Officials in Argentina say they are close to signing an agreement with the U.S. that would allow two-way trade of fresh beef for the first time in nearly two decades.
Argentina’s herd will shrink by up to 1 million head of cattle next year as ranchers facing scorched pastures after the worst drought in decades decide to slaughter females rather than grow their herds, analysts said.
The U.S. is the biggest market for Mexican beef exports, accounting for 89% of that country's total exports in 2017. Mexico is also a major market for U.S. beef exports, taking 14.7% of total U.S. beef exports in 2017
