President Trump on Friday 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.
Trump has launched 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 who are driving up the price of Beef through Illicit Collusion, Price Fixing, and Price Manipulation,” Trump said.
“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,” he added.
Trump continued, “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!”
President Trump said cattle prices have dropped yet the price of boxed beef has gone up.
“While Cattle Prices have dropped substantially, the price of Boxed Beef has gone up — Therefore, you know that something is “fishy,”” Trump said.
“We will get to the bottom of it very quickly. If there is criminality, those people responsible will pay a steep price!” President Trump said.
Details of the investigation are not known.
US Attorney General Pam Bondi said the investigation is underway.
Our investigation is underway! My Antitrust Division led by @AAGSlater has taken the lead in partnership with our friend @SecRollins at @USDA. https://t.co/KP0zlO9RQg
— Attorney General Pamela Bondi (@AGPamBondi) November 7, 2025
Last month it was reported that Tyson Foods and Cargill agreed to pay $88 million to consumers in a beef price-fixing settlement.
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