME July lean hog futures added 0.525 cents to 119.000 cents per pound, while nearly every contract found life-of-contract highs.

The CME lean hog index, a two-day weighted average of cash prices, climbed to $113.75 per cwt.

"You’ve got tight inventories and good domestic demand and the export market’s not allowing any slack – that’s normally where your price rationing would come in," said Brugler.

Hog slaughter was at 470,000 head, down 11,000 from a week prior but up 30,000 from a year ago.

Hog herd expansion has been stalled by higher feed costs and long-term demand uncertainty, Brugler noted.

"Everybody’s afraid of paying too much for feeder pigs and too much for corn, then six months later, they’re not worth anything," he said. (Reporting by Christopher Walljasper; editing by Richard Pullin)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CORN FUTURES (C) - CBR (FLOOR)/C1 0.09% 549.25 End-of-day quote.13.38%
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 -0.03% 160.125 End-of-day quote.15.65%
JBS S.A. 1.53% 31.92 End-of-day quote.34.91%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 0.00% 123.075 End-of-day quote.8.96%
S&P GSCI CORN INDEX 1.78% 460.0619 Delayed Quote.12.96%
S&P GSCI FEEDER CATTLE INDEX -0.92% 191.3174 Delayed Quote.16.95%
S&P GSCI LIVE CATTLE INDEX -0.31% 437.2867 Delayed Quote.11.74%
All news about JBS S.A.
07/20JBS Bids to Hook Huon Aquaculture
CI
07/13JBS S A : Relatório de Sustentabilidade 2020
PU
07/09JBS S A : U.S. pledges $500 million to increase meat processing capacity
RE
07/09JBS S A : Biden presses Putin to act on ransomware attacks, hints at retaliation
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07/05Up to 1,500 businesses affected by ransomware attack, U.S. firm's CEO says
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06/30JBS S A : Brazil's JBS brings forward goal of eliminating deforestation in suppl..
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06/30WH : Smithfield Foods to pay $83 million to settle pork price-fixing claims
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More news
Financials
Sales 2021 308 B 60 908 M 60 908 M
Net income 2021 11 070 M 2 192 M 2 192 M
Net Debt 2021 44 490 M 8 808 M 8 808 M
P/E ratio 2021 7,30x
Yield 2021 2,31%
Capitalization 79 562 M 15 750 M 15 750 M
EV / Sales 2021 0,40x
EV / Sales 2022 0,39x
Nbr of Employees 250 000
Free-Float 31,8%
Chart JBS S.A.
Duration : Period :
JBS S.A. Technical Analysis Chart | JBSS3 | BRJBSSACNOR8 | MarketScreener
Technical analysis trends JBS S.A.
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 13
Last Close Price 31,92 BRL
Average target price 41,62 BRL
Spread / Average Target 30,4%
EPS Revisions
Managers and Directors
Gilberto Tomazoni Chief Executive & Operating Officer
Guilherme Perboyre Cavalcanti Chief Financial Officer
Jeremiah Alphonsus O'Callaghan Chairman
Eliseo Santiago Perez Fernandez Director-Administration & Control
Cledorvino Belini Independent Director
Sector and Competitors
1st jan.Capi. (M$)
JBS S.A.34.91%15 405
TYSON FOODS, INC.11.13%26 122
HORMEL FOODS CORPORATION0.64%25 429
HENAN SHUANGHUI INVESTMENT & DEVELOPMENT CO.,LTD.-45.59%13 985
WH GROUP LIMITED-4.46%11 393
JUEWEI FOOD CO., LTD.-7.85%6 606