Japan's domestic food supply faces plenty of threats, including nuclear radiation, a crippled distribution infrastructure and a shaky electric grid. But there's some good news for U.S. suppliers: A shortage of domestic beef and pork could increase the market for imported meat.
The American beef market has rebounded since the dark days of 2003, when a report of "mad cow disease" virtually shut down U.S. beef and pork exports. Now, thanks to strong demand from Asia, industry officials say 2010 was the best year ever for U.S. beef exports.
Meat eaters, brace yourselves for higher prices in the months to come. After a long economic slide, U.S. beef prices are rising again, as demand both at home and abroad increases. American consumers must now compete with Asian customers for popular beef short ribs.