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 |
4.50 |
|
September Prices for
October Claims |
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Weighted Average Prices USDA closing quotes,
National |
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Fresh 50s |
Fresh 90s |
Fresh 95s |
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|
1-Sep |
44.54 |
230.91 |
240.91 |
Item |
% Lean |
Price |
Formula |
|
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|
4-Sep |
Holiday |
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|
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5-Sep |
49.44 |
230.20 |
240.20 |
Imp
90s |
90 |
200.00 |
35.00% |
31.50 |
70.00 |
|
|
6-Sep |
49.52 |
229.52 |
239.52 |
Imp
89s |
89 |
|
0.00 |
0.00 |
||
|
7-Sep |
46.97 |
228.47 |
238.47 |
LFTB |
92 |
204.78 |
15.00% |
13.80 |
30.72 |
|
|
8-Sep |
45.06 |
225.67 |
235.67 |
Dom
90s |
90 |
224.78 |
19.25% |
17.33 |
43.27 |
|
|
11-Sep |
45.09 |
227.27 |
237.27 |
Dom
50s |
50 |
44.884 |
0.3075 |
15.38 |
13.80 |
|
|
12-Sep |
43.31 |
225.06 |
235.06 |
100.00% |
78.00 |
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|
13-Sep |
42.48 |
229.18 |
239.18 |
|
78.00 |
157.79 |
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14-Sep |
40.85 |
224.30 |
234.30 |
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15-Sep |
43.11 |
225.90 |
235.90 |
Item |
%
Lean |
Price |
Formula |
|
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18-Sep |
42.60 |
225.44 |
235.44 |
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19-Sep |
43.78 |
219.31 |
229.31 |
Imp
90s |
90 |
|
0.00 |
0.00 |
||
|
20-Sep |
45.58 |
224.41 |
234.41 |
Imp
89s |
89 |
195.50 |
35.00% |
31.15 |
68.43 |
|
|
21-Sep |
42.70 |
224.46 |
234.46 |
LFTB |
92 |
204.78 |
15.00% |
13.80 |
30.72 |
|
|
22-Sep |
45.64 |
222.21 |
232.21 |
Dom
90s |
90 |
224.78 |
20.13% |
18.11 |
45.24 |
|
|
25-Sep |
49.55 |
222.11 |
232.11 |
Dom
50s |
50 |
44.884 |
0.29875 |
14.94 |
13.41 |
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|
26-Sep |
45.51 |
221.01 |
231.01 |
100.00% |
78.00 |
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27-Sep |
44.48 |
221.11 |
231.11 |
|
78.00 |
157.79 |
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28-Sep |
44.55 |
220.10 |
230.10 |
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29-Sep |
42.92 |
219.00 |
229.00 |
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|
Average |
44.88 |
224.78 |
234.78 |
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|
Adjustment
per 1% point of lean - USc/lb |
4.00 |
|
August Prices for
September Claims |
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Weighted Average Prices USDA closing quotes,
National |
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Fresh 50s |
Fresh 90s |
Fresh 95s |
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1-Aug |
89.49 |
234.34 |
244.34 |
Item |
% Lean |
Price |
Formula |
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|
2-Aug |
86.22 |
232.78 |
242.78 |
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3-Aug |
88.62 |
232.22 |
242.22 |
Imp
90s |
90 |
200.00 |
35.00% |
31.50 |
70.00 |
|
|
4-Aug |
88.62 |
232.00 |
242.00 |
Imp
89s |
89 |
|
0.00 |
0.00 |
||
|
7-Aug |
88.02 |
234.05 |
244.05 |
LFTB |
92 |
212.45 |
15.00% |
13.80 |
31.87 |
|
|
8-Aug |
84.90 |
235.33 |
245.33 |
Dom
90s |
90 |
232.45 |
19.25% |
17.33 |
44.75 |
|
|
9-Aug |
81.58 |
232.37 |
242.37 |
Dom
50s |
50 |
72.443913 |
0.3075 |
15.38 |
22.28 |
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10-Aug |
84.63 |
233.12 |
243.12 |
100.00% |
78.00 |
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11-Aug |
84.63 |
233.12 |
243.12 |
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78.00 |
168.89 |
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14-Aug |
77.65 |
233.50 |
243.50 |
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15-Aug |
