President Donald Trump asked the Justice Department to start an investigation into the meatpacking industry, accusing them of “driving up the price of Beef through Illicit Collusion, Price Fixing, and Price Manipulation.”

“I am asking the DOJ to act expeditiously,” Trump posted Friday on social media. “Action must be taken immediately to protect Consumers, combat Illegal Monopolies, and ensure these Corporations are not criminally profiting at the expense of the American People.”

Shares for the world’s largest meatpacker, JBS NV, fell by as much as 6.2% on Trump’s comments, while Tyson Foods Inc. shares dropped by as much as 2% before paring losses to turn higher.

High cost of living dominated voter concerns this week in off-year elections, propelling Democrats to victory over T

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