Canada’s finance minister signaled that any trade deal with the US is likely to include at least some tariffs, and repeated that the country’s dairy and poultry protections won’t be on the table during negotiations https://t.co/54Rmy4mVnx ...

Core Insights - The article emphasizes the positive performance of Brazilian equities, particularly highlighting BRF S.A. as a potential undervalued stock that could benefit from current market conditions [1]. Company Analysis - BRF S.A. is identified as a key investment opportunity within the Brazilian market, suggesting that it is undervalued and could provide significant returns [1]. Market Context - The article notes that the favorable performance of Brazilian stocks has occurred despite trade headwinds influenced by the Trump administration, indicating resilience in the market [1].

Financial Performance - Net Revenue increased to $4463 million in Q1 2025 from $43619 million in Q1 2024[4], a 23% increase - Gross Profit increased significantly from $3839 million in Q1 2024 to $5549 million in Q1 2025[4] - Operating Income rose to $4045 million in Q1 2025, compared to $2503 million in Q1 2024[4] - Net Income increased from $1749 million in Q1 2024 to $2963 million in Q1 2025[4] - Adjusted EBITDA increased year-over-year, reaching $5332 million compared to $3718 million[4] - Adjusted EBITDA Margin improved to 120% in Q1 2025 from 85% in Q1 2024[4] Segment Performance - U S operations reported Net Revenue of $27432 million and Adjusted Operating Income of $3261 million, with an Adjusted Operating Income Margin of 119%[5] - Europe operations recorded Net Revenue of $12315 million and Adjusted Operating Income of $657 million, with an Adjusted Operating Income Margin of 53%[5] - Mexico operations showed Net Revenue of $4883 million and Adjusted Operating Income of $366 million, resulting in an Adjusted Operating Income Margin of 75%[5] Production and Inventory - Pullet placements increased by 07% year-over-year in Q1 2025[7] - Total chicken inventories decreased by 12% year-over-year, and were 49% below the 5-year average[24]