I would suggest the prsent US beef prices are artificially high because there is beef in Canada being locked out of the supply chain for unsustainable reasons. This locked out beef will eventually have to be reconed with either domestically or abroad. So this Canadian beef will make the efficient trip to Seattle and beef in Liberal Ks will go to Japan like the market would dictate or a US embargo will simply send the Canadian beef to Japan and the National beef will go to Seattle.
From the time of the US embargo on Canadian beef, until packing space is constructed to deal with the excess beef, that beef is temporarilly out of the market so the price reflects an untrue picture of the quantity of beef really available. This is what results in our presently artificially high prices.