December 6, 2025
Trump orders probe into meatpackers for price fixing
Big Four control 85% of beef market as prices jump 12%
December 6, 2025
Big Four control 85% of beef market as prices jump 12%
On Dec. 6, 2025, President Trump issued an executive order directing a sweeping federal inquiry into alleged price-fixing and other anticompetitive conduct across the U.S. food supply chain. The order targeted the Big Four processors. JBS, Cargill, Tyson Foods, and National Beef together dominate approximately 85% of the U.S. beef processing market.
The investigation was actually announced in two phases. On Nov. 7, 2025, the Trump administration announced it would launch an investigation with Attorney General
Pam Bondi posting that a Justice Department investigation was underway. The formal executive order came nearly a month later on Dec. 6.
The formal executive order directs DOJ and FTC to form task forces investigating alleged price-fixing and foreign influence in the U.S. food supply chain. The task forces focus on meat processing, seeds, fertilizer, and agricultural equipment. The order gives the agencies 90 days to report findings and recommendations.
The executive order empowers the DOJ and the FTC to bring enforcement actions against companies and propose new regulatory approaches. The Office of the Attorney General can also commence criminal proceedings, including grand jury investigations, upon evidence of collusion. Criminal antitrust violations can result in prison time for executives.
The price of all uncooked ground beef rose to $6.64 per pound in Sep. 2025, a 12.3-percent increase from a year ago. Uncooked beef steaks reached $12.26 per pound, up 12.7 percent from a year ago. Cattle ranchers say they're getting squeezed as beef prices rise but the payments they receive for cattle remain flat.
Critics note the DOJ shuttered an earlier antitrust probe of meatpackers before Trump's investigation demand. The Biden administration DOJ had been investigating the Big Four for years but closed the probe in 2024 without bringing charges. Farm advocacy groups say the new investigation could be performative without real enforcement.
Three of the Big Four processors have foreign ties. JBS is owned by a Brazilian company. National Beef is majority-owned by a Brazilian company. Cargill is American but operates globally. The executive order specifically mentions foreign influence as a concern in the food supply chain.
What specific conduct does the executive order target?
The meatpacking industry has become highly concentrated among a few large companies.
Which agencies did Trump direct to investigate meatpackers?
An executive order investigation can lead to antitrust enforcement actions like lawsuits or consent decrees.
The concentration of meatpacking accelerated after mergers in the 1980s and 1990s.
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Start QuizPresident of the United States
Attorney General
Assistant Attorney General for Antitrust Division
Agriculture Secretary
FTC Chair
CEO of JBS (Brazilian-owned, world's largest meat processor)
CEO of Tyson Foods
CEO of Cargill