Bloomberg reported that stock in JBS SA gained 2.5% to 9.28 reais on the Sao Paulo stock exchange, its highest value in a week, and Marfrig stock rose 1.1% to 22.18 reais. The increases came after reports that Brazilian beef exports and prices rose in January.

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Stock in BRF Brasil Foods dropped 0.4% to 45 reais after sales volumes fell 15%. A price increase of 13% cushioned the decline in stock value, according to Alan Alanis of JPMorgan Chase & Co.