According to reports from Bloomberg, 20 percent of U.S. beef capacity has been “wiped out” by a cyberattack on JBS S.A., a Brazilian company that is the largest meat processing company in the world.
“JBS’s five biggest beef plants in the U.S. — which altogether handle 22,500 cattle a day — halted processing following a weekend attack on the Brazilian company’s computer networks, according to JBS posts on Facebook, labor unions and employees,” wrote Bloomberg. “Those outages wiped out nearly a fifth of America’s production. Slaughter operations across Australia were also down, according to a trade group, and one of Canada’s largest beef plants was idled.”
Bloomberg added that JBS has yet to confirm how many plants globally have been impacted by the cyberattack, while even the “prospect of more extensive shutdowns worldwide” is causing turbulence in agriculture markets. “Livestock futures slumped while pork prices rose,” added Bloomberg.
The company informed the Biden administration of the cyberattack, according to White House principal