LM_XB401 Des Moines, IA Tue, May 13, 2008 USDA Market News NATIONAL/REGIONAL DAILY BONELESS PROCESSING BEEF AND BEEF TRIMMINGS - Negotiated Sales - Afternoon This report is based on information provided by companies that agreed to continue to participate in Livestock Mandatory Reporting on a voluntary basis. 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 beef steady to firm on light test; 75% and 65% lean steady to 2.00 higher on light test; other lean percentages not established. Demand light to moderate for light offerings. Beef trimmings higher on moderate demand and light to moderate offerings. CURRENT VOLUME - (one load equals 40,000 pounds) Central 13.14 Loads -- 525,549 pounds National 29.71 Loads -- 1,188,527 pounds -------------------------------------------------------------------------------- FOB Plant - Central # of Total Price Weighted Trades Pounds Range Average -------------------------------------------------------------------------------- Chemical Lean Fresh 92-94% Frozen 92-94% Fresh 90% 7 115,511 $164.00 $166.00 $165.64 Frozen 90% 1 86,000 $170.00 $170.00 $170.00 Fresh 85% Frozen 85% Fresh 81% Frozen 81% Fresh 75% 3 55,886 $110.00 $116.00 $111.29 Frozen 75% Fresh 73% 1 43,640 $107.00 $107.00 $107.00 Frozen 73% Fresh 65% 6 224,512 $106.00 $110.25 $108.75 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% Frozen 92-94% Fresh 90% 7 115,511 $164.00 $166.00 $165.64 Frozen 90% 1 86,000 $170.00 $170.00 $170.00 Fresh 85% Frozen 85% Fresh 81% Frozen 81% Fresh 75% 3 55,886 $110.00 $116.00 $111.29 Frozen 75% Fresh 73% 1 43,640 $107.00 $107.00 $107.00 Frozen 73% Fresh 65% 8 266,413 $106.00 $111.50 $109.17 Frozen 65% Fresh 50% 30 621,077 $80.85 $90.00 $84.55 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 1530C .