DAILY NATIONAL CARLOT MEAT REPORT

DAILY NATIONAL CARLOT MEAT REPORT USDA, Agricultural Marketing Service Des Moines, Iowa Ph# 515-284-4460 Livestock, Poultry and Seed Division Fx# 515-284-4231 Livestock, Poultry and Grain Market News 210 Walnut Street, Room 767 Washington, DC Ph# 202-720-6231 Des Moines, Iowa 50309-2106 Fx# 202-690-3732 Thursday, February 25, 2016 VOLUME 30, NO. 37 ESTIMATED DAILY LIVESTOCK SLAUGHTER UNDER FEDERAL INSPECTION CATTLE CALVES HOGS SHEEP Thursday 02/25/2016 (est) 109,000 1,000 388,000 8,000 Week ago (est) 107,000 1,000 437,000 8,000 Year ago (act) 109,000 1,000 424,000 8,000 Week to date (est) 423,000 7,000 1,678,000 33,000 Same Period Last Week (est) 408,000 7,000 1,733,000 31,000 Same Period Last Year (act) 420,000 7,000 1,665,000 32,000 Previous Day Estimated Steer and Heifer Cow and Bull Wednesday 80,000 22,000 NATIONAL DAILY BOXED BEEF CUTOUT AND BOXED BEEF CUTS - Negotiated Sales - Afternoon USDA ESTIMATED BOXED BEEF CUT-OUT VALUES - as of 1:30pm, based on FOB Plant negotiated prices and volume of boxed beef cuts delivered within 0-21 days and on average industry cutting yields. Values reflect U.S. dollars per 100 pounds. Boxed beef cutout values higher on Choice and firm on Select on light to moderate demand and light offerings. Select and Choice rib and round cuts steady to weak while loin cuts firm to higher. Choice chuck cuts firm while Select weak. Beef trimmings moderately higher on moderate demand and offerings. CHOICE SELECT 600-900 600-900 Current Cutout Values: 218.76 213.98 Change from prior day: 1.04 0.26 Choice/Select spread: 4.78 Total Load Count (Cuts, Trimmings, Grinds): 114 COMPOSITE PRIMAL VALUES Primal Rib 342.87 326.14 Primal Chuck 174.13 175.45 Primal Round 196.65 199.37 Primal Loin 299.36 280.55 Primal Brisket 144.19 147.07 Primal Short Plate 131.90 131.41 Primal Flank 118.25 118.64 LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 02/24 83 29 0 30 142 217.72 213.72 02/23 71 24 8 27 130 215.14 212.30 02/22 95 17 14 38 164 213.28 209.80 02/19 70 20 8 24 122 211.66 208.15 02/18 93 23 11 20 148 213.39 209.27 Current 5 Day Simple Average: 214.24 210.65 CURRENT VOLUME - (one load equals 40,000 pounds) Choice Cuts 61.80 loads 2,472,144 pounds Select Cuts 17.70 loads 707,941 pounds Trimmings 12.04 loads 481,762 pounds Ground Beef 22.09 loads 883,696 pounds Choice Cuts, Fat Limitations 1-6 (IM) = Individual Muscle IMPS/FL Sub-Primal # of Total Price Weighted Trades Pounds Range Average 109E 1 Rib, ribeye, lip-on, bn-in 9 20,535 650.20 741.00 661.15 112A 3 Rib, ribeye, bnls, light 10 9,559 790.00 849.75 820.42 112A 3 Rib, ribeye, bnls, heavy 16 38,201 779.00 810.00 786.07 113C 1 Chuck, semi-bnls, neck/off 6 8,209 225.00 254.75 228.16 114 1 Chuck, shoulder clod 13 86,651 202.00 215.00 205.86 114A 3 Chuck, shoulder clod, trmd 20 172,582 210.29 230.00 216.68 114D 3 Chuck, clod, top blade 5 15,837 288.00 324.00 304.51 114E 3 Chuck, clod, arm roast 8 103,818 286.00 370.00 292.16 114F 5 Chuck, clod tender (IM) 6 15,294 357.61 480.00 452.78 115 1 Chuck, 2-piece, boneless 116A 3 Chuck, roll, lxl, neck/off 24 83,663 281.00 315.25 298.42 116B 1 Chuck, chuck tender (IM) 4 5,451 282.00 290.00 285.28 3 Chuck roll, retail ready 120 1 Brisket, deckle-off, bnls 44 245,808 210.00 253.25 226.75 120A 3 Brisket, point/off, bnls 9 12,491 390.00 400.63 395.46 123A 3 Short Plate, short rib 7 10,586 449.70 469.75 450.43 130 4 Chuck, short rib 14 24,434 278.00 344.60 300.80 160 1 Round, bone-in 3 1,753 249.75 261.75 252.19 161 1 Round, boneless 5 4,359 270.00 283.00 278.91 3 Round, bnls/peeled heel-out 167A 4 Round, knuckle, peeled 25 130,045 258.36 302.00 267.12 168 1 Round, top inside round 19 91,395 238.00 260.00 244.24 168 3 Round, top inside round 19 132,856 248.00 269.00 256.04 169 5 Round, top inside, denuded 4 6,972 304.75 330.75 312.26 3 Round, top inside, side off 170 1 Round, bottom gooseneck 171B 3 Round, outside round 37 181,664 233.00 279.75 250.35 171C 3 Round, eye of round (IM) 33 183,258 240.00 280.00 251.82 174 1 Loin, short loin, 2x3 174 3 Loin, short loin, 0x1 11 5,288 561.00 588.00 574.35 175 3 Loin, strip loin, 1x1 180 1 Loin, strip, bnls, heavy 0 0 1 Loin, strip loin bnls. 1x1 5 7,893 569.00 569.00 569.00 180 3 Loin, strip, bnls, 0x1 23 36,035 541.73 650.00 616.10 184 1 Loin, top butt, bnls, heavy 5 3,535 355.00 358.00 355.69 184 3 Loin, top butt, boneless 18 75,520 362.00 389.00 375.59 185A 4 Loin, bottom sirloin, flap 42 490,767 483.00 594.75 507.52 185B 1 Loin, ball-tip, bnls, heavy 11 33,240 259.00 280.00 271.06 185C 1 Loin, sirloin, tri-tip (IM) 12 65,626 245.00 270.25 246.09 185D 4 Loin, tri-tip, pld (IM) 6 3,401 360.00 376.00 370.98 189A 4 Loin, tndrloin, trmd, heavy 11 9,820 995.60 1196.00 1070.48 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) 18 28,391 541.73 582.00 555.81

Thursday, February 25, 2016 Page 2 NATIONAL BOXED BEEF CUTS - NEGOTIATED SALES FOB Plant basis negotiated sales for delivery within 0-21 day period. Prior day sales after 1:30 PM are included. U.S. dollars per 100 pounds. Select Cuts, Fat Limitations 1-6 (IM) = Individual Muscle IMPS/FL Sub-Primal # of Total Price Weighted Trades Pounds Range Average 109E 1 Rib, ribeye, lip-on, bn-in 6 5,519 652.46 668.00 660.08 112A 3 Rib, ribeye, bnls, light 6 14,069 724.20 783.00 733.10 112A 3 Rib, ribeye, bnls, heavy 11 10,793 725.00 767.50 741.58 113C 1 Chuck, semi-bnls, neck/off 4 9,049 225.00 231.00 226.03 114 1 Chuck, shoulder clod 10 21,978 202.00 225.75 213.57 114A 3 Chuck, shoulder clod, trmd 6 35,309 213.00 220.00 214.83 114D 3 Chuck, clod, top blade 0 0 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 7 3,169 439.75 475.00 460.02 115 1 Chuck, 2-piece, boneless 116A 3 Chuck, roll, lxl, neck/off 7 16,527 295.00 310.00 296.60 116B 1 Chuck, chuck tender (IM) 7 10,649 284.75 300.75 291.13 3 Chuck roll, retail ready 0 0 120 1 Brisket, deckle-off, bnls 6 76,660 210.00 233.00 229.35 120A 3 Brisket, point/off, bnls 123A 3 Short Plate, short rib 7 4,278 314.50 425.00 382.79 130 4 Chuck, short rib 3 2,932 290.00 310.75 294.31 160 1 Round, bone-in 0 0 161 1 Round, boneless 0 0 3 Round, bnls/peeled heel-out 0 0 167A 4 Round, knuckle, peeled 4 8,043 273.00 290.00 274.17 168 1 Round, top inside round 5 14,174 238.00 262.98 241.59 168 3 Round, top inside round 8 14,085 247.00 275.75 252.38 169 5 Round, top inside, denuded 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 171B 3 Round, outside round 10 49,376 233.00 269.45 241.90 171C 3 Round, eye of round (IM) 13 22,968 250.98 275.75 260.18 174 1 Loin, short loin, 2x3 0 0 174 3 Loin, short loin, 0x1 6 2,533 519.00 570.00 542.98 175 3 Loin, strip loin, 1x1 180 1 Loin, strip, bnls, heavy 0 0 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 14 39,958 550.00 591.00 564.13 184 1 Loin, top butt, bnls, heavy 4 5,900 302.00 330.00 319.27 184 3 Loin, top butt, boneless 14 19,111 342.00 365.75 356.54 185A 4 Loin, bottom sirloin, flap 8 105,166 495.00 551.00 524.01 185B 1 Loin, ball-tip, bnls, heavy 5 2,932 255.00 275.00 268.76 185C 1 Loin, sirloin, tri-tip (IM) 6 9,900 234.00 256.50 246.62 185D 4 Loin, tri-tip, pld (IM) 0 0 189A 4 Loin, tndrloin, trmd, heavy 10 12,537 1002.00 1054.75 1032.20 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle 124 4 Rib, Back Ribs, Fresh 124 4 Rib, Back Ribs, Frozen 5 8,958 105.00 120.53 111.73 121D 4 Plate, Inside Skirt (IM) 18 130,882 388.87 420.00 404.41 121C 4 Plate, Outside Skirt (IM) 17 25,849 540.62 586.00 560.93 121E 6 Outside Skirt, pld (IM) 9 4,872 820.00 855.00 842.45 Cap, Wedge Meat & (IM) Lean 14 30,677 250.00 280.00 268.79 Pectoral Meat 18 23,323 248.31 300.00 267.94 GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind Ground Beef 73% 15 145,874 143.00 171.00 148.30 Ground Beef 75% Ground Beef 81% 18 74,807 166.00 192.00 178.23 Ground Beef 85% 0 0 Ground Beef 90% 0 0 Ground Beef 93% 5 16,999 297.00 333.50 326.63 Ground Beef Chuck 80% 9 101,991 190.00 206.00 191.98 Ground Beef Round 85% Ground Beef Sirloin 90% BLENDED GB - STEER/HEIFER/COW SOURCE - 10 Pound Chub Basis - Coarse & Fine Grind Blended Ground Beef 73% Blended Ground Beef 75% Blended Ground Beef 81% 7 148,620 163.00 194.25 170.27 Blended Ground Beef 85% Blended Ground Beef 90% Blended Ground Beef 93% Blended Ground Beef Chuck 80% Blended Ground Beef Round 85% Blended Ground Beef Sirloin 90% BEEF TRIMMINGS - STEER/HEIFER SOURCE - Fresh Combos & Frozen Boxed Fresh 50% lean trimmings 23 441,562 53.75 62.00 57.12 Frozen 50% lean trimmings FAT LIMITATIONS (FL) DESCRIPTION Maximum Average Fat Thickness Maximum Fat at any point 1. 3/4" (19mm) 1.0" 2. 1/4" (6mm) 1/2" 3. 1/8" (3mm) 1/4" 4. Practically free (75% surface lean exposed) 1/8" 5. Peeled/Denuded 1/8" 6. Peeled/Denuded, surface membrane removed 1/8" Items that have no entries indicate there were trades but not reportable because they did not meet the daily 3/70/20 guideline. Please refer to weekly LM_XB 459 as the item may qualify.

