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
|
2.22
|
|
July Prices for August Claims
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted Average Prices USDA closing quotes,
National
|
|
|
|
|
|
|
|
Fresh 50s
|
Fresh 90s
|
Fresh 95s
|
|
|
|
|
|
|
|
|
1-Jul
|
76.26
|
162.66
|
172.66
|
|
Item
|
% Lean
|
Price
|
Formula
|
|
|
|
2-Jul
|
76.09
|
162.51
|
172.51
|
|
|
|
|
|
|
|
|
5-Jul
|
Holiday
|
|
|
|
Imp 90s
|
90
|
100.00
|
35.00%
|
31.50
|
35.00
|
|
6-Jul
|
76.69
|
162.69
|
172.69
|
|
Imp 89s
|
89
|
|
|
0.00
|
0.00
|
|
7-Jul
|
78.14
|
163.44
|
173.44
|
|
LFTB
|
92
|
144.97
|
15.00%
|
13.80
|
21.75
|
|
8-Jul
|
76.47
|
163.52
|
173.52
|
|
Dom 90s
|
90
|
164.97
|
19.25%
|
17.33
|
31.76
|
|
9-Jul
|
76.39
|
162.93
|
172.93
|
|
Dom 50s
|
50
|
76.06
|
30.75%
|
15.38
|
23.39
|
|
12-Jul
|
76.76
|
163.46
|
173.46
|
|
|
|
|
100.00%
|
78.00
|
|
|
13-Jul
|
76.68
|
164.96
|
174.96
|
|
|
|
|
|
78.00
|
111.89
|
|
14-Jul
|
77.59
|
165.60
|
175.60
|
|
|
|
|
|
|
|
|
15-Jul
|
76.43
|
166.68
|
176.68
|
|
Item
|
% Lean
|
Price
|
Formula
|
|
|
|
16-Jul
|
75.70
|
164.95
|
174.95
|
|
|
|
|
|
|
|
|
19-Jul
|
76.60
|
165.07
|
175.07
|
|
Imp 90s
|
90
|
|
|
0.00
|
0.00
|
|
20-Jul
|
78.25
|
166.25
|
176.25
|
|
Imp 89s
|
89
|
97.78
|
35.00%
|
31.15
|
34.22
|
|
21-Jul
|
77.51
|
166.83
|
176.83
|
|
LFTB
|
92
|
144.97
|
15.00%
|
13.80
|
21.75
|
|
22-Jul
|
77.16
|
166.51
|
176.51
|
|
Dom 90s
|
90
|
164.97
|
20.13%
|
18.11
|
33.20
|
|
23-Jul
|
77.62
|
164.62
|
174.62
|
|
Dom 50s
|
50
|
76.06
|
29.88%
|
14.94
|
22.72
|
|
26-Jul
|
76.32
|
166.15
|
176.15
|
|
|
|
|
100.00%
|
78.00
|
|
|
27-Jul
|
77.20
|
168.37
|
178.37
|
|
|
|
|
|
78.00
|
111.89
|
|
28-Jul
|
72.16
|
164.83
|
174.83
|
|
|
|
|
|
|
|
|
29-Jul
|
71.25
|
166.68
|
176.68
|
|
|
|
|
|
|
|
|
30-Jul
|
69.96
|
165.66
|
175.66
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average
|
76.06
|
164.97
|
174.97
|
|
|
|
|
|
|
|
|
Adjustment
per 1% point of lean - USc/lb
|
2.05
|
|
June Prices for July Claims
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted Average Prices USDA closing quotes,
National
|
|
|
|
|
|
|
|
Fresh 50s
|
Fresh 90s
|
Fresh 95s
|
|
|
|
|
|
|
|
|
1-Jun
|
88.33
|
164.80
|
174.80
|
|
Item
|
% Lean
|
Price
|
Formula
|
|
|
|
2-Jun
|
88.00
|
164.28
|
174.28
|
|
|
|
|
|
|
|
|
3-Jun
|
86.73
|
163.76
|
173.76
|
|
Imp 90s
|
90
|
100.00
|
35.00%
|
31.50
|
35.00
|
|
4-Jun
|
85.14
|
162.46
|
172.46
|
|
Imp 89s
|
89
|
|
|
0.00
|
0.00
|
|
7-Jun
|
86.48
|
163.18
|
173.18
|
|
LFTB
|
92
|
141.34
|
15.00%
|
13.80
|
21.20
|
|
8-Jun
|
80.55
|
161.93
|
171.93
|
|
Dom 90s
|
90
|
161.34
|
19.25%
|
17.33
|
31.06
|
|
9-Jun
|
77.61
|
161.87
|
171.87
|
|
Dom 50s
|
50
|
79.40
|
30.75%
|
15.38
|
24.42
|
|
10-Jun
|
75.67
|
160.40
|
170.40
|
|
|
|
|
100.00%
|
78.00
|
|
|
11-Jun
|
75.67
|
160.23
|
170.23
|
|
|
|
|
|
78.00
|
111.68
