MarketWatch
US · 1 hrs ago
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Beef prices are near record levels. The DOJ wants to know if something shady is afoot.
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U.S. beef prices have reached near-record levels due to supply disruptions including drought, wildfires, and processing closures, and the Department of Justice is investigating whether corporate consolidation in the meat industry is contributing to the price increases.
Beef prices are near record levels. The DOJ wants to know if something shady is afoot.
The summer grilling season, smaller cattle herds, droughts, wildfires, processing-plant closures and other supply disruptions have helped push meat prices to record highs this year. Now, the U.S. government is investigating whether corporate consolidation is also at play.
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