In this file:

 

·         Why One Hack on One Firm Can Shake Global Meat Supply

In the U.S. beef industry, about 80% of cattle-slaughtering is done by four companies; in the U.S. hog market, the same number of firms account for more than 70% of capacity…

 

·         Government working alongside JBS following cyberattack

JBS’s control of 20% of U.S. beef processing reveals vulnerability within the food supply chain.

 

 

Why One Hack on One Firm Can Shake Global Meat Supply

 

By Michael Hirtzer, Bloomberg

June 1, 2021

 

In the last three years, a fire, a pandemic and now a cyberattack have disrupted the U.S. meat industry. The common thread between these very different incidents is that they show a highly concentrated market with little margin for error. A ransomware attack on JBS SA, the largest meat producer globally, at the end of May shut nearly a fifth of America’s meat production and idled JBS plants as far afield as Australia and Canada. The disruption raised anew questions of whether the dominance of a few giant companies has undermined resilience in the sector, and comes at a time when market concentration is being scrutinized in a wide range of fields.

 

1. How concentrated is the meat market?

 

In the U.S. beef industry, about 80% of cattle-slaughtering is done by four companies; in the U.S. hog market, the same number of firms account for more than 70% of capacity. Globally, red meat and poultry production has remained fragmented but the world’s biggest protein companies, including JBS and Tyson Foods Inc., have been expanding into Europe and Asia to meet surging demand. Meanwhile, Smithfield Foods Inc., the world’s largest pork producer, is owned by Hong Kong-listed WH Group.

 

2. How did that happen? ...

 

3. How has that worked out?

 

4. What does that mean for farmers and consumers? ...

 

5. How are the meat producers doing? ...

 

The Reference Shelf ...

 

more, including links  

https://www.bloomberg.com/news/articles/2021-06-02/why-one-hack-on-one-firm-can-shake-global-meat-supply-quicktake

 

 

Government working alongside JBS following cyberattack

JBS’s control of 20% of U.S. beef processing reveals vulnerability within the food supply chain.

 

Jacqui Fatka, BEEF Magazine

Jun 02, 2021

 

In a notice to stakeholders Tuesday evening, JBS USA and Pilgrim’s state both companies have made significant progress in resolving the cyberattack that has impacted the companies' operations in North America and Australia (note JBS owns the Pilgrim brand). The attack did reveal the vulnerability of the meat supply chain, and again garnered calls for additional oversight on the U.S. beef supply chain.

 

The company processes, prepares and packages meat in facilities across 15 countries. Operations have been put on hold at multiple plants across the U.S., including locations in Wisconsin, Texas and Nebraska. Operations in Mexico and the UK were not impacted and are conducting business as normal. The hacking incident was detected on May 30, when the company found servers supporting its IT systems were under attack. According to a JBS statement, the company took immediate action to suspend affected servers and notify authorities.

 

In the U.S. on Tuesday, JBS USA and Pilgrim's were able to ship product from nearly all of its facilities to supply customers. The company also continues to make progress in resuming plant operations in the U.S. and Australia. Several of the company’s pork and poultry plants were operational Tuesday and its Canada beef facility resumed production.

 

Systems are coming back online and “JBS USA is not sparing any resources to fight this threat,” the company says. Given the progress IT professionals and plant teams have made in the last 24 hours, the vast majority of the beef, pork, poultry and prepared foods plants were to be operational by Wednesday...

 

Further action sought ...

 

... Sen. Deb Fischer, R-Neb., says it’s alarming to see another cyberattack against a crucial supply chain...

 

more

https://www.beefmagazine.com/beef/government-working-alongside-jbs-following-cyberattack