Even in Dizzying Global Protein Rally, a 208% Return Stands Out
- Brazil’s Minerva outperforms in upswing fueled by swine fever
- Stock favored by China exposure, South America competitiveness
Cattle owned by Minerva SA graze in a ranch in Barretos, Brazil, on Aug. 21, 2012.
Photographer: Dado Galdieri/BloombergThis article is for subscribers only.
An out-sized share of China’s beef market is making Minerva SA the world’s best meat stock in an industry-wide boom fueled by the spread of African swine fever in Asia.
The Sao Paulo-based company’s shares have more than tripled in value this year, handing investors three times the average return among global peers and outperforming larger players such as JBS SA and Tyson Foods Inc.