Advice and Tips

Boneless Cow Beef & Beef Trimmings - Afternoon

LM_XB401

Des Moines, IA                  Mon, Oct 20, 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 generally steady; 85% was firm;

81% was mostly steady; 75% was steady to weak; 65% was generally steady; Other 

lean percentages were not fully established. Beef trimmings firm on light demand 

and offerings compared to last Thursday.



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



Central                  43.21  Loads   --                     1,728,476  pounds

National                 55.65  Loads   --                     2,225,945  pounds

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

FOB Plant - Central

                         # of        Total              Price           Weighted

                         Trades      Pounds             Range           Average

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

Chemical Lean

  Fresh  92-94%             12       291,900     $304.22     $312.25     $309.38

  Frozen 92-94%                                            

  Fresh  90%                32       974,255     $294.54     $299.00     $296.31

  Frozen 90%                                               

  Fresh  85%                 8       125,885     $272.57     $287.50     $274.95

  Frozen 85%                                               

  Fresh  81%                 6       231,000     $250.00     $250.00     $250.00

  Frozen 81%                                               

  Fresh  75%                 4        63,436     $234.01     $247.00     $238.30

  Frozen 75%                                               

  Fresh  73%                                               

  Frozen 73%                                               

  Fresh  65%                                               

  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     $304.22     $312.25     $309.38

  Frozen 92-94%                                            

  Fresh  90%                33     1,000,480     $294.54     $299.00     $296.33

  Frozen 90%                                               

  Fresh  85%                 9       165,885     $272.57     $287.50     $274.48

  Frozen 85%                                               

  Fresh  81%                 6       231,000     $250.00     $250.00     $250.00

  Frozen 81%                                               

  Fresh  75%                 7       170,590     $232.71     $247.00     $234.85

  Frozen 75%                                               

  Fresh  73%                                               

  Frozen 73%                                               

  Fresh  65%                 5        71,578     $179.24     $187.00     $181.79

  Frozen 65%                                               

  Fresh  50%                12       294,512     $114.00     $118.00     $116.28

  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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