Boneless Cow Beef & Beef Trimmings - Afternoon

LM_XB401
Des Moines, IA                  Fri, Jul 27, 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 generally steady; 85% was 
sharply lower; 75% was unevenly steady; 65% was mostly 2.00 to 3.00 lower; 
Other lean percentages were not fully established. Beef trimmings steady 
to weak on light to moderate demand and moderate offerings.

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

Central                  33.16  Loads   --                     1,326,355  pounds
National                 75.88  Loads   --                     3,035,194  pounds
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FOB Plant - Central
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%                                            
  Frozen 92-94%                                            
  Fresh  90%                 8       203,075     $202.00     $211.00     $207.88
  Frozen 90%                                               
  Fresh  85%                25       846,560     $167.00     $201.18     $176.53
  Frozen 85%                                               
  Fresh  81%                                               
  Frozen 81%                                               
  Fresh  75%                 3        92,400     $154.05     $155.05     $154.60
  Frozen 75%                                               
  Fresh  73%                
  Frozen 73%                                               
  Fresh  65%                 5       150,500      $99.50     $103.29     $102.12
  Frozen 65%                                               
Bull Product
  Fresh  94-96%              3         4,500     $234.00     $240.00     $236.33
  Frozen 94-96%                                            
--------------------------------------------------------------------------------
FOB Plant - National
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%              2        52,000     $221.00     $221.30     $221.24
  Frozen 92-94%                                            
  Fresh  90%                19       435,075     $201.50     $217.08     $207.68
  Frozen 90%                                               
  Fresh  85%                35     1,110,560     $167.00     $201.18     $180.29
  Frozen 85%                                               
  Fresh  81%                                               
  Frozen 81%                                               
  Fresh  75%                 3        92,400     $154.05     $155.05     $154.60
  Frozen 75%                                               
  Fresh  73%                
  Frozen 73%                                               
  Fresh  65%                13       401,488      $99.50     $103.29     $101.52
  Frozen 65%                                               
  Fresh  50%                29       909,851      $38.00      $48.00      $44.85
  Frozen 50%
Bull Product
  Fresh  94-96%              3         4,500     $234.00     $240.00     $236.33
  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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