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				2.52		February Prices for March Claims
Weighted Average Prices USDA closing quotes, National
	Fresh 50s	Fresh 90s	Fresh 95s
1-Feb	31.28	145.80	155.80		Item	% Lean	Price	Formula
2-Feb	32.09	144.19	154.19
5-Feb	33.58	144.77	154.77		Imp 90s	90	100.00	35.00%	31.50	35.00
6-Feb	34.60	140.93	150.93		Imp 89s	89			0.00	0.00
7-Feb	34.95	140.00	150.00		LFTB	92	124.21	15.00%	13.80	18.63
8-Feb	35.44	141.86	151.86		Dom 90s	90	144.21	19.25%	17.32	27.76
9-Feb	38.52	141.70	151.70		Dom 50s	50	43.22	30.75%	15.37	13.29
12-Feb	45.60	141.98	151.98					100.00%	78.00
13-Feb	51.07	145.06	155.06						78.00	94.68
14-Feb	53.78	144.06	154.06
15-Feb	54.15	144.18	154.18		Item	% Lean	Price	Formula
16-Feb	53.92	145.51	155.51
19-Feb	53.64	145.25	155.25		Imp 90s	90			0.00	0.00
20-Feb	51.73	146.62	156.62		Imp 89s	89	97.48	35.00%	31.15	34.12
21-Feb	50.15	147.00	157.00		LFTB	92	124.21	15.00%	13.80	18.63
22-Feb	43.91	146.53	156.53		Dom 90s	90	144.21	20.12%	18.11	29.02
23-Feb	43.85	146.52	156.52		Dom 50s	50	43.22	29.88%	14.94	12.91
26-Feb	41.42	146.71	156.71					100.00%	78.00
27-Feb	41.43	145.74	155.74						78.00	94.68
28-Feb	39.22	139.74	149.74
Average	43.22	144.21	154.21