Boneless Cow Beef & Beef Trimmings - Afternoon

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LM_XB401
Des Moines, IA                  Thu, Jun 19, 2014               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 unevenly steady; 85% was 
generally steady; 75% and 65% were firm to higher; Other lean percentages 
were not fully established. Beef trimmings firm on moderate to fairly good 
demand and moderate offerings.

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

Central                  20.16  Loads   --                       806,523  pounds
National                 38.00  Loads   --                     1,520,193  pounds
--------------------------------------------------------------------------------
FOB Plant - Central
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%              
  Frozen 92-94%                                            
  Fresh  90%                 7       253,906     $250.00     $255.00     $252.96
  Frozen 90%                                               
  Fresh  85%                11       331,399     $214.00     $234.33     $223.14
  Frozen 85%                                               
  Fresh  81%                 
  Frozen 81%                                               
  Fresh  75%                
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                 3       126,832     $166.00     $172.25     $169.64
  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%                10       327,157     $246.00     $255.00     $251.60
  Frozen 90%                                               
  Fresh  85%                12       335,399     $214.00     $234.33     $223.11
  Frozen 85%                                               
  Fresh  81%              
  Frozen 81%                                               
  Fresh  75%                 6        45,655     $183.00     $187.00     $184.75
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                 4       148,832     $166.00     $177.00     $170.73
  Frozen 65%                                               
  Fresh  50%                27       589,650     $126.05     $133.50     $128.93
  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.lpgmn@usda.gov
          24 Hour recorded market information 515-284-4830
          http://www.ams.usda.gov/LSMarketNews
1530C

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