Thursday, February 25, 2016 Page 3 NATIONAL/REGIONAL DAILY BONELESS PROCESSING BEEF AND BEEF TRIMMINGS - Negotiated Sales - Afternoon FOB Plant basis negotiated sales for delivery within 0-21 day period, U.S. dollars per 100 pounds. Compared to last market test: Lean boneless was generally steady; 85% trimmings were moderately to sharply higher; 75% and 65% were firm to higher; Other lean percentages were not fully established. Beef trimmings moderately higher on moderate demand and offerings. CURRENT VOLUME - (one load equals 40,000 pounds) Central 25.77 Loads -- 1,030,864 pounds National 45.31 Loads -- 1,812,291 pounds FOB Plant - Central # of Total Price Weighted Trades Pounds Range Average Chemical Lean Fresh 92-94% 4 109,200 $218.87 $223.11 $221.46 Frozen 92-94% Fresh 90% 8 302,509 $215.00 $215.00 $215.00 Frozen 90% Fresh 85% 9 372,284 $192.89 $197.00 $195.63 Frozen 85% Fresh 81% Frozen 81% Fresh 75% 3 71,765 $129.00 $142.00 $133.79 Frozen 75% Fresh 73% Frozen 73% Fresh 65% 5 175,106 $88.00 $92.00 $90.25 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% 5 113,334 $218.87 $223.11 $221.48 Frozen 92-94% Fresh 90% 12 452,529 $211.00 $215.00 $214.35 Frozen 90% Fresh 85% 11 455,284 $191.50 $197.50 $195.42 Frozen 85% Fresh 81% Frozen 81% Fresh 75% 6 93,551 $129.00 $142.00 $133.14 Frozen 75% Fresh 73% Frozen 73% Fresh 65% 9 256,031 $88.00 $92.00 $90.47 Frozen 65% Fresh 50% 23 441,562 $53.75 $62.00 $57.12 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,TX National - all states IMPORT BEEF TRADE (Australia and New Zealand) WED, Feb 24, 2016 Compared to Last Week: Trading activity on imports was moderate. Prices were sharply higher. Strong retail and food service demand and tight import supplies continued to support prices. AUSTRALIA AND NEW ZEALAND - FOB AND TIS 0-15 Days BULL MEAT: East Coast West Coast 95% 227.00-229.00 COW MEAT: 95% 226.00-227.00 90% 212.00-215.00 CFM Fores 85% 183.00-187.00 Shank 85-90% Chuck 85% Beef Trim 85% 181.00-184.00 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% 227.00-229.00 227.00-230.00 COW MEAT: 95% 227.00-228.00 227.00 90% 212.00-215.00 215.00 CFM Fores 85% 184.00-187.00 Shank 85-90% Chuck 85% Beef Trim 85% 181.00-184.00 Beef Trim 80% Beef Trim 75% ------------------------------------------------------------------ URUGUAY - FOB AND TIS BULL MEAT: 0-15 Days 16-45 Days 95% 220.00 COW MEAT: 95% 90% CFM Fores 85% Beef Trim 85% Beef Trim 80% Beef Trim 75% USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $202.81 $198.31 Change => 0.51 0.12 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 115,451 head of cattle. SUPPLY (Live) 65,139 Hd Equivalent: $198.86 $194.64 DEMAND (Box) 50,312 Hd* Equivalent: $206.76 $201.98 wlive-box Spread: ($7.90) ($7.34) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $218.76 Weight Price Head : Se 600-900# $213.98 Live Steer: 1482 $133.12 19,506: Current Lds: 113.6 Live Heifer: 1343 $132.69 16,679: Previous Lds: 141.6 Drsd Steer: 922 $209.76 16,340 Drsd Heifer: 844 $210.05 12,614 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 10.56 Ch 600-900# : 83.73%: Steer Dressing % : 63.30% Ch 600-750# : 28.70%: Heifer Dressing %: 63.27% Ch 750-900# : 55.03%: Processing Cost : 12.00 Se 600-900# : 16.27%: Slaughter Cost : 50.50 Se 600-750# : 3.09%: Se 750-900# : 13.18%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 202.81 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -28.46-14.25-4.65-23.93 ----------------------------------------------------------------------------- Prime 1-3 13.50 $187.85 $202.06 $216.31 $211.66 $192.38 Certified 1-3 5.46 $179.81 $194.02 $208.27 $203.62 $184.34 Choice 1 3.69 $178.04 $192.25 $206.50 $201.85 $182.57 Select 1 0.09 $174.44 $188.65 $202.90 $198.25 $178.97 Stndrd 1-3 -22.46 $151.89 $166.10 $180.35 $175.70 $156.42 Prime 4 0.37 $174.72 $188.93 $203.18 $198.53 $179.25 Choice 4-11.67 $162.68 $176.89 $191.14 $186.49 $167.21 NATIONAL 5-DAY ROLLING CUTTER COW CUTOUT AND BOXED COW BEEF CUTS NEGOTIATED - USDA ESTIMATE CUTTER COW CARCASS CUT-OUT VALUE Based on negotiated carlot volume prices of cow cuts delivered within 0-21 days and on average industry cutting yields. U.S. dollars per 100 pounds. Cutter 90% 350#/up - Current-Cutout Value: $170.03 Change from prior day: $0.53 Item Price Value Change 90% lean $214.35 $119.69 $0.57 100% lean inside round $268.62 $6.23 $0.01 100% lean, flats and eyes $257.68 $5.98 ($0.02) 100% lean, S.P.B. $258.43 $12.92 Chuck Tender $250.93 $2.51 Knuckle 4-7 lbs. $238.71 $6.04 ($0.03) Tenderloin 2-3 lbs. $480.97 $2.55 $0.02 Tenderloin 3-4 lbs. $554.53 $4.10 ($0.01) Ribeye Roll 4-6 lbs. $257.76 $2.71 Ribeye Roll 6-8 lbs. $278.71 $2.06 Ribeye Roll 8up lbs. $315.60 $2.30 Flank Steak $357.15 $1.50 ($0.01) Kidney, Edible $21.75 $0.10 Fat, inedible $16.92 $0.39 Bone $3.94 $0.95 USDA NATIONAL BOXED COW BEEF CUTS - NEGOTIATED SALES negotiated sales for delivery within 0-21 day period. CURRENT VOLUME - (one load equals 40,000 pounds) FOB Plant basis Boner/Breaker Cuts 27.90 loads -- 1,115,817 pounds Cutter/Canner Cuts 2.04 loads -- 81,684 pounds Boner/Breaker/Cutter/Canner 19.94 loads -- 797,518 pounds 100% Lean Items 21.36 loads -- 854,372 pounds Frozen Cuts 2.33 loads -- 93,251 pounds IMPS Sub-Primal # of Total Weighted Change from Trades Pounds Average Prior Day BONER/BREAKER 112 Rib, ribeye roll, 6-8 lbs. 6 5,670 $310.37 ($0.79) 112 Rib, ribeye roll, 8-10 lbs. 19 18,979 $311.82 $1.05 112 Rib, ribeye roll, 10-up lbs. 84 167,498 $291.33 $0.28 112A Rib, ribeye roll-lip-on, 8-dn lbs. 19 25,753 $403.53 112A Rib, ribeye roll-lip-on, 8-up lbs. 8 16,166 $440.89 $3.42 Chuck, boneless 85% 4 50,400 $196.82 120 Chuck, brisket 24 87,178 $195.81 ($0.56) 168 Round, top inside, 10-dn lbs. 4 4,260 $244.68 $1.31 168 Round, top inside, 10-up lbs. 17 59,050 $245.56 ($0.42) 169A Round, top inside c-off, 8-10 lbs. 169A Round, top inside c-off, 10-14 lbs. 33 204,101 $280.42 $3.13 169A Round, top inside c-off, 14-up lbs. 5 24,050 $276.44 $1.17 171B Round, outside round 6 