The Trump administration said Friday it would launch an investigation into whether major meatpacking companies are illegally influencing beef markets amid soaring prices.

In a Truth Social post, President Donald Trump said, without evidence, that the companies “are driving up the price of Beef, through Illicit Collusion, Price Fixing, and Price Manipulation.”

Minutes later, Attorney General Pam Bondi posted on X that a Justice Department investigation was “underway,” with the department’s antitrust chief, Abigail Slater, taking the lead in partnership with the Department of Agriculture.

Trump’s popularity has declined amid growing signs of a weakening economy alongside price increases for many household staples. Beef prices in particular have seen a steady climb, with ground beef hitt

See Full Page