Boneless Cow Beef & Beef Trimmings - Afternoon

LM_XB401
Des Moines, IA                  Fri, Apr 13, 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 and 85% trimmings were mostly 
1.00 to 2.00 lower; 75% was firm to higher on a light test; 65% was firm
to higher; Other lean percentages were not fully established. Beef trimmings 
higher on moderate to fairly good demand and moderate offerings.

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

Central                  19.37  Loads   --                       774,712  pounds
National                 44.42  Loads   --                     1,776,848  pounds
--------------------------------------------------------------------------------
FOB Plant - Central
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%              3        35,864     $232.00     $239.00     $238.22
  Frozen 92-94%                                            
  Fresh  90%                 8       296,560     $217.00     $223.50     $221.17
  Frozen 90%                                               
  Fresh  85%                 5       147,306     $200.77     $209.00     $203.26
  Frozen 85%                                               
  Fresh  81%                                               
  Frozen 81%                                               
  Fresh  75%                 2        26,500     $159.00     $172.00     $166.85
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                 9       268,482      $96.00     $121.00     $107.59
  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%              4        77,864     $232.00     $239.00     $235.03
  Frozen 92-94%                                            
  Fresh  90%                 9       338,560     $217.00     $223.50     $221.27
  Frozen 90%                                               
  Fresh  85%                 6       164,106     $200.77     $209.00     $203.79
  Frozen 85%                                               
  Fresh  81%                 1        40,000     $197.00     $197.00     $197.00
  Frozen 81%                                               
  Fresh  75%                 3        30,363     $157.58     $172.00     $165.67
  Frozen 75%                                               
  Fresh  73%                
  Frozen 73%                                               
  Fresh  65%                11       272,094      $96.00     $121.00     $107.59
  Frozen 65%                                               
  Fresh  50%                23       836,863      $51.00      $63.00      $55.62
  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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