46,344 $256.30 $0.11 171C Round, eye of round 28 54,036 $258.70 ($0.69) Loin, Semi-Bnls Short Loin, 13-dn lbs. Loin, Semi-Bnls Short Loin, 13-up lbs. 180 Loin, strip, bnls, 7-9 lbs. 180 Loin, strip, bnls, 9-up lbs. 13 38,803 $240.69 $11.69 182 Loin, sirloin butt 184 Loin, top sirloin butt 28 112,131 $227.99 $1.86 185A Loin, bottom sirloin butt flap, bnls. 44 187,470 $313.70 $3.75 191A Loin, butt tender, peeled CUTTER/CANNER 112 Rib, ribeye roll, 4-6 lbs. 112 Rib, ribeye roll, 6-8 lbs. 23 56,735 $278.71 $0.02 112 Rib, ribeye roll, 8-up lbs. 3 6,775 $315.60 100% LEAN Inside round - Combo 8 86,615 $265.73 $0.83 Inside round - Boxed 33 54,599 $273.20 ($0.07) Outside round 4 23,603 $250.68 Eye of round 26 73,607 $258.58 ($0.18) Flats and eyes - Combo 8 116,563 $258.52 ($1.44) Flats and eyes - Boxed Striploin 67 342,904 $367.10 ($6.31) S.P.B. - Combo 11 156,481 $258.43 ($0.01) S.P.B. - Boxed BONER/BREAKER & CUTTER/CANNER 116B Chuck, chuck tender 34 179,068 $250.93 167A Round, knuckle, peeled 14 63,921 $238.71 ($1.11) 190 Loin, tenderloin, 2-3 lbs. 14 11,284 $480.97 $3.97 190 Loin, tenderloin, 3-4 lbs. 20 49,572 $554.53 ($0.33) 190 Loin, tenderloin, 4-5 lbs. 119 219,547 $571.63 ($2.96) 190 Loin, tenderloin, 5-up lbs. 38 87,449 $563.35 ($4.91) 193 Flank, flank steak 89 99,819 $358.67 ($0.93) Flank, rough 46 86,858 $236.77 $2.28 FROZEN BONER/BREAKER 112 Rib, ribeye roll, 6-8 lbs. 112 Rib, ribeye roll, 8-10 lbs. 5 15,183 $307.87 112 Rib, ribeye roll, 10-up lbs. 112A Rib, ribeye roll-lip-on, 8-dn lbs. 112A Rib, ribeye roll-lip-on, 8-up lbs. 169A Round, top inside c-off, 8-10 lbs. 169A Round, top inside c-off, 10-14 lbs. 169A Round, top inside c-off, 14-up lbs. 180 Loin, strip, bnls, 7-9 lbs. 180 Loin, strip, bnls, 9-up lbs. FROZEN CUTTER/CANNER 112 Rib, ribeye roll, 4-6 lbs. 112 Rib, ribeye roll, 6-8 lbs. 112 Rib, ribeye roll, 8-up lbs. FROZEN BONER/BREAKER & CUTTER/CANNER 190 Loin, tenderloin, 2-3 lbs. 190 Loin, tenderloin, 3-4 lbs. 190 Loin, tenderloin, 4-5 lbs. 4 49,220 $560.93 190 Loin, tenderloin, 5-up lbs. 193 Flank, flank steak 6 13,992 $346.31 ($2.27)

Thursday, February 25, 2016 Page 4 MAJOR PACKER HIDES, CURED & FLESHED Lds Price/Piece Price/CWT HVY NATIVE STR 60-64# 62-64# 64-66# 71.00 D 66-68# 74-76# 2.0 78.00 84-86# NATIVE STEER 46-48# COL BRAND STR 62-64# 52.50 E 64-66# 53.50 A 66-68# 68-70# BUTT BRAND STR 62-64# 64#Avg 68.00 E 64-66# 68.00 E 66-68# 68.50 D 74-76# 74.00 D NATIVE HEIFER HVY NATIVE HFR 46#Min 47#Min 48-50# 50-52# 52-55# BRANDED HFRS 47-49# 48-50# 54-56# BRAND HFR SW 48-50# 50-52# BRND COW SW 48-50# 52-54# BRANDED COW 50-52# 52-54# NATIVE COW 48-52# 52-54# DAIRY COW 50-52# 59.75 A 54-56# DAIRY COW SW 48-50# 52-54# NATV BULL Con 96-100# 100-10# BRND BULL SWCon 95-105# 100-10# HVY TEX STEER 62-64# 64#Min 64-66# 64.00 A 66-68# 74#Min 80-82# 70.00 A HVY TEX STR/HFR 48-50# 60-64# BRANDED STEER 64-66# 66-68# 68-70# 74-76# USDA BY-PRODUCT PRICE REPORT - FOB CENTRAL U.S. BASIS Carlot Basis - Dollars/hundredweight - as of 3:00 PM. BEEF VARIETY MEATS - FROZEN ------------------------------------ Items Lds Price Range Wtd Avg CHEEK MEAT,trmd, 70-75% lean 168.00 168.00 B export FEET, nails off, skin on HEAD MEAT, 60-70% lean 50.00 50.00 D export HEARTS, regular, bone out 39.00 39.00 E regular,bone-out exp 1.0 41.00 41.00 KIDNEYS, export LIPS, unscalded 171.00 171.00 B LIVERS, selected, 2/box selected, 2/box, export regular, 2/box regular, export, 2/box OXTAILS, selected, small box SWEETBREADS, domestic export TONGUES,Individually Wrapped Swiss-Cut#1,Wht,0-3% trm,exp Swiss-Cut#1,Blk,0-3% trm,exp Swiss-Cut #2 TRIPAS, domestic 79.00 79.00 B export 55.00 55.00 D TRIPE, scalded, edible scalded, edible, export 76.00 76.00 A scalded, unbleached, export 80.00 80.00 D honeycomb, bleached WEASAND MEAT, -------------- BEEF PET FOODS - FOB SUPPLY POINT ------------------ SEMI-ANNUAL CONTRACTS: FRESH BOXED FROZEN GULLETS-TRACHEA Pet food prices KIDNEYS, inedible will be unquoted LIVERS, " until new contract LUNGS, " prices are MELTS, " established. SALIVARY GLANDS USDA BY-PRODUCT DROP VALUE (STEER) FOB CENTRAL US The hide and offal value from a typical slaughter steer(1) for today was estimated at 10.56 per cwt live, up 0.02 when compared to Wednesday's value. TODAY'S CALCULATIONS FOR BY-PRODUCT VALUE (STEER) Lbs Price Change Value Prv/Dy Steer hide, butt brand/pc 5.03 68.50-4.89 Tallow, edible (2) 1.20 27.75-0.33 Tallow, packer bleachable 4.50 25.25-1.14 Tongues,Swiss #1 0-3%,exp 0.24 375.00-0.90 Cheek meat, trmd 0.32 168.00-0.54 Head meat 0.13 50.00-0.07 Oxtail, selected 0.24 272.00-0.65 Hearts, reg, bone out 0.38 41.00 0.75 0.16 Lips, unscalded 0.13 171.00-0.22 Livers, slcted, export 0.96 30.00-0.29 Tripe, scalded edible 0.65 76.00-0.49 Tripe, honeycomb bleached 0.15 111.00-0.17 Lungs, inedible 0.47 0.05-0.00 Melts 0.14 0.25-0.00 Meat & bone ml 50% blk/ton 3.70 237.00-0.44 Blood meal 85% blk/ton pnh 0.60 888.00 13.00 0.27 Totals: 18.84 10.56 Dressed equivalent basis (63% dress): 16.76 (1) Typical slaughter steer weighs 1,400 pounds (2) May include Technical Animal Fat as both meet the same AFOA specifications The average value of hide and offal for the four days ending Thu, Feb 25, 2016, was estimated at 10.54 per cwt., up 0.04 from last week and down 3.62 from last year. USDA BY-PRODUCT DROP VALUE (CATTLE) FOB CENTRAL US The hide and offal value from typical fed cattle (steers and heifers 1,325 lbs.) for today was estimated at 10.50 per cwt live, up 0.02 from Wednesday's value. TODAY'S CALCULATIONS FOR BY-PRODUCT VALUE (CATTLE) Lbs Price Change Value Prv/Dy Cattle hide/pc 5.03 64.00-4.83 Tallow, edible (2) 1.20 27.75-0.33 Tallow, packer bleachable 4.50 25.25-1.14 Tongues, Swiss #1 0-3%,exp 0.24 375.00-0.90 Cheek meat, trmd 0.32 168.00-0.54 Head meat 0.13 50.00-0.07 Oxtail, selected 0.24 272.00-0.65 Hearts, reg, bone out 0.38 41.00 0.75 0.16 Lips, unscalded 0.13 171.00-0.22 Livers, slcted,export 0.96 30.00-0.29 Tripe, scalded edible 0.65 76.00-0.49 Tripe, honeycomb bleached 0.15 111.00-0.17 