Sen. Mike Rounds says he welcomes the Justice Department’s investigation into large meatpacking companies following President Trump’s directive. The investigation aims to look into possible collusion, price fixing, and price manipulation by the “Big Four” meatpackers dominating the U.S. beef-processing market.
Rounds has been advocating for such an investigation, highlighting concerns about unfair trade practices and the impact on ranchers. He emphasized that high beef prices should not solely be blamed on farmers, as the meatpackers play a significant role in the market.
President Trump’s support for the investigation has been well-received by Rounds, who sees it as a step towards addressing the issues in the industry.
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