Advice and Tips

Boneless Cow Beef & Beef Trimmings - Afternoon

LM_XB401

Des Moines, IA                  Thu, Oct 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 1.00 to 2.00 higher; 85% and 

75% were generally steady; 65% was moderately higher on a light test; Other 

lean percentages were not fully established. Beef trimmings higher on moderate 

demand and light offerings.



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



Central                  22.64  Loads   --                       905,709  pounds

National                 35.88  Loads   --                     1,435,396  pounds

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

FOB Plant - Central

                         # of        Total              Price           Weighted

                         Trades      Pounds             Range           Average

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

Chemical Lean

  Fresh  92-94%              2        52,000     $311.38     $312.00     $311.50

  Frozen 92-94%                                            

  Fresh  90%                16       400,449     $295.00     $299.00     $297.46

  Frozen 90%                                               

  Fresh  85%                 9       341,579     $269.00     $276.00     $272.54

  Frozen 85%                                               

  Fresh  81%                                               

  Frozen 81%                                               

  Fresh  75%                 2        49,681     $235.00     $238.05     $235.59

  Frozen 75%                                               

  Fresh  73%                                               

  Frozen 73%                                               

  Fresh  65%                 3        62,000     $177.00     $178.34     $177.91

  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%              2        52,000     $311.38     $312.00     $311.50

  Frozen 92-94%                                            

  Fresh  90%                19       438,449     $295.00     $299.00     $297.34

  Frozen 90%                                               

  Fresh  85%                11       387,579     $269.00     $276.00     $272.72

  Frozen 85%                                               

  Fresh  81%                                               

  Frozen 81%                                               

  Fresh  75%                 5        70,699     $231.00     $238.05     $234.24

  Frozen 75%                                               

  Fresh  73%                                               

  Frozen 73%                                               

  Fresh  65%                 4        76,000     $177.00     $185.00     $179.21

  Frozen 65%                                               

  Fresh  50%                15       410,669     $116.82     $122.00     $119.67

  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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