The US is importing British beef for the first time after 24 years of imposed ban that started back in 1996 following an outbreak of bovine spongiform encephalopathy (BSE).
US exports of both pork and beef declined in July compared with last year, even as production was "returning to near-normal levels", the US Meat and Export Federation (USMEF) said.
Brazilian-based meat packer JBS SA posted second quarter net profits close to two times higher compared to analysts' projections thanks to its strong beef and pork sectors in Brazil and the United States, Reuters reported.
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