Overview
- Trump asked the Justice Department to investigate alleged collusion, price fixing, and manipulation in the meatpacking industry.
- Attorney General Pam Bondi said the Antitrust Division, led by AAG Slater in coordination with USDA Secretary Rollins, has taken the lead.
- Trump accused majority foreign-owned packers of inflating prices and framed the issue as a threat to food-supply security.
- News reports noted Trump provided no public evidence while pointing to drought, a historically small U.S. herd, and Brazil tariffs as price drivers.
- Trump highlighted falling cattle prices alongside rising boxed-beef prices and warned of consequences if criminal conduct is found.