Boneless Cow Beef & Beef Trimmings - Morning

LM_XB400
Des Moines, IA                  Thu, Jan 24, 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 unevenly steady; 85% and 65% 
were weak lower; Other lean percentages were not fully established.



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

Central                  28.92  Loads   --                     1,156,765  pounds
National                 50.19  Loads   --                     2,007,667  pounds
--------------------------------------------------------------------------------
FOB Plant - Central
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%                                            
  Frozen 92-94%                                            
  Fresh  90%                17       628,800     $212.00     $213.25     $212.87
  Frozen 90%                                               
  Fresh  85%                15       461,187     $189.00     $192.85     $191.48
  Frozen 85%                                               
  Fresh  81%                                               
  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%                                            
  Frozen 92-94%                                            
  Fresh  90%                22       754,800     $212.00     $213.84     $212.89
  Frozen 90%                                               
  Fresh  85%                25       707,187     $184.00     $195.97     $190.83
  Frozen 85%                                               
  Fresh  81%                                               
  Frozen 81%                                               
  Fresh  75%                                               
  Frozen 75%                                               
  Fresh  73%                 
  Frozen 73%                                               
  Fresh  65%                 6       146,000     $123.00     $128.38     $125.73
  Frozen 65%                                               
  Fresh  50%                10       374,902      $62.85      $74.00      $69.42
  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. Class III futures close out quietly last week
2. Weather report: Rain spreads across the Corn Belt
3. Ag markets were mixed to start the new week
4. Workshop to discuss nutrient application, management, stewardship
5. Help for flood affected farmers
6. Ag markets diverged significantly Friday afternoon

1. AFBF: Important agriculture issues ahead for Congress
2. Cheese may be key to weight-loss success
3. Analysis: Dairy Security Act better for farmers, taxpayers
4. Ag markets were mixed to start the new week
5. Simple steps to identify and treat metritis
6. Farmers dodge showers to plant corn at breakneck pace

1. Analysis: Dairy Security Act better for farmers, taxpayers
2. World food supply depends on character, virtuous leadership
3. Commentary: Slanting the statistics
4. Buffet concerned about soil and starvation
5. Cold spring stunts upper Midwest hay crop
6. 2014 Farm Bill: Are we near an agreement?