Boneless Cow Beef & Beef Trimmings - Afternoon

LM_XB401
Des Moines, IA                  Thu, Apr 12, 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 mostly firm to higher; 85% was 
weak to 1.00 lower; 75% was were moderately to sharply lower; 65% was unevenly 
steady; Other lean percentages were not fully established. Beef trimmings weak 
on light to moderate demand and offerings.

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

Central                  40.79  Loads   --                     1,631,743  pounds
National                 70.57  Loads   --                     2,822,778  pounds
--------------------------------------------------------------------------------
FOB Plant - Central
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%              4        96,438     $228.00     $231.70     $228.41
  Frozen 92-94%                                            
  Fresh  90%                21       505,590     $217.98     $226.36     $222.15
  Frozen 90%                 2        84,000     $219.00     $219.00     $219.00
  Fresh  85%                16       538,515     $206.61     $209.00     $207.87
  Frozen 85%                                               
  Fresh  81%                                               
  Frozen 81%                                               
  Fresh  75%                 8       246,700     $148.00     $171.00     $154.84
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                 4       160,500      $96.00      $96.00      $96.00
  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%             11       242,438     $228.00     $244.00     $237.62
  Frozen 92-94%                                            
  Fresh  90%                26       619,590     $217.98     $228.00     $222.80
  Frozen 90%                 2        84,000     $219.00     $219.00     $219.00
  Fresh  85%                19       573,315     $203.84     $210.50     $207.89
  Frozen 85%                                               
  Fresh  81%                                               
  Frozen 81%                                               
  Fresh  75%                 9       275,669     $148.00     $171.00     $155.66
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                12       471,500      $96.00     $113.00     $105.18
  Frozen 65%                                               
  Fresh  50%                22       556,266      $45.00      $65.00      $50.72
  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
1530C

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2. Ag markets moved mostly higher Wednesday morning
3. Wet conditions threaten hay crop as harvest is delayed
4. UNL crop-residue presentations available online
5. Cow slaughter through May likely to exceed same period in 2012
6. Beef Quiz: Growing beef demand

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2. 3,000 pounds of copper wire stolen from Oklahoma ranch
3. Changes in U.S.-Mexican cattle and beef trade
4. Crude oil expected to peak and cost of electricity to go down
5. Peterson Brothers: What summer vacation?
6. Experts weigh in on lowest beef supply in 60 years

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2. Feedyard margins a train wreck, packers cozy
3. 2100: 11 billion mouths to feed
4. New tools emerging to measure soil health
5. Changes in U.S.-Mexican cattle and beef trade
6. How to grow beef demand