An ag economist says the unknowns from the cyberattack on JBS, the world’s largest meatpacker, will create even more volatility in the cattle markets.
Oklahoma State’s Derrell Peel says it’s a “wait and see” situation. “The size of JBS in all of these markets is big enough, if there is a significant issue it will impact the markets,” he says. “It’s not to say that those impacts are there for sure at this point. There’s a lot of uncertainty and the markets will likely reacting to a ‘worst case scenario’ at this point.”
He tells Brownfield there is a possibility this could disrupt supply chains, causing product shortages. “All of these meats are a perishable product,” he says.
