Commodities
US Ranchers Finally Moving to Increase Cattle Supplies, JBS Says
Cattle at an export/import livestock crossing in Santa Teresa, New Mexico.
Photographer: Paul Ratje/BloombergTakeaways by Bloomberg AI
US ranchers are moving to expand their herds from a seven-decade low, paving the way for a long-awaited recovery in beef supplies, according to top producer JBS NV.
“We are into herd rebuild right now,” Wesley Batista Filho, chief executive officer of the Brazilian company’s North American business, said in an interview. “The economic incentives are there, the weather is helping.”