Boneless Cow Beef & Beef Trimmings - Morning

LM_XB400
Des Moines, IA                  Fri, Feb 15, 2013               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 firm to 2.00 higher; 85% was
unevenly steady; 65% was sharply higher; Other lean percentages were not fully
established.


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

Central                  17.30  Loads   --                       692,008  pounds
National                 49.40  Loads   --                     1,976,197  pounds
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FOB Plant - Central
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%              2        44,000     $226.44     $228.00     $226.51
  Frozen 92-94%                                            
  Fresh  90%                11       455,758     $212.00     $215.56     $214.53
  Frozen 90%                                               
  Fresh  85%                 5       144,100     $190.44     $197.00     $192.62
  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%             11       233,202     $225.25     $229.50     $227.01
  Frozen 92-94%                                            
  Fresh  90%                19       673,758     $212.00     $217.00     $214.43
  Frozen 90%                                               
  Fresh  85%                17       504,100     $190.00     $197.50     $194.13
  Frozen 85%                                               
  Fresh  81%                 
  Frozen 81%                                               
  Fresh  75%                                               
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                13       402,150     $117.00     $129.50     $126.50
  Frozen 65%                                               
  Fresh  50%                 7       120,987      $65.00      $72.00      $68.30
  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. NCBA program and New Holland to answer producer questions
2. Drop in U.S. underground water levels has accelerated
3. Farmland values: Not falling but not accelerating as fast
4. U.S. food labels seen heating up North America meat war
5. Seven jobs more dangerous than farming
6. USMEF board meeting kicks off Wednesday in D.C.

1. Michigan hay buyers should plan purchases early
2. New animal identification rules aid disease traceability
3. U.S. cattle placements rise in April as feed costs subside
4. Corn planting pace turns from record slow to record fast
5. Ag markets were mixed to start the new week
6. Survey reveals most Americans in favor of COOL

1. Tyson selects panel to monitor animal welfare program
2. BeefTalk: How do we get the next generation to raise beef?
3. Meat and climate change: How significant is the impact?
4. 2014 Farm Bill: Are we near an agreement?
5. Farm bill and immigration reform action needed
6. Boxed beef hits record highs, cattle weak to lower