President Donald Trump is responding to consumers’ anger about high food prices, particularly the price of beef.

At the end of September, the average cost of a pound of ground beef was $6.30, according to data from the Federal Reserve Bank of St. Louis. Prices for ground beef are the highest on record and 50% higher than levels reached in 2022, as the COVID-19 pandemic subsided.

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Trump ordered the Justice Department to investigate the business practices of the four leading meatpacking companies: JBS, Cargill, Tyson Foods, and Nation

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