The recent cyberattack on meat producer JBS has knocked out nearly one-fifth of all U.S. beef production!
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The Brazil-based company says five of its biggest North American beef plants were affected by the cyberattack over the weekend. Those plants process over 22,500 cattle per day -- which is nearly 20% of the total U.S. beef capacity.
“Our systems are coming back online and we are not sparing any resources to fight this threat,” Andre Nogueira, chief executive of JBS USA, said in a statement on Tuesday.
But officials are still figuring out what impact this will have on consumers or meat prices in the U.S. or elsewhere...
“Attacks like this one highlight the vulnerabilities in our nation’s food supply chain security, and they underscore the importance of diversifying the nation’s meat processing capacity,” said U.S. Senator John Thune of South Dakota.
CNBC's Jane Wells joined Mark Thompson on Tuesday to discuss it all. Listen below!
Read the full report on CNBC.