JBS Foods, the world’s largest meat supplier, said it has made “significant progress in resolving the “cyberattack” that shutdown all of its US beef plants on Tuesday, easing fears of further meat price increases.
The “vast majority” of the company’s plants are expected to reopen on Wednesday, JBS USA CEO Andre Nogueira said in a statement Tuesday evening.
But even one day’s disruption could affect wholesale beef prices, analysts warned.
JBS, which controls about 20 percent of the slaughtering capacity for cattle and hogs in the US, had halted cattle slaughter at all its US plants on Tuesday, union officials said. Operations in Australia and Canada were also affected, according to union officials.
“JBS USA and Pilgrim’s are a critical part of the food supply chain and we recognize our responsibility to our team members, producers and consumers to resume operations as soon as possible,” Nogueira said. “Our systems are coming back online and we are not sparing any resources to fight this threat.”
JBS controls about 20 percent of the slaughtering capacity for cattle and hogs in the US.Denver Post via Getty Images
It remains unclear who orchestrated the hacking of JBS, but Karine Jean-Pierre, a White House