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President Trump accused majority foreign-owned meat packers of inflating U.S. beef prices and said he asked the Justice Department to investigate alleged collusion, price fixing and manipulation, calling boxed beef prices fishy. He offered no evidence. The announcement came days after his party's losses in elections where Democrats emphasized cost-of-living concerns, though Trump insists grocery prices are down with some exceptions. He said action must protect consumers and ranchers. Beef costs have risen amid drought-shrunken herds and tariffs on Brazilian imports. His push revives a bipartisan focus on food prices, echoing past efforts by Joe Biden and Kamala Harris.

Prepared by Christopher Adams and reviewed by editorial team.