LM_XB401
Des Moines, IA                  Mon, Oct 21, 2019               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 was sharply higher on a light test;
92-94% lean was unevenly steady; 85% trimmings were mostly moderately lower; 
Other lean percentages were not fully established. Beef trimmings sharply higher 
on good demand and light to moderate offerings.  

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

Central                  15.74 Loads   --                        629,676  pounds
National                 25.85 Loads   --                      1,034,064  pounds
--------------------------------------------------------------------------------
FOB Plant - Central
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%             12       289,165     $225.00     $229.50     $227.77
  Frozen 92-94%                                            
  Fresh  90%                 3       104,154     $218.00     $220.00     $219.62
  Frozen 90%                                               
  Fresh  85%                11       236,357     $185.00     $195.00     $190.77
  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%             12       289,165     $225.00     $229.50     $227.77
  Frozen 92-94%                                            
  Fresh  90%                 3       104,154     $218.00     $220.00     $219.62
  Frozen 90%                                               
  Fresh  85%                16       276,751     $185.00     $195.00     $190.15
  Frozen 85%                                               
  Fresh  81%                                               
  Frozen 81%                                               
  Fresh  75%                                               
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                                               
  Frozen 65%                                               
  Fresh  50%                15       363,994      $50.12      $65.00      $56.13
  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 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

.