It’s the Ranch It Up Radio Show Herd It Here Weekly Report! A 3-minute look at cattle markets, reports, news info, or anything that has to do with those of us who live at the end of dirt roads. Join Jeff ‘Tigger’ Erhardt, the Boss Lady Rebecca Wanner aka ‘BEC’ by subscribing on your favorite podcasting app or on the Ranch It Up Radio Show YouTube Channel.

JBS Reports Sharp Drop & Bred Cow Sales Ranch It Up Herd It Here Episode 159. Jeff Tigger Erhardt

EPISODE 159 DETAILS

JBS Reports Sharp Drop in Third-Quarter Profits Despite Improvement in North American Beef

JBS is reporting a 72% drop in third-quarter profits, as weaker results in its poultry, pork and international beef operations offset improving performance in its North American beef business.

The company reported net income of 164 million dollars, down from 581 million dollars a year ago. Revenue, however, increased 1% to 22.7 billion dollars.

JBS Beef North America showed signs of recovery, posting 21 million dollars in adjusted earnings, compared with a 46-million-dollar loss during the same quarter last year. Revenue also increased more than 4% to 7.56 billion dollars.

The company credited the improvement to stronger beef demand, adjustments in processing capacity and the reopening of key U.S.-Mexico cattle crossings. Operating margins also improved, moving from negative 2.9% in July to positive 3.9% in September.

However, other divisions struggled. JBS’s pork business saw earnings fall 83%, while Pilgrim’s Pride reported a 40% decline in adjusted earnings. JBS’s Brazilian beef operations also faced pressure from higher cattle prices and reduced exports to China.

Overall, JBS reported a 167-million-dollar cash-flow loss for the quarter, compared with positive cash flow of 384 million dollars a year ago.

REFERENCE: https://meatingplace.com/jbs-profits-plunge-despite-improving-us-beef-margins/

Upcoming Feeder Cattle, Bull & Cow Sales On RanchChannel.Com

Lots of feeder cattle, steers & heifers, bulls, and cow sales coming up on the RanchChannel.Com sale calendar. Check out the full line up HERE.

Questions & Concerns From The Field?

Call or Text your questions, or comments to 707-RANCH20 or 707-726-2420

Or email RanchItUpShow@gmail.com

FOLLOW Facebook/Instagram: @RanchItUpShow

SUBSCRIBE to the Ranch It Up YouTube Channel: @ranchitup

Website: RanchItUpShow.com

https://ranchitupshow.com/

The Ranch It Up Podcast is available on ALL podcasting apps.

https://ranchitup.podbean.com/

Rural America is center-stage on this outfit.

AND how is that? Because of Tigger & BEC… Live This Western Lifestyle.

Tigger & BEC represent the Working Ranch world by providing the cowboys, cowgirls, beef cattle producers & successful farmers the knowledge and education needed to bring high-quality beef & meat to your table for dinner.

Learn more about Jeff ‘Tigger’ Erhardt & Rebecca Wanner aka BEC here: TiggerandBEC.com

https://tiggerandbec.com/