Boneless Cow Beef & Beef Trimmings - Afternoon

LM_XB401
Des Moines, IA                  Wed, May 02, 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 mostly firm; 85% was 1.00 
to 2.00 higher; 75% was mostly firm to higher; 65% was firm to higher; Other 
lean percentages were not fully established. Beef trimmings lower on light to 
moderate demand and offerings.

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

Central                  16.37  Loads   --                       654,769  pounds
National                 40.05  Loads   --                     1,602,115  pounds
--------------------------------------------------------------------------------
FOB Plant - Central
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%              5       107,963     $242.00     $243.00     $242.52
  Frozen 92-94%                                            
  Fresh  90%                10       218,978     $225.00     $229.00     $226.69
  Frozen 90%                                               
  Fresh  85%                 6       106,312     $210.00     $218.00     $212.71
  Frozen 85%                                               
  Fresh  81%                                               
  Frozen 81%                                               
  Fresh  75%                 4        63,300     $166.53     $180.00     $170.40
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                 4        97,198     $114.00     $129.00     $114.65
  Frozen 65%                                               
Bull Product
  Fresh  94-96%              2        61,018     $235.00     $236.00     $235.66
  Frozen 94-96%                                            
--------------------------------------------------------------------------------
FOB Plant - National
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%              6       149,003     $235.00     $243.00     $240.45
  Frozen 92-94%                                            
  Fresh  90%                11       259,812     $225.00     $229.00     $226.58
  Frozen 90%                                               
  Fresh  85%                 8       183,616     $210.00     $218.00     $214.11
  Frozen 85%                                               
  Fresh  81%               
  Frozen 81%                                               
  Fresh  75%                 6       105,788     $163.63     $180.00     $167.70
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                 8       243,598     $109.00     $140.00     $125.37
  Frozen 65%                                               
  Fresh  50%                22       559,280      $81.00      $91.00      $85.61
  Frozen 50%
Bull Product
  Fresh  94-96%              2        61,018     $235.00     $236.00     $235.66
  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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