Overview
- Attorney General Pam Bondi said Antitrust Division chief Abigail Slater is leading the probe with Agriculture Secretary Brooke Rollins.
- Trump alleged price fixing and manipulation without presenting evidence, citing boxed beef rising even as cattle prices declined.
- Beef prices are at record highs as the U.S. cattle herd sits at multi‑decade lows, with drought, tariffs and labor constraints tightening supply, according to government data and analysts.
- Tyson, Cargill, JBS and National Beef dominate U.S. processing and have faced price‑fixing suits and settlements, which the companies have denied.
- JBS shares dropped after the announcement, and ranch groups and Republican senators remain critical of plans to expand low‑tariff Argentine beef imports.