The world’s leading meat producer, JBS SA, is working to restore global operations affected by the cyberattack, according to Bloomberg. The company is optimistic that a large number of its plants will be up and running on Wednesday.
JBS US CEO Andre Nogueira promised not to hold back any assets in fighting the menace.
The attack on JBS plants reportedly led to the closure of all US beef plants that account for almost a quarter of American demand.
The attack took place over the weekend, leading to several shutdowns, including at slaughter operations in Australia, and slowed down one of Canada’s biggest beef plants.
JBS is yet to give information on the number of plants affected worldwide.
The attack backtracked agricultural markets, increasing worries about food security as low prices were noted on livestock futures as that of pork increased.
A Russian-linked group is believed to be behind the cyberattack even as it threw into the spotlight US churn on cheap meat into the market.
JBS stock is currently declining. JBSS3 is down 0.62%.
