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				6.65		June Prices for July Claims
Weighted Average Prices USDA closing quotes, National
	50CL Fr.	90CL Fr.	Fresh 95s
3-Jun	77.21	253.47	263.47		Item	% Lean	Price	Formula
4-Jun	75.19	253.47	263.47
5-Jun	77.54	360.21	370.21		Imp 90s	90	200.00	35.00%	31.50	70.00
6-Jun	84.37	358.81	368.81		Imp 89s	89			0.00	0.00
7-Jun	81.58	356.10	366.10		LFTB	92	332.35	15.00%	13.80	49.85
10-Jun	72.97	360.06	370.06		Dom 90s	90	352.35	19.25%	17.33	67.83
11-Jun	77.95	359.25	369.25		Dom 50s	50	86.19	30.75%	15.38	26.50
12-Jun	77.95	357.19	367.19					100.00%	78.00
13-Jun	76.28	357.19	367.19						78.00	214.18
14-Jun	86.62	361.25	371.25
17-Jun	86.62	361.25	371.25		Item	% Lean	Price	Formula
18-Jun	77.68	363.47	373.47
19-Jun	89.22	366.58	376.58		Imp 90s	90			0.00	0.00
20-Jun	91.80	366.58	376.58		Imp 89s	89	193.35	35.00%	31.15	67.67
21-Jun	90.23	363.67	373.67		LFTB	92	332.35	15.00%	13.80	49.85
24-Jun	95.25	363.67	373.67		Dom 90s	90	352.35	20.13%	18.11	70.91
25-Jun	93.36	367.24	377.24		Dom 50s	50	86.19	29.88%	14.94	25.75
26-Jun	102.40	367.24	377.24					100.00%	78.00
27-Jun	103.16	370.94	380.94						78.00	214.18
28-Jun	106.51	379.30	389.30
Average	86.19	352.35	362.35

Adjustment per 1% point of lean - USc/lb				6.48		May Prices for June Claims
Weighted Average Prices USDA closing quotes, National
	50CL Fr.	90CL Fr.	Fresh 95s
1-May	76.29	253.47	263.47		Item	% Lean	Price	Formula
2-May	81.69	253.47	263.47
3-May	78.80	253.47	263.47		Imp 90s	90	200.00	35.00%	31.50	70.00
6-May	78.80	351.27	361.27		Imp 89s	89			0.00	0.00
7-May	78.80	338.57	348.57		LFTB	92	315.63	15.00%	13.80	47.34
8-May	74.53	348.75	358.75		Dom 90s	90	335.63	19.25%	17.33	64.61
9-May	80.18	348.01	358.01		Dom 50s	50	76.37	30.75%	15.38	23.48
10-May	76.54	345.89	355.89					100.00%	78.00
13-May	83.44	348.48	358.48						78.00	205.44
14-May	77.58	348.33	358.33
15-May	77.58	348.10	358.10		Item	% Lean	Price	Formula
16-May	83.38	351.74	361.74
17-May	73.51	347.43	357.43		Imp 90s	90			0.00	0.00
20-May	61.83	348.33	358.33		Imp 89s	89	193.52	35.00%	31.15	67.73
21-May	68.03	350.03	360.03		LFTB	92	315.63	15.00%	13.80	47.34
22-May	72.02	350.03	360.03		Dom 90s	90	335.63	20.13%	18.11	67.55
23-May	81.83	352.57	362.57		Dom 50s	50	76.37	29.88%	14.94	22.82
24-May	71.17	350.98	360.98					100.00%	78.00
27-May	Holiday	Holiday	Holiday						78.00	205.44
28-May	70.93	350.98	360.98
29-May	69.82	350.98	360.98
30-May	87.06	357.40	367.40
Average	76.37	335.63	345.63

