Trump Calls for DOJ Investigation into Meatpackers Amid Rising Beef Prices

Donald Trump has called for a federal investigation by the United States Department of Justice into meatpackers, citing rising beef prices attributed to potential collusion among foreign-owned companies.

• In a social media post, Donald Trump requested the United States Department of Justice to investigate meat processors for alleged collusion and price-fixing in the beef market.
• The investigation focuses on major meat companies, including Brazils JBS NV, which saw its shares drop 6.2% in after-hours trading following Trumps announcement.
• Trump blames majority foreign owned companies for the soaring beef prices affecting consumers in the United States, raising concerns over market manipulation and cattle pricing.