Trump Orders DOJ to Probe Meatpackers as Beef Prices Soar

A customer views beef displayed for sale at a store in Burbank, California.
Photographer: Patrick T. Fallon/Bloomberg

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By Josh Wingrove and Ilena Peng

November 7, 2025 at 8:49 PM UTC

Updated on

November 8, 2025 at 12:29 AM UTC

President Donald Trump ordered a federal investigation into the meatpacking industry, blaming “majority foreign owned” companies for soaring beef prices.

Trump asked the Justice Department to “immediately begin” the investigation into meat processors, accusing them of collusion, price fixing and manipulation, according to a social media post. Shares of Brazil’s JBS NV, the world’s largest meat company, fell by as much as 6.2% in after-hours trading.