JBS 3Q profit plunges 72% to $164M, US beef shows improvement

JBS reported a 72% drop in third-quarter profit to $164 million, with adjusted EBITDA down 35.6% to $1.181 billion. The company sees improvement in US beef operations, suggesting a potential cyclical recovery. The results reflect ongoing margin pressure in protein markets, but the US beef outlook may signal a turning point.

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