What's Happens Next for US Beef Trade in Asia?

On Monday (December 12), after nearly two years of waiting on the Japanese to re-open their market to United States Beef, Agriculture Secretary Mike Johanns announced that US Beef would soon be returning to the Japanese marketplace. Once the largest market for US Beef in terms of total dollars, the US is not expected to recapture more than 20% of what once existed in trade...it's not because of the Japanese trust of US Beef, but rather because of their doubts on beef in general. NCBA Chief Economist Greg Doud spoke with me in Hong Kong about what happens next for US Beef in other Asian nations.