U.S. meat producer shares mixed after JBS ransomware attack; Beyond Meat stock jumps
The U.S.-listed shares of JBS S/A
JBSAY,
JBSS3,
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,
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
SPX,
gained 0.2%. Meanwhile, shares of plant-based meat company Beyond Meat Inc.
BYND,
surged 2.4%.
