【Latest News: Trump Comments on the Sharp Rise in U.S. Beef Prices】
On November 7, 2025, Washington time, U.S. President Donald Trump wrote on his social media platform "Truth Social":
I have asked the Department of Justice to immediately investigate meat processing plants that have raised beef prices. Market participants have engaged in illegal price fixing and price collusion. Immediate action must be taken to protect consumers, combat illegal monopolies, and ensure these companies (mainly foreign companies) do not commit criminal exploitation against the American people. I have requested the Department of Justice to take swift action.
At the same time, Green Tossel, head of the Meat Demand Monitoring Program at Kansas State University, analyzed:
The sharp rise in U.S. beef prices is an issue of supply shortage and increased demand. The demand is very high. The ownership structure of the meat packaging industry has not undergone significant changes in the past four years.
Darrell Peele, an agricultural economist from Oklahoma, analyzed:
There is no evidence to support the claim that large packers have improper market power and use it to raise beef prices. The U.S. packaging industry has been investigated and studied for 50 years, and for some producers, this has been a problem for over a hundred years. If the result is to break up large packers, the result will be higher beef prices for consumers and lower prices for producers' cattle.
Original: www.toutiao.com/article/1848184210057224/
Statement: This article represents the views of the author.