STXNEWS LATAM-Idle Cargill plant to boost US profit margins at JBS -BTG

 

Reuters

Fri Jan 18, 2013 7:24am EST

 

The U.S. beef operations of Brazil-based meatpacker JBS SA could post better-than-expected profit margins in 2013 after Cargill decided to idle its beef processing plant in Plainview, easing pressure on cattle costs, analysts at BTG Group told clients in a note.

 

"We think JBS is one of the best positioned companies to benefit from a more disciplined US industry," wrote analysts Thiago Duarte, Enrico Grimaldi and Fabio Monteiro, reaffirming their "buy" rating on JBS stock.

 

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