DOJ Announces Walmart, Costco, Amazon Are Under Investigation in Beef Affordability Probe
The Department of Justice announced Tuesday that it's investigating several major American grocers concerning massive spikes in beef prices. The post DOJ Announces Walmart, Costco, Amazon Are Under Investigation in Beef Affordability Probe appeared first on The Gateway Pundit.
TL;DR
- The DOJ is investigating eight major American grocers for significant increases in beef prices.
- Grocers under investigation include Kroger, Publix, Walmart, Albertsons, Aldi, Ahold Delhaize USA, Costco, and Amazon.
- This investigation is an expansion of a previous DOJ probe into major meatpackers like JBS, Cargill, Tyson Foods, and National Beef.
- The DOJ is examining potential antitrust violations in the U.S. cattle and beef markets.
- The four largest meatpackers control over 85% of the beef processing market, with some being foreign-owned.
- Attorney General Todd Blanche noted that plant closures and high industry concentration suggest anti-competitive activity.
- Whistleblowers with useful information may receive monetary rewards.
- President Donald Trump has expressed a desire to break up monopolistic practices and allow farmers/ranchers to process their own beef.