Boneless Cow Beef & Beef Trimmings - Afternoon

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LM_XB401
Des Moines, IA                  Wed, Dec 18, 2013               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, 85% and 75% trimmings were 
generally steady;  65% was weak to lower; Other lean percentages were not 
fully established. Beef trimmings higher on moderate demand and light to 
moderate offerings.

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

Central                  36.92  Loads   --                     1,476,643  pounds
National                 46.11  Loads   --                     1,844,579  pounds
--------------------------------------------------------------------------------
FOB Plant - Central
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%                                            
  Frozen 92-94%                                            
  Fresh  90%                22       742,420     $198.00     $210.00     $203.98
  Frozen 90%                                               
  Fresh  85%                12       432,225     $186.09     $193.00     $189.36
  Frozen 85%                                               
  Fresh  81%                                               
  Frozen 81%                                               
  Fresh  75%                 2        30,000     $168.00     $170.00     $168.67
  Frozen 75%                                               
  Fresh  73%                 3       126,000     $150.45     $150.45     $150.45
  Frozen 73%                                               
  Fresh  65%                 6       145,998     $121.00     $132.12     $124.90
  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%                                            
  Frozen 92-94%                                            
  Fresh  90%                24       756,420     $198.00     $210.00     $204.04
  Frozen 90%                                               
  Fresh  85%                13       440,225     $186.09     $193.00     $189.37
  Frozen 85%                                               
  Fresh  81%                                               
  Frozen 81%                                               
  Fresh  75%                 2        30,000     $168.00     $170.00     $168.67
  Frozen 75%                                               
  Fresh  73%                 3       126,000     $150.45     $150.45     $150.45
  Frozen 73%                                               
  Fresh  65%                 7       165,998     $121.00     $133.00     $125.87
  Frozen 65%                                               
  Fresh  50%                14       325,936      $92.85     $106.00      $98.12
  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.lpgmn@usda.gov
          24 Hour recorded market information 515-284-4830
          http://www.ams.usda.gov/LSMarketNews
1530C

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