Boneless Cow Beef & Beef Trimmings - Afternoon

LM_XB401
Des Moines, IA                  Tue, May 01, 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 firm to higher; 85% was mostly 
steady; 81% was weak to lower; 75% was firm to higher; 65% was weak to lower; 
Other lean percentages were not fully established. Beef trimmings firm on 
moderate demand and light to moderate offerings.

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

Central                  37.26  Loads   --                     1,490,571  pounds
National                 51.97  Loads   --                     2,078,644  pounds
--------------------------------------------------------------------------------
FOB Plant - Central
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%              6        62,800     $232.29     $237.00     $235.22
  Frozen 92-94%                                            
  Fresh  90%                22       580,410     $222.87     $229.00     $225.38
  Frozen 90%                                               
  Fresh  85%                10       322,000     $209.09     $217.00     $210.77
  Frozen 85%                                               
  Fresh  81%                 6       218,400     $192.00     $193.00     $192.96
  Frozen 81%                                               
  Fresh  75%                 6       156,000     $163.95     $173.00     $166.36
  Frozen 75%                                               
  Fresh  73%                 1        43,015     $169.00     $169.00     $169.00
  Frozen 73%                                               
  Fresh  65%                 4       107,946     $109.15     $117.17     $113.49
  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%              9       143,923     $232.29     $237.00     $235.64
  Frozen 92-94%                                            
  Fresh  90%                25       654,510     $222.87     $232.50     $225.93
  Frozen 90%                                               
  Fresh  85%                13       379,112     $209.09     $217.00     $211.59
  Frozen 85%                                               
  Fresh  81%                 6       218,400     $192.00     $193.00     $192.96
  Frozen 81%                                               
  Fresh  75%                 6       156,000     $163.95     $173.00     $166.36
  Frozen 75%                                               
  Fresh  73%                 1        43,015     $169.00     $169.00     $169.00
  Frozen 73%                                               
  Fresh  65%                 4       107,946     $109.15     $117.17     $113.49
  Frozen 65%                                               
  Fresh  50%                17       375,738      $87.50      $93.00      $89.45
  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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