Marfrig (MRFG3) and JBS (JBBS3) react amid US inflation and Ibovespa turn – Money Times

National beef from Marfrig was further relieved with less pressure from US inflation

On a day when Americans took stock of the progress of operations at the most exposed Brazilian slaughterhouses in the United States, some brokerages were not taking a closer look.

Marfrig (MRFG3) and JBS (JBSS3) were down 1.85% (R$ 8.80) and 0.45% (R$ 25.51) respectively at 2am.

A desk operator said that between the Ibovespa (IBOV) entry, when it had fallen until recently, and the better reception of data on US inflation, perhaps two variables were influencing.

In the 2022 CPI’s view of the US, the situation for the staple food weighing on the pocket has turned light, with a forecast of 6.5% and a non-statistical gain of 0.1% in December. Consumers – +0.3%.

This is seen as a bit of a relief, and yes, I agree that executives consulted as meat from National Beef (Marfrig) and JBS USA may meet with less resistance.

However, they say it is still too early to predict that the Federal Reserve (Fed) will guarantee a 0.25 percent hike at its February meeting.

That’s the trend, but the current month’s data still comes in the Fed’s spreadsheets.

Stock indexes rose in New York, with only the Nasdaq down.