JBS SA is set to post the highest quarterly profit since 2008, thanks to its grass-fed beef. Brazilian meatpackers are shielded from increasing grain and cattle prices that have cut the margins of other processors, reports Bloomberg News.
Third-quarter net income will be 331.8 million reais ($164 million), compared with a year-earlier loss of 67.5 million, according to the average of four analyst estimates compiled by Bloomberg. JBS’s 19 percent return in the past three months makes it the world’s third-best performing meatpacking stock, after Barretos, Brazil-based Minerva SA and Marfrig Alimentos SA, which gained 44 percent and 38 percent, respectively.