President Trump has ordered the Department of Justice to investigate the nation’s top meatpacking companies over allegations of collusion and price manipulation, responding to sharp increases in beef prices that have strained American households. The investigation targets four major corporations—JBS USA, Cargill Inc., Tyson Foods, and National Beef Packing Company—which together control roughly 85% of the grain-fed cattle processing market in the United States.
Trump accused the companies of “illicit collusion, price fixing and price manipulation,” citing a concerning gap between falling cattle prices paid to ranchers and rising costs faced by consumers. Ground beef and boxed beef prices have surged, while ranchers have struggled with reduced profits, drought conditions, and high operational expenses. The president warned that foreign ownership in the meat industry also presents serious national security risks.
Attorney General Pam Bondi confirmed the DOJ’s antitrust division is partnering with the Department of Agriculture to launch a comprehensive review. The announcement comes amid a 13.5% year-over-year increase in beef prices as of September, raising alarms among consumers and lawmakers alike.
Critics of the meatpacking giants argue that monopolistic practices are harming both ends of the supply chain—farmers and families. Some economic analysts, however, caution that aggressive antitrust actions could lead to supply disruptions or unintended price hikes. Still, the move signals a broader policy stance by Trump focused on domestic production, market fairness, and corporate accountability.
The investigation positions Trump as an advocate for rural producers and working families, challenging powerful agribusiness interests as inflation continues to hit core staples.
