Boneless Cow Beef & Beef Trimmings - Afternoon

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LM_XB401
Des Moines, IA                  Thu, May 10, 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 1.00 to 3.00 higher; 
85% and 75% were mostly weak to 2.00 lower; 65% was sharply lower; Other 
lean percentages were not fully established. Beef trimmings sharply lower 
on moderate demand and heavy offerings.

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

Central                  46.32  Loads   --                     1,852,752  pounds
National                 97.07  Loads   --                     3,882,964  pounds
--------------------------------------------------------------------------------
FOB Plant - Central
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%              6        99,387     $237.00     $246.00     $242.12
  Frozen 92-94%                                            
  Fresh  90%                22       745,782     $223.00     $233.00     $227.82
  Frozen 90%                 1        42,000     $230.00     $230.00     $230.00
  Fresh  85%                16       574,025     $211.69     $217.86     $213.49
  Frozen 85%                                               
  Fresh  81%                                               
  Frozen 81%                                               
  Fresh  75%                 2        80,000     $163.00     $163.00     $163.00
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                10       311,558     $100.50     $121.00     $104.52
  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%             19       378,000     $237.00     $250.00     $245.24
  Frozen 92-94%                                            
  Fresh  90%                30       937,913     $223.00     $234.50     $228.53
  Frozen 90%                 1        42,000     $230.00     $230.00     $230.00
  Fresh  85%                20       675,626     $211.69     $217.86     $213.81
  Frozen 85%                                               
  Fresh  81%                
  Frozen 81%                                               
  Fresh  75%                 4       128,375     $163.00     $167.00     $164.15
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                10       311,558     $100.50     $121.00     $104.52
  Frozen 65%                                               
  Fresh  50%                36     1,369,492      $58.00      $75.00      $63.06
  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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