Boneless Cow Beef & Beef Trimmings - Afternoon

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LM_XB401
Des Moines, IA                  Thu, Oct 11, 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 firm to 1.00 higher;  
85% and 75% were mostly 1.00 to 2.00 lower; 65% was unevenly steady; Other 
lean percentages were not fully established. Beef trimmings weak on light 
to moderate demand and moderate offerings.

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

Central                  52.26  Loads   --                     2,090,475  pounds
National                 82.12  Loads   --                     3,284,850  pounds
--------------------------------------------------------------------------------
FOB Plant - Central
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%              6       250,000     $210.00     $214.00     $210.64
  Frozen 92-94%                                            
  Fresh  90%                38     1,330,546     $200.00     $205.62     $201.40
  Frozen 90%                                               
  Fresh  85%                 7       186,155     $178.00     $188.00     $183.64
  Frozen 85%                                               
  Fresh  81%                                               
  Frozen 81%                                               
  Fresh  75%                 
  Frozen 75%                                               
  Fresh  73%                 3       126,000     $137.33     $137.33     $137.33
  Frozen 73%                                               
  Fresh  65%                 5       157,774     $107.00     $113.00     $109.12
  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%              8       289,236     $208.00     $218.00     $211.01
  Frozen 92-94%                                            
  Fresh  90%                42     1,459,635     $200.00     $210.00     $201.80
  Frozen 90%                                               
  Fresh  85%                11       282,155     $178.00     $188.00     $184.27
  Frozen 85%                                               
  Fresh  81%                                               
  Frozen 81%                                               
  Fresh  75%                 2        63,514     $141.00     $144.00     $142.11
  Frozen 75%                                               
  Fresh  73%                 3       126,000     $137.33     $137.33     $137.33
  Frozen 73%                                               
  Fresh  65%                19       541,125     $105.00     $113.00     $108.44
  Frozen 65%                                               
  Fresh  50%                17       523,185      $50.00      $54.00      $52.03
  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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