Trump Fights Price Manipulation to Support American Ranchers
Submitted by MAGA
Posted 6 hours ago
**Action Against Price Manipulation: Trump’s Bold Stand for American Ranchers**
In a decisive move to protect American consumers and ranchers, President Donald Trump has called upon the Department of Justice (DOJ) to investigate major meatpacking corporations accused of price manipulation within the beef industry.
This urgent action comes amidst alarming reports of soaring beef prices, which have significantly impacted American families at the grocery store.
Trump's directive to the DOJ follows his public assertion that foreign-owned meatpacking companies are engaging in illicit collusion to artificially inflate prices.
His statement on Truth Social was clear: "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."
Attorney General Pam Bondi confirmed the investigation is underway, with the DOJ’s antitrust division collaborating with the Department of Agriculture to examine the practices of the so-called "Big Four" meatpackers—Cargill, JBS, National Beef, and Tyson Foods.
These companies control over 80 percent of the American beef-processing market, raising concerns about their influence on pricing and the overall health of the ranching industry.
Agriculture Secretary Brooke Rollins emphasized the necessity for transparency and fair competition, pointing out that hardworking ranching families have long been squeezed by these large corporations.
Rollins called for a market that rewards genuine ranchers rather than allowing corporate giants to profit while rural communities suffer.
The DOJ’s probe comes on the heels of a significant rise in beef prices, which now average about $7 per pound, the highest in decades.
A combination of factors has led to this crisis, including a shrinking cattle herd, which is now at its smallest size in nearly 75 years, exacerbated by drought conditions affecting pasture lands.
Previous settlements from major packers, including substantial fines for anti-competitive behavior, underline the need for rigorous scrutiny and accountability.
This federal inquiry is part of a broader initiative aimed at rejuvenating the American cattle industry, which has faced steep challenges in recent years.
Steps already taken include measures to expand grazing access, promote smaller packers, and prioritize domestic beef for federal nutrition programs.
As Trump takes strong measures to support America's ranching families, it’s clear that his administration remains committed to fair market practices that put the American people first, ensuring that their hard-earned money does not fall prey to corporate greed.
The investigation marks a critical step towards restoring justice within a market that has long been dominated by a handful of corporations, promising a brighter future for ranchers and consumers alike.
Sources:
mezha.net
basedunderground.com
zerohedge.com
In a decisive move to protect American consumers and ranchers, President Donald Trump has called upon the Department of Justice (DOJ) to investigate major meatpacking corporations accused of price manipulation within the beef industry.
This urgent action comes amidst alarming reports of soaring beef prices, which have significantly impacted American families at the grocery store.
Trump's directive to the DOJ follows his public assertion that foreign-owned meatpacking companies are engaging in illicit collusion to artificially inflate prices.
His statement on Truth Social was clear: "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."
Attorney General Pam Bondi confirmed the investigation is underway, with the DOJ’s antitrust division collaborating with the Department of Agriculture to examine the practices of the so-called "Big Four" meatpackers—Cargill, JBS, National Beef, and Tyson Foods.
These companies control over 80 percent of the American beef-processing market, raising concerns about their influence on pricing and the overall health of the ranching industry.
Agriculture Secretary Brooke Rollins emphasized the necessity for transparency and fair competition, pointing out that hardworking ranching families have long been squeezed by these large corporations.
Rollins called for a market that rewards genuine ranchers rather than allowing corporate giants to profit while rural communities suffer.
The DOJ’s probe comes on the heels of a significant rise in beef prices, which now average about $7 per pound, the highest in decades.
A combination of factors has led to this crisis, including a shrinking cattle herd, which is now at its smallest size in nearly 75 years, exacerbated by drought conditions affecting pasture lands.
Previous settlements from major packers, including substantial fines for anti-competitive behavior, underline the need for rigorous scrutiny and accountability.
This federal inquiry is part of a broader initiative aimed at rejuvenating the American cattle industry, which has faced steep challenges in recent years.
Steps already taken include measures to expand grazing access, promote smaller packers, and prioritize domestic beef for federal nutrition programs.
As Trump takes strong measures to support America's ranching families, it’s clear that his administration remains committed to fair market practices that put the American people first, ensuring that their hard-earned money does not fall prey to corporate greed.
The investigation marks a critical step towards restoring justice within a market that has long been dominated by a handful of corporations, promising a brighter future for ranchers and consumers alike.
Sources:
mezha.net
basedunderground.com
zerohedge.com
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