DOJ Launches Investigation Into Meatpacking Companies for Driving Up Price of Beef Through “Illicit Collusion”

The DOJ has launched an investigation into foreign meatpacking companies that supply the US over possible price-fixing. President Trump in November ordered the Justice Department to launch an investigation into foreign meatpacking companies for driving up the price of beef through “illicit collusion.” Beef prices are soaring in the US. According to some reports, ground beef and steak prices are up nearly 50% since July 2020. Last year, Trump asked the DOJ to launch an investigation into meatpacking companies for possible price fixing and manipulation. “I have asked the DOJ to immediately begin an investigation into the Meat Packing Companies...