Boneless Cow Beef & Beef Trimmings - Afternoon

LM_XB401
Des Moines, IA                  Fri, Nov 16, 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 weak to 1.00 lower; 
85% and 65% trimmings were unevenly steady; Other lean percentages were not 
fully established. Beef trimmings sharply lower on light to moderate demand 
and moderate to heavy offerings.

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

Central                  34.95  Loads   --                     1,397,889  pounds
National                 77.50  Loads   --                     3,099,929  pounds
--------------------------------------------------------------------------------
FOB Plant - Central
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%                                            
  Frozen 92-94%                                            
  Fresh  90%                16       463,043     $203.00     $205.23     $204.05
  Frozen 90%                 2        42,000     $210.00     $212.00     $211.00
  Fresh  85%                24       759,792     $181.00     $192.15     $184.66
  Frozen 85%                                               
  Fresh  81%                                               
  Frozen 81%                                               
  Fresh  75%                 
  Frozen 75%                                               
  Fresh  73%                 4        33,667     $145.09     $149.01     $145.82
  Frozen 73%                                               
  Fresh  65%                 3        73,387     $116.00     $118.00     $116.05
  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%              
  Frozen 92-94%                                            
  Fresh  90%                20       625,043     $203.00     $206.00     $204.49
  Frozen 90%                 3        84,000     $210.00     $212.00     $211.00
  Fresh  85%                35     1,040,948     $181.00     $196.38     $185.55
  Frozen 85%                                               
  Fresh  81%                                               
  Frozen 81%                                               
  Fresh  75%                 
  Frozen 75%                                               
  Fresh  73%                 4        33,667     $145.09     $149.01     $145.82
  Frozen 73%                                               
  Fresh  65%                17       563,867     $114.00     $118.00     $116.43
  Frozen 65%                                               
  Fresh  50%                30       698,404      $59.00      $80.00      $69.91
  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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