Boneless Cow Beef & Beef Trimmings - Afternoon

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LM_XB401
Des Moines, IA                  Mon, Nov 19, 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 1.00 to 2.00 higher;
85% was unevenly steady; 81% and 75% were mostly steady; 65% was firm to higher; 
Other lean percentages were not fully established. Beef trimmings higher on 
moderate demand and moderate to heavy offerings.


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

Central                  61.41  Loads   --                     2,456,525  pounds
National                108.31  Loads   --                     4,332,223  pounds
--------------------------------------------------------------------------------
FOB Plant - Central
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%              8       134,400     $212.13     $218.45     $215.58
  Frozen 92-94%                                            
  Fresh  90%                48     1,380,916     $203.98     $209.48     $205.94
  Frozen 90%                                               
  Fresh  85%                12       242,070     $181.00     $194.00     $186.74
  Frozen 85%                                               
  Fresh  81%                 6       252,000     $168.00     $168.00     $168.00
  Frozen 81%                                               
  Fresh  75%                 6       179,323     $144.00     $155.00     $147.62
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                12       267,816     $115.00     $125.00     $116.31
  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       134,400     $212.13     $218.45     $215.58
  Frozen 92-94%                                            
  Fresh  90%                52     1,524,916     $203.98     $209.48     $205.95
  Frozen 90%                                               
  Fresh  85%                21       470,771     $180.00     $194.00     $187.22
  Frozen 85%                                               
  Fresh  81%                 6       252,000     $168.00     $168.00     $168.00
  Frozen 81%                                               
  Fresh  75%                 6       179,323     $144.00     $155.00     $147.62
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                22       519,645     $114.00     $125.00     $116.39
  Frozen 65%                                               
  Fresh  50%                46     1,251,168      $64.00      $80.00      $72.33
  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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