JBS gains Brazilian beef options after Chinese stampede — Panjiva


JBS gains Brazilian beef options after Chinese stampede

Ags - Meat/Dairy 167 Brazil 310 China 2287 Consumer Staples 519 U.S. 4072

Brazilian beef exports to the U.S. can resume after a two year sanitary standards ban was lifted. The ban hasn’t crimped Brazil’s global exports, which surged 28.9% higher year over year in Q4 as a consequence of a 170% surge in shipments to China by JBS and Marfrig. China accounted for 55.7% of Brazilian beef exports in Q4. That could easily reverse depending on the implementation of the phase 1 trade deal between the U.S. and China. In the meantime U.S. seaborne imports of beef have increased by 7.5% year over year in the three months to Jan. 31. That was led by a 16.4% surge in shipme...

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