Boneless Cow Beef & Beef Trimmings - Afternoon

LM_XB401
Des Moines, IA                  Wed, Nov 14, 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 1.00 to 2.00 lower; 85% and 
75% were firm to higher; 65% was firm to 2.00 higher; Other lean percentages 
were not fully established. Beef trimmings lower on a light test.


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

Central                  43.80  Loads   --                     1,752,038  pounds
National                 63.56  Loads   --                     2,542,572  pounds
--------------------------------------------------------------------------------
FOB Plant - Central
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%                                            
  Frozen 92-94%                                            
  Fresh  90%                35     1,237,295     $203.00     $207.17     $204.39
  Frozen 90%                                               
  Fresh  85%                11       247,861     $181.00     $195.00     $186.38
  Frozen 85%                                               
  Fresh  81%                                               
  Frozen 81%                                               
  Fresh  75%                 2        51,019     $144.00     $151.00     $145.41
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                 7       142,863     $116.00     $119.00     $116.61
  Frozen 65%                                               
Bull Product
  Fresh  94-96%              3        73,000     $221.00     $227.00     $221.74
  Frozen 94-96%                                            
--------------------------------------------------------------------------------
FOB Plant - National
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%                                            
  Frozen 92-94%                                            
  Fresh  90%                35     1,237,295     $203.00     $207.17     $204.39
  Frozen 90%                                               
  Fresh  85%                18       428,061     $181.00     $195.00     $186.09
  Frozen 85%                                               
  Fresh  81%                                               
  Frozen 81%                                               
  Fresh  75%                 3        79,549     $144.00     $151.00     $144.91
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                20       572,863     $114.00     $123.50     $119.85
  Frozen 65%                                               
  Fresh  50%                 6       151,804      $75.00      $77.00      $75.75
  Frozen 50%
Bull Product
  Fresh  94-96%              3        73,000     $221.00     $227.00     $221.74
  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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