Beef Processors in Spotlight as DOJ Confirms Antitrust Probe
A worker prepares a cut of beef at a butcher shop.
Photographer: Sebastian Lopez Brach/BloombergThe US Justice Department confirmed it was investigating potential antitrust violations in the meatpacking industry amid soaring domestic beef prices and a shrinking cattle herd.
Acting Attorney General Todd Blanche declined to provide additional details about the probe, but said the agency would seek to move rapidly.