Lungs, inedible 0.47 0.05-0.00 Melts 0.14 0.25-0.00 Meat & bone ml 50% blk/ton 3.70 237.00-0.44 Blood meal 85% blk/ton pnh 0.60 888.00 13.00 0.27 Totals: 18.84 10.50 Dressed equivalent basis (62.9% dress): 16.69 (1) Typical slaughter cattle weighs 1,325 pounds (2) May include Technical Animal Fat as both meet the same AFOA specifications WEEKLY USDA BY-PRODUCT DROP VALUE (COW) The hide and offal value from a typical slaughter cow(1) for the week ended 2/19/2016, was estimated at 9.71 per cwt live, down -0.03 from last week. CALCULATIONS FOR BY-PRODUCT VALUE (COW) Lbs Price Change Value Prv/Wk Cow hide, branded per piece(2) 4.83 36.00-3.27 Tallow, renderer blchable 3.68 25.25-0.93 Tongues, Swiss cut, IW 0.32 375.00-17.25 1.20 Cheek meat, trmd 0.43 158.25-27.75 0.68 Head meat 0.14 131.00 1.50 0.18 Oxtail, reg, small box 0.20 273.50-0.55 Hearts, reg, bone out 0.46 44.75 1.75 0.21 Lips, unscalded 0.13 54.75 9.00 0.07 Livers, reg, gall off (3) 0.90 22.00 0.75 0.20 Tripe, scalded edible, blchd 1.06 88.00 0.25 0.93 Tripe, honeycomb bleached 0.14 100.00-0.14 Lungs, inedible 0.86 0.05-0.00 Melts 0.15 0.25-0.00 Meat bone ml, 50% blk/ton 10.71 197.00 21.50 1.05 Blood meal, 85% blk/ton 0.73 830.00 30.00 0.30 Totals: 24.74 9.71 Dressed equivalent basis (47% dress): 20.66 (1) Typical slaughter cow weighs 1,100 pounds. (2) Hide weight adjusted regularly for seasonal variation. (3) Reflects a 30% condemnation rate. REPORT BASIS - FOB Omaha or equivalent for the Midwest; FOB Plant for Texas and Oklahoma WEEKLY CENTRAL U.S. COW VARIETY MEAT PRICE REPORT - FOB PLANT For Week Ended 2/19/2016 Dollars/hundredweight Frozen CARLOT/L.C.L. Basis Lds Price Range Wtavg -------------------------------------------------------------------------- CHEEK MEAT, Trimmed 11.9 150.00-236.00 158.18 FEET, unbleached, skin-on, exp FEET, bleached, skin-on, exp HEARTS, Regular, bone-out 7.1 38.00-53.00 44.83 HEARTS, Regular, bone-out, exp HEARTS, Canadian-style, exp HEAD MEAT, 2.5 130.00-135.00 131.00 KIDNEYS Export 5.1 19.00-29.00 21.75 LIPS, unscalded 4.3 50.00-67.00 54.67 LIVERS, Regular,bulk-pack LIVERS, Regular,bulk-pack export LIVERS, Regular, 2/box 2.5 26.50-27.00 26.60 LIVERS, Regular, 2/box, export 11.5 18.00-24.00 21.04 MELTS, OXTAILS, Regular, small box 2.3 265.00-280.00 273.48 SALIVARY GLANDS SWEETBREADS, export TONGUES, #1 white Swiss cut,iw TONGUES, exp.#1 white Swiss cut,iw TONGUES, #1 black Swiss cut,iw TONGUES, exp.#1 black Swiss cut,iw TONGUES, #1 mixed,swiss cut,iw TONGUES, exp.#1 mixed,swiss cut,iw TONGUES, #2 mixed Swiss cut,iw 0.2 375.00 375.00 TONGUES, exp.#2 mixed,swiss cut,iw TONGUE Trimmings TRIPAS TRIPE, bleached, scalded, edible 3.0 87.00-89.00 88.00 TRIPE, blchd, scld/w honeycomb TRIPE, bleached,scalded,edible exp TRIPE, unbleached, scalded, edible 4.4 112.00-112.50 112.27 TRIPE, honeycomb bleached TRIPE, honeycomb unbleached TRIPE, omasum unbleached WEASAND MEAT

Thursday, February 25, 2016 Page 5 MANDATORY PORK REPORT FOR Thursday, February 25, 2016 NATIONAL DAILY PORK REPORT FOB PLANT - Negotiated Sales Afternoon - FOB Plant Loads PORK CUTS : 316.71 Loads TRIM/PROCESS PORK : 60.75 USDA ESTIMATED PORK CUT-OUT VALUES - as of 2:00pm Based on negotiated prices and volume of pork cuts delivered within 14 days and on average industry cutting yields. Values reflect U.S. dollars per 100 pounds. Calculations for 205 lb Pork Carcass. 53-54% lean, 0.65"-0.80" BF Last Rib Today's Estimated Primal Cutout Date Loads Carcass Loin Butt Pic Rib Ham Belly 02/25/2016 377.46 74.22 75.56 75.30 40.82 141.67 54.86 125.38 Change: -0.76-1.29-0.43-1.47-0.55-0.05-0.43 02/24/2016 376.89 74.98 76.85 75.73 42.29 142.22 54.91 125.81 02/23/2016 484.83 75.68 79.00 75.16 43.82 141.73 56.09 125.06 02/22/2016 318.73 75.63 78.26 74.94 42.20 141.78 56.25 125.98 02/19/2016 304.40 74.63 76.12 73.56 40.44 142.38 54.89 127.58 Five Day Average -- 75.03 77.16 74.94 41.91 141.96 55.40 125.96 Loin 1/4 Trimmed Loin VAC 670,334 80.00-109.00 86.61 1/4 Trimmed Loin VAC, FZN - 1/4 Trimmed Loin Paper - 1/4 Trimmed Loin Paper, FZN - 1/4 Trimmed Loin Combo 49,551 77.00-79.50 77.39 1/8 Trimmed Loin VAC 147,267 80.00-109.79 101.12 1/8 Trimmed Loin VAC, FZN - 1/8 Trimmed Loin Paper 22,567 94.95-121.25 105.14 1/8 Trimmed Loin Paper, FZN - 1/8 Trimmed Loin Combo 26,806 85.95-96.00 94.59 Bone-in CC, Tender-in Loin VAC 72,408 135.86-157.12 149.14 Bone-in CC, Tender-in Loin VAC, FZN - Bone-in CC, Tender-in Loin Combo - B-In CC, Tender-in, FLON Loin 97,382 127.00-169.00 137.78 B-In CC, Tender-in, FLON Loin, FZN - Bnls CC Strap-on 750,180 115.20-167.00 125.41 Bnls CC Strap-on, FZN - Bnls CC Strap-off 484,987 125.25-164.68 136.31 Bnls CC Strap-off, FZN 38,376 124.75-176.28 127.10 Bnls CC Strap-on, 1/2 cut - Bnls CC Strap-on, 1/2 cut, FZN - Bnls CC Strap-off, 1/2 cut - Bnls CC Strap-off, 1/2 cut, FZN - Whole Bnls Strap-on - Boneless Sirloin 302,570 88.00-113.62 98.05 Boneless Sirloin, FZN - Boneless Sirloin, Combo - Bone-in Sirloin 79,182 60.00-82.00 70.20 Bone-in Sirloin, FZN - Blade Ends 35,904 57.00-78.00 64.91 Blade Ends, FZN - Tenderloin 113,561 220.00-260.20 231.04 Tenderloin, FZN - Tenderloin, 1 pc vac - Tenderloin, 1 pc vac, FZN - Butt Tender - Butt Tender, FZN - Backribs 2.0#/up 139,596 262.00-274.41 264.74 Backribs 2.0#/up, FZN - Backribs 2.0#/up 1 Pc Vac 39,944 245.00-302.00 278.16 Backribs 2.0#/up 1 Pc Vac, FZN 83,083 239.08-282.00 260.66 Riblets - Riblets, FZN - Butt 1/4 Trim Butt VAC 989,017 81.00-99.00 87.03 1/4 Trim Butt VAC, FZN - 1/4 Trim Butt Paper 11,607 92.95-105.63 98.37 1/4 Trim Butt Paper, FZN - 1/4 Trim Butt Combo 57,638 68.50-75.95 74.30 1/4 Trim Butt 1 Pc VAC - 1/4 Trim Butt 1 Pc VAC, FZN - 1/8 Trim Butt Vac 12,975 93.21-110.50 100.08 1/8 Trim Butt Vac, FZN - 1/8 Trim Butt Paper 8,817 101.25-124.25 111.19 1/8 Trim Butt Paper, FZN - 1/8 Trim Butt Combo - 1/8 Trim Butt 1 Pc VAC - 1/8 Trim Butt 1 Pc VAC, FZN - 1/4 Trim Steak Ready Butt Vac 32,958 102.16-104.71 103.02 1/4 Trim Steak Ready Butt Vac, FZN - 1/4 Trim Steak Ready Butt 1 Pc