LatinNews Daily - 10 November 2026

*Brazil’s largest meat processing company, JBS, has released its financial results for the third quarter of 2026, which showed a net income of US$164m. This marks a decrease compared to the net income of US$581m registered for Q3 2025. The company also reported a slight year-on-year rise of 1% in its net sales, which totalled US$22.7bn in Q3 this year, although its latest financial report emphasised a “challenging operating environment across several of its business units”. The report cites the meatpacker’s global CEO, Gilberto Tomazoni, as suggesting that JBS’ Brazilian operations were impacted by “lower exports to China” following the completion of a “2026 quota”. Meanwhile, the report mentioned that JBS’ North America business saw “an improving operating environment”, highlighting the integration of various beef operations in North America “under a single management structure” which “improved coordination across procurement, production and sales”. However, the report went on to note that other JBS subsidiaries, such as its Australia business, continued to face “a more challenging environment”.