DOJ confirms antitrust probe of major meatpackers over beef price inflation

The DOJ has confirmed an antitrust investigation into U.S. cattle and beef markets, reviewing over 3 million documents amid concerns about concentrated meatpacking power. The four largest beef processors control over 85% of the market, with significant foreign ownership. Officials are urging whistleblowers to report price-fixing and fraud, linking the probe to food security and declining cattle supplies. Agriculture Secretary Rollins highlighted the loss of ranchers and the impact of foreign ownership on U.S. producers. The investigation may lead to civil and criminal inquiries, but no timeline for charges has been provided.