The U.S.-listed shares of JBS S/A (JBSS3.BR) fell 1.2% in morning trading Wednesday, putting them on track to snap a five-day win streak, after the Brazil-based meat-processing giant suffered a ransomware attack that disrupted production. The company, which is the second-largest beef, pork and chicken producer in the U.S., said late Tuesday that it expected most of its plants to be operating on Wednesday (link). Shares of U.S.-based meat producers were mixed Wednesday, with Pilgrim's Pride Corp. (PPC) down 1.2%, Hormel Foods Corp. (HRL) up 0.1% and Tyson Foods Inc. (TSN) down 0.2%, at a time that the S&P 500 index gained 0.2%. Meanwhile, shares of plant-based meat company Beyond Meat Inc. (BYND) surged 2.4%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
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