It's in Argentina. And it's staying there.
Citing rising domestic food prices, economically illiterate President Nestor Kirchner has chosen to destroy his country's most productive industry, slapping a 180-day moratorium on beef exports. Though, yes, it clearly would have the desired short-term effect of flooding the domestic market with excess beef, what happens once the current generation of cattle are slaughtered and it's no longer profitable for ranchers to rear the same number in the next generation?
Most puzzling, this asinine policy comes just as the commodity price of beef and futures contracts are beginning to soar, as the avian flu outbreak has rendered beef much more competitive as a substitute for poultry. Argentinians can thank their leader for ceding that enormous worldwide market to Brazil and Australia.