Boneless Cow Beef & Beef Trimmings - Afternoon

LM_XB401
Des Moines, IA                  Fri, May 11, 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 mostly 
1.00 lower; 81% was moderately higher; 75% was unevenly steady; 65% was higher; 
Other lean percentages were not fully established. Beef trimmings higher on 
moderate demand and light to moderate offerings.

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

Central                  28.53  Loads   --                     1,141,151  pounds
National                102.12  Loads   --                     4,084,732  pounds
--------------------------------------------------------------------------------
FOB Plant - Central
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%                                            
  Frozen 92-94%                                            
  Fresh  90%                10       285,014     $228.00     $231.00     $228.81
  Frozen 90%                                               
  Fresh  85%                14       496,837     $210.00     $216.50     $213.09
  Frozen 85%                                               
  Fresh  81%                 2        84,000     $196.00     $196.00     $196.00
  Frozen 81%                                               
  Fresh  75%                 5       195,300     $166.50     $166.50     $166.50
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                 2        80,000     $109.52     $125.61     $117.57
  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%              2        52,000     $242.00     $243.30     $243.05
  Frozen 92-94%                                            
  Fresh  90%                38       886,270     $225.00     $233.00     $228.93
  Frozen 90%                                               
  Fresh  85%                32       858,837     $210.00     $216.50     $213.10
  Frozen 85%                                               
  Fresh  81%                 3       104,000     $196.00     $205.50     $197.83
  Frozen 81%                                               
  Fresh  75%                 5       195,300     $166.50     $166.50     $166.50
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                30     1,041,806     $109.52     $126.00     $120.34
  Frozen 65%                                               
  Fresh  50%                26       946,519      $57.00      $77.45      $65.94
  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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