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What just caused a 20 percent drop in cheese prices?

Answer: A cyber attack.

A bowl of grated cheese on a wooden table next to a large slice of cheese, with more slices and shredded cheese on a cutting board in the background.
(Shutterstock/Africa Studio)
You’d think the hackers might have gotten bored of disrupting U.S. supply lines by now, but they’re here to remind you that they haven’t. Schreiber Foods, based in Wisconsin, just revealed that it was the victim of a cyber attack late last month, and cheese prices are feeling the heat.

Schreiber is one of the country’s largest dairy producers, with about 75 percent of the bulk yellow cheese that goes on burgers and sandwiches, also known as barrel cheese, coming from their buildings. On Oct. 23, a group of malicious actors locked down access to the computer systems responsible for the movement of milk and cheese at its facilities. Production and shipping were shut down for five days while a “specialized response team” sorted things out.

Unlike this year’s previous cyber-related supply chain disruptions, though, this one appears to have led to a drop in the price of the affected product. An industry analyst estimated that the 20 percent price drop in barrel cheese was due to the backlog caused by the incident.
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