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Boneless Cow Beef & Beef Trimmings - Afternoon

USDA   |   Updated: February 22, 2012


LM_XB401
Des Moines, IA                  Wed, Feb 22, 2012               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 weak to 1.00 lower; 85% was 
mostly 1.00 higher; 75% and 65% were unevenly steady; Other lean percentages 
were not fully established. Beef trimmings generally steady on light to 
moderate demand and offerings.

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

Central                  22.18  Loads   --                       887,116  pounds
National                 39.01  Loads   --                     1,560,500  pounds
--------------------------------------------------------------------------------
FOB Plant - Central
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%                                            
  Frozen 92-94%                                            
  Fresh  90%                18       491,737     $213.00     $226.00     $217.18
  Frozen 90%                 2        82,560     $220.00     $221.00     $220.51
  Fresh  85%                 9       159,172     $201.00     $207.00     $203.87
  Frozen 85%                                               
  Fresh  81%                                               
  Frozen 81%                                               
  Fresh  75%                 3        44,801     $163.69     $165.00     $164.42
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                 6        94,846     $136.00     $144.00     $136.75
  Frozen 65%                                               
Bull Product
  Fresh  94-96%              1        14,000     $226.00     $226.00     $226.00
  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       579,148     $213.00     $226.00     $216.59
  Frozen 90%                 2        82,560     $220.00     $221.00     $220.51
  Fresh  85%                 9       159,172     $201.00     $207.00     $203.87
  Frozen 85%                                               
  Fresh  81%                                               
  Frozen 81%                                               
  Fresh  75%                 5       110,465     $157.63     $165.00     $160.38
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                 6        94,846     $136.00     $144.00     $136.75
  Frozen 65%                                               
  Fresh  50%                14       520,309      $97.05     $102.05      $99.95
  Frozen 50%
Bull Product
  Fresh  94-96%              1        14,000     $226.00     $226.00     $226.00
  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
1530C

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