Overview
- Attorney General Bondi said the Justice Department’s antitrust division has begun an investigation following the president’s instruction.
- President Trump alleged on social media that foreign-owned processors were artificially inflating prices and endangering the nation’s food supply.
- The White House said four major companies control about 85% of U.S. meat processing and accused them of exploiting consumers and ranchers.
- Official data show steak and ground beef prices rose more than 10% year over year in September, reflecting mounting household strain.
- Political pressure intensified after Republican defeats in New York City, Virginia, and New Jersey, and no charges or enforcement actions have been announced.