Boneless Cow Beef & Beef Trimmings - Afternoon

LM_XB401
Des Moines, IA                  Fri, Apr 06, 2012               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 unevenly steady; 85% was 
steady to firm; 65% was firm to 1.00 higher; Other lean percentages were 
not fully established. Beef trimmings higher on light to moderate demand 
and offerings.

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

Central                  26.58  Loads   --                     1,063,154  pounds
National                 42.97  Loads   --                     1,718,715  pounds
--------------------------------------------------------------------------------
FOB Plant - Central
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%              4        37,515     $226.07     $229.00     $227.03
  Frozen 92-94%                                            
  Fresh  90%                12       248,305     $217.57     $221.57     $218.91
  Frozen 90%                 1       172,000     $225.00     $225.00     $225.00
  Fresh  85%                12       367,114     $199.00     $212.71     $206.74
  Frozen 85%                                               
  Fresh  81%                                               
  Frozen 81%                                               
  Fresh  75%                 1        42,000     $166.37     $166.37     $166.37
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                 6       196,220      $93.50     $134.32     $106.43
  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%              5        79,515     $226.07     $229.00     $228.07
  Frozen 92-94%                                            
  Fresh  90%                12       248,305     $217.57     $221.57     $218.91
  Frozen 90%                 1       172,000     $225.00     $225.00     $225.00
  Fresh  85%                13       385,114     $199.00     $212.71     $206.72
  Frozen 85%                                               
  Fresh  81%                                               
  Frozen 81%                                               
  Fresh  75%                 1        42,000     $166.37     $166.37     $166.37
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                 8       212,220      $93.50     $134.32     $105.94
  Frozen 65%                                               
  Fresh  50%                17       579,561      $50.00      $68.50      $58.96
  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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