Kyle Williams shows the price of ribeye steaks in his office at Lubbock Feeders, a cattle feedlot in Lubbock, Texas, April 22, 2026.(Annie Rice/Reuters)
The president wants beef prices to fall to relieve consumers, except when he wants them to rise to aid cattle ranchers. He is learning through interventionism that every price paid is someone else's income. Therefore, the administration is seeking a scapegoat.
It has found one in meat processors — the companies that slaughter, butcher, and package beef. Last November, the president directed his subordinates to investigate potential collusion or price-fixing among the four firms that account for 85 percent of the beef-processing market. It was a conclusion in search of evidence. The Department of Justice is currently investigating the four major ...
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