Replicating his predecessor, Mr. Trump is blaming corporate price gouging for currently high beef prices. Charging the industry with “Illicit Collusion, Price Fixing, and Price Manipulation,” federal prosecutors will be trying to prove the implausible. After all, beef company margins have been negative. If packers are manipulating prices, it must be intended to screw their own investors with low or negative returns. Maybe next the Administration will copy presidential candidate Kamala Harris and impose the “first-ever federal ban on price gouging on food,” or maybe mimic New York City Mayor-elect Zohran Mamdani and establish state-run grocery stores.  Beef prices are not the only product with outsized price incr...