Wayzata-based Cargill is one of four meatpacking giants accused by President Donald Trump of collusion, price fixing and manipulation.

“For too long, a handful of giant meat packers have squeezed America’s cattle producers, shrunk herds, and jacked up prices at the grocery store,” a White House press release said.

President Trump previously took to social media on Friday to order an investigation into Cargill, Tyson Foods, JBS and National Beef. Attorney General Pam Bondi said an investigation was underway at the Department of Justice.

Cargill did not immediately respond to a request for comment. The Meat Institute, a trade group representing meat and poultry processors, said beef packers have been losing money.

“For more than a year, beef packers have been operating at a loss due to a

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