Boneless Cow Beef & Beef Trimmings - Morning

LM_XB400
Des Moines, IA                  Mon, Apr 09, 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 news: Lean boneless was mostly firm to 1.00 higher; 
85% was mostly steady; 81%, 75% and 65% were unevenly steady; Other lean 
percentages were not fully established.


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

Central                  30.71  Loads   --                     1,228,201  pounds
National                 95.93  Loads   --                     3,837,086  pounds
--------------------------------------------------------------------------------
FOB Plant - Central
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%              6        35,700     $226.70     $232.81     $229.21
  Frozen 92-94%                                            
  Fresh  90%                15       356,429     $217.00     $223.00     $219.55
  Frozen 90%                                               
  Fresh  85%                 6       216,509     $199.90     $209.00     $205.62
  Frozen 85%                                               
  Fresh  81%                 5       210,000     $190.50     $190.50     $190.50
  Frozen 81%                                               
  Fresh  75%                 4       105,000     $169.89     $170.75     $169.98
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                 9       304,563      $97.50     $114.88     $109.70
  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%              7        77,700     $226.70     $232.81     $229.48
  Frozen 92-94%                                            
  Fresh  90%                27       534,904     $217.00     $223.00     $219.77
  Frozen 90%                                               
  Fresh  85%                24       799,709     $199.90     $212.41     $206.34
  Frozen 85%                                               
  Fresh  81%                 5       210,000     $190.50     $190.50     $190.50
  Frozen 81%                                               
  Fresh  75%                 6       116,588     $164.63     $176.63     $169.84
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                22       564,963      $97.50     $129.00     $115.26
  Frozen 65%                                               
  Fresh  50%                40     1,533,222      $45.00      $62.00      $49.14
  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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5. U.S. coal prices steadily increase value
6. Angus breeders honored by the Beef Improvement Federation

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3. Canadian CJD cases are “classical" form
4. Jolley: What is to become of beef?
5. Will Smith dethroned in latest Peterson Farm Bros. parody
6. New ads emphasize agriculture’s role in economic recovery