It's being reported that Russian hackers are behind the cyber attack against JBS, the world's largest meatpacker. The company has said it's making significant progress in resolving the issues, but some analysts believe the disruption of operations could lead to higher meat prices.
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The good news for oil investors is that the price of a barrel of oil has stabilized around the $35-$40 area, a far cry from the brief foray into negative territory in April.