Boneless Cow Beef & Beef Trimmings - Afternoon

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LM_XB401
Des Moines, IA                  Mon, May 07, 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 the last market test: Lean boneless was steady to weak; 85% was 
unevenly steady; 81% was steady to weak; 75% was 2.00 to 3.00 lower; 65% was 
unevenly steady; Other lean percentages were not fully established. Beef 
trimmings higher on moderate demand and light to moderate offerings.

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

Central                  41.67  Loads   --                     1,666,894  pounds
National                 61.44  Loads   --                     2,457,790  pounds
--------------------------------------------------------------------------------
FOB Plant - Central
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%              9        92,049     $234.56     $243.00     $238.94
  Frozen 92-94%                                            
  Fresh  90%                27       556,081     $223.00     $228.00     $226.36
  Frozen 90%                                               
  Fresh  85%                12       314,908     $209.69     $215.00     $212.10
  Frozen 85%                                               
  Fresh  81%                 6       252,000     $192.00     $192.00     $192.00
  Frozen 81%                                               
  Fresh  75%                 3       100,800     $167.12     $167.12     $167.12
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                11       351,056     $113.53     $123.00     $118.48
  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%              9        92,049     $234.56     $243.00     $238.94
  Frozen 92-94%                                            
  Fresh  90%                27       556,081     $223.00     $228.00     $226.36
  Frozen 90%                                               
  Fresh  85%                14       344,250     $209.69     $215.00     $212.13
  Frozen 85%                                               
  Fresh  81%                 7       292,000     $192.00     $202.30     $193.41
  Frozen 81%                                               
  Fresh  75%                 4       110,456     $165.00     $167.12     $166.93
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                18       429,984     $113.00     $123.00     $118.08
  Frozen 65%                                               
  Fresh  50%                20       632,970      $80.00      $87.50      $82.85
  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
1530C

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