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Marfrig Global Foods S.A. (MRRTY)
| Previous close | 2.0700 |
| Open | 1.9900 |
| Bid | 0.0000 x 0 |
| Ask | 0.0000 x 0 |
| Day's range | 1.9300 - 1.9900 |
| 52-week range | 1.1700 - 2.1800 |
| Volume | |
| Avg. volume | 14,075 |
| Market cap | 1.836B |
| Beta (5Y monthly) | 0.82 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 0.18 (8.54%) |
| Ex-dividend date | 08 Sept 2023 |
| 1y target est | N/A |
- Reuters
Brazil slaughtering records make it global meat king, IBGE data shows
Brazilian meat companies processed unprecedented volumes of chicken and hogs and recorded the second-highest level of cattle slaughtering in history, according to 2023 data released on Thursday by the national census bureau. The fresh data from statistics agency IBGE confirms that the South American nation, which is the world's biggest beef and chicken meat supplier and the fourth largest hog meat exporter, is well positioned to retain or expand its share of the global meat trade. IBGE said cattle slaughtering in Brazil, which commands about a fourth of the global beef trade, grew by almost 14% in 2023 to 34.06 million head, in continued expansion from 2022.
- Associated Press Finance
How an American meat broker is fueling Amazon deforestation
As incomes in China have grown in the last decade, so has China’s appetite for beef. No longer out of reach for China’s middle class, beef now sizzles in home woks and restaurant kitchens. China has become the world’s biggest importer of beef, and Brazil is China’s biggest supplier, according to United Nations Comtrade data.
- Reuters
Brazil's Marfrig sells abattoirs to Minerva in $1.5 billion deal
SAO PAULO (Reuters) -Brazilian meatpacker Marfrig has agreed to sell 16 slaughtering plants to rival Minerva for 7.5 billion reais ($1.54 billion) in a deal that will significantly change its profile in South America, according to a securities filing. With the sale, Marfrig, which also controls U.S.-based National Beef and BRF SA in Brazil, will retain only its larger-scale industrial facilities in the region in a bid to focus on production of processed meat products. The move marks a shift away from a commoditized business model for Marfrig while competitor Minerva, one of South America's largest beef exporters, goes in the opposite direction.
