NW_LS421 Des Moines, IA Wed, May 14, 2008 USDA Market News IMPORT BEEF TRADE Compared to Last Week: Imported bull and cow meat was mostly steady to firm on light to moderate demand and light offerings. Further processing operations are unwilling to relinqish any market share and limit production with the Memorial Day weekend on the horizon. Also, grinders anticipate an increase demand for the summer months as consummers compare ground beef to muscle cuts as a lower priced protein source. Note: A substaintial amount of 95% bull meat traded steady for delivery past the reporting window. AUSTRALIA AND NEW ZEALAND - FOB AND TIS 0-15 Days BULL MEAT: East Coast West Coast 95% 175.00- 176.00 174.00 COW MEAT: 95% 90% 166.00 CFM Fores 85% 161.50 Shank 85-90% Chuck 85% Beef Trim 85% 157.00 Beef Trim 80% Beef Trim 75% Beef Trim 70% Beef Trim 65% 100 % LEAN: Top Rounds Flats & Eyes S.P.B. 16-45 Days BULL MEAT: East Coast West Coast 95% 176.00 174.00 COW MEAT: 95% 175.00 173.00 90% 168.00 CFM Fores 85% 164.00 Shank 85-90% 168.00 Chuck 85% Beef Trim 85% Beef Trim 80% 156.00- 158.00 Beef Trim 75% ----------------------------------------------------------------------------- URUGUAY - FOB AND TIS BULL MEAT: 0-15 Days 16-45 Days 95% COW MEAT: 95% 90% CFM Fores 85% Beef Trim 85% Beef Trim 80% Beef Trim 75% Source: USDA Market News, Des Moines, IA Phone: 515-284-4460 email: desm.lgmn@usda.gov 24 Hour recorded market information 515-284-4830 www.ams.usda.gov/LSMarketNews 1300C .