Overall consumption may be down but I believe that specialty meat consumption is on the rise. It's a lot healthier product without the grain base in it. So there is still money to be made in the beef industry. Also, you're right, Asia has fallen in love with our beef, especially since Argentina ripped up land to try to capitalize on the short run of high grain prices.
BG is in full of sh.. salesman mode now.
I'm going to run out and buy a T-Bone.