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Inventories of chicken, both live and frozen, are down considerably over the last 12 months. Rising consumer demand is creating a chicken shortage vs. falling supplies and production in the U.S. Pilgrim's Pride is well situated to benefit through much higher operating profitabilit...
JBS SA, via its US poultry subsidiary Pilgrim's Pride, recently announced the acquisition of Kerry Consumer Foods' Meats and Meals businesses in the UK and Ireland. The acquisition adds clear strategic benefits and looks set to be almost immediately accretive as well. Shares trade...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips The ransomware epidemic is becoming a way larger problem for the U.S. government than we were previously expecting. Ever since the news of the Colonial Pipeline hack, more and more ransomware attacks are surfacing, t...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips After a cyberattack briefly crippled a major U.S. supplier of gas to the East Coast last month, cyber criminals shifted their focus this week to yet another piece of critical infrastructure — the meat supply. Sour...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips When Berkshire Hathaway’s (NYSE: BRK.A , NYSE: BRK.B ) Charlie Munger called Bitcoin (CCC: BTC-USD ) “useful to kidnappers and extortionists” and “contrary to the interes...
For most of 2020, the pandemic-shaped year, COVID-19 wreaked havoc on the food and restaurant industry. Analysts hoped rising consumer demand for alternative foods would offset the strangled foodservice channel but industry players had a difficult time to adapt to a new era and Beyond Meat ...
Shares of Beyond Meat (NASDAQ: BYND) were up by 7.9% as of 1:21 p.m. EST Wednesday after traditional meat processing company JBS (OTC: JBSAY) had its operations disrupted by a ransomware attack. Based on Brazil, JBS is the largest meat processor in the world. The cyberat...
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Supply scare The latest cyberattack on an American supply chain was felt yesterday as JBS (JBSAY) - the biggest meat producer in the U.S. (and the world) -...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Nio (NYSE: NIO ) stock is getting a boost on Tuesday after the Chinese electric vehicle (EV) maker revealed delivery data from May 2021. Source: Sundry Photography / Shutterstock.com To start off with, Nio rev...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips JBS (OTCMKTS: JBSAY ) stock is falling in pre-market trading on Tuesday following news of a cyber attack on the meat processing company. Source: Shutterstock Here’s everything investors in JBSAY stock ...
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