Meat&Poultry - June 2013 - (Page 11)

JBS posts $112.8M in Q1 earnings JBS SA earned R$227.9 million ($112.8 million) in the in grain prices,” fiscal first quarter, nearly double the R$116 million ($57.4 JBS said. “The million) profit the company reported in the first quarter change in sales mix, a year ago. productivity gains and Net revenues advanced 22 percent to R$19.5 billion ($9.7 billion) compared to the comparable year ago quarter. Pilgrim’s Pride Corp., the poultry-processing subsid- the reduction in operating costs were essential to optimize the result for the period.” iary of JBS, recorded net revenue of $2.0 billion, a 7.8 per- Net revenues in the company’s US Pork cent increase over the first quarter of 2012, according to segment declined in the first quarter. JBS USA the company. Price increases in the US and Mexico con- Pork reported net revenues of $842 million in tributed to the increase. the first quarter, down 1.6 percent compared to “T he increase in chicken pric- $855.4 million a year ago. The company attributed the result to a decline in export volumes. es also contrib- JBS USA Beef net revenues climbed 5.8 percent to $4.3 uted to offset the billion in the first quarter compared to $4.1 million in the increase in volatility comparable year-ago quarter. ■ BUY AMERICAN! M Made in America by Americans! Proudly Serving the Meat and Poultry Industry for over 19 Years ounds Ar Wrap HIGHEST QUALITY-LOW PRICESFAST & PERSONAL SERVICE Butch er F & Lab rocks coats B Buy DIRECT from the MANUFACTURER! Call Brenda Today Omni Apparel, Inc. American Quality in Every Stitch 113 Kingsbridge Drive, Carrollton, GA 30117 Toll-free 1-800-951-COAT (2628) Local 770-838-1008 • Fax 770-838-1038 • e-mail: • June 2013 • Meat&Poultry • 010_MP_June13_Biz Notes.indd 11 11 6/6/2013 4:24:19 PM

Table of Contents for the Digital Edition of Meat&Poultry - June 2013

Meat&Poultry - June 2013
Table of Contents
Commentary - Now, we're cookin'
Business Notes - China’s Shuanghui makes bid for Smithfield
JBS posts $112.8M in Q1 earnings
COOL opponents vow to press on
Triumph Foods to expand pork facility
Hormel income dips on Jennie-O results, acquisitions
Washington - What’s in a name?
BBQ Report - Low & slow is red hot
BBQ Report - Carnivorous curriculum
Packaging Solutions - Consistency counts
Meat Processing Operations & Engineering - Small but savvy
Rooted in meat
Pushing pests out
Sanitation Tips - Usual suspects
CEO Series - Fit to lead
Ingredient Solutions - Meat makeover
Meat Perspectives - HAACP and more
From the Corral - STUNNING evidence
Names in the News
New Product Showcase
Classified Advertising
The Insider

Meat&Poultry - June 2013