Meat Producer JBS Expected Its Systems Across U.S. To Be Back Online

A ransomware attack on JBS, a major meat supplier, led to the shutdown of its US beef plants, affecting a significant portion of US beef production. This caused a rise in beef prices, already high due to the pandemic. The attack was linked to a Russian criminal group, but no data breach was confirmed. The dilemma of paying the ransom versus rebuilding systems was highlighted, with no clear decision from JBS. The impact on retailers and cattle feeders was discussed, with potential long-term effects on prices.

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