Boneless Cow Beef & Beef Trimmings - Morning

LM_XB400
Des Moines, IA                  Wed, May 02, 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 test: Lean boneless was not established; 85% was 
unevenly steady on a light test; Other lean percentages were not fully
established.


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

Central                   4.30  Loads   --                       171,873  pounds
National                  7.30  Loads   --                       291,804  pounds
--------------------------------------------------------------------------------
FOB Plant - Central
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%              
  Frozen 92-94%                                            
  Fresh  90%                 
  Frozen 90%                                               
  Fresh  85%                 3        46,410     $210.00     $212.00     $210.19
  Frozen 85%                                               
  Fresh  81%                                               
  Frozen 81%                                               
  Fresh  75%                 
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%               
  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%              
  Frozen 92-94%                                            
  Fresh  90%                
  Frozen 90%                                               
  Fresh  85%                 4        82,410     $210.00     $214.95     $212.27
  Frozen 85%                                               
  Fresh  81%                
  Frozen 81%                                               
  Fresh  75%                
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                 
  Frozen 65%                                               
  Fresh  50%                                               
  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

.

1. U.S. dollar strength weighed heavily on commodities overnight
2. Natural gas prices averages $3.97 per MMBtu for June
3. House begins Farm Bill debate
4. Measuring consumer satisfaction for beef producers
5. Natural gas production declines in the GOM strong on the mainland
6. U.S. electricity prices grows 1.1% in 2013

1. Will Smith dethroned in latest Peterson Farm Bros. parody
2. 3,000 pounds of copper wire stolen from Oklahoma ranch
3. Crude oil expected to peak and cost of electricity to go down
4. Changes in U.S.-Mexican cattle and beef trade
5. Peterson Brothers: What summer vacation?
6. 2100: 11 billion mouths to feed

1. COOL isn’t working
2. Feedyard margins a train wreck, packers cozy
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