National Monthly Grass Fed Beef Report Agricultural Marketing Service For The Month of March Livestock, Poultry & Grain Market News Fri. March 26, 2021

Negotiated Grass Fed Beef - Wholesale Grass Fed Beef - Direct to Consumer (Retail) Carcass Purchase Size ($/lb) 211.00Avg Item Description ($/lb) Avg Whole 5.75 - 9.00 7.86 Rib Primal Half 5.90 - 11.25 8.39 Ribeye, Boneless, Whole 15.00 - 29.70 19.45 Quarter 5.99 - 11.75 8.94 Ribeye Steak 12.00 - 29.70 19.25 Commodity Grassfed Item Description ($/lb) Avg Chuck Primal Beef* Premium** Chuck Roll 7.00 - 14.27 11.05 Ribeye Steak 16.50 - 33.28 22.61 8.26 14.35 Round Primal Ribeye Roast 16.00 - 26.50 21.56 8.40 13.16 Knuckle, Peeled, Whole Chuck Roast 7.50 - 12.00 9.38 4.76 4.63 Top Round, Inside Flat Iron Steak 13.49 - 32.00 20.05 7.19 12.86 Bottom Round, Gooseneck 9.99 - 11.25 10.52 Rump Roast 8.00 - 10.99 9.56 7.99 1.57 Eye of Round 9.00 - 14.25 11.53 Bottom Round Roast 7.00 - 9.00 8.08 4.31 3.78 Loin Primal Filet Mignon 19.00 - 35.51 29.15 15.55 13.60 Tenderloin, Whole 25.00 - 39.95 31.41 Tenderloin 17.00 - 24.00 19.71 8.52 11.20 Tri Tip 8.20 - 15.98 11.96 Tri Tip 9.00 - 15.25 12.08 6.52 5.56 Top Butt, Sirloin, Whole 10.00 - 17.85 12.97 Sirloin Steak 12.49 - 22.19 17.24 4.93 12.32 New York Steak 20.50 - 32.00 27.37 Sirloin Roast 8.73 - 12.49 10.58 3.99 12.31 Sirloin Steak 15.00 - 22.80 17.71 Brisket 8.00 - 12.00 9.83 3.94 5.89 Flank, Brisket, and Plate Primal Flank Steak 8.99 - 24.19 15.85 7.51 8.35 Brisket, Whole 8.00 - 14.21 10.32 Skirt Steak 12.73 - 20.14 15.17 6.68 8.49 Flank Steak 8.25 - 14.96 12.58 Short Ribs 5.99 - 10.99 7.81 5.89 1.92 Skirt Steak 9.99 - 17.99 13.01 Stew Meat 8.25 - 11.25 9.98 4.98 5.00 Hanger Steak 8.00 - 15.27 10.55 Direct Grass Fed Vs. Direct Commodity Short Ribs 9.00 - 11.95 10.19 Stew Meat 8.00 - 12.99 10.35 20.00 18.00 Ground or Trim Product 16.00 90% Bulk 7.00 - 11.99 9.17 14.00 90% Patties 9.00 - 12.95 9.94 12.00 10.00 85% Bulk Trim 8.00 Variety Meats 6.00 Beef Oxtail 10.40 - 11.80 10.90 4.00 Beef Liver 3.00 - 8.00 5.39 2.00 Beef Tongue 8.98 - 12.48 10.47 0.00 Beef Bones 3.00 - 7.98 5.19 Jan-21 Feb-21 Mar-21 Small and Very Small Producer Carcass Prices Direct Grass Fed Average Price by Region Verified through the Grass Fed SVS Producer Program $40.00 Prices shown are in ($/lb).

Grass Fed Beef Dressed Carcass Basis Range 3.00 - 4.80 $20.00 Grass Fed Beef Dressed Carcass Basis Weighted Avg 3.85 Cost of Production $0.00 NASS 17 State $/AUM Grazing Fees 2020 Survey 19.90 Ribeye Steak Chuck Roast Sirloin Steak Brisket Grazing Fee Estimates: Based on Grass Hay Prices Central South West Northeast Good Tallgrass Pasture $/AUM 27.50 Fair to Good Pasture $/AUM 20.63 Region Breakout: Central: ND, SD, NE, KS, MO, IA, MN, WI, MI, OH, WV, IN, IL; Northeast: ME, MA, NH, VT, NY, PA, MD, DE, NJ, CT, RI; Southern: OK, KY, TN, VA, AR, TX, LA, MS, AL, GA, FL, NC, SC; Western: WA, OR, CA, NV, AZ, NM, CO, WY, MT, ID, UT, AK, HI

Source: USDA Livestock, Poultry and Grain Market News * Prices averaged from the National Retail Beef Activity Report Des Moines, Iowa | 515-284-4460 | [email protected] ** The difference in commodity retail beef prices and grass fed retail beef prices. www.ams.usda.gov/LPSMarketNewsPage