Wednesday, April 23, 2014

Meat Import Council of America
  Home   MICA Guidelines   Food Safety   Members Only   Site Map                

Fat Claims Adjustment


Fat Claims Guidelines 2012


Fat Claims Guidelines 2007


Arbitration Rules


Specifacations and Trading Rules


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

2.90

 

 March Prices for April Claims

 

 

 

 Weighted Average Prices USDA closing quotes, National

 

 

Fresh 50s

Fresh 90s

Fresh 95s

 

3-Mar

122.04

248.71

258.71

Item

% Lean

Price

Formula

 

4-Mar

127.93

250.20

260.20

 

5-Mar

133.43

255.76

265.76

Imp 90s

90

200.00

35.00%

31.50

70.00

6-Mar

137.47

254.15

264.15

Imp 89s

89

 

0.00

0.00

7-Mar

144.89

257.01

267.01

LFTB

92

240.28

15.00%

13.80

36.04

10-Mar

154.47

253.72

263.72

Dom 90s

90

260.28

19.25%

17.33

50.10

11-Mar

154.95

257.42

267.42

Dom 50s

50

144.13

30.75%

15.38

44.32

12-Mar

158.97

260.01

270.01

100.00%

78.00

 

13-Mar

162.24

259.30

269.30

 

78.00

200.47

14-Mar

162.71

262.25

272.25

 

17-Mar

162.77

260.15

270.15

Item

% Lean

Price

Formula

 

18-Mar

159.99

265.37

275.37

 

19-Mar

158.14

262.03

272.03

Imp 90s

90

 

0.00

0.00

20-Mar

150.11

265.37

275.37

Imp 89s

89

197.10

35.00%

31.15

68.98

21-Mar

150.10

266.55

276.55

LFTB

92

240.28

15.00%

13.80

36.04

24-Mar

153.69

264.14

274.14

Dom 90s

90

260.28

20.13%

18.11

52.38

25-Mar

135.52

265.68

275.68

Dom 50s

50

144.13

29.88%

14.94

43.06

26-Mar

137.49

265.13

275.13

100.00%

78.00

 

27-Mar

120.35

261.17

271.17

 

78.00

200.47

28-Mar

119.80

267.24

277.24

 

31-Mar

119.70

264.52

274.52

 

 

 

 

 

 

 

 

 

 

 

Average

144.13

260.28

270.28

 

 

 

 

 

 

 

 

 

Adjustment per 1% point of lean - USc/lb

3.21

 

February Prices for March Claims

 

 

 

 Weighted Average Prices USDA closing quotes, National

 

 

Fresh 50s

Fresh 90s

Fresh 95s

 

3-Feb

102.43

222.27

232.27

Item

% Lean

Price

Formula

 

4-Feb

95.80

223.53

233.53

 

5-Feb

96.78

223.78

233.78

Imp 90s

90

200.00

35.00%

31.50

70.00

6-Feb

100.27

224.87

234.87

Imp 89s

89

 

0.00

0.00

7-Feb

96.71

223.83

233.83

LFTB

92

216.63

15.00%

13.80

32.49

10-Feb

98.38

224.45

234.45

Dom 90s

90

236.63

19.25%

17.33

45.55

11-Feb

99.55

228.91

238.91

Dom 50s

50

108.11

30.75%

15.38

33.24

12-Feb

106.52

232.40

242.40

100.00%

78.00

 

13-Feb

102.70

233.11

243.11

 

78.00

181.29

14-Feb

105.12

232.85

242.85

 

17-Feb

104.89

238.11

248.11

Item

% Lean

Price

Formula

 

18-Feb

109.36

239.07

249.07

 

19-Feb

112.69

243.10

253.10

Imp 90s

90

 

0.00

0.00

20-Feb

114.27

247.28

257.28

Imp 89s

89

196.79

35.00%

31.15

68.88

21-Feb

113.14

250.00

260.00

LFTB

92

216.63

15.00%

13.80

32.49

24-Feb

113.36

245.38

255.38

Dom 90s

90

236.63

20.13%

18.11

47.62

25-Feb

117.51

251.46

261.46

Dom 50s

50

108.11

29.88%

14.94

32.30

26-Feb

122.17

248.67

258.67

100.00%

78.00

 

27-Feb

127.54

250.73

260.73

 

78.00

181.29

28-Feb

123.06

248.74

258.74

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average

108.11

236.63

246.63

 

 

 

 

 

 

 

 

 

Adjustment per 1% point of lean - USc/lb

2.80

 

January Prices for February Claims

 

 

 

 Weighted Average Prices USDA closing quotes, National

 

 

Fresh 50s

Fresh 90s

Fresh 95s

 

1-Jan

Holiday

 

 

Item

% Lean

Price

Formula

 

2-Jan

89.46

214.69

224.69

 

3-Jan

95.58

217.11

227.11

Imp 90s

90

200.00

35.00%

31.50

70.00

6-Jan

92.57

214.83

224.83

Imp 89s

89

 

0.00

0.00

7-Jan

92.57

217.45

227.45

LFTB

92

200.15

15.00%

13.80

30.02

8-Jan

102.44

215.02

225.02

Dom 90s

90

220.15

19.25%

17.33

42.38

9-Jan

107.33

218.48

228.48

Dom 50s

50

108.12

30.75%

15.38

33.25

10-Jan

109.88

218.71

228.71

100.00%

78.00

 

13-Jan

114.76

218.16

228.16

 

78.00

175.65

14-Jan

119.87

222.38

232.38

 

15-Jan

118.73

220.94

230.94

Item

% Lean

Price

Formula

 

16-Jan

116.93

222.68

232.68

 

17-Jan

119.59

220.21

230.21

Imp 90s

90

 

0.00

0.00

20-Jan

117.30

220.95

230.95

Imp 89s

89

197.20

35.00%

31.15

69.02

21-Jan

114.33

221.86

231.86

LFTB

92

200.15

15.00%

13.80

30.02

22-Jan

113.08

222.45

232.45

Dom 90s

90

220.15

20.13%

18.11

44.31

23-Jan

103.22

221.33

231.33

Dom 50s

50

108.12

29.88%

14.94

32.30

24-Jan

104.66

223.10

233.10

100.00%

78.00

 

27-Jan

110.38

221.35

231.35

 

78.00

175.65

28-Jan

104.30

222.43

232.43

 

29-Jan

111.83

222.72

232.72

 

30-Jan

111.86

222.21

232.21

 

31-Jan

107.94

224.23

234.23

 

Average

108.12

220.15

230.15