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Fortune
Fortune
Mia Osmonbekov

DOJ expands beef price probe to eight retailers, including Walmart and Amazon, with inflation a key issue ahead of midterm elections

Photo of Trump with beef industry representatives (Credit: Chip Somodevilla–Getty Images)

This year’s been a rough one for meat lovers. There’s the New World screwworm, a flesh-eating parasite from Mexico that led to dozens of confirmed livestock infestations. There’s drought affecting 75% of all livestock in the country, leading to a 75-year low for cow herds. That, coupled with tariffs on Brazil, the largest exporter of beef, helped make the average price of a pound of ground beef hit $6.89 in July, up 10% from a year earlier.

The Department of Justice now wants to know whether eight of the country’s largest grocery retailers can be blamed for it.

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