Boneless Cow Beef & Beef Trimmings - Morning

LM_XB400
Des Moines, IA                  Mon, May 21, 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 steady; 85% was mostly 2.00 to 
3.00 lower; 81% was mostly steady; 65% was unevenly steady; Other lean 
percentages were not fully established.


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

Central                  44.97  Loads   --                     1,798,743  pounds
National                 68.08  Loads   --                     2,723,270  pounds
--------------------------------------------------------------------------------
FOB Plant - Central
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%              9       100,800     $237.02     $244.98     $241.17
  Frozen 92-94%                                            
  Fresh  90%                22       564,912     $227.00     $230.62     $228.99
  Frozen 90%                                               
  Fresh  85%                14       515,583     $210.00     $217.42     $212.69
  Frozen 85%                                               
  Fresh  81%                 5       210,000     $192.00     $192.00     $192.00
  Frozen 81%                                               
  Fresh  75%                 3        94,500     $162.59     $162.59     $162.59
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                12       312,948      $96.98     $123.00     $116.63
  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%              9       100,800     $237.02     $244.98     $241.17
  Frozen 92-94%                                            
  Fresh  90%                23       584,912     $227.00     $230.62     $229.00
  Frozen 90%                                               
  Fresh  85%                17       566,900     $210.00     $217.42     $212.82
  Frozen 85%                                               
  Fresh  81%                 6       250,000     $192.00     $206.80     $194.37
  Frozen 81%                                               
  Fresh  75%                 3        94,500     $162.59     $162.59     $162.59
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                17       369,506      $96.98     $123.00     $116.89
  Frozen 65%                                               
  Fresh  50%                27       756,652      $43.00      $62.58      $52.82
  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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