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    MRFG3   BRMRFGACNOR0

MARFRIG GLOBAL FOODS S.A.

(MRFG3)
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Delayed Bolsa de Valores de Sao Paulo  -  04:07 2022-08-05 pm EDT
13.42 BRL   +0.83%
07/19The Martin-Brower Company, L.L.C. acquired Foods Distribution and Logistics Businesses of Keystone Foods LLC from Marfrig Global Foods S.A.
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05/24China blocks four Brazil beef plants -agriculture ministry
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05/17BRF suspends mask use at Brazil plant as COVID cases fall, rivals do not
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LIVESTOCK-CME hog futures top two-week high; cattle futures ease

04/18/2022 | 05:15pm EDT

CHICAGO, April 18 (Reuters) - Chicago Mercantile Exchange lean hog futures rallied to their highest price in more than two weeks on Monday, while live cattle and feeder cattle futures weakened.

Hopes for increased domestic demand from summertime grilling and cookouts helped lift hog futures, analysts said. They added that surging grain and soybean futures raised concerns that hog weights will decline as livestock feed becomes more expensive.

CME June lean hogs settled up 3.925 cents at 122.400 cents per pound and touched their highest price since April 1. The contract has jumped 9% since nearing a one-month low on April 5.

The U.S. Department of Agriculture said the pork carcass value was down 72 cents at $109.49 per cwt, with lower ham prices weighing on the cutout value.

Typically, the pork cutout value gradually improves leading up to the summer grilling season, Steiner Consulting Group said in a report.

"Although March retail pork prices were a record, the sluggish pork cutout in recent weeks will likely lead to a pullback in April retail pork prices," the report said.

U.S. pork exports have dropped this year amid a decline in shipments to China, the world's biggest pork consumer.

China posted its highest quarterly pork production in more than three years during January through March, data showed on Monday, reflecting a boost in breeding following a disease-led decline.

In the cattle markets, CME June live cattle futures settled down 0.625 cent at 135.800 cents per pound. The contract pulled back after reaching its highest price since April 1 earlier in the session.

May feeder cattle futures fell 2.625 cents to end at 159.150 cents per pound.

China's General Administration of Customs suspended imports from three Brazilian beef exporters - JBS SA, Marfrig and Naturafrig - for one week starting Saturday, the newspaper Valor Economico reported. (Reporting by Tom Polansek; Editing by Aditya Soni)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
CORN?FUTURES (SETTLEMENT ONLY) (ZC) - CBR (FLOOR)/C11 0.00%End-of-day quote.0.00%
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 0.59% 180.125 End-of-day quote.7.58%
JBS S.A. -1.24% 31.08 Delayed Quote.-18.10%
LEAN HOGS (HE) - CMG (ELECTRONIC)/C1 0.10% 120.775 End-of-day quote.48.30%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 0.18% 137.95 End-of-day quote.-1.31%
MARFRIG GLOBAL FOODS S.A. 0.83% 13.42 Delayed Quote.-39.19%
S&P GSCI FEEDER CATTLE INDEX 0.74% 217.2832 Real-time Quote.8.23%
S&P GSCI LEAN HOGS INDEX 0.82% 144.303 Real-time Quote.19.79%
S&P GSCI LIVE CATTLE INDEX 0.16% 491.041 Real-time Quote.2.83%
All news about MARFRIG GLOBAL FOODS S.A.
07/19The Martin-Brower Company, L.L.C. acquired Foods Distribution and Logistics Businesses ..
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Financials
Sales 2022 87 255 M 16 741 M 16 741 M
Net income 2022 2 609 M 501 M 501 M
Net Debt 2022 17 411 M 3 340 M 3 340 M
P/E ratio 2022 3,50x
Yield 2022 10,1%
Capitalization 8 861 M 1 700 M 1 700 M
EV / Sales 2022 0,30x
EV / Sales 2023 0,29x
Nbr of Employees 31 779
Free-Float 45,8%
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Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 13,42 BRL
Average target price 27,12 BRL
Spread / Average Target 102%
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Managers and Directors
Miguel de Souza Gularte Chief Executive Officer
David Tang Chief Administrative Officer
Marcos Antonio Molina dos Santos Chairman
Antônio dos Santos Maciel Neto Independent Director
Herculano Aníbal Alves Independent Director
Sector and Competitors
1st jan.Capi. (M$)
MARFRIG GLOBAL FOODS S.A.-39.19%1 700
TYSON FOODS, INC.0.33%31 617
HORMEL FOODS CORPORATION0.20%26 708
HENAN SHUANGHUI INVESTMENT & DEVELOPMENT CO.,LTD.-15.37%13 681
JBS S.A.-18.10%13 227
WH GROUP LIMITED16.56%10 269