The Department of Justice has been asked to examine antitrust issues in the meat industry, according to President Donald Trump. "I have asked the Justice Department to look into it," Trump said in remarks during a meeting with Iowa Governor Kim Reynolds Wednesday. "I have asked them to take a very serious look into it because it should not be happening that way."
He specifically noted the exam will look at the divergence between cash cattle prices and prices consumers pay in stores for beef. "Why is there disparity? What's going on? Are they dealing with each other? What's going on? Okay? Because it shouldn't be that way. Supply and demand should not allow that to happen, by normal supply and demand," Trump stated.
A Justice Department spokeswoman confirmed that Trump has asked DOJ to probe antitrust issues in the meat industry.
The statement from Trump comes as attorneys general from Iowa, North Dakota, Colorado, Missouri, Montana, Arizona, Idaho, Minnesota, Nebraska, South Dakota and Wyoming made a similar plea to DOJ relative cattle producers.
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