Trump asks DOJ to investigate meat packing companies over beef prices

In a post on Truth Social, President Donald Trump said, “I have asked the DOJ to immediately begin an investigation into the Meat Packing Companies who are driving up the price of Beef through Illicit Collusion, Price Fixing, and Price Manipulation. We will always protect our American Ranchers, and they are being blamed for what is being done by Majority Foreign Owned Meat Packers, who artificially inflate prices, and jeopardize the security of our Nation’s food supply. Action must be taken immediately to protect Consumers, combat Illegal Monopolies, and ensure these Corporations are not criminally profiting at the expense of the American People. I am asking the DOJ to act expeditiously. Thank you for your attention to this matter!” Publicly traded companies in the meat packing space include JBS (JBS), Tyson Foods (TSN), Hormel (HRL) and Pilgrim’s Pride (PPC).