Source: Meat Institute news release
ARLINGTON, VA – The Meat Institute today released the following statement on President Trump’s call for a Department of Justice investigation into the beef processing sector:
“Despite high consumer prices for beef, beef packers have been losing money because the price of cattle is at record highs,” said Meat Institute President and CEO Julie Anna Potts. “For more than a year, beef packers have been operating at a loss due to a tight cattle supply and strong demand.
“The beef industry is heavily regulated, and market transactions are transparent. The government’s own data from USDA confirms that the beef packing sector is experiencing catastrophic losses and experts predict this will continue into 2026.
“U.S. beef processors welcome a fact-based discussion about beef affordability and how best to meet the needs of American consumers, who are the industry’s most important stakeholders.
“Beef packers rely on cattle producers and cattle producers rely on beef packers. The entire beef value chain is strongest when supply is balanced by demand. Beef packers remain committed to ensuring safe, delicious, and nutrient dense beef remains affordable to American families who rely on its nourishment. We welcome the President and his team to visit our members’ beef facilities, both large and small, to witness firsthand the pride, skill, and dedication they bring to their work every single day.”
For more on beef and cattle market conditions go here.
