UK markets closed

Marfrig Global Foods S.A. (MRRTY)

Other OTC - Other OTC Delayed price. Currency in USD
Add to watchlist
2.3000+0.0100 (+0.44%)
As of 02:30PM EDT. Market open.
Full screen
Loading interactive chart…
  • Reuters

    UPDATE 1-Brazil meatpacker Marfrig back in black, sees North America cattle prices up

    Brazilian beef producer Marfrig on Wednesday posted a 62.6 million reais ($12.19 million) net profit in the first quarter, reversing a 634 million reais loss from a year earlier, with revenues rising in all divisions and financial expenses falling. Marfrig reported net revenue, excluding assets in South America it has agreed to sell, of 30.4 billion reais ($5.9 billion), up 3.8% year-on-year, driven by increases in all its divisions - South America, North America and BRF. "The significant (EBITDA) growth is the result of robust performance by BRF, which compensated the profitability of the North America division," it said in the earnings statement.

  • 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.