CME Cattle Futures Bounce Back From JBS SA Shutdown Dip

Cattle futures from Chicago Mercantile Exchange (CME) have rebounded after this week’s JBS SA shutdown panic. Earlier this week, reports surfaced of JBS SA’s brief shutdown due to cyberattacks on their servers over the holiday weekend. While the shutdown was resolved within a matter of days, cattle markets were rocked with the uncertainty. Wednesday reports showed an end price of 2.65¢ at 119.25¢ per pound for CME August live cattle futures while August feeder cattle hit 3.175¢ with 152.325¢ per pound. Both choice and select cut prices hit their one-year highs. View more beef price data and hog futures numbers.