1. Impossible, unless we do major damage to the other areas within the firmly established decades long cheap food policy in order to restore midwest production. We can't magically force the west to suddenly stop being a desert, so they'll always be what they are. Inconsistent, with a slow decrease as stored water disappears. The powers that be could hedge against this loss by improving our abilities to refill the western aquifers.

2. There's not another country on the planet that can compete with a fresh midwest fed and processed steak. Logistics and inability make it impossible. Canada can some close, but they've been losing acres to trees and brush for a decade because fighting the tundra just isn't a fun way to live. 

3. Pork and Chicken are very near their peak efficiencies. They're mature industries. Their damage has been done and beef has weathered the storm. Neither seem to be able compete with the eating experience. So much so the heads within the pork board are now getting their hopes up about target the coming hispanic boom while that very market is telling them they want 1" steaks on their grill. Hamburger prices and consumer demand would even indicate beef is actually pulling their industries up.    

There's really nothing wrong with status quo. The "we need change" is a manufactured mantra. Consumers are consuming and producers are producing. Things are fine and working as they should.

If you insist on bringing the price down, import it all and a few of us will just go the way of the lamb. Hell, it'd probably even improve the rural the divorce rate.