|
|
14-Jun
|
77.81
|
161.22
|
171.22
|
|
|
|
|
|
|
|
|
15-Jun
|
77.50
|
159.72
|
169.72
|
|
Item
|
% Lean
|
Price
|
Formula
|
|
|
|
16-Jun
|
77.00
|
158.54
|
168.54
|
|
|
|
|
|
|
|
|
17-Jun
|
76.08
|
160.54
|
170.54
|
|
Imp 90s
|
90
|
|
|
0.00
|
0.00
|
|
18-Jun
|
76.31
|
158.68
|
168.68
|
|
Imp 89s
|
89
|
97.95
|
35.00%
|
31.15
|
34.28
|
|
21-Jun
|
77.46
|
159.75
|
169.75
|
|
LFTB
|
92
|
141.34
|
15.00%
|
13.80
|
21.20
|
|
22-Jun
|
79.06
|
160.07
|
170.07
|
|
Dom 90s
|
90
|
161.34
|
20.13%
|
18.11
|
32.47
|
|
23-Jun
|
79.72
|
161.02
|
171.02
|
|
Dom 50s
|
50
|
79.40
|
29.88%
|
14.94
|
23.72
|
|
24-Jun
|
77.16
|
161.69
|
171.69
|
|
|
|
|
100.00%
|
78.00
|
|
|
25-Jun
|
76.78
|
159.62
|
169.62
|
|
|
|
|
|
78.00
|
111.68
|
|
28-Jun
|
75.01
|
161.32
|
171.32
|
|
|
|
|
|
|
|
|
29-Jun
|
76.03
|
162.43
|
172.43
|
|
|
|
|
|
|
|
|
30-Jun
|
76.76
|
161.99
|
171.99
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average
|
79.40
|
161.34
|
171.34
|
|
|
|
|
|
|
|
|
Adjustment
per 1% point of lean - USc/lb
|
1.67
|
|
May Prices for June Claims
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted Average Prices USDA closing quotes,
National
|
|
|
|
|
|
|
|
Fresh 50s
|
Fresh 90s
|
Fresh 95s
|
|
|
|
|
|
|
|
|
3-May
|
111.94
|
171.12
|
181.12
|
|
Item
|
% Lean
|
Price
|
Formula
|
|
|
|
4-May
|
115.52
|
173.15
|
183.15
|
|
|
|
|
|
|
|
|
5-May
|
115.38
|
171.90
|
181.90
|
|
Imp 90s
|
90
|
100.00
|
35.00%
|
31.50
|
35.00
|
|
6-May
|
115.78
|
172.18
|
182.18
|
|
Imp 89s
|
89
|
|
|
0.00
|
0.00
|
|
7-May
|
115.78
|
171.30
|
181.30
|
|
LFTB
|
92
|
148.93
|
15.00%
|
13.80
|
22.34
|
|
10-May
|
115.20
|
171.82
|
181.82
|
|
Dom 90s
|
90
|
168.93
|
19.25%
|
17.33
|
32.52
|
|
11-May
|
115.66
|
171.73
|
181.73
|
|
Dom 50s
|
50
|
102.29
|
30.75%
|
15.38
|
31.45
|
|
12-May
|
113.71
|
171.01
|
181.01
|
|
|
|
|
100.00%
|
78.00
|
|
|
13-May
|
106.76
|
170.72
|
180.72
|
|
|
|
|
|
78.00
|
121.31
|
|
14-May
|
101.04
|
169.18
|
179.18
|
|
|
|
|
|
|
|
|
17-May
|
104.87
|
170.27
|
180.27
|
|
Item
|
% Lean
|
Price
|
Formula
|
|
|
|
18-May
|
98.30
|
169.25
|
179.25
|
|
|
|
|
|
|
|
|
19-May
|
92.96
|
167.88
|
177.88
|
|
Imp 90s
|
90
|
|
|
0.00
|
0.00
|
|
20-May
|
88.29
|
167.20
|
177.20
|
|
Imp 89s
|
89
|
98.33
|
35.00%
|
31.15
|
34.42
|
|
21-May
|
88.50
|
164.93
|
174.93
|
|
LFTB
|
92
|
148.93
|
15.00%
|
13.80
|
22.34
|
|
24-May
|
90.51
|
166.45
|
176.45
|
|
Dom 90s
|
90
|
168.93
|
20.13%
|
18.11
|
34.00
|
|
25-May
|
90.21
|
165.52
|
175.52
|
|
Dom 50s
|
50
|
102.29
|
29.88%
|
14.94
|
30.56
|
|
26-May
|
89.11
|
164.85
|
174.85
|
|
|
|
|
100.00%
|
78.00
|
|
|
27-May
|
87.81
|
164.79
|
174.79
|
|
|
|
|
|
78.00
|
121.31
|
|
28-May
|
88.47
|
163.36
|
173.36
|
|
|
|
|
|
|
|
|
31-May
|
HOLIDAY
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average
|
102.29
|
168.93
|
178.93
|
|
|
|
|
|
|
|
