Commodities
JBS Weighs Reducing Output in Brazil on Cattle Price Spike
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The world’s top meat producer JBS SA is considering cutting back production at some of its Brazilian plants as a spike in cattle prices weighs on meatpackers’ profits.
The company is studying an option to put employees on leave at as many as 11 plants in December or January, a move that would reduce production, according to a person familiar with the matter who asked not be named because the information isn’t public. JBS could reduce cattle purchases in those locations, but no final decision has been made.