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Boneless Cow Beef & Beef Trimmings - Afternoon

11/03/2009 04:15PM

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LM_XB401
Des Moines, IA                  Tue, Nov 03, 2009               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 mostly firm to 1.00 higher; 
92-94% lean was mostly weak to 1.00 lower; 85% steady to firm on a light test; 
65% was mostly 1.00 to 2.00 higher; Other lean percentages were not established;
Beef trimmings weak on light to moderate demand and offerings.

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

Central                  11.31  Loads   --                       452,509  pounds
National                 28.27  Loads   --                     1,130,708  pounds
--------------------------------------------------------------------------------
FOB Plant - Central
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%              3        67,434     $134.00     $135.50     $135.10
  Frozen 92-94%                                            
  Fresh  90%                 7       139,182     $126.00     $131.00     $128.03
  Frozen 90%                                               
  Fresh  85%                 1        16,000     $119.00     $119.00     $119.00
  Frozen 85%                                               
  Fresh  81%                 3       118,800     $101.90     $101.90     $101.90
  Frozen 81%                                               
  Fresh  75%                                               
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                 3       111,093      $71.00      $75.00      $73.45
  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%              3        67,434     $134.00     $135.50     $135.10
  Frozen 92-94%                                            
  Fresh  90%                 8       145,147     $126.00     $131.00     $127.98
  Frozen 90%                                               
  Fresh  85%                 4        37,990     $114.25     $119.00     $116.46
  Frozen 85%                                               
  Fresh  81%                 3       118,800     $101.90     $101.90     $101.90
  Frozen 81%                                               
  Fresh  75%                                               
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                 4       121,593      $71.00      $75.00      $73.28
  Frozen 65%                                               
  Fresh  50%                23       639,744      $57.00      $63.25      $60.73
  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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