JBS of Brazil is shifting its growth strategy from beef to
poultry.
Company president Wesley Batista said that’s because poultry
is more likely than beef to on the increase.
He told stock-market analysts Friday that JBS will be
focusing on poultry and processed foods for its growth, and less on its
world-wide beef operations.
JBS is the world’s largest beef packer. In Canada it owns XL
Foods Inc. in Alberta.
JBS has leased or bought eight companies involved in poultry
in Brazil within the last 20 months.
Less than a month ago it bought Tyson’s poultry operations
in Brazil and Mexico for $575 million.
