Boneless Cow Beef & Beef Trimmings - Afternoon

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LM_XB401
Des Moines, IA                  Mon, Jul 21, 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 firm to higher; 85% was weak 
to lower; 81% was 3.00 higher; 75% was unevenly steady; 65% was firm to higher 
on a light test; Other lean percentages were not fully established. Beef 
trimmings higher on moderate demand and light to moderate offerings.

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

Central                  49.57  Loads   --                     1,982,789  pounds
National                 65.27  Loads   --                     2,610,831  pounds
--------------------------------------------------------------------------------
FOB Plant - Central
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%             15       411,684     $299.88     $308.69     $305.24
  Frozen 92-94%                                            
  Fresh  90%                31       891,284     $290.00     $295.00     $292.37
  Frozen 90%                                               
  Fresh  85%                12       339,503     $261.00     $277.50     $264.39
  Frozen 85%                                               
  Fresh  81%                 6       245,700     $243.00     $243.00     $243.00
  Frozen 81%                                               
  Fresh  75%                 2        56,700     $200.41     $201.36     $200.94
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                 3        37,918     $180.80     $188.73     $184.13
  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%             16       435,048     $299.88     $311.00     $305.55
  Frozen 92-94%                                            
  Fresh  90%                33       932,474     $290.00     $295.00     $292.40
  Frozen 90%                                               
  Fresh  85%                15       453,503     $261.00     $277.50     $264.04
  Frozen 85%                                               
  Fresh  81%                 6       245,700     $243.00     $243.00     $243.00
  Frozen 81%                                               
  Fresh  75%                 5       153,631     $200.41     $201.36     $201.02
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                 4        43,918     $180.80     $188.73     $184.25
  Frozen 65%                                               
  Fresh  50%                13       346,557     $138.50     $142.00     $139.74
  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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