Trump asks for meat packer probe over beef prices


Trump has put beef prices at the centre of his messaging about the cost of living – and food inflation, specifically. But his other recent proposals to lower prices sparked backlash among ranchers.

Last month, on social media, he urged US ranchers to lower prices for their cattle. Then, he drew their ire when he proposed importing more beef from Argentina, potentially quadrupling US purchases.

At the time, ranchers worried that some of his solutions would make it harder for them to make a living, while not helping much at the grocery store.

As Trump keeps pushing to lower beef prices for American consumers, his latest call for federal investigation signals a possible shift in focus, toward the meat-packing industry, which slaughters livestock and then processes and packages their meat.

“We will always protect our American Ranchers, and they are being blamed for what is being done by Majority Foreign Owned Meat Packers, who artificially inflate prices, and jeopardize the security of our Nation’s food supply,” Trump wrote in a social media post.

Retail prices for beef mince rose 12.9% in the 12 months to September, and beef steaks were up 16.6%, according to government data published in October.

A pound of ground chuck – richer mince from the neck and shoulder of cows – now costs an average of $6.33 (£4.75), compared to $5.58 a year ago.

The increases significantly outpaced general food inflation, which stood at 3.1%.


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