“Meat prices fell in the five years before the pandemic, and markets didn’t suddenly become less competitive. Like so much else in the Biden era, meat prices have soared amid surging demand, rising production costs and constrained supply… On Monday Biden officials also threatened meat producers with antitrust action if they don’t restrain prices. Antitrust has become Team Biden’s household remedy for every economic problem, like tariffs for Donald Trump. Slaughtering meat producers won’t increase supply or reduce prices.”
– Wall Street Journal Editorial Board