JBS Jumps Most Since August as Better US Beef Margins Surprise

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Shares for the world’s top meat producer JBS NV jumped the most in nearly seven months on better-than-expected US beef margins even as a massive cattle shortage pushes industry costs higher.Chief Executive Officer for JBS USA Wesley Batista Filho cautioned that the market environment remains difficult and that the analysis on quarterly data alone can be “misleading.”