Trump Calls for Justice Dept. Investigation into Meat-Packing Companies

Former President Donald Trump has called for a Justice Department investigation into meat-packing companies, accusing them of illegally driving up beef prices through price fixing and manipulation. This move comes as rising beef costs have become a significant political issue, with retail prices for beef mince and steaks increasing by nearly thirteen and sixteen percent, respectively, in the twelve months leading up to September. Some economists attribute the high prices to supply constraints and strong demand, while others point to the dominance of just four firms in the meat processing market, which control over eighty percent of the industry. These companies have faced multiple lawsuits alleging price collusion, and the issue of consolidation in the meat industry has drawn bipartisan scrutiny. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.