Advice and Tips

Boneless Cow Beef & Beef Trimmings - Afternoon

LM_XB401

Des Moines, IA                  Mon, Jun 23, 2014               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 steady to firm; 85% was unevenly 

steady; 81% was 4.00 higher; 75% was firm to higher; 65% was unevenly steady on 

a light test; Other lean percentages were not fully established. Beef trimmings 

higher on good demand and moderate to heavy offerings. 



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



Central                  46.85  Loads   --                     1,873,923  pounds

National                 82.57  Loads   --                     3,302,932  pounds

--------------------------------------------------------------------------------

FOB Plant - Central

                         # of        Total              Price           Weighted

                         Trades      Pounds             Range           Average

--------------------------------------------------------------------------------

Chemical Lean

  Fresh  92-94%             12       291,900     $258.31     $263.55     $260.85

  Frozen 92-94%                                            

  Fresh  90%                26       737,648     $250.36     $260.00     $253.76

  Frozen 90%                                               

  Fresh  85%                17       449,326     $221.00     $229.00     $222.65

  Frozen 85%                                               

  Fresh  81%                 5       205,800     $206.00     $206.00     $206.00

  Frozen 81%                                               

  Fresh  75%                 4       123,821     $181.50     $199.00     $184.01

  Frozen 75%                                               

  Fresh  73%                                               

  Frozen 73%                                               

  Fresh  65%                 2        65,428     $170.27     $172.50     $171.75

  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%             12       291,900     $258.31     $263.55     $260.85

  Frozen 92-94%                                            

  Fresh  90%                26       737,648     $250.36     $260.00     $253.76

  Frozen 90%                                               

  Fresh  85%                17       449,326     $221.00     $229.00     $222.65

  Frozen 85%                                               

  Fresh  81%                 5       205,800     $206.00     $206.00     $206.00

  Frozen 81%                                               

  Fresh  75%                 8       225,120     $181.50     $199.00     $184.33

  Frozen 75%                                               

  Fresh  73%                                               

  Frozen 73%                                               

  Fresh  65%                 5        72,640     $170.25     $172.50     $171.60

  Frozen 65%                                               

  Fresh  50%                49     1,320,498     $112.00     $147.00     $122.61

  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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