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Tag Archives JBS

CME August 2021 feeder cattle (candlesticks) with August 2021 live cattle and lean hogs (red and pink lines, left column). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME feeder cattle slide on higher feed costs

Cattle slaughter down on short week, JBS hack

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Chicago | Reuters — Chicago Mercantile Exchange (CME) feeder cattle futures slipped on Friday, weighing on live cattle as rising corn futures pushed feed prices higher. “I think the downturn in feeders certainly was a factor,” said Altin Kalo, economist at Steiner Consulting Group. “I don’t see any other fundamental news out there that would […] Read more
(JBSS.infoinvest.com.br)
Livestock, Reuters

JBS says all facilities operating after weekend cyberattack

Attackers 'never able to access our core systems'

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Chicago | Reuters — All of meatpacker JBS SA’s global facilities are fully operational after a weekend cyberattack disrupted much of its North American and Australian operations, the company said on Thursday. The Brazilian meatpacker’s arm in the United States and Pilgrim’s Pride, a U.S. chicken company mostly owned by JBS, lost less than one […] Read more
CME August 2021 feeder cattle (candlesticks) with 20-day moving average (red line) and CBOT July 2021 corn (yellow line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME feeder cattle gain on lower corn

December live cattle, July hogs up

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Chicago | Reuters — Chicago Mercantile Exchange (CME) feeder cattle futures gained on Thursday, lifted by lower corn futures and firmer back-month live cattle. “From the feeder buyer’s perspective, you had higher cattle and lower corn, so that’s a good deal,” said Alan Brugler, president of Brugler Marketing. CME August feeder cattle closed 1.35 cents […] Read more
Screengrab from a 2018 video showing cold storage at the JBS beef slaughter and packing plant at Brooks, Alta. (JBS video via YouTube)
Livestock, Markets, Reuters

JBS plants reopen as White House blames Russia over hack

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Washington/Chicago | Reuters — JBS SA employees started returning to U.S. meat plants on Wednesday, a day after the company’s beef operations stopped following a ransomware attack, disrupting meat production in North America and Australia. A notorious Russia-linked hacking group is behind the cyberattack against JBS, a source familiar with the matter said. Brazil’s JBS […] Read more
CME August 2021 live cattle (candlesticks) with 20-day moving average (red line) and July 2021 lean hogs (pink open/high/low/close). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle futures rise as JBS reopens plants

July hogs down off Tuesday's peak

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Chicago | Reuters — Chicago Mercantile Exchange (CME) cattle futures firmed on Wednesday, bouncing back from Tuesday’s steep decline that stemmed from a shutdown of JBS SA’s beef operations due to a cyberattack. JBS employees were returning to U.S. meat plants on Wednesday, with a return to full capacity in the next couple of days. […] Read more
Video screengrab featuring an office at the JBS beef plant at Brooks, Alta. (JBS video via YouTube)
Livestock, Reuters

JBS Canada plant up and running after cyberattack

Brooks beef plant has 'resumed production'

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Meat packer JBS’s major beef slaughter plant in Alberta went back to work Tuesday following a cyberattack reported to have downed several of the company’s operations in North America and Australia. JBS USA, the unit overseeing the Brazilian firm’s Canadian operations, and JBS-owned chicken unit Pilgrim’s Pride both reported “significant progress in resolving the cyberattack […] Read more
CME August 2021 live cattle (candlesticks) with July 2021 lean hogs (pink open/high/low/close). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures fall on cyberattack at JBS

July hogs touch contract high

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Chicago | Reuters — Chicago Mercantile Exchange (CME) cattle futures tumbled on Tuesday after JBS stopped slaughtering at U.S. plants because of a cyberattack. Brazil’s JBS told the U.S. government that a ransomware attack on the company originated from a criminal organization likely based in Russia, according to the White House. It is not known […] Read more
(JBSFoodCanada.ca)
Livestock, Machinery, Reuters

Ransomware attack on JBS halts Canadian, U.S. slaughter

Cyberattack likely from Russia, White House says

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Chicago/Aboard Air Force One | Reuters — Brazil’s JBS SA told the U.S. government that a ransomware attack on the company that has disrupted meat production in North America and Australia originated from a criminal organization likely based in Russia, the White House said on Tuesday. JBS is the world’s largest meatpacker and the cyberattack […] Read more

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