Former President Trump has directed the Justice Department to investigate major meatpacking companies, accusing them of inflating beef prices. This move comes as consumers face increasing concerns over the affordability of beef. Trump has specifically pointed fingers at foreign-owned meatpackers, claiming they are engaging in collusion and price manipulation. The ongoing probe has raised alarms in the market, affecting food stocks and consumer exchange-traded funds. The Attorney General has confirmed that the department is actively looking into the allegations as Trump calls for stricter regulations in the meatpacking industry.