Meat Providers Rise as Weather Helps Feed Cost: Corporate Brazil
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Improving weather is allaying concern that a dry spell in Brazil and floods in Argentina may pare output of corn and soybeans used to feed Marfrig Alimentos SA’s and BRF-Brasil Foods SA’ poultry and hogs.
Showers in western Brazil are easing a drought that dimmed planting prospects, while less rain on the Argentine Pampas and southern Brazil is allowing soil to dry after downpours swamped fields and delayed sowing, said forecasters including AccuWeather Inc. and Somar Meteorologia.