Vac - 1/4 Trim Steak Ready Butt 1 Pc Vac, FZN - 1/8 Trim Steak Ready Butt Vac 44,656 101.00-113.38 101.54 1/8 Trim Steak Ready Butt Vac, FZN - 1/8 Trim Steak Ready Butt 1 Pc Vac 30,530 101.00-116.00 108.92 1/8 Trim Steak Ready Butt 1 Pc Vac, FZN - 1/4 Trim Bnls Butt VAC 462,165 95.00-122.00 103.09 1/4 Trim Bnls Butt VAC, FZN 16,386 83.00-106.75 91.85 1/4 Trim Bnls Butt Poly - 1/4 Trim Bnls Butt Poly, FZN 13,337 103.94-104.88 104.03 1/4 Trim Bnls Butt Combo 21,562 95.50-107.00 101.78 1/4 Trim Bnls Butt 1 Pc VAC - 1/4 Trim Bnls Butt 1 Pc VAC, FZN - Bnls CT Butt 1 Pc VAC 4,809 163.00-178.70 168.76 Bnls CT Butt 1 Pc VAC, FZN - Picnic RS Smoker Trim Picnic Combo - SS Smoker Trim Picnic VAC 429,129 53.00-79.00 60.73 SS Smoker Trim Picnic VAC, FZN - SS Smoker Trim Picnic Paper/Poly 22,803 56.62-73.63 66.63 SS Smoker Trim Picnic Paper/Poly, FZN - SS Smoker Trim Picnic Combo 164,576 48.00-50.00 48.50 SS Smoker Trim Picnic 1 Pc Vac 22,092 58.00-78.00 67.51 SS Smoker Trim Picnic 1 Pc Vac, FZN - Picnic Cushion Meat Vac 333,598 84.00-112.00 89.25 Picnic Cushion Meat Vac, FZN - Picnic Cushion Meat Poly 32,280 87.00-92.95 89.44 Picnic Cushion Meat Poly, FZN - Picnic Cushion Meat Combo 81,135 79.25-93.50 83.89 Sparerib Trmd Sparerib - LGT 268,115 136.00-174.71 160.70 Trmd Sparerib - LGT, FZN - Trmd Sparerib - LGT, Poly 6,418 158.96-184.50 167.66 Trmd Sparerib - LGT, Poly, FZN 5,071 157.03-158.08 157.38 Trmd Sparerib - LGT Combo 34,964 131.50-157.00 136.73 Trmd Sparerib - LGT, 1 PC VAC - Trmd Sparerib - LGT, 1 PC VAC, FZN - Trmd Sparerib - MED 493,789 141.20-165.00 149.41 Trmd Sparerib - MED, FZN - Trmd Sparerib - MED, Poly - Trmd Sparerib - MED, Poly, FZN - Trmd Sparerib - Med Combo 35,634 128.50-132.00 130.93 Trmd Sparerib - MED, 1 PC VAC - Trmd Sparerib - MED, 1 PC VAC, FZN - St Louis Spareribs, VAC 64,789 232.03-304.00 247.37 St Louis Spareribs, VAC, FZN 50,567 215.00-279.00 225.02 St Louis Spareribs, POLY - St Louis Spareribs, POLY, FZN 71,992 240.27-290.25 256.94 St Louis Spareribs, Combo - BBQ Style Spareribs, VAC 31,100 169.69-202.00 178.10 BBQ Style Spareribs, VAC, FZN - BBQ Style Spareribs, Poly - BBQ Style Spareribs, Poly, FZN - BBQ Style Spareribs, Combo - Ham 17/dn Ham Combo - 17-20# Trmd Selected Ham - 20-23# Trmd Selected Ham 342,363 58.00-65.00 58.40 23-27# Trmd Selected Ham 1,653,807 53.28-69.00 55.94 17-20 Ham Boxed - 17-20 Ham Boxed, FZN - 20-23 Ham Boxed 11,596 76.63-90.25 85.12 20-23 Ham Boxed, FZN - 23-27 Ham Boxed 8,782 69.00-87.95 72.94 23-27 Ham Boxed, FZN - 27 & up Bone In Hams Combo - 17-20 Boxed Vac Pack 4,895 72.00-89.84 77.78 17-20 Boxed Vac Pack, FZN - 20-23 Hams Sknd/Defatted Boxed - 20-23 Hams Sknd/Defatted Boxed, FZN - Collared Ham Combo - Collared Ham Boxed - Collared Ham Boxed, FZN - 3 Muscle Ham to Blue - 4 Muscle Ham to Blue 118,000 95.20-122.50 97.51 5 Muscle Ham to Blue - 3 Muscle Ham to Blue Boxed - 4 Muscle Ham to Blue Boxed - 5 Muscle Ham to Blue Boxed - Roll Out Ham - Rollout Ham Bnls Boxed 4,837 123.50-132.50 125.39 Roll Out Hams Rolled & Tied - Roll Out Ham Rolled Tied Boxed - 2pc 5,092 109.96-111.00 110.59 2PC Boxed - 2PC Boxed, FZN - Insides 467,897 92.35-106.00 96.22 Outsides 635,370 92.35-107.34 97.17 Knuckles 190,309 89.60-107.34 93.33 Lite Butt 42,087 92.35-98.10 94.55 Insides (RED) Combo - Outsides (RED) Combo - Knuckles (RED) Combo - Lite Butt (RED) Combo - Inner Shank 62,718 71.84-94.00 79.76 Outer Shank 26,130 71.70-74.40 73.06 Insides Boxed - Outsides Boxed - Knuckles Boxed - Lite Butt Boxed - Inner Shank Boxed - Outer Shank Boxed - Shanks Bone In - Shanks Bone In Boxed - Shanks Bone In Boxed, FZN - Belly Derind Belly 7-9# - Derind Belly 9-13# 222,714 145.30-170.24 158.51 Derind Belly 13-17# - Derind Belly 17-19# - Derind Belly 7-9# Boxed 2,162 201.96-253.36 240.24 Derind Belly 7-9# Boxed, FZN - Derind Belly 9-13# Boxed 12,323 185.00-214.30 201.60 Derind Belly 9-13# Boxed, FZN - Derind Belly 13-17# Boxed - Derind Belly 13-17# Boxed, FZN - Derind Belly 17-19# Boxed - Derind Belly 17-19# Boxed, FZN - Skin-on Belly 8-10# - Skin-on Belly 10-12# - Skin-on Belly 12-14# - Skin-on Belly 14-16# - Skin-on Belly 16-18# - Skin-on Belly 18-20# - Skin-on Belly 20-25# - Skin-on Belly 8-10# Boxed - Skin-on Belly 8-10# Boxed, FZN - Skin-on Belly 10-12# Boxed 146,585 160.25-252.70 169.25 Skin-on Belly 10-12# Boxed, FZN - Skin-on Belly 12-14# Boxed 5,896 165.32-173.84 169.57 Skin-on Belly 12-14# Boxed, FZN - Skin On Belly 14-16# Boxed 23,775 169.00-173.16 170.60 Skin On Belly 14-16# Boxed, FZN - Skin On Belly 16-18# Boxed - Skin On Belly 16-18# Boxed, FZN - Jowl Skinned Combo 143,149 19.25-38.00 26.90 Skinned Boxed 3,000 55.50-57.25 56.55 Skinned Boxed, FZN - Skin On Combo - Skin-On Boxed - Skin-On Boxed, FZN -

Thursday, February 25, 2016 Page 6 MANDATORY PORK REPORT FOR Thursday, February 25, 2016 NATIONAL DAILY PORK REPORT FOB OMAHA - Negotiated Sales Afternoon - FOB Omaha NATIONAL DAILY PORK REPORT FOB PLANT - Negotiated Sales Afternoon - FOB Plant Trim 42% Trim Combo 106,566 17.48-21.52 18.04 65% Trim Combo - 72% Trim Combo 990,890 48.50-70.10 54.34 85% Trim Combo - 42% Trim Boxed 19,472 28.00-72.50 33.57 42% Trim Boxed, FZN 86,160 26.00-31.36 26.06 65% Trim Boxed - 72% Trim Boxed 25,380 69.00-118.25 74.96 72% Trim Boxed, FZN 96,840 63.56-119.25 65.70 85% Trim Boxed - Picnic Meat Combo Cushion Out 508,417 58.00-77.10 60.44 Picnic Meat Boxed Cushion Out 70,510 73.82-101.65 79.89 Picnic Meat Boxed Cushion Out, FZN 196,680 66.25-75.00 71.15 Picnic Meat Combo Cushion In - Picnic Meat Boxed Cushion In 24,623 98.50-107.99 107.03 Picnic Meat Boxed Cushion In, FZN - Trim w/trace Combo - Trim w/trace Boxed 4,125 34.00-43.00 36.45 Trim w/trace Boxed, FZN - Blade Meat Combo - Blade Meat Boxed 3,120 86.77-92.00 89.43 Blade Meat Boxed, FZN - 72% Ham Trim Combo 44,040 59.76-62.00 60.40 72% Ham Trim Boxed 7,800 72.05-80.00 72.66 90% Ham Trim Combo - Variety Untrimmed Neckbones Gas 21,446 43.00-77.00 55.48 Untrimmed Neckbones Gas, FZN - Trimmed Neckbones Gas 77,160 36.60-52.00 