How quickly will full beef-export trade be restored to Japan and South Korea?
Though it sounds like a broken record, optimism is growing that U.S. beef-export demand will be restored with Japan and South Korea sooner than later; Cattle-Fax is predicting some resolution in the first half of this year. With U.S. beef exports last year at about 70% of the 2003 level – before BSE closed markets – Cattle-Fax says a fully restored Japanese market would add an additional $65/head of fed cattle; fully restored trade with South Korea would add another $25-$30.
