GFM Network News


The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)

U.S. ag secretary backs proposed meatpacking investigator

Reading Time: < 1 minute Reuters — U.S. Agriculture Secretary Tom Vilsack on Tuesday threw his support behind a proposal to establish a special investigator to address concerns about anti-competitive practices in the meat and poultry industries. Republican U.S. Senators Mike Rounds of South Dakota and Charles Grassley of Iowa and Democratic Senator Jon Tester of Montana have proposed legislation […] Read more

Brazilian meatpacker JBS SA’s logo on a tower in Jundiai, northwest of Sao Paulo in southeastern Brazil, on June 1, 2017. (File photo: Reuters/Paulo Whitaker)

JBS says it paid US$11 million in bitcoin for ransom

Cyberattack disrupted plants in North America, Australia

Reading Time: 2 minutes Reuters — Meatpacker JBS USA paid a ransom equivalent to US$11 million (C$13.3 million) following a cyberattack that disrupted its North American and Australian operations, the company’s CEO said in a statement Wednesday. The subsidiary of Brazilian firm JBS halted cattle slaughtering at all of its U.S. plants and its Alberta beef plant for a […] Read more


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

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

Cattle slaughter down on short week, JBS hack

Reading Time: 2 minutes 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)

JBS says all facilities operating after weekend cyberattack

Attackers 'never able to access our core systems'

Reading Time: 2 minutes 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)

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

December live cattle, July hogs up

Reading Time: 2 minutes 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)

JBS plants reopen as White House blames Russia over hack

Reading Time: 3 minutes 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)

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

July hogs down off Tuesday's peak

Reading Time: < 1 minute 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)

JBS Canada plant up and running after cyberattack

Brooks beef plant has 'resumed production'

Reading Time: 3 minutes 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)

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

July hogs touch contract high

Reading Time: 2 minutes 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)

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

Cyberattack likely from Russia, White House says

Reading Time: 4 minutes 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