Thursday, January 29, 2015

Meat Import Council of America
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Fat Claims Adjustment


Fat Claims Guidelines 2012


Fat Claims Guidelines 2007


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Laboratory List


Sample Letter to Laboratory


Rules for Arbitration of Disputes


January Fat Claims Adjustment Calculation

Adjustment Factor Applicable to a Claim

 

The price adjustment is determined by the date when the claim is initially filed with the importer.  E.g. If a claim is filed with the importer by his customer in June then the claim will be based on the adjustment factor that will be published on the MICA website as “May Prices for June Claims”.

 

 

Adjustment per 1% point of lean - USc/lb

4.87

 

 December Prices for January Claims

 

 

 

 Weighted Average Prices USDA closing quotes, National

 

 

Fresh 50s

Fresh 90s

Fresh 95s

 

1-Dec

113.79

296.58

306.58

Item

% Lean

Price

Formula

 

2-Dec

114.28

296.77

306.77

 

3-Dec

110.13

295.85

305.85

Imp 90s

90

200.00

35.00%

31.50

70.00

4-Dec

111.69

297.66

307.66

Imp 89s

89

 

0.00

0.00

5-Dec

109.94

300.52

310.52

LFTB

92

276.46

15.00%

13.80

41.47

8-Dec

111.35

298.24

308.24

Dom 90s

90

296.46

19.25%

17.33

57.07

9-Dec

112.34

298.24

308.24

Dom 50s

50

101.72

30.75%

15.38

31.28

10-Dec

103.23

295.21

305.21

100.00%

78.00

 

11-Dec

101.86

296.90

306.90

 

78.00

199.82

12-Dec

101.49

294.96

304.96

 

15-Dec

104.08

296.04

306.04

Item

% Lean

Price

Formula

 

16-Dec

94.87

292.15

302.15

 

17-Dec

94.37

294.69

304.69

Imp 90s

90

 

0.00

0.00

18-Dec

95.40

292.92

302.92

Imp 89s

89

195.13

35.00%

31.15

68.30

19-Dec

92.25

294.68

304.68

LFTB

92

276.46

15.00%

13.80

41.47

22-Dec

91.81

294.67

304.67

Dom 90s

90

296.46

20.13%

18.11

59.66

23-Dec

89.70

293.62

303.62

Dom 50s

50

101.72

29.88%

14.94

30.39

24-Dec

92.54

299.51

309.51

100.00%

78.00

 

25-Dec

Holiday

 

 

 

78.00

199.82

26-Dec

92.54

296.91

306.91

 

29-Dec

96.60

296.47

306.47

 

30-Dec

97.04

297.81

307.81

 

31-Dec

106.52

301.70

311.70

 

Average

101.72

296.46

306.46

 

 

 

 

 

 

 

 

 

Adjustment per 1% point of lean - USc/lb

4.52

 

 November Prices for December Claims

 

 

 

 Weighted Average Prices USDA closing quotes, National

 

 

Fresh 50s

Fresh 90s

Fresh 95s

 

3-Nov

119.60

296.08

306.08

Item

% Lean

Price

Formula

 

4-Nov

117.40

296.61

306.61

 

5-Nov

115.38

295.67

305.67

Imp 90s

90

200.00

35.00%

31.50

70.00

6-Nov

110.57

295.79

305.79

Imp 89s

89

 

0.00

0.00

7-Nov

114.81

296.43

306.43

LFTB

92

275.87

15.00%

13.80

41.38

10-Nov

114.81

296.33

306.33

Dom 90s

90

295.87

19.25%

17.33

56.95

11-Nov

117.04

296.05

306.05

Dom 50s

50

115.24

30.75%

15.38

35.44

12-Nov

119.46

294.48

304.48

100.00%

78.00

 

13-Nov

118.30

295.77

305.77

 

78.00

203.77

14-Nov

116.08

295.88

305.88

 

17-Nov

115.77

295.99

305.99

Item

% Lean

Price

Formula

 

18-Nov

114.11

294.26

304.26

 

19-Nov

119.06

294.60

304.60

Imp 90s

90

 

0.00

0.00

20-Nov

113.26

296.10

306.10

Imp 89s

89

195.48

35.00%

31.15

68.42

21-Nov

113.43

296.46

306.46

LFTB

92

275.87

15.00%

13.80

41.38

24-Nov

115.08

295.88

305.88

Dom 90s

90

295.87

20.13%

18.11

59.54

25-Nov

112.50

295.32

305.32

Dom 50s

50

115.24

29.88%

14.94

34.43

26-Nov

109.82

296.38

306.38

100.00%

78.00

 

27-Nov

Holiday

 

 

 

78.00

203.77

28-Nov

113.04

297.39

307.39

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average

115.24

295.87

305.87

 

 

 

 

 

 

 

 

 

Adjustment per 1% point of lean - USc/lb

4.58

 

 October Prices for November Claims

 

 

 

 Weighted Average Prices USDA closing quotes, National

 

 

Fresh 50s

Fresh 90s

Fresh 95s

 

1-Oct

103.94

294.01

304.01

Item

% Lean

Price

Formula

 

2-Oct

103.96

294.14

304.14

 

3-Oct

104.31

295.35

305.35

Imp 90s

90

200.00

35.00%

31.50

70.00

6-Oct

104.83

295.61

305.61

Imp 89s

89

 

0.00

0.00

7-Oct

106.39

296.50

306.50

LFTB

92

275.80

15.00%

13.80

41.37

8-Oct

106.84

293.34

303.34

Dom 90s

90

295.80

19.25%

17.33

56.94

9-Oct

104.70

295.44

305.44

Dom 50s

50

112.67

30.75%

15.38

34.65

10-Oct

105.32

296.82

306.82

100.00%

78.00

 

13-Oct

107.21

295.61

305.61

 

78.00

202.96

14-Oct

112.05

293.84

303.84

 

15-Oct

112.04

297.75

307.75

Item

% Lean

Price

Formula

 

16-Oct

115.39

296.93

306.93

 

17-Oct

115.39

296.32

306.32

Imp 90s

90

 

0.00

0.00

20-Oct

116.28

296.33

306.33

Imp 89s

89

195.42

35.00%

31.15

68.40

21-Oct

120.02

296.19

306.19

LFTB

92

275.80

15.00%

13.80

41.37

22-Oct

117.44

296.09

306.09

Dom 90s

90

295.80

20.13%

18.11

59.53

23-Oct

119.67

297.34

307.34

Dom 50s

50

112.67

29.88%

14.94

33.66

24-Oct

117.46

296.42

306.42

100.00%

78.00

 

27-Oct

122.42

296.40

306.40

 

78.00

202.96

28-Oct

121.00

295.40

305.40

 

29-Oct

119.00

295.57

305.57

 

30-Oct

118.55

296.31

306.31

 

31-Oct

117.16

295.71

305.71

 

Average

112.67

295.80

305.80