The European Union has seen a significant decrease in its cow population, with a 5% drop over the past three years, leading to concerns within the region. Despite this, Spain has managed to maintain its production levels and even saw an increase in net beef production in the last year. This is largely due to a reduction in live animal exports, which has resulted in more domestic meat availability. The decline in European herds could potentially provide an opportunity for Latin American countries, especially Brazil, Argentina, Uruguay, Paraguay, and Bolivia, to increase their meat exports to Europe. However, these countries will need to adhere to the European market's increasing environmental restrictions if they hope to succeed.