44.60 Trimmed Neckbones Gas, FZN - Trimmed Neckbones Poly 59,954 33.37-58.38 43.45 Trimmed Neckbones Poly, FZN 88,240 20.00-45.00 22.48 Untrimmed Neckbones Poly 128,376 28.00-81.50 70.75 Untrimmed Neckbones Poly, FZN - Trimmed Neckbones Combo - Untrimmed Neckbones Combo - Breast Bones Poly - Breast Bones Poly, FZN 82,623 31.33-38.33 34.76 Brisket Bones, Full Cut, 10# - Brisket Bones, Full Cut, 10#, FZN - Brisket Bones, Full Cut, 30# 4,624 69.00-70.00 69.37 Brisket Bones, Full Cut, 30#, FZN 6,764 47.00-108.80 69.24 Brisket Bones, Full Cut, Combo - Tails, Poly - Tails, Poly, FZN 15,450 99.00-118.00 103.08 Tails, Gas - Tails, Gas, FZN - Tails, Combo - Front Feet, Poly 79,396 60.00-88.00 80.26 Front Feet, Poly, FZN 4,474 53.00-63.20 56.09 Front Feet, Combo - Front Feet, Gas - Front Feet, Gas, FZN - Hind Feet, Poly - Hind Feet, Poly, FZN 23,694 36.96-52.95 41.28 Hind Feet, Combo - Hocks, Picnic, Poly 8,160 55.00-74.25 56.91 Hocks, Picnic, Poly, FZN 36,916 35.00-57.00 36.28 Hocks, Picnic, Gas - Hocks, Picnic, Gas, FZN - Hocks, Picnic, Combo 22,289 32.33-46.77 33.77 Front Feet, Split, Gas - Front Feet, Split, Gas, FZN - Front Feet, Split, Poly - Front Feet, Split, Poly, FZN 3,032 64.75-73.20 70.27 AI (Added Ingreds) AI 1/4 Trimmed Loin VAC - AI 1/4 Trimmed Loin VAC, FZN - AI 1/8 Trimmed Loin VAC 29,630 83.00-105.00 95.41 AI 1/8 Trimmed Loin VAC, FZN - AI Bone-in CC, Tender-in Loin, VAC 32,237 138.87-164.00 156.64 AI Bone-in CC, Tender-in Loin, VAC, FZN - AI Bnls CC Strap On 39,332 124.50-185.00 138.08 AI Bnls CC Strap On, FZN - AI Bnls CC Strap Off 40,382 136.25-150.91 142.36 AI Bnls CC Strap Off, FZN - AI Bnls CC Strap-on, 1/2 cut - AI Bnls CC Strap-on, 1/2 cut, FZN - AI Bnls CC Strap-off, 1/2 cut 22,489 135.65-148.14 143.74 AI Bnls CC Strap-off, 1/2 cut, FZN - AI Boneless Sirloin 16,552 97.75-124.25 109.91 AI Boneless Sirloin, FZN - AI Bone-in Sirloin - AI Bone-in Sirloin, FZN - AI Blade Ends - AI Blade Ends, FZN - AI Tenderloin 13,003 238.65-244.00 243.69 AI Tenderloin, FZN - AI Tenderloin, 1 pc vac 7,650 250.30-260.00 252.10 AI Tenderloin, 1 pc vac, FZN - AI Backribs 2.0#/up - AI Backribs 2.0#/up, FZN - AI Backribs 2.0#/up 1 Pc Vac - AI Backribs 2.0#/up 1 Pc Vac, FZN - AI SS Smoker Trim Picnic VAC - AI SS Smoker Trim Picnic VAC, FZN - AI SS Smoker Trim Picnic 1 Pc Vac 11,776 54.75-77.00 63.28 AI SS Smoker Trim Picnic 1 Pc Vac, FZN - AI Picnic Cushion Meat Vac 20,513 105.00-107.50 105.88 AI Picnic Cushion Meat Vac, FZN - AI 1/4 Trim Butt VAC - AI 1/4 Trim Butt VAC, FZN - AI 1/4 Trim Butt 1 Pc VAC - AI 1/4 Trim Butt 1 Pc VAC, FZN - AI 1/8 Trim Steak Ready Butt Vac - AI 1/8 Trim Steak Ready Butt Vac, FZN - AI 1/8 Trim Steak Ready Butt 1 Pc Vac 91,271 101.50-107.00 106.87 AI 1/8 Trim Steak Ready Butt 1 Pc Vac, F - AI 1/4 Trim Bnls Butt VAC - AI 1/4 Trim Bnls Butt VAC, FZN - AI Trmd Sparerib - LGT 13,096 149.00-159.00 154.92 AI Trmd Sparerib - LGT, FZN - AI Trmd Sparerib - LGT, 1 PC VAC - AI Trmd Sparerib - LGT, 1 PC VAC, FZN - AI Trmd Sparerib - MED - AI Trmd Sparerib - MED, FZN - AI Trmd Sparerib - MED, 1 PC VAC - AI Trmd Sparerib - MED, 1 PC VAC, FZN - ------ Items that have no entries indicate there were trades but not reportable because they did not meet the daily 3/70/20 guideline. Please refer to weekly as the item may qualify. Detailed description of the cutout is available on request. Loads PORK CUTS : 316.65 Loads TRIM/PROCESS PORK : 60.74 USDA ESTIMATED PORK CUT-OUT VALUES - as of 2:00pm Based on negotiated prices and volume of pork cuts delivered within 14 days and on average industry cutting yields. Values reflect U.S. dollars per 100 pounds. Calculations for 205 lb Pork Carcass. 53-54% lean, 0.65"-0.80" BF Last Rib Today's Estimated Primal Cutout Date Loads Carcass Loin Butt Pic Rib Ham Belly 02/25/2016 377.39 73.91 74.63 75.79 40.88 141.11 54.59 125.62 Change: -0.51-1.90 0.44-1.48-1.23 0.05 1.47 02/24/2016 376.72 74.42 76.53 75.35 42.36 142.34 54.54 124.15 02/23/2016 484.57 75.13 78.60 74.61 43.25 141.32 55.65 124.06 02/22/2016 318.41 75.50 78.42 75.55 42.07 143.01 55.61 125.68 02/19/2016 303.95 74.54 76.01 74.03 40.78 142.46 54.48 127.75 Five Day Average -- 74.70 76.84 75.07 41.87 142.05 54.97 125.45 Loin 1/4 Trimmed Loin VAC 670,334 78.02-103.85 84.55 1/4 Trimmed Loin VAC, FZN - 1/4 Trimmed Loin Paper - 1/4 Trimmed Loin Paper, FZN - 1/4 Trimmed Loin Combo 49,551 76.68-78.57 76.98 1/8 Trimmed Loin VAC 146,993 78.02-103.85 99.81 1/8 Trimmed Loin VAC, FZN - 1/8 Trimmed Loin Paper 22,567 89.01-115.91 100.04 1/8 Trimmed Loin Paper, FZN - 1/8 Trimmed Loin Combo 26,806 80.11-93.71 91.56 Bone-in CC, Tender-in Loin VAC 72,294 132.72-152.80 147.43 Bone-in CC, Tender-in Loin VAC, FZN - Bone-in CC, Tender-in Loin Combo - B-In CC, Tender-in, FLON Loin 97,382 128.69-163.96 138.66 B-In CC, Tender-in, FLON Loin, FZN - Bnls CC Strap-on 750,180 114.76-162.00 123.65 Bnls CC Strap-on, FZN - Bnls CC Strap-off 486,045 124.12-166.79 135.94 Bnls CC Strap-off, FZN 38,376 127.83-177.12 130.13 Bnls CC Strap-on, 1/2 cut - Bnls CC Strap-on, 1/2 cut, FZN - Bnls CC Strap-off, 1/2 cut - Bnls CC Strap-off, 1/2 cut, FZN - Whole Bnls Strap-on - Boneless Sirloin 303,189 91.46-114.91 99.10 Boneless Sirloin, FZN - Boneless Sirloin, Combo - Bone-in Sirloin 79,182 61.16-76.96 68.84 Bone-in Sirloin, FZN - Blade Ends 35,904 57.90-76.20 66.60 Blade Ends, FZN - Tenderloin 113,195 220.70-261.19 232.51 Tenderloin, FZN - Tenderloin, 1 pc vac - Tenderloin, 1 pc vac, FZN - Butt Tender - Butt Tender, FZN - Backribs 2.0#/up 139,207 263.23-274.56 267.07 Backribs 2.0#/up, FZN - Backribs 2.0#/up 1 Pc Vac 39,944 237.94-296.96 277.48 Backribs 2.0#/up 1 Pc Vac, FZN 83,503 243.40-283.46 264.18 Riblets - Riblets, FZN - Butt 1/4 Trim Butt VAC 988,938 81.68-98.30 87.47 1/4 Trim Butt VAC, FZN - 1/4 Trim Butt Paper 11,607 87.01-100.23 92.55 1/4 Trim Butt Paper, FZN - 1/4 Trim Butt Combo 57,638 67.65-73.22 71.88 1/4 Trim Butt 1 Pc VAC - 1/4 Trim Butt 1 Pc VAC, FZN - 1/8 Trim Butt Vac 13,379 87.52-105.74 97.83 1/8 Trim Butt Vac, FZN - 1/8 