Beef Processors in Spotlight as DOJ Confirms Antitrust Probe (1)

The 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.

“There is a lot of work that has been done and a lot of work to do,” said Blanche, who took over as the head of the Justice Department after President Donald Trump fired his first attorney general last month. “We are moving as quickly as we can.”

Bloomberg reported late last month ...