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"And beef production won't increase until 2006 since, with the current high prices, ranchers will be sending as many heads as possible to the slaughterhouses" (msn.money.com).
If things weren't bad enough for the U.S. beef industry, in 2003 "Beijing suspended the imports, joining Singapore, Malaysia, Taiwan, Japan and South Korea" of U.S. beef after a cow in Washington tested positive for bovine spongiform encephalopathy BSE (CNN.com). According to the U.S. Meat Export Federation, Japan is the biggest export market for U.S. beef, importing $843 million worth last year (CNN.com).
A person would think that this would be the end for the U...
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