Trim Butt Paper 8,667 96.69-118.91 106.57 1/8 Trim Butt Paper, FZN - 1/8 Trim Butt Combo - 1/8 Trim Butt 1 Pc VAC - 1/8 Trim Butt 1 Pc VAC, FZN - 1/4 Trim Steak Ready Butt Vac 32,958 99.69-103.71 101.43 1/4 Trim Steak Ready Butt Vac, FZN - 1/4 Trim Steak Ready Butt 1 Pc Vac - 1/4 Trim Steak Ready Butt 1 Pc Vac, FZN - 1/8 Trim Steak Ready Butt Vac 44,656 102.77-111.75 103.56 1/8 Trim Steak Ready Butt Vac, FZN - 1/8 Trim Steak Ready Butt 1 Pc Vac 30,530 102.77-110.96 107.10 1/8 Trim Steak Ready Butt 1 Pc Vac, FZN - 1/4 Trim Bnls Butt VAC 462,165 92.05-116.96 104.95 1/4 Trim Bnls Butt VAC, FZN 16,386 89.63-111.67 97.84 1/4 Trim Bnls Butt Poly - 1/4 Trim Bnls Butt Poly, FZN 13,337 103.50-104.82 104.70 1/4 Trim Bnls Butt Combo 21,562 94.72-109.98 100.95 1/4 Trim Bnls Butt 1 Pc VAC - 1/4 Trim Bnls Butt 1 Pc VAC, FZN - Bnls CT Butt 1 Pc VAC 4,809 166.74-173.88 169.36 Bnls CT Butt 1 Pc VAC, FZN - Picnic RS Smoker Trim Picnic Combo - SS Smoker Trim Picnic VAC 429,129 53.84-74.00 60.53 SS Smoker Trim Picnic VAC, FZN - SS Smoker Trim Picnic Paper/Poly 22,803 50.85-68.71 60.83 SS Smoker Trim Picnic Paper/Poly, FZN - SS Smoker Trim Picnic Combo 164,576 47.96-52.54 49.10 SS Smoker Trim Picnic 1 Pc Vac 22,031 58.84-72.96 67.83 SS Smoker Trim Picnic 1 Pc Vac, FZN - Picnic Cushion Meat Vac 333,959 82.02-108.23 89.31 Picnic Cushion Meat Vac, FZN - Picnic Cushion Meat Poly 32,280 85.63-93.67 90.06 Picnic Cushion Meat Poly, FZN - Picnic Cushion Meat Combo 81,135 81.54-92.63 85.71

Thursday, February 25, 2016 Page 7 MANDATORY PORK REPORT FOR Thursday, February 25, 2016 NATIONAL DAILY PORK REPORT FOB OMAHA - Negotiated Sales Afternoon - FOB Omaha Trim Sparerib Trmd Sparerib - LGT 268,115 138.63-172.80 160.10 Trmd Sparerib - LGT, FZN - Trmd Sparerib - LGT, Poly 5,966 153.01-180.76 161.41 Trmd Sparerib - LGT, Poly, FZN 5,071 162.48-163.53 162.83 Trmd Sparerib - LGT Combo 34,964 130.63-157.90 135.99 Trmd Sparerib - LGT, 1 PC VAC - Trmd Sparerib - LGT, 1 PC VAC, FZN - Trmd Sparerib - MED 493,998 139.22-166.37 148.83 Trmd Sparerib - MED, FZN - Trmd Sparerib - MED, Poly 4,257 147.69-147.70 147.70 Trmd Sparerib - MED, Poly, FZN - Trmd Sparerib - Med Combo 35,634 127.63-132.63 131.00 Trmd Sparerib - MED, 1 PC VAC - Trmd Sparerib - MED, 1 PC VAC, FZN - St Louis Spareribs, VAC 64,789 234.91-298.96 249.01 St Louis Spareribs, VAC, FZN 50,567 213.62-286.04 224.67 St Louis Spareribs, POLY - St Louis Spareribs, POLY, FZN 71,992 241.21-291.57 257.61 St Louis Spareribs, Combo - BBQ Style Spareribs, VAC 30,881 169.32-206.83 178.25 BBQ Style Spareribs, VAC, FZN - BBQ Style Spareribs, Poly - BBQ Style Spareribs, Poly, FZN - BBQ Style Spareribs, Combo - Ham 17/dn Ham Combo - 17-20# Trmd Selected Ham - 20-23# Trmd Selected Ham 342,363 55.94-62.22 58.80 23-27# Trmd Selected Ham 1,653,807 52.62-67.63 55.52 17-20 Ham Boxed - 17-20 Ham Boxed, FZN - 20-23 Ham Boxed 11,596 70.85-90.90 81.91 20-23 Ham Boxed, FZN - 23-27 Ham Boxed 8,676 62.05-84.03 68.65 23-27 Ham Boxed, FZN - 27 & up Bone In Hams Combo - 17-20 Boxed Vac Pack 4,895 65.05-88.69 72.77 17-20 Boxed Vac Pack, FZN - 20-23 Hams Sknd/Defatted Boxed - 20-23 Hams Sknd/Defatted Boxed, FZN - Collared Ham Combo - Collared Ham Boxed - Collared Ham Boxed, FZN - 3 Muscle Ham to Blue - 4 Muscle Ham to Blue 118,000 95.09-118.35 97.06 5 Muscle Ham to Blue - 3 Muscle Ham to Blue Boxed - 4 Muscle Ham to Blue Boxed - 5 Muscle Ham to Blue Boxed - Roll Out Ham - Rollout Ham Bnls Boxed 4,012 119.64-128.64 120.95 Roll Out Hams Rolled & Tied - Roll Out Ham Rolled Tied Boxed - 2pc 5,092 104.01-113.62 109.85 2PC Boxed - 2PC Boxed, FZN - Insides 467,897 92.57-108.14 95.95 Outsides 635,370 92.57-108.14 97.19 Knuckles 190,309 92.65-105.77 94.27 Lite Butt 42,087 92.57-98.91 94.58 Insides (RED) Combo - Outsides (RED) Combo - Knuckles (RED) Combo - Lite Butt (RED) Combo - Inner Shank 62,718 70.27-92.81 79.68 Outer Shank 27,620 71.59-74.62 73.32 Insides Boxed - Outsides Boxed - Knuckles Boxed - Lite Butt Boxed - Inner Shank Boxed - Outer Shank Boxed - Shanks Bone In - Shanks Bone In Boxed - Shanks Bone In Boxed, FZN - Belly Derind Belly 7-9# - Derind Belly 9-13# 222,714 147.07-170.21 159.87 Derind Belly 13-17# 195,000 157.84-158.01 157.91 Derind Belly 17-19# - Derind Belly 7-9# Boxed 2,162 196.01-246.59 233.68 Derind Belly 7-9# Boxed, FZN - Derind Belly 9-13# Boxed 12,323 183.02-219.21 203.82 Derind Belly 9-13# Boxed, FZN - Derind Belly 13-17# Boxed - Derind Belly 13-17# Boxed, FZN - Derind Belly 17-19# Boxed - Derind Belly 17-19# Boxed, FZN - Skin-on Belly 8-10# - Skin-on Belly 10-12# - Skin-on Belly 12-14# - Skin-on Belly 14-16# - Skin-on Belly 16-18# - Skin-on Belly 18-20# - Skin-on Belly 20-25# - Skin-on Belly 8-10# Boxed - Skin-on Belly 8-10# Boxed, FZN - Skin-on Belly 10-12# Boxed 146,529 163.16-247.88 169.77 Skin-on Belly 10-12# Boxed, FZN - Skin-on Belly 12-14# Boxed 5,896 166.47-174.56 170.74 Skin-on Belly 12-14# Boxed, FZN - Skin On Belly 14-16# Boxed 23,775 162.16-172.36 166.11 Skin On Belly 14-16# Boxed, FZN - Skin On Belly 16-18# Boxed - Skin On Belly 16-18# Boxed, FZN - Jowl Skinned Combo 143,149 17.48-33.73 24.75 Skinned Boxed 3,000 51.35-52.69 52.15 Skinned Boxed, FZN - Skin On Combo - Skin-On Boxed - Skin-On Boxed, FZN - 42% Trim Combo 106,566 16.97-23.12 18.88 65% Trim Combo - 72% Trim Combo 990,890 45.16-70.39 52.69 85% Trim Combo - 42% Trim Boxed 19,472 23.73-68.76 34.56 42% Trim Boxed, FZN 86,220 18.94-36.81 23.74 65% Trim Boxed - 72% Trim Boxed 25,380 64.71-112.90 75.33 72% Trim Boxed, FZN 96,840 67.25-113.90 68.59 85% Trim Boxed - Picnic Meat Combo Cushion Out 508,417 58.02-77.39 61.01 Picnic Meat Boxed Cushion Out 70,030 73.02-97.28 81.23 Picnic Meat Boxed Cushion Out, FZN 196,680 68.62-73.62 71.98 Picnic Meat Combo Cushion In - Picnic Meat Boxed Cushion In 24,542 95.18-114.24 112.42 Picnic Meat Boxed Cushion In, FZN - Trim w/trace Combo - Trim w/trace Boxed 4,125 27.16-36.16 29.61 Trim w/trace Boxed, FZN - Blade Meat Combo - Blade Meat Boxed 3,120 88.23-95.81 90.93 Blade Meat