By early Wednesday, about two-thirds of the export market for beef had already dried up, with Japan, South Korea, Hong Kong, Taiwan, Singapore, Malaysia, Russia and South Africa all banning imports of American beef, agriculture officials said. This equals about 10 percent of American beef, worth about $2.6 billion a year. Meanwhile, the meat industry is seeking to reassure consumers. This comprehenseive article with the NY Times does an excellent review of the meat crisis. Please read my entry below for further comments on Mad Cow.
New York Times December 25, 2003