As a result, we prioritized investigating potential antitrust violations in U.S. cattle and beef markets. In the beef industry, the big four processors control over 85% of the beef processing market. Two of the big four [beef processors] are primarily foreign owned. Multiple plant closures across the country. The current market structure and high concentration in the industry indicate anti competitive activity. Since the President's executive order, the Department has been actively investigating with a review of over 3 million documents. (00:39–00:43)
CLAIM
Asserts that two of the major beef processors are primarily foreign-owned.
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