A cattle shortage continues to drive up costs for JBS and Tyson Foods, weighing on the meatpacking giants' bottom lines. JBS says its North America beef business recorded record sales in the latest quarter, up 12% from a year ago, though the segment's profitability came under pressure from an increase in live cattle prices, driven by low cattle availability. Rival Tyson, meanwhile, last week reported a steeper fiscal second-quarter loss in its beef division from the year-ago quarter, as its beef sales price rose while sales volumes fell. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
May 12, 2026 18:51 ET (22:51 GMT)
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