U.S. meat producer shares mixed after JBS ransomware attack; Beyond Meat stock jumps

The U.S.-listed shares of JBS S/A
JBSAY,
-0.49%
JBSS3,
-0.26%
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. Shares of U.S.-based meat producers were mixed Wednesday, with Pilgrim’s Pride Corp.
PPC,
-0.96%
down 1.2%, Hormel Foods Corp.
HRL,
-0.10%
up 0.1% and Tyson Foods Inc.
TSN,
+0.06%
down 0.2%, at a time that the S&P 500 index
SPX,
+0.23%
gained 0.2%. Meanwhile, shares of plant-based meat company Beyond Meat Inc.
BYND,
+1.89%
surged 2.4%.