Brazil and Argentina, two of the world's top beef exporters, have voluntarily restricted exports due to investigations and efforts to control domestic prices, respectively. This has led to concerns about the ability of other countries, including New Zealand, to fill the supply gap. The US is currently in a strong position to capitalize as the world's biggest beef exporter, China's biggest beef buyer remains offline. However, the impact on Australia is expected to be limited due to supply shortages and trade tensions.