Markets

Boneless Cow Beef & Beef Trimmings - Afternoon

LM_XB401

Des Moines, IA                  Mon, Nov 24, 2014               USDA Market News



NATIONAL/REGIONAL DAILY BONELESS PROCESSING BEEF AND BEEF TRIMMINGS -

Negotiated Sales - Afternoon



FOB Plant basis negotiated sales for delivery within 0-21 day period, including

sales since last report, U.S.dollars per 100 pounds.



Compared to last market test: Lean boneless was unevenly steady; 85% trimmings  

were firm to higher; 81% was 1.00 lower; 75% and 65% was unevenly steady;

Other lean percentages were not fully established. Beef trimmings higher on 

moderate demand and light offerings.



CURRENT VOLUME - (one load equals 40,000 pounds)



Central                  54.44  Loads   --                     2,177,445  pounds

National                 65.62  Loads   --                     2,624,992  pounds

--------------------------------------------------------------------------------

FOB Plant - Central

                         # of        Total              Price           Weighted

                         Trades      Pounds             Range           Average

--------------------------------------------------------------------------------

Chemical Lean

  Fresh  92-94%              7       201,879     $310.06     $311.61     $310.95

  Frozen 92-94%                                            

  Fresh  90%                39     1,256,877     $293.00     $300.00     $295.88

  Frozen 90%                                               

  Fresh  85%                12       184,651     $271.00     $290.25     $275.10

  Frozen 85%                                               

  Fresh  81%                 4       168,000     $249.00     $249.00     $249.00

  Frozen 81%                                               

  Fresh  75%                 6       137,805     $229.00     $235.05     $231.16

  Frozen 75%                                               

  Fresh  73%                                               

  Frozen 73%                                               

  Fresh  65%                 9       228,233     $170.79     $187.05     $175.88

  Frozen 65%                                               

Bull Product

  Fresh  94-96%                                            

  Frozen 94-96%                                            

--------------------------------------------------------------------------------

FOB Plant - National

                         # of        Total              Price           Weighted

                         Trades      Pounds             Range           Average

--------------------------------------------------------------------------------

Chemical Lean

  Fresh  92-94%              7       201,879     $310.06     $311.61     $310.95

  Frozen 92-94%                                            

  Fresh  90%                43     1,386,984     $293.00     $300.00     $295.88

  Frozen 90%                                               

  Fresh  85%                12       184,651     $271.00     $290.25     $275.10

  Frozen 85%                                               

  Fresh  81%                 4       168,000     $249.00     $249.00     $249.00

  Frozen 81%                                               

  Fresh  75%                 7       172,069     $229.00     $235.05     $231.16

  Frozen 75%                                               

  Fresh  73%                                               

  Frozen 73%                                               

  Fresh  65%                11       231,719     $170.79     $187.05     $175.90

  Frozen 65%                                               

  Fresh  50%                12       279,690     $108.00     $118.00     $115.08

  Frozen 50%

Bull Product

  Fresh  94-96%                                            

  Frozen 94-96%                                            

--------------------------------------------------------------------------------

Regional Breakdown:

  Central - AR,CO,IA,IL,IN,KS,KY,LA,MI,MO,MN,MT,ND,NE,NM,OH,OK,SD,TN,TX,WI.

  National - all states

  East Coast - AL,CT,DC,DE,FL,GA,MA,MD,ME,MS,NC,NH,NJ,NY,PA,RI,SC,VA,VT,WV.

  West Coast - AK,AZ,CA,HI,ID,NV,OR,UT,WA,WY.

--------------------------------------------------------------------------------

Source:   USDA Market News Service, Des Moines, IA

          515-284-4460      email: desm.lpgmn@usda.gov

          24 Hour recorded market information 515-284-4830

          http://www.ams.usda.gov/LSMarketNews

1530C



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