Investors have gobbled up meat companies this year on the expectation that an epidemic in China’s pig population will force the country’s consumers to devour tons of imported protein. The rally has been frenzied, but there are still tasty morsels left on the table.
Gains in meatpacker stocks have been mouthwatering: Tyson Foods, the largest U.S. meat producer, has surged 40% since the beginning of the year. Brazilian producer JBS and its listed chicken subsidiary, Pilgrim’s Pride, have both rocketed around 70%.
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