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DOJ Probes Beef Price Surge | Orlando News

DOJ Probes Beef Price Surge | Orlando News

Published 2 weeks, 2 days ago
Description

The DOJ is investigating eight major grocery chains—including Kroger, Walmart, and Costco—to uncover if beef price hikes are the result of collusion or unfair practices. With ground beef prices up 10% to nearly $6.90 per pound, shoppers are feeling the pinch, while ranchers fear cheaper imports could undercut their profits at a time when feed and fuel costs are soaring. Economists argue that supporting ranchers is key to fixing the beef shortage, creating a tense balancing act between consumer affordability and agricultural sustainability. The probe is still underway, with potential tariff adjustments on the table—and it’s a big deal for everyone from grocery shoppers to farmers.

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