79.45 |
235.32 |
245.32 |
Item |
%
Lean |
Price |
Formula |
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16-Aug |
67.24 |
231.00 |
241.00 |
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17-Aug |
67.24 |
232.87 |
242.87 |
Imp
90s |
90 |
|
0.00 |
0.00 |
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|
18-Aug |
67.24 |
232.68 |
242.68 |
Imp
89s |
89 |
196.00 |
35.00% |
31.15 |
68.60 |
|
|
21-Aug |
65.96 |
232.27 |
242.27 |
LFTB |
92 |
212.45 |
15.00% |
13.80 |
31.87 |
|
|
22-Aug |
63.34 |
233.63 |
243.63 |
Dom
90s |
90 |
232.45 |
20.13% |
18.11 |
46.78 |
|
|
23-Aug |
63.34 |
231.32 |
241.32 |
Dom
50s |
50 |
72.443913 |
0.29875 |
14.94 |
21.64 |
|
|
24-Aug |
57.65 |
231.39 |
241.39 |
100.00% |
78.00 |
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25-Aug |
56.21 |
231.39 |
241.39 |
|
78.00 |
168.89 |
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28-Aug |
59.55 |
232.04 |
242.04 |
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29-Aug |
58.00 |
229.51 |
239.51 |
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30-Aug |
52.06 |
230.19 |
240.19 |
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31-Aug |
54.57 |
229.99 |
239.99 |
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|
Average |
72.44 |
232.45 |
242.45 |
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|
Adjustment
per 1% point of lean - USc/lb |
3.51 |
|
July Prices for
August Claims |
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|
Weighted Average Prices USDA closing quotes,
National |
|
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|
Fresh 50s |
Fresh 90s |
Fresh 95s |
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|
3-Jul |
99.12 |
231.90 |
241.90 |
Item |
% Lean |
Price |
Formula |
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|
4-Jul |
Holiday |
|
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|
5-Jul |
100.75 |
232.69 |
242.69 |
Imp
90s |
90 |
200.00 |
35.00% |
31.50 |
70.00 |
|
|
6-Jul |
100.75 |
232.45 |
242.45 |
Imp
89s |
89 |
|
0.00 |
0.00 |
||
|
7-Jul |
101.53 |
232.27 |
242.27 |
LFTB |
92 |
213.48 |
15.00% |
13.80 |
32.02 |
|
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10-Jul |
101.77 |
233.28 |
243.28 |
Dom
90s |
90 |
233.48 |
19.25% |
17.33 |
44.94 |
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11-Jul |
99.44 |
234.28 |
244.28 |
Dom
50s |
50 |
93.0675 |
0.3075 |
15.38 |
28.62 |
|
|
12-Jul |
93.25 |
232.26 |
242.26 |
100.00% |
78.00 |
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|
13-Jul |
90.75 |
234.94 |
244.94 |
|
78.00 |
175.58 |
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14-Jul |
96.85 |
232.36 |
242.36 |
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17-Jul |
91.19 |
233.33 |
243.33 |
Item |
%
Lean |
Price |
Formula |
|
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|
18-Jul |
89.61 |
238.06 |
248.06 |
|
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19-Jul |
84.91 |
233.08 |
243.08 |
Imp
90s |
90 |
|
0.00 |
0.00 |
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|
20-Jul |
84.91 |
234.28 |
244.28 |
Imp
89s |
89 |
196.49 |
35.00% |
31.15 |
68.77 |
|
|
21-Jul |
91.03 |
232.78 |
242.78 |
LFTB |
92 |
213.48 |
15.00% |
13.80 |
32.02 |
|
|
24-Jul |
93.19 |
233.61 |
243.61 |
Dom
90s |
90 |
233.48 |
20.13% |
18.11 |
46.99 |
|
|
25-Jul |
87.64 |
233.96 |
243.96 |
Dom
50s |
50 |
93.0675 |
0.29875 |
14.94 |
27.80 |
|
|
26-Jul |
87.64 |
232.89 |
242.89 |
100.00% |
78.00 |
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27-Jul |
89.22 |
233.82 |
243.82 |
|
78.00 |
175.58 |
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28-Jul |
89.22 |
233.42 |
243.42 |
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31-Jul |
88.58 |
233.84 |
243.84 |
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|
Average |
93.07 |
233.48 |
243.48 |
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