Argentine cattle exports seen as long-term threat to U.S. producers

In the last several years, cattle prices have seen a significant rebound. On the other hand, the advent of new players, or not so new in the case of Argentina, could have U.S. cattle producers on edge.
For years, extensive reports articulated how export taxes impacted grain farmers in Argentina. However, not many talked about the results of brutal government intervention in the cattle business for the country and global markets.
Since 2009, the government of Argentina imposed periodical bans on beef exports in order to control domestic food prices and 15% export taxes. As a result, the country lost nearly 10 million cattle herds and currently has slightly fewer than 50 million herds in stock, according to officials. In stark contrast, countries like Brazil, India, and Paraguay increased their stocks and exports exponentially in those years.

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