INDIANAPOLIS (WISH) — Here’s a look at Wednesday’s business headlines.

Beef

A trade group that represents the nation’s meat processors, including JBS USA, Cargill and Tyson Foods, blasted the Biden administration for accusing the industry of “pandemic profiteering” – saying the government “refuses to acknowledge” the real problem.

The North American Meat Institute said surging prices were a result of a nationwide – not consolidation of the meat industry.

Used cars

Used car prices fell for the first time in seven months in August, providing evidence that at least some of the recent inflation seen in the U.S. economy may be temporary.

Prices slipped 1.4% last month, posting their first decline since January.

Despite the decline in August, used car prices were still up 32% from year year-ago levels as the global chip shortage has boosted demand for pre-owned…

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