Boneless Cow Beef & Beef Trimmings - Morning

LM_XB400
Des Moines, IA                  Thu, May 03, 2012               USDA Market News

NATIONAL/REGIONAL DAILY BONELESS PROCESSING BEEF AND BEEF TRIMMINGS -
Negotiated Sales - Morning

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 firm to 2.00 higher; 
85% was unevenly steady; 75% was steady to weak; Other lean percentages were
not fully established.


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

Central                  28.19  Loads   --                     1,127,522  pounds
National                 44.10  Loads   --                     1,764,003  pounds
--------------------------------------------------------------------------------
FOB Plant - Central
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%              
  Frozen 92-94%                                            
  Fresh  90%                19       535,916     $224.37     $232.00     $226.95
  Frozen 90%                 1        42,000     $228.00     $228.00     $228.00
  Fresh  85%                14       338,406     $210.58     $215.00     $213.38
  Frozen 85%                                               
  Fresh  81%                 1        42,000     $196.00     $196.00     $196.00
  Frozen 81%                                               
  Fresh  75%                 4       122,900     $167.00     $177.00     $169.47
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                
  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%              9       158,300     $238.70     $248.00     $247.22
  Frozen 92-94%                                            
  Fresh  90%                24       651,916     $224.37     $233.50     $227.69
  Frozen 90%                 1        42,000     $228.00     $228.00     $228.00
  Fresh  85%                15       348,406     $210.58     $215.00     $213.38
  Frozen 85%                                               
  Fresh  81%                 2        62,000     $196.00     $202.10     $197.97
  Frozen 81%                                               
  Fresh  75%                 5       124,831     $167.00     $177.00     $169.47
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                
  Frozen 65%                                               
  Fresh  50%                12       336,550      $82.00      $93.00      $86.12
  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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