Brazil-based JBS SA's market ratings will not immediately be affected by the company's rental of poultry producer Doux Frangosul's assets, according to Standard & Poor's Ratings Services.
JBS's move marks its entry into the Brazilian poultry market, but its operations are still on a smaller scale compared to either its beef production or with its largest competitors, Brasil Foods SA and Marfrig Alimentos SA, said Standard & Poor's. "While we expect a positive cash generation from JBS's beef operations due to lower cattle prices, we will monitor the company's expected higher working capital needs to ramp up the recently leased beef plants and start operating Frangosul assets," said Standard & Poor's. "JBS will not assume any financial or fiscal liability from Frangosul, but will have additional disbursements to ramp up Frangosul's poultry chain."
Mark Wright has been with Aviagen since 2008
Recent hatchery data indicates turkey production will be lower than earlier expected
Agency’s plan designed to ensure judicious use of antibiotics in food animals
Concerns over health of smuggled imported birds behind increase
The long-term challenge for chicken producers is to keep market share at profitable price levels.
New joint venture will operate out of Wayne Farms facility in Decatur, Ala.
--- Thank you for your patience ----
If you have any issues logging in or any other need feel free to contact us.