Adjustment per 1% point of lean - USc/lb				6.21		April Prices for May Claims
Weighted Average Prices USDA closing quotes, National
	50CL Fr.	90CL Fr.	Fresh 95s
1-Apr	96.81	253.47	263.47		Item	% Lean	Price	Formula
2-Apr	95.16	253.47	263.47
3-Apr	97.13	342.89	352.89		Imp 90s	90	200.00	35.00%	31.50	70.00
4-Apr	104.46	343.17	353.17		Imp 89s	89			0.00	0.00
5-Apr	96.54	346.15	356.15		LFTB	92	318.15	15.00%	13.80	47.72
8-Apr	96.54	346.15	356.15		Dom 90s	90	338.15	19.25%	17.33	65.09
9-Apr	98.28	345.78	355.78		Dom 50s	50	89.92	30.75%	15.38	27.65
10-Apr	93.32	350.19	360.19					100.00%	78.00
11-Apr	92.37	346.12	356.12						78.00	210.47
12-Apr	91.46	348.45	358.45
15-Apr	91.46	348.45	358.45		Item	% Lean	Price	Formula
16-Apr	87.19	349.94	359.94
17-Apr	87.19	342.90	352.90		Imp 90s	90			0.00	0.00
18-Apr	87.19	343.10	353.10		Imp 89s	89	193.79	35.00%	31.15	67.83
19-Apr	88.47	349.31	359.31		LFTB	92	318.15	15.00%	13.80	47.72
22-Apr	88.47	349.31	359.31		Dom 90s	90	338.15	20.13%	18.11	68.05
23-Apr	86.38	345.56	355.56		Dom 50s	50	89.92	29.88%	14.94	26.86
24-Apr	84.54	347.25	357.25					100.00%	78.00
25-Apr	78.53	345.73	355.73						78.00	210.47
26-Apr	82.62	347.75	357.75
29-Apr	77.04	347.75	357.75
30-Apr	77.04	346.45	356.45
Average	89.92	338.15	348.15

Adjustment per 1% point of lean - USc/lb				5.46		March Prices for April Claims
Weighted Average Prices USDA closing quotes, National
	50CL Fr.	90CL Fr.	Fresh 95s
1-Mar	102.40	253.47	263.47		Item	% Lean	Price	Formula
4-Mar	97.72	253.47	263.47
5-Mar	103.92	313.73	323.73		Imp 90s	90	200.00	35.00%	31.50	70.00
6-Mar	104.37	317.53	327.53		Imp 89s	89			0.00	0.00
7-Mar	96.05	317.53	327.53		LFTB	92	301.72	15.00%	13.80	45.26
8-Mar	96.05	323.80	333.80		Dom 90s	90	321.72	19.25%	17.33	61.93
11-Mar	102.74	323.80	333.80		Dom 50s	50	103.33	30.75%	15.38	31.77
12-Mar	102.67	319.74	329.74					100.00%	78.00
13-Mar	103.05	321.69	331.69						78.00	208.96
14-Mar	108.44	324.01	334.01
15-Mar	108.44	330.79	340.79		Item	% Lean	Price	Formula
18-Mar	103.77	330.04	340.04
19-Mar	111.28	333.65	343.65		Imp 90s	90			0.00	0.00
20-Mar	104.47	338.11	348.11		Imp 89s	89	194.54	35.00%	31.15	68.09
21-Mar	107.50	338.11	348.11		LFTB	92	301.72	15.00%	13.80	45.26
22-Mar	101.65	331.39	341.39		Dom 90s	90	321.72	20.13%	18.11	64.75
25-Mar	104.97	336.65	346.65		Dom 50s	50	103.33	29.88%	14.94	30.87
26-Mar	103.47	336.65	346.65					100.00%	78.00
27-Mar	104.40	335.67	345.67						78.00	208.96
28-Mar	102.46	335.67	345.67
29-Mar	100.01	340.52	350.52
Average	103.33	321.72	331.72

