SOFI - Wall Street Breakfast: Supply Scare

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Supply scare The latest cyberattack on an American supply chain was felt yesterday as JBS (JBSAY) - the biggest meat producer in the U.S. (and the world) - reported a ransomware breach that shut down all its beef facilities. The company's meatpacking plants also experienced some level of disruption due to the hack which was attributed to a notorious criminal gang based out of Russia. JBS sells beef and pork under the Swift brand, and is also the owner of Pilgrim's Pride (PPC), the second-largest U.S. chicken producer.Just in time for grilling season... Meat market analysts say plant closures from the JBS hack could soon lead to higher consumer prices, which have increased for many cuts this year because of high demand, labor shortages and high

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Wall Street Breakfast: Supply Scare