Boneless Cow Beef & Beef Trimmings - Afternoon

LM_XB401
Des Moines, IA                  Thu, Nov 15, 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 firm to  1.00 higher; 85% was 
steady to firm; 75% was firm to 2.00 higher; 65% was unevenly steady; Other 
lean percentages were not fully established. Beef trimmings weak on light 
demand and light to moderate offerings.

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

Central                  53.72  Loads   --                     2,148,743  pounds
National                 94.14  Loads   --                     3,765,569  pounds
--------------------------------------------------------------------------------
FOB Plant - Central
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%              2        84,000     $216.94     $216.94     $216.94
  Frozen 92-94%                                            
  Fresh  90%                33     1,211,759     $203.00     $206.39     $204.21
  Frozen 90%                                               
  Fresh  85%                14       459,045     $181.00     $190.27     $183.65
  Frozen 85%                                               
  Fresh  81%                                               
  Frozen 81%                                               
  Fresh  75%                 6       134,718     $145.41     $153.00     $147.66
  Frozen 75%                                               
  Fresh  73%                 3       126,000     $149.01     $149.01     $149.01
  Frozen 73%                                               
  Fresh  65%                 6       133,221     $116.00     $128.00     $118.97
  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%             11       330,736     $216.94     $224.00     $219.93
  Frozen 92-94%                                            
  Fresh  90%                45     1,572,959     $203.00     $208.00     $204.73
  Frozen 90%                 4       210,000     $204.00     $211.00     $206.80
  Fresh  85%                23       720,661     $181.00     $197.43     $185.33
  Frozen 85%                                               
  Fresh  81%                                               
  Frozen 81%                                               
  Fresh  75%                 9       172,000     $144.00     $153.00     $146.96
  Frozen 75%                                               
  Fresh  73%                 3       126,000     $149.01     $149.01     $149.01
  Frozen 73%                                               
  Fresh  65%                16       323,779     $112.00     $128.00     $116.95
  Frozen 65%                                               
  Fresh  50%                12       309,434      $72.82      $80.00      $75.88
  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
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