Boneless Cow Beef & Beef Trimmings - Morning

LM_XB400
Des Moines, IA                  Tue, May 01, 2012               USDA Market News

NATIONAL/REGIONAL DAILY BONELESS PROCESSING BEEF AND BEEF TRIMMINGS -
Negotiated Sales - Morning

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 
steady to weak; 81% was weak to lower; Other lean percentages were not 
fully established.


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

Central                  30.16  Loads   --                     1,206,408  pounds
National                 39.18  Loads   --                     1,567,289  pounds
--------------------------------------------------------------------------------
FOB Plant - Central
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%              6        62,800     $232.29     $237.00     $235.22
  Frozen 92-94%                                            
  Fresh  90%                18       491,908     $222.87     $227.00     $225.29
  Frozen 90%                                               
  Fresh  85%                 9       318,000     $209.09     $215.00     $210.69
  Frozen 85%                                               
  Fresh  81%                 6       218,400     $192.00     $193.00     $192.96
  Frozen 81%                                               
  Fresh  75%                 3        84,000     $163.95     $169.53     $165.72
  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%              8       102,800     $232.29     $237.00     $235.89
  Frozen 92-94%                                            
  Fresh  90%                19       521,908     $222.87     $227.00     $225.39
  Frozen 90%                                               
  Fresh  85%                11       333,927     $209.09     $215.00     $210.86
  Frozen 85%                                               
  Fresh  81%                 6       218,400     $192.00     $193.00     $192.96
  Frozen 81%                                               
  Fresh  75%                 3        84,000     $163.95     $169.53     $165.72
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                
  Frozen 65%                                               
  Fresh  50%                11       274,954      $88.14      $91.50      $89.35
  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.lgmn@usda.gov
          24 Hour recorded market information 515-284-4830
          http://www.ams.usda.gov/LSMarketNews
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