Justice Department investigating meat price increases: report

Justice Department investigating meat price increases: report
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The Departments of Justice (DOJ) is investigating the meatpacking industry over allegations that it is manipulating prices, leading to increases in beef prices during the coronavirus pandemic, Politico reported.

The DOJ investigation will involve top U.S. beef processors, Tyson Foods, JBS, National Beef, and Cargill. Those companies control about 85 percent of the U.S. market.

Agriculture Secretary Sonny PerdueGeorge (Sonny) Ervin PerdueOVERNIGHT ENERGY: Senior Interior official contacted former employer, violating ethics pledge: watchdog | Ag secretary orders environmental rollbacks for Forest Service | Senate advances public lands bill in late-night vote Ag secretary orders environmental rollbacks for Forest Service Justice Department investigating meat price increases: report MORE told Politico that the Agriculture Department is also investigating beef prices. 

Coronavirus outbreaks have sparked closures and led to shortages at grocery stores and fast food chains. More than 11,000 cases of COVID-19 have been tied to Tyson Foods, Smithfield Foods and JBS plants and at last 63 workers have died.

Sens. Josh HawleyJoshua (Josh) David HawleyMcConnell: Trump shouldn't veto defense bill over renaming Confederate bases Trump warns of defense bill veto over military base renaming amendment House chairman predicts approval for 'very strong' amendment to change Confederate-named bases MORE (R-Mo.) and Tammy BaldwinTammy Suzanne BaldwinBiden campaign adds staff in three battleground states Clinton, Buttigieg among Democrats set to hold virtual events for Biden Warren top choice for VP for some Black progressives MORE (D-Wis.) asked the Federal Trade Commission (FTC) in April to open an antitrust investigation into the meatpacking industry and its potential to cause significant disruptions in the food supply chain.