LM_XB401
Des Moines, IA                  Fri, Feb 28, 2020               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, 85% and 65% trimmings were
unevenly steady; Other lean percentages were not fully established. Beef
trimmings mostly moderately lower on light demand and light to moderate
offerings.

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

Central                  28.12 Loads   --                      1,124,875  pounds
National                 53.27 Loads   --                      2,130,774  pounds
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FOB Plant - Central
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%                                            
  Frozen 92-94%                                            
  Fresh  90%                13       280,558     $219.00     $227.00     $223.74
  Frozen 90%                                               
  Fresh  85%                13       302,916     $178.00     $201.00     $191.68
  Frozen 85%                                               
  Fresh  81%                 6       239,400     $163.00     $163.00     $163.00
  Frozen 81%                                               
  Fresh  75%                                               
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                11       302,001      $87.00     $107.00      $98.02
  Frozen 65%                                               
Bull Product
  Fresh  94-96%                                            
  Frozen 94-96%                                            
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FOB Plant - National
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%                                            
  Frozen 92-94%                                            
  Fresh  90%                25       482,933     $219.00     $237.00     $227.47
  Frozen 90%                                               
  Fresh  85%                23       589,668     $178.00     $203.00     $194.10
  Frozen 85%                                               
  Fresh  81%                 6       239,400     $163.00     $163.00     $163.00
  Frozen 81%                                               
  Fresh  75%                                               
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                18       471,988      $82.00     $107.00      $97.14
  Frozen 65%                                               
  Fresh  50%                13       346,785      $55.00      $61.50      $59.52
  Frozen 50%
Bull Product
  Fresh  94-96%                                            
  Frozen 94-96%                                            
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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.
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Source:    USDA Livestock, Poultry & Grain Market News Division, Des Moines, IA
           515-284-4460      email: desm.lpgmn@ams.usda.gov
           24 Hour recorded market information 515-284-4830
           www.ams.usda.gov/market-news/livestock-poultry-grain
1530C

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