President Trump is boldly facing the problem of high meat prices but also dealing with the financial strains on farmers themselves.

The issue is reconciling the two.

Lower prices are great for consumers but also add to the financial problems of small farmers.

Gradually, Trump has come to the conclusion that the real bottleneck is with meatpackers themselves, which is one of the oldest corporate monopolies in U.S. history.

He has posted the following:

“I have asked the DOJ to immediately begin an investigation into the Meat Packing Companies who are driving up the price of Beef through Illicit Collusion, Price Fixing, and Price Manipulation. We will always protect our American Ranchers, and they are being blamed for what is being done by Majority Foreign Owned Meat Packers, who artificially inflate prices, and jeopardize the security of our Nation’s food supply. Action must be taken immediately to protect Consumers, combat Illegal Monopolies, and ensure these Corporations are not criminally profiting at the expense of the American People. I am asking the DOJ to act expeditiously. Thank you for your attention to this matter!”

With this posting, he has put his finger on the problem. Rep Thomas Massie (R-Ky.) points out that “Four meat packers control 85 percent of the meat processed in the U.S.”

https://www.zerohedge.com/personal-finance/problem-meatpackers

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