After President Trump in November accused beef companies of manipulating prices for cattle and driving up prices for consumers, the Justice Department’s antitrust division is criminally investigating the conduct of large meatpackers, reported The Wall Street Journal’s Dave Michaels and Patrick Thomas. The Justice Department disclosed an investigation of beef companies after Trump’s call for intervention, but officials haven’t revealed that it is a criminal probe, the report noted. Publicly traded companies in the meat production space include Hormel Foods (HRL), JBS (JBS), Pilgrim’s Pride (PPC) and Tyson Foods (TSN).
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HRL:
- TSN, HRL, PPC: Beef Prices in the U.S. Soar to All-Time High as Cattle Herd Dwindles
- Everything Is Boring About This Food Company Except Its Dividend
- Ex-Dividend Date Nearing for These 10 Stocks – Week of April 13, 2026
- The Week That Was, The Week Ahead: Macro and Markets, April 12
- Hormel Foods downgraded to Neutral from Overweight at JPMorgan