U.S. Justice Department Investigates Beef Companies for Antitrust Violations
The U.S. Department of Justice is conducting a criminal investigation into large meatpacking companies, according to the Wall Street Journal. The probe follows claims by former President Donald Trump that beef companies colluded to raise prices. Tyson Foods, Cargill, JBS USA, and National Beef Packing Company are among the major players involved, controlling approximately 85% of U.S. grain-fattened cattle processing.
Topics: antitrust investigation meat industry regulation U.S. Department of Justice