Japan, Korea Halt U.S. Beef Imports on Mad Cow Scare

Japan and South Korea suspended imports of U.S. beef Wednesday after the United States reported its first case of mad cow disease. Those two countries -- the top two buyers of U.S. beef -- were followed by other key Asian buyers such as Singapore, Malaysia and Taiwan, while Australia and New Zealand said they would stop U.S. beef at their ports pending the outcome of U.S. tests on the infected animal.

This morning Russia, Thailand and Hong Kong also banned American beef.