Boxed beef proposed methodology change notice

Expana regularly solicits feedback from stakeholders to ensure that our coverage reflects current trading conditions and
practices. To improve market transparency and to provide stakeholders with meaningful information, Expana is requesting
feedback on the following proposed changes to its U.S. Boxed Beef Report market coverage.

Expana is proposing the following changes:

• From: Trade reporting window 0-10 days
• To: Trade reporting window 0-21 days

Stakeholders can provide input on the proposed changes during a comment period, which will take place from
December 10, 2024, to December 23, 2024. Remarks will be published on Expana’s market reporting methodology page
at www.expanamarkets.com/our-methodology will be amended to reflect these changes.

For more information or to submit a comment, please email Todd Unger at [email protected] or Bill Smith at
[email protected]