President Donald Trump accused foreign-owned meat packers of inflating U.S. beef prices and asked the Justice Department to investigate, announcing the move on social media after Republican losses in elections centered on living costs. He alleged illicit collusion and price manipulation but offered no proof. Beef prices have hit records amid drought, a shrunken herd and reduced imports after his tariffs on Brazil. The industry is dominated by four companies, including Brazil-based JBS; its U.S. arm did not immediately respond to a request for comment. Trump’s push follows his Argentine beef suggestion and revives efforts to curb food costs.

Prepared by Christopher Adams and reviewed by editorial team.