JBS SA is launching a new reopening of sheep in North America and Australia after cyberattack forced the world’s largest producer of sheep to resign.
The food union in Brazil said Tuesday at the end that it had made “significant progress” in ending the attack and that “many” would go to work on Wednesday. A second shift to its location in Greeley, Colorado, one of the largest cattle ranches in the US, was scheduled for production day, while crops in Texas, Nebraska and Wisconsin are resuming slightly, Facebook said.
As of Thursday, the Omaha plant has resumed operations while another in Pennsylvania will return to normal, union leaders said. JBS says its Canadian base in Alberta, one of the largest in the country, has resumed production. Workers at a cattle ranch in Longford, Australia, were told to resume operations on Friday, according to a spokesman for the Australasian Meat Industry Employees Union in Tasmania.
A cyber attack on Sunday forced JBS to shut down all of its livestock in the US – accounting for about a quarter of U.S. donations – and to reduce pork and poultry. Murder operations in Australia were suspended and one plant in Canada simply did so. JBS, headquartered in 20 countries, also owns Pilgrim’s Pride Corp., the second largest poultry farm in the US. The magnitude of these findings may not be apparent as JBS did not elaborate on the findings.
The attack and the closure that followed strengthened agricultural markets and raised concerns about food security while vandals threatened construction projects.
The future of future breeds of cattle in Chicago fell nearly 3.4% since Friday’s close of a five-month period Tuesday, before returning Wednesday with 2.5%. Pork cutting fell 0.6% in Chicago, reducing profits from Friday to 2.9%.
“Our systems are coming back online and we are not keeping anything to address this problem,” JBS USA Chief Executive Officer Andre Nogueira said in a statement on Tuesday.
Fitch Ratings said Wednesday that it is not expecting anything in return for JBS ‘debts and eagles and sees future negative consequences that could be seen as “unexpected, as long as the company can return to long-term operations.”
JBS shares fell 1.1% in Sao Paulo sales, resulting in a 1% gain in Brazil’s Ibovespa index.
It is unclear how the impact on animal prices could occur as a result of recent threats. Consumers are reluctant to raise prices and may try to resist, according to Michael Nepveux, an economist with the American Farm Bureau Federation. “How long it takes will affect how consumers start to see something for sale,” he said in a telephone interview.
Food buyers fear that the disruption from the JBS raid will be a major problem in the meat industry if prices go up already.
“It just adds fuel to the fire,” said Anne Hurtado, a Chicago buyer at Amigos Meat & Poultry who fears her JBS rules this week won’t post on time. “We have been seeing a huge increase in the meat industry in the last month. Most importantly, exports have been huge. ”
Prices for meat sales at the New York meat market have risen by 2% since Friday, says Kevin Lindgren, director of the merchandising at Baldor Specialty Foods.
“No one is crazy yet,” Lindgren said, although he expects prices to rise by 10% in one week. “It will grow slowly as the pressure comes.”
The JBS invasion attracts the American system to restore cheap meat visibility.
The division is overseen by a few titans – Tyson Foods Inc., JBS and Cargill Inc. – who control two-thirds of American cattle. Dropping even a few crops could jeopardize the supply, as we saw last year when Covid-19 exploded the crop and caused a national shortage of animals. The companies are so stable that the implantation of JBS crops means that the US government on Tuesday was banned from producing some of the market value-added commodities that agricultural markets rely on on a daily basis.
“Such attacks are a reflection of the weakening of security in our country, and underscore the need for a change in the country’s animal welfare system,” said United States Senator John Thune of South Dakota, the second most powerful Republican in the Senate.
The JBS attack comes three weeks after Colonial Pipeline Co., the largest pipeline operator in the US, was killed by a group called DarkSide. Experts say there is some evidence to link the group with Russia. This followed a number of setbacks against U.S. government agencies, businesses and hospitals, which are often criticized in Russia or Russian for long-term alliances in international relations.
A well-known Russian-backed group has initiated the JBS attack, according to four campaign-backed individuals who were not allowed to speak in public on the issue. Cybergang is called REvil or Sodinokibi.
Russia has no information on cyberattack, but is linked to the US government, according to Kremlin spokesman Dmitry Peskov. The issue of crime will be discussed at a June 16 meeting between President Joe Biden and Vladimir Putin, he said.
There have been more than 40 public outcasts against food companies since May 2020, says Allan Liska, chief security officer at cybersecurity analytics firmed Recorded Future
“It’s alarming to see so much corruption and cyber theft coming to the US and infrastructure,” Texas spokesman Kevin Brady told David Westin in an interview with Bloomberg TV, adding that business and government should work together to prevent such threats. “We need to think about all of our assets in all critical areas of our economy and recognize where cyber vulnerabilities could be.”
