By Jody Godoy and Tom Polansek

WASHINGTON (Reuters) -The U.S. is investigating meat packing companies, the attorney general said Friday, after President Donald Trump said industry practices are driving up the price of beef.

Beef prices set records in 2025 after a years-long drought burned up pasture lands and hiked feeding costs for cattle. As a result, ranchers slashed the nation’s cattle herd to the smallest level in nearly 75 years, reducing production of steaks and hamburger meat. Consumer demand has remained generally strong despite high prices.

“I have asked the DOJ to immediately begin an investigation into the Meat Packing Companies who are driving up the price of Beef through Illicit Collusion, Price Fixing, and Price Manipulation,” Trump said in a post on Truth Social on Frida

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