Boneless Cow Beef & Beef Trimmings - Afternoon

LM_XB401
Des Moines, IA                  Tue, Apr 10, 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 1.00 to 3.00 higher; 85% was 
mostly 1.00 to 2.00 higher on a light test; 65% was unevenly steady; 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                  31.74  Loads   --                     1,269,530  pounds
National                 48.60  Loads   --                     1,944,160  pounds
--------------------------------------------------------------------------------
FOB Plant - Central
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%              8        71,527     $226.70     $239.00     $235.39
  Frozen 92-94%                                            
  Fresh  90%                20       546,844     $217.00     $227.00     $220.80
  Frozen 90%                                               
  Fresh  85%                 6       178,668     $203.00     $214.00     $206.90
  Frozen 85%                                               
  Fresh  81%                 
  Frozen 81%                                               
  Fresh  75%                                               
  Frozen 75%                                               
  Fresh  73%                 5       192,752     $148.00     $148.00     $148.00
  Frozen 73%                                               
  Fresh  65%                 8       271,339      $93.00     $113.30      $96.30
  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%             10       151,133     $226.70     $239.00     $231.79
  Frozen 92-94%                                            
  Fresh  90%                23       626,085     $217.00     $228.00     $220.89
  Frozen 90%                                               
  Fresh  85%                 8       202,644     $203.00     $214.00     $207.06
  Frozen 85%                                               
  Fresh  81%                 2        48,400     $190.50     $197.60     $196.37
  Frozen 81%                                               
  Fresh  75%                
  Frozen 75%                                               
  Fresh  73%                 5       192,752     $148.00     $148.00     $148.00
  Frozen 73%                                               
  Fresh  65%                11       320,740      $93.00     $120.00      $99.68
  Frozen 65%                                               
  Fresh  50%                20       394,681      $48.00      $67.50      $57.23
  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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