Boneless Cow Beef & Beef Trimmings - Afternoon

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LM_XB401
Des Moines, IA                  Fri, May 25, 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 unevenly steady; 85% was mostly 
steady; 75% was mostly 1.00 higher on a light market test; 65% was mostly lower; 
Other lean percentages were not fully established. Beef trimmings weak on light 
to moderate demand and offerings.

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

Central                  17.35  Loads   --                       693,840  pounds
National                 49.34  Loads   --                     1,973,634  pounds
--------------------------------------------------------------------------------
FOB Plant - Central
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%              2        14,700     $239.00     $239.00     $239.00
  Frozen 92-94%                                            
  Fresh  90%                 9       254,664     $227.90     $232.00     $229.71
  Frozen 90%                                               
  Fresh  85%                12       354,105     $211.00     $219.43     $213.74
  Frozen 85%                                               
  Fresh  81%                                               
  Frozen 81%                                               
  Fresh  75%                 2        44,100     $163.86     $166.55     $165.14
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                 2        26,271     $116.38     $116.96     $116.64
  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%              4        97,202     $239.00     $239.00     $239.00
  Frozen 92-94%                                            
  Fresh  90%                15       382,664     $227.90     $232.00     $230.31
  Frozen 90%                                               
  Fresh  85%                19       608,105     $211.00     $219.43     $214.25
  Frozen 85%                                               
  Fresh  81%                                               
  Frozen 81%                                               
  Fresh  75%                 4        51,825     $161.00     $166.55     $164.69
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                10       389,077     $111.00     $117.00     $111.71
  Frozen 65%                                               
  Fresh  50%                16       444,761      $51.00      $58.50      $52.81
  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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