Boneless Cow Beef & Beef Trimmings - Afternoon

LM_XB401
Des Moines, IA                  Tue, Dec 11, 2012               USDA Market News

NATIONAL/REGIONAL DAILY BONELESS PROCESSING BEEF AND BEEF TRIMMINGS -
Negotiated Sales - Afternoon

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 and 85% trimmings were mostly 
weak to 1.00 lower; 65% was unevenly steady; Other lean percentages were 
not fully established. Beef trimmings higher on light to moderate demand 
and offerings.

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

Central                  13.78  Loads   --                       551,288  pounds
National                 49.52  Loads   --                     1,980,791  pounds
--------------------------------------------------------------------------------
FOB Plant - Central
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%                                            
  Frozen 92-94%                                            
  Fresh  90%                10       387,531     $205.00     $211.00     $207.82
  Frozen 90%                                               
  Fresh  85%                 2        61,028     $186.65     $187.00     $186.88
  Frozen 85%                                               
  Fresh  81%                                               
  Frozen 81%                                               
  Fresh  75%                                               
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                 3        75,599     $118.50     $122.00     $118.78
  Frozen 65%                                               
Bull Product
  Fresh  94-96%              3        27,130     $223.00     $237.00     $224.99
  Frozen 94-96%                                            
--------------------------------------------------------------------------------
FOB Plant - National
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%                                            
  Frozen 92-94%                                            
  Fresh  90%                17       614,859     $205.00     $211.00     $207.60
  Frozen 90%                                               
  Fresh  85%                16       495,574     $181.00     $193.57     $186.88
  Frozen 85%                                               
  Fresh  81%                                               
  Frozen 81%                                               
  Fresh  75%                                               
  Frozen 75%                                               
  Fresh  73%                 
  Frozen 73%                                               
  Fresh  65%                 8       213,599     $118.00     $122.00     $119.66
  Frozen 65%                                               
  Fresh  50%                29       603,569      $72.00      $79.00      $75.89
  Frozen 50%
Bull Product
  Fresh  94-96%              3        27,130     $223.00     $237.00     $224.99
  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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