Adjustment per 1% point of lean - USc/lb				5.12		February Prices for March Claims
Weighted Average Prices USDA closing quotes, National
	50CL Fr.	90CL Fr.	Fresh 95s
1-Feb	102.26	253.47	263.47		Item	% Lean	Price	Formula
2-Feb	100.89	253.47	263.47
5-Feb	100.89	291.53	301.53		Imp 90s	90	200.00	35.00%	31.50	70.00
6-Feb	102.06	299.82	309.82		Imp 89s	89			0.00	0.00
7-Feb	99.59	300.95	310.95		LFTB	92	280.23	15.00%	13.80	42.03
8-Feb	96.63	305.36	315.36		Dom 90s	90	300.23	19.25%	17.33	57.79
9-Feb	74.56	302.22	312.22		Dom 50s	50	95.56	30.75%	15.38	29.38
12-Feb	74.19	296.83	306.83					100.00%	78.00
13-Feb	91.08	296.83	306.83						78.00	199.21
14-Feb	91.69	301.73	311.73
15-Feb	93.75	303.56	313.56		Item	% Lean	Price	Formula
16-Feb	100.27	306.14	316.14
19-Feb	89.67	306.14	316.14		Imp 90s	90			0.00	0.00
20-Feb	93.71	306.76	316.76		Imp 89s	89	194.88	35.00%	31.15	68.21
21-Feb	90.99	309.48	319.48		LFTB	92	280.23	15.00%	13.80	42.03
22-Feb	99.10	308.67	318.67		Dom 90s	90	300.23	20.13%	18.11	60.42
23-Feb	99.38	313.82	323.82		Dom 50s	50	95.56	29.88%	14.94	28.55
26-Feb	97.45	308.53	318.53					100.00%	78.00
27-Feb	100.19	314.19	324.19						78.00	199.21
28-Feb	101.96	311.28	321.28
29-Feb	106.40	314.01	324.01
Average	95.56	300.23	310.23

Adjustment per 1% point of lean – Usc/lb				4.75		January Prices for February Claims
Weighted Average Prices USDA closing quotes, National
	50CL Fr.	90CL Fr.	Fresh 95s
1-Jan	Holiday	Holiday	Holiday		Item	% Lean	Price	Formula
2-Jan	48.13	253.47	263.47
3-Jan	59.19	253.47	263.47		Imp 90s	90	200.00	35.00%	31.50	70.00
4-Jan	59.06	253.45	263.45		Imp 89s	89			0.00	0.00
5-Jan	55.57	256.00	266.00		LFTB	92	250.08	15.00%	13.80	37.51
8-Jan	60.55	255.12	265.12		Dom 90s	90	270.08	19.25%	17.33	51.99
9-Jan	56.22	253.72	263.72		Dom 50s	50	80.02	30.75%	15.38	24.61
10-Jan	73.61	267.00	277.00					100.00%	78.00
11-Jan	78.74	264.39	274.39						78.00	184.11
12-Jan	69.31	264.37	274.37
15-Jan	86.94	258.69	268.69		Item	% Lean	Price	Formula
16-Jan	85.88	271.85	281.85
17-Jan	89.33	266.15	276.15		Imp 90s	90			0.00	0.00
18-Jan	90.40	266.15	276.15		Imp 89s	89	195.25	35.00%	31.15	68.34
19-Jan	90.72	271.52	281.52		LFTB	92	250.08	15.00%	13.80	37.51
22-Jan	90.72	271.52	281.52		Dom 90s	90	270.08	20.13%	18.11	54.35
23-Jan	90.23	282.74	292.74		Dom 50s	50	80.02	29.88%	14.94	23.91
24-Jan	86.86	289.09	299.09					100.00%	78.00
25-Jan	95.24	269.72	279.72						78.00	184.11
26-Jan	94.95	292.56	302.56
29-Jan	94.95	291.02	301.02
30-Jan	106.79	295.62	305.62
31-Jan	97.04	294.22	304.22
Average	80.02	270.08	280.08