Boneless Cow Beef & Beef Trimmings - Morning

LM_XB400
Des Moines, IA                  Fri, May 25, 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 unevenly steady; 85% was mostly 
steady; 65% was lower; Other lean percentages were not fully established.



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

Central                  15.53  Loads   --                       621,012  pounds
National                 44.97  Loads   --                     1,798,830  pounds
--------------------------------------------------------------------------------
FOB Plant - Central
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%             
  Frozen 92-94%                                            
  Fresh  90%                 9       254,664     $227.90     $232.00     $229.71
  Frozen 90%                                               
  Fresh  85%                10       316,209     $211.00     $219.43     $214.04
  Frozen 85%                                               
  Fresh  81%                                               
  Frozen 81%                                               
  Fresh  75%                
  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%              
  Frozen 92-94%                                            
  Fresh  90%                15       382,664     $227.90     $232.00     $230.31
  Frozen 90%                                               
  Fresh  85%                17       570,209     $211.00     $219.43     $214.45
  Frozen 85%                                               
  Fresh  81%                                               
  Frozen 81%                                               
  Fresh  75%                 
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                10       380,856     $102.00     $117.00     $111.45
  Frozen 65%                                               
  Fresh  50%                13       429,401      $51.00      $58.50      $52.76
  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
1130C

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2. Spring time storms and the cow herd
3. Jolley: A talk with Texas CBB member Dave Edmiston
4. Beef Quiz: New school lunch beef recipes
5. Boxed beef run continues; feedlot inventories down less
6. Meat and poultry trends in the U.S.

1. Michigan hay buyers should plan purchases early
2. Ag markets were mixed to start the new week
3. U.S. cattle placements rise in April as feed costs subside
4. Schwieterman: Cattle futures end week with sharp losses
5. The relationship between retail gasoline prices and futures prices
6. Insects. They’re what’s for dinner!

1. Tyson selects panel to monitor animal welfare program
2. 2014 Farm Bill: Are we near an agreement?
3. BeefTalk: How do we get the next generation to raise beef?
4. Farm bill and immigration reform action needed
5. Boxed beef hits record highs, cattle weak to lower