Boneless Cow Beef & Beef Trimmings - Morning

LM_XB400
Des Moines, IA                  Fri, May 11, 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 unevenly steady; 85% was 
mostly 1.00 lower; 81% was moderately higher; 75% was unevenly steady; Other 
lean percentages were not fully established.


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

Central                  18.88  Loads   --                       755,190  pounds
National                 23.12  Loads   --                       924,615  pounds
--------------------------------------------------------------------------------
FOB Plant - Central
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%                                            
  Frozen 92-94%                                            
  Fresh  90%                 5       189,000     $228.01     $231.00     $228.78
  Frozen 90%                                               
  Fresh  85%                 9       286,890     $210.00     $215.50     $213.45
  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%                                               
  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%                 8       270,425     $228.01     $231.00     $228.93
  Frozen 90%                                               
  Fresh  85%                11       302,890     $210.00     $216.27     $213.59
  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%                                               
  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

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