Sunday Morning Report: Boneless Beef Price Summary

Cattle 1
FOB Plant basis negotiated sales for delivery within 0-21 day period, including
sales since last report, U.S.dollars per 100 pounds.

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

Central                  149.64  loads   --                    5,985,641  pounds
National                 217.53  loads   --                    8,701,330  pounds
East Coast                22.38  loads   --                      895,216  pounds
West Coast                13.45  loads   --                      538,147  pounds
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FOB Plant - Central
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
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Chemical Lean
  Fresh  92-94%             13       272,900     $265.53     $273.00     $270.97
  Frozen 92-94%                                            
  Fresh  90%                98     3,243,281     $257.11     $272.00     $262.81
  Frozen 90%                 2        42,000     $262.00     $265.00     $263.50
  Fresh  85%                62     1,637,105     $227.00     $257.00     $234.98
  Frozen 85%                                               
  Fresh  81%                 6       252,000     $212.00     $212.00     $212.00
  Frozen 81%                                               
  Fresh  75%                 8       184,237     $179.00     $196.00     $184.61
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                12       343,618     $146.00     $172.00     $163.31
  Frozen 65%                                               
Bull Product
  Fresh  94-96%              5        10,500     $260.00     $276.00     $269.17
  Frozen 94-96%                                            
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FOB Plant - National
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%             13       272,900     $265.53     $273.00     $270.97
  Frozen 92-94%                                            
  Fresh  90%               125     3,982,497     $257.11     $275.00     $263.87
  Frozen 90%                 2        42,000     $262.00     $265.00     $263.50
  Fresh  85%                77     2,012,821     $226.50     $260.00     $237.79
  Frozen 85%                                               
  Fresh  81%                 6       252,000     $212.00     $212.00     $212.00
  Frozen 81%                                               
  Fresh  75%                16       311,002     $179.00     $196.00     $183.81
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                27       535,284     $146.00     $172.00     $163.26
  Frozen 65%                                               
  Fresh  50%                60     1,269,096     $128.00     $166.00     $154.76
  Frozen 50%                                               
Bull Product
  Fresh  94-96%              5        10,500     $260.00     $276.00     $269.17
  Frozen 94-96%                                            
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FOB Plant - East Coast
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%                                            
  Frozen 92-94%                                            
  Fresh  90%                20       643,216     $258.00     $275.00     $269.20
  Frozen 90%                                               
  Fresh  85%                 6       252,000     $255.00     $259.00     $257.33
  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%                                            
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FOB Plant - West Coast
                         # of        Total              Price           Weighted
                         Trades      Pounds             Range           Average
--------------------------------------------------------------------------------
Chemical Lean
  Fresh  92-94%                                            
  Frozen 92-94%                                            
  Fresh  90%                 7        96,000     $260.00     $268.00     $264.00
  Frozen 90%                                               
  Fresh  85%                 9       123,716     $226.50     $260.00     $235.24
  Frozen 85%                                               
  Fresh  81%                                               
  Frozen 81%                                               
  Fresh  75%                 8       126,765     $181.07     $188.50     $182.65
  Frozen 75%                                               
  Fresh  73%                                               
  Frozen 73%                                               
  Fresh  65%                15       191,666     $157.93     $167.00     $163.16
  Frozen 65%                                               
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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