Boneless Cow Beef & Beef Trimmings - Morning

LM_XB400
Des Moines, IA                  Mon, Jan 07, 2013               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 firm; 85% was unevenly steady;
81% was sharply higher; 65% was unevenly steady; Other lean percentages were
not fully established.


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

Central                  33.20  Loads   --                     1,327,849  pounds
National                 64.54  Loads   --                     2,581,796  pounds
--------------------------------------------------------------------------------
FOB Plant - Central
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%              9       128,100     $217.37     $220.59     $219.65
  Frozen 92-94%                                            
  Fresh  90%                22       660,163     $206.29     $216.00     $210.20
  Frozen 90%                                               
  Fresh  85%                 9       298,086     $185.45     $190.03     $186.57
  Frozen 85%                                               
  Fresh  81%                 5       210,000     $174.00     $174.00     $174.00
  Frozen 81%                                               
  Fresh  75%                 
  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%             10       170,100     $217.37     $222.30     $220.31
  Frozen 92-94%                                            
  Fresh  90%                35       958,163     $205.00     $217.72     $209.72
  Frozen 90%                                               
  Fresh  85%                26       636,086     $182.00     $191.59     $186.71
  Frozen 85%                                               
  Fresh  81%                 5       210,000     $174.00     $174.00     $174.00
  Frozen 81%                                               
  Fresh  75%                 
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                14       243,043     $121.67     $123.00     $122.97
  Frozen 65%                                               
  Fresh  50%                 9       332,904      $70.00      $77.50      $73.63
  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
1130C

.

1. Corn planting pace turns from record slow to record fast
2. Ag markets seemed to follow gold higher Monday afternoon
3. Online systems keeps exporters abreast of market regulations
4. April milk production up 0.3 percent
5. New crop cottonseed market rallies in face of tight supplies
6. Corn and soybean prices continue to retrace 2012 drought rally

1. D.C. Watch: Farm bill progressing
2. April milk production up 0.3 percent
3. Class III futures close out quietly last week
4. What are the drivers of profit in your dairy herd?
5. Weather report: Rain spreads across the Corn Belt
6. Lowfat dairy may cut diabetes risk

1. Analysis: Dairy Security Act better for farmers, taxpayers
2. Commentary: Slanting the statistics
3. World food supply depends on character, virtuous leadership
4. Buffet concerned about soil and starvation
5. Cold spring stunts upper Midwest hay crop
6. N.M. rancher charged with 43 counts of animal cruelty