# Diversified processors still need a separate operating logic for every protein · Meat Morning Briefing

> JBS reported third-quarter results on 9 November, with JBS Beef North America returning to positive adjusted EBITDA of US$21 million. JBS USA Pork reported lower revenue and adjusted EBITDA of US$97 million, citing weak domestic and export demand, while Pilgrim's Pride faced pressure from higher U.S. chicken supply.

- Date: 2026-11-12 · published 2026-11-13T00:07:24.530Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/96581-diversified-processors-still-need-a-separate-operating-logic-for-every-protein
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

Results diverge by protein, with beef margins supported by cattle supply and demand while pork and chicken face weaker prices from ample supply. For feed buyers this signals uneven demand for feed across livestock categories.

## Read by commodity

- HOGS: bearish ▼
- CHICKEN: bearish ▼
- LCATTLE: neutral

## Sources

- meatbriefing.com: https://meatbriefing.com/ausgaben/79/artikel/486?lang=en

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.