Brazilian meatpacker JBS may be on the verge of leaving Argentina, having already closed five or its six slaughterhouses in the country. CEO Wesley Batista said that the difficult business environment and further losses are a factor, reports MarketWatch
"We've been leaving Argentina over time, if you look at the size of our operation there compared with what it is today," Batista said in a conference call to discuss fourth-quarter earnings. Argentina now represents less than 1% of JBS's total revenue, he said.