Boneless Cow Beef & Beef Trimmings - Afternoon

LM_XB401
Des Moines, IA                  Fri, May 04, 2012               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 mostly weak to lower; 85% and 
75% was unevenly steady; Other lean percentages were not fully established.
Beef trimmings sharply lower on nearby delivery with moderate demand and 
moderate to heavy offerings. 

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

Central                  22.01  Loads   --                       880,278  pounds
National                 52.31  Loads   --                     2,092,342  pounds
--------------------------------------------------------------------------------
FOB Plant - Central
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%              
  Frozen 92-94%                                            
  Fresh  90%                14       471,046     $224.79     $228.04     $226.55
  Frozen 90%                                               
  Fresh  85%                 4       138,896     $209.09     $224.11     $214.40
  Frozen 85%                                               
  Fresh  81%                                               
  Frozen 81%                                               
  Fresh  75%                 4        94,264     $168.00     $170.21     $168.33
  Frozen 75%                                               
  Fresh  73%                 4       167,672     $164.00     $164.00     $164.00
  Frozen 73%                                               
  Fresh  65%                                               
  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%              2        50,400     $233.29     $241.25     $239.92
  Frozen 92-94%                                            
  Fresh  90%                18       636,591     $224.79     $228.04     $226.50
  Frozen 90%                                               
  Fresh  85%                 6       179,996     $209.09     $224.11     $214.08
  Frozen 85%                                               
  Fresh  81%                                               
  Frozen 81%                                               
  Fresh  75%                 4        94,264     $168.00     $170.21     $168.33
  Frozen 75%                                               
  Fresh  73%                 5       180,663     $156.00     $164.00     $163.42
  Frozen 73%                                               
  Fresh  65%                                               
  Frozen 65%                                               
  Fresh  50%                26       950,428      $69.00      $88.00      $76.48
  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.lgmn@usda.gov
          24 Hour recorded market information 515-284-4830
          http://www.ams.usda.gov/LSMarketNews
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