With ASF outbreak in China, papers from Brazilian slaughterhouses heat up in the stock market

An outbreak of African swine fever in China threatens meat production in Asia and could increase export demand for Brazilian meat this year. With the news spreading through the market this Thursday (16), the largest meatpacking companies listed on the B3 were among the biggest rises of the day in the Ibovespa portfolio, the main stock index of the exchange. At the end of the session, JBS shares rose by 3.79% to R$19.98, followed by Marfrig shares, up 3.35% to R$7.10. Minerva closed with gains of 2.16%, trading at BRL 11.33. The BRF closed stable after advancing up to 8.22%. Not transmissible by eating contaminated meat, African swine fever can lead to death in pigs, which is why it has great potential to reduce production of this meat in China later this year, putting pressure on prices. The Asian giant has pork at the base of its diet, with many traditional dishes based on protein. Not only is it the largest consumer, but it is also the world's largest producer of pork, which ...