# Minerva Foods Reports Q3 Loss

> Minerva Foods, South America's largest beef exporter, reports Q3 loss amid currency swings and high interest rates.
- Title: Minerva Foods Reports Q3 Loss · valorinternational | Shortify
- Summary: Minerva Foods, South America's largest beef exporter, reports Q3 loss amid currency swings and high interest rates.
- Keywords: minerva foods, beef exporter, cattle prices, currency swings, interest rates, q3 2026, brazil, valorinternational
- Source: valorinternational — https://valorinternational.globo.com/agribusiness/news/2026/11/12/minerva-posts-loss-on-currency-swings-high-interest-rates-and-cattle-prices.ghtml
- Published: 2026-11-12T15:05:06.246+00:00
- Read time: 1 min
- Topics: minerva foods, beef exporter, cattle prices, currency swings, interest rates, q3 2026, brazil, business, money
## Financial Results
Minerva Foods reported a net loss of R$717.3 million in Q3 2026.
## Key Drivers of Loss
High interest rates and currency swings impacted results, with no cash impact.
## Hedging Effects
R$150 million from inflation curve valuation and R$254.7 million from cattle price derivatives.
## Operational Challenges
Fewer cattle slaughtered and higher costs due to Chinese market absence and freight renewals.
## Regional Revenue Shifts
Revenue from Paraguay rose 50.5%, Argentina 44%, Colombia 27%, Australia 25%, and Uruguay 4%.
## Expected Recovery
Slaughter operations may recover R$150 million in Q4 after cattle are processed.
## Key takeaway

Minerva Foods posted a net loss of R$717.3 million in Q3 due to currency fluctuations, high interest rates, and cattle price hedges.