The U.S. Department of Justice is investigating major meatpacking companies for anti-competitive practices amid record-high beef prices. The investigation is part of a broader effort to address anti-consumer behavior in the food supply market. Four companies, JBS, Cargill, Tyson Foods, and National Beef, control approximately 85% of the beef processing market. However, there is no evidence that these companies are manipulating market power to drive up beef prices, according to agricultural economist Darryl Peel. The Bureau of Labor Statistics shows ground beef prices at $6.70 per pound on average, up about 16% compared to March 2025. Experts believe cattle inventory is at its lowest level in decades due to drought conditions and high demand. The DOJ is also investigating possible antitrust violations in cattle and beef markets.