Justice Department Opens Criminal Antitrust Probe of Large Meatpackers
The Justice Department’s antitrust division is conducting a criminal investigation into whether large meatpackers that supply U.S. consumers engaged in anticompetitive conduct. The probe follows President Trump’s call last year for an investigation of the companies.
The matter comes amid a broader Justice Department focus on the agriculture industry, including rising costs faced by farmers and ranchers and higher grocery prices for staples such as beef and eggs.
From the sources (5 posts)
@wsjThe move follows a call by President Trump last year for a probe of the companies.
@wsjExclusive: The Justice Department’s antitrust division is criminally investigating the conduct of large meatpackers that supply U.S. consumers, after President Trump called for a probe of the companies last year
@stockmktnewzThe 🇺🇸 Justice Department’s antitrust division is investigating whether large meatpackers that supply American consumers engaged in criminal anticompetitive conduct - WSJ
@zerohedgeDoJ Opens Criminal Probe Into Meatpacking Cartel As Food Stocks Slide
@businessAs millions of Americans face an affordability crisis, the Justice Department is homing in on the agriculture industry, focusing on the rising costs faced by farmers and ranchers and soaring prices of key grocery staples like beef and eggs.