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Meat factory closures spread after cyberattack on JBS

(Bloomberg) – A cyberattack on JBS SA, the world’s largest meat producer, has forced the closure of some of the world’s largest slaughterhouses, and there are signs the closures are spreading. larger, was closed on Monday following the May 30 attack. A trading group said all of the company’s logging operations in Australia had been halted. A number of factories in the United States and shifts have been canceled, according to union representatives. The prospect of larger shutdowns around the world is already shaking up agricultural markets and raising food security concerns as hackers increasingly target critical infrastructure. Cattle futures have collapsed. In the United States alone, JBS accounts for nearly a quarter of total beef capacity. The world’s largest meat producer shut down its North American and Australian computer networks after an organized attack on some of its servers on Sunday, announced the company via email. Without commenting on operations at its factories, JBS said the incident could delay some transactions with customers and suppliers.The owner of Pilgrim’s Pride on Tuesday closed meat processing plants in Utah, Texas and the United States. Wisconsin and canceled shifts at factories in Iowa and Colorado, according to union officials and employees. Union Facebook posts also indicated that some murder and manufacturing changes in the United States had also been rolled back. JBS has not commented on the U.S. plant closures, although the company said its Brazilian plants are operating normally. Chicago cattle futures fell 3.5% to their lowest since the 12th. January, before cutting losses to around 1.4%. Lean pigs were slightly inferior. Potential slaughterhouse closures at JBS factories exacerbated an existing supply glut, with too many cattle than the capacity to process. The JBS attack sidelined two shifts and interrupted processing in one of the larger Canadian meat-packing plants on Monday, and the company had canceled everything. beef and lamb killed across Australia, according to industry website Beef Central, JBS is the top beef producer in the United States, accounting for 23% of the country’s maximum capacity relative to the share of 22% of rival Tyson Foods Inc., according to an investor report from the beef and pork units of Tyson. JBS USA and Pilgrim’s Pride generated net sales of around $ 40 billion in 2020 , according to company documents. The division includes operations in the United States, Canada, Australia, New Zealand, Mexico, Puerto Rico and Europe. Hackers now have the commodities industry in their sights with the JBS attack coming just three weeks after the operator of America’s largest gas pipeline was targeted. It also happened as the global meat industry battles Covid-19 absenteeism after recovering from mass epidemics last year that resulted in plant closures and disruption. The cyber attack hit a Canadian beef plant in Brooks, Alta., about 190 kilometers (118 miles) to the east. Calgary on Monday, according to Scott Payne, spokesperson for Local 401 of the United Food and Commercial Workers Union of Canada. The facility represents more than a quarter of the country’s capacity and, according to one job posting, processes approximately 4,200 head of cattle at a JBS packing facility in Belleville, Ont., Where beef, pork and salmon are prepared for grocery stores, functioned normally, said Tim Deelstra, spokesperson for UFCW Canada Local 175. In the United States, UFCW Local 7 posted on Facebook that Destruction and Manufacturing Teams A and B have been canceled for June 1. Members of Local 7 include 3,000 workers at JBS in Greeley, Colorado. JBS, based in Sao Paulo, has facilities in 20 countries. Australia and New Zealand account for 4% of the company’s revenue, while the United States accounts for 50% and Canada 3%, according to the company’s fillings. The company also has operations in South America and Europe. Backup servers FineBackup servers have not been affected and the company is actively working to restore systems as quickly as possible, according to a JBS USA statement on Monday. The processor said it was not aware of any customer, supplier or employee data that was compromised or misused. A ransomware attack forced Colonial Pipeline Co. to shut off the flow of fuel for several days in May, causing severe gasoline shortages. Australian cybersecurity center is providing technical assistance to JBS, while Agriculture Minister David Littleproud said the government is working with international partners to try to trace, rectify and prosecute, if possible, those who perpetrated the attack. beef, lamb, pork and value-added brand products, according to its website. It exports to over 50 countries and its Dinmore plant is the largest beef plant in the southern hemisphere. In the domestic market, the Australian Meat Industry Council said there is no indication that the attack will have a major impact on the supply of red meat and pork products. Nonetheless, the shutdown is a big concern for exports if it is prolonged, said Matt Dalgleish, director of commodities market information at Thomas Elder Markets, noting that Australia ships around 70% overseas to 75% of red meat products from sheep and cattle. There is also a risk to global supplies. “If it’s a short-term scenario, just a week or something that’s offline, then it’s probably just a minimal hiccup,” Dalgleish said. But “given the size of JBS in the world, if they were offline for more than a week, then we’re definitely going to see disruption in supply chains,” he said. stay ahead of the curve with the most trusted source of business news. © 2021 Bloomberg LP


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About John McTaggart

John McTaggart

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