Boxed, FZN - 72% Ham Trim Combo 44,040 58.38-60.57 59.00 72% Ham Trim Boxed 7,800 74.17-81.37 74.72 90% Ham Trim Combo - Variety Untrimmed Neckbones Gas 21,446 41.47-75.76 52.38 Untrimmed Neckbones Gas, FZN - Trimmed Neckbones Gas 77,160 37.16-55.81 45.49 Trimmed Neckbones Gas, FZN - Trimmed Neckbones Poly 59,954 33.93-54.03 43.04 Trimmed Neckbones Poly, FZN 88,240 18.62-47.77 21.64 Untrimmed Neckbones Poly 127,101 30.89-72.84 64.57 Untrimmed Neckbones Poly, FZN - Trimmed Neckbones Combo - Untrimmed Neckbones Combo - Breast Bones Poly - Breast Bones Poly, FZN 82,623 33.85-40.85 37.28 Brisket Bones, Full Cut, 10# - Brisket Bones, Full Cut, 10#, FZN - Brisket Bones, Full Cut, 30# 4,624 68.63-71.63 70.53 Brisket Bones, Full Cut, 30#, FZN 6,764 46.25-106.53 69.38 Brisket Bones, Full Cut, Combo - Tails, Poly - Tails, Poly, FZN 15,450 100.37-116.63 104.90 Tails, Gas - Tails, Gas, FZN - Tails, Combo - Front Feet, Poly 78,204 62.74-80.00 73.99 Front Feet, Poly, FZN 4,102 54.04-59.97 55.63 Front Feet, Combo - Front Feet, Gas - Front Feet, Gas, FZN - Hind Feet, Poly - Hind Feet, Poly, FZN 23,694 31.01-50.37 38.50 Hind Feet, Combo - Hocks, Picnic, Poly 7,887 47.85-51.96 48.91 Hocks, Picnic, Poly, FZN 36,916 28.27-51.96 32.86 Hocks, Picnic, Gas - Hocks, Picnic, Gas, FZN - Hocks, Picnic, Combo 22,289 25.27-48.71 27.61 Front Feet, Split, Gas - Front Feet, Split, Gas, FZN - Front Feet, Split, Poly - Front Feet, Split, Poly, FZN 3,032 67.48-74.92 72.34 AI (Added Ingreds) AI 1/4 Trimmed Loin VAC - AI 1/4 Trimmed Loin VAC, FZN - AI 1/8 Trimmed Loin VAC 29,630 85.52-107.23 95.94 AI 1/8 Trimmed Loin VAC, FZN - AI Bone-in CC, Tender-in Loin, VAC 32,237 138.78-168.46 155.40 AI Bone-in CC, Tender-in Loin, VAC, FZN - AI Bnls CC Strap On 39,332 126.98-181.57 141.98 AI Bnls CC Strap On, FZN - AI Bnls CC Strap Off 39,948 134.48-149.53 143.55 AI Bnls CC Strap Off, FZN - AI Bnls CC Strap-on, 1/2 cut - AI Bnls CC Strap-on, 1/2 cut, FZN - AI Bnls CC Strap-off, 1/2 cut 22,489 135.78-150.70 145.93 AI Bnls CC Strap-off, 1/2 cut, FZN - AI Boneless Sirloin 16,552 98.78-122.88 109.60 AI Boneless Sirloin, FZN - AI Bone-in Sirloin - AI Bone-in Sirloin, FZN - AI Blade Ends - AI Blade Ends, FZN - AI Tenderloin 13,003 238.78-242.62 242.40 AI Tenderloin, FZN - AI Tenderloin, 1 pc vac 7,542 252.87-258.63 253.63 AI Tenderloin, 1 pc vac, FZN - AI Backribs 2.0#/up - AI Backribs 2.0#/up, FZN - AI Backribs 2.0#/up 1 Pc Vac - AI Backribs 2.0#/up 1 Pc Vac, FZN - AI SS Smoker Trim Picnic VAC - AI SS Smoker Trim Picnic VAC, FZN - AI SS Smoker Trim Picnic 1 Pc Vac 11,776 57.83-75.62 65.43 AI SS Smoker Trim Picnic 1 Pc Vac, FZN - AI Picnic Cushion Meat Vac 20,513 109.29-109.65 109.46 AI Picnic Cushion Meat Vac, FZN - AI 1/4 Trim Butt VAC - AI 1/4 Trim Butt VAC, FZN - AI 1/4 Trim Butt 1 Pc VAC - AI 1/4 Trim Butt 1 Pc VAC, FZN - AI 1/8 Trim Steak Ready Butt Vac - AI 1/8 Trim Steak Ready Butt Vac, FZN - AI 1/8 Trim Steak Ready Butt 1 Pc Vac 91,271 105.62-107.94 107.70 AI 1/8 Trim Steak Ready Butt 1 Pc Vac, F - AI 1/4 Trim Bnls Butt VAC - AI 1/4 Trim Bnls Butt VAC, FZN - AI Trmd Sparerib - LGT 13,096 151.52-164.74 158.97 AI Trmd Sparerib - LGT, FZN - AI Trmd Sparerib - LGT, 1 PC VAC - AI Trmd Sparerib - LGT, 1 PC VAC, FZN - AI Trmd Sparerib - MED - AI Trmd Sparerib - MED, FZN - AI Trmd Sparerib - MED, 1 PC VAC - AI Trmd Sparerib - MED, 1 PC VAC, FZN - ------ Items that have no entries indicate there were trades but not reportable because they did not meet the daily 3/70/20 guideline. Please refer to weekly as the item may qualify. Detailed description of the cutout is available on request.

Thursday, February 25, 2016 Page 8 USDA BY-PRODUCT PRICE REPORT FOB CENTRAL U.S. BASIS Carlot Basis - Dollars/hundredweight - as of 3:00 PM. PORK VARIETY MEATS - FROZEN ------------------------------------ Items Lds Price Range Wtg Avg CHEEK MEAT trimmed 1.0 75.00 75.00 CHITTERLINGS, 10 lb. pail EARS, Pet Treat, 3-4/lb EARS, edible export HEARTS, slashed, domestic 18.50-20.00 19.63 B single slashed, export multi slashed, export 19.00 19.00 B whole, export KIDNEYS, small box, export LIVERS, large box, domestic SALIVARY GLANDS, SNOUTS, partial lean partial lean w/mask STOMACHS, scalded, small box scalded, small box, export TONGUES, green, bnls, small box green, bnls, tip-on exp 97.00-98.00 97.50 B scalded & scraped UTERI --------- PORK SKINS FRESH IN COMBO MPR FOB PLANT POINT ------------ QUARTERLY CONTRACTS: February 01, 2016 Price Range Skins - Domestic Loin Skins, combo 17.01-44.00 Butt Skins, thick, combo 17.00-30.00 Butt Skins, thin, combo 14.70-38.00 Picnic Skins, combo 11.78-14.45 Ham Skins, combo 13.00-20.10 Belly Skins, combo 12.52-42.00 Jowl Skins, combo 13.00-14.64 Mixed Skins, combo 12.50-18.75 USDA TALLOW AND PROTEIN REPORT - FOB CENTRAL U.S. (unless otherwise stated) as of 3:00 PM. TALLOW, GREASE, AND LARD Lds Price Range Wtd Avg INEDBL, TALW/GRSE FOB CENTRAL Choice white grse (truck) 2.0 20.00-21.25 20.63 Yellow grease (truck) 17.50 17.50 B Yellow grease ECB (truck) 21.50 21.50 A EDBLE LARD, FOB PLANT (truck) Loose lard, PS and/or CP INEDBL, TALW/GRSE CAF CHICAGO Packer bleachable <.15% 28.00 28.00 E Renderer bleachable <.15% 28.00 28.00 B Choice white grease 26.50 26.50 A INEDBL TALLOW/GRSE, CAF GULF Packer bleachable tallow Renderer bleachable tallow Choice white grease Yellow Grease EDBLE TALW & LARD-CAF CHICAGO Edible tallow (1) unq Loose lard, PS and/or CP EDBLE TALLOW, CAF GULF Edible tallow (1) ----------------------------- PROTEIN FEED SUPPLEMENTS MEAT & BONEMEAL, 50% pro/ton Ruminant Central, Domestic 21.0 205.00-225.00 218.33 Ruminant Panhandle,Domestic 175.00-240.00 226.24 A PORK Meat/Bnmeal,50% pro/ton Central 13.0 220.00-260.00 223.08 ECB DRT (lo)/unit pro DRT (lo)/unit pro, pnhdl unq DRT BLOOD MEAL, (hi)/unit pro 85% pro/ton Central 825.00-900.00 890.63 B Panhandle 16.0 888.00 888.00 CAF California PORK BLOOD MEAL, 85% pro/ton Central 800.00 800.00 A ECB (1) May include Technical Animal Fat as both meet the same AFOA specifications.