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Thu January 31, 2013
Now That Beef With Japan Is Over, Missouri's Economy Stands To Gain
Originally published on Thu January 31, 2013 11:45 am
Japan's decision to ease restrictions on U.S. beef imports will provide a boost to the American meat industry, but tight supplies may limit how much exports can grow this year.
Beef producers hope to restore Japanese sales to where they were before the first case of mad cow disease was found in the United States in 2003.
Democratic Senator Claire McCaskill commended Japan’s decision to ease restrictions on U.S. beef imports, saying it will be a boost for Missouri's economy.
“Japan had been very unreasonable with the ban they put in place," McCaskill told reporters in a conference call. "But more good news for Missouri agriculture. Our exports have long been the shining light for economic picture for some time now.”
National Cattlemen's Beef Association President J.D. Alexander said Monday the Japanese rules should improve profits for the industry.
If Japan's decision to allow imports of beef from cattle up to 30-months-old leads to higher demand overall, American consumers may pay more for beef.
But the North American Meat Association says the effect on prices is likely to be limited because many popular cuts of meat in Japan, like tongue, aren't popular in America.
Follow Chris McDaniel on Twitter: @csmcdaniel