President Donald Trump has been cozy with Argentina's president. Now he's allowing more beef imports amid high prices. US cattle ranchers react.

Cattle futures prices fell in the second half of October on news that the U.S. may increase beef imports from Argentina. But beef prices didn't, and supply and demand remain about the same as before.

Brad Kooima of Kooima Kooima Varilek says while the cattle futures are distancing themselves from last week's lows he isn't sure if all of the bearish news is factored into the market yet. Meanwhile, ...