Trump Accuses Meat Packers of Price Manipulation

Former President Trump accuses foreign-owned meat packers of inflating beef prices, calling for a DOJ investigation. He claims theyre colluding, price-fixing, and manipulating prices, but provides no evidence. Beef prices have surged due to drought, low prices, and strong demand. However, experts question Trumps claims, noting no significant change in ownership structure and skepticism about market power. The Meat Institute counters, stating the industry has been operating at a loss due to tight cattle supply and strong demand. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.