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Meatpacker JBS said all of its North American facilities were operating again after a weekend cyberattack disrupted much of its operations. The attack was reported in early June 2021.
Temporary slaughter disruptions reduce near-term fed cattle demand and hog and beef processing, but the market has shown it expects quick recovery, so the price effect is usually brief.
reuters.comTom PolansekJun 3, 2021After 29 past bearish logistics events, Live Cattle moved a median -0.3% over 5 sessions (38% higher; middle half -2.0% to +0.5%), and -3.7% over 20.
After 16 past logistics events, Lean Hogs moved a median +1.3% over 5 sessions (56% higher; middle half -1.6% to +3.0%), and -6.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
