Unit Trade Interest Remains Active

“We have had good interest in USPB units this past month, with numerous offers to buy and sell being posted on AgStock-Trade,” notes Tracy Thomas, vice president of Marketing. “To date, total Class A unit sales for fiscal year 2013 is 17,456 (combining Class A units sold with delivery rights available in the current delivery year and Class A units sold with delivery rights available next delivery year), for an average price of $160.33.”

AgStockTrade.com recently launched a mobile website, which will communicate USPB Class A and Class B unit buy and sell offers on a real time basis. From your smart phone’s web browser, enter www.uspb.agstocktrade.com to access the 

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Record results for both brands

CAB, CHB Brands
Continue Solid Growth

Certified Angus Beef® (CAB) and Certified Hereford Beef® (CHB) have reported their branded programs realized significant growth during their recently completed fiscal years.

CAB announced record total sales of more than 60 million pounds of product every month in fiscal year 2013. It marked the seventh consecutive year of growth for CAB. Its network of 16,000 licensed partners worldwide sold 865 million pounds for the year, an increase of 6.7% or 54 million pounds.

Growth was balanced among all divisions. Retail partners again accounted for the most sales, 46%, and their 398 million pounds was an increase of 3.1% for the year. Foodservice partners made up nearly one-third of the brand’s total sales this year, responding to consumer demand for quality beef to set the record of 276 million pounds sold, up 6.2%.

Value-added product sales set a new record of 24 million pounds, up 11.6% while international sales rose 17%. Meanwhile CHB reported a record year in total volume with 48.8 million pounds sold—a 4% increase compared to the previous year. Currently, CHB is offered in 301 retail supermarkets in 35 states, as well as through 38 foodservice distribution centers serving restaurants. More than 382,000 cattle were identified through CHB-licensed facilities during fiscal year 2013 as eligible from a live specification standpoint, while more than 259,000 carcasses were certified for the program—a certification rate of 68%.♦

USDA’s Choice/Select Spread Rebounds

FY 2013

Most

DR = Delivery Rights; DY = Delivery Year

Trades

Recent

Trades

# Class A Units (DR available this DY)

7,465

6,270

Average Price Per Unit

$174.16

$174.25

# Class A Units (DR available next DY)

9,991

9,971

Average Price Per Unit

$150.00

$150.00

# Class B Units

17,171

6,270

Average Price Per Unit

$173.34

$174.25

FY 2013 Annual Meeting

To Be Held on March 28, 2014
 

U.S. Premium Beef’s fiscal year 2013 annual meeting will be held in Kansas City, MO, at the Kansas City Airport Hilton on March 28, 2014. A reception will be held on the evening of March 27 at the Airport Hilton.

There are three positions on USPB’s Board of Directors up for election. Mark Gardiner, Ashland, KS, Doug Laue, Council Grove, KS, and Joe Morgan, Scott City, KS, currently hold these positions. All three candidates have indicated they will seek reelection.

Unitholders who want information on becoming a candidate for USPB’s Board should contact the our office at 866-877-2525. Applications are due December 28, 2013. Watch upcoming UPDATES for more information on the annual meeting.♦