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<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;text-align:center'>
<b>UNITED STATES</b></p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;text-align:center'>
<b>SECURITIES AND
EXCHANGE COMMISSION</b></p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;text-align:center'>Washington, D.C.
20549</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;text-align:center'>
<b>FORM 8-K</b></p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;text-align:center'>CURRENT REPORT</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;text-align:center'>PURSUANT TO SECTION
13 OR 15(d) OF</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;text-align:center'>THE SECURITIES
EXCHANGE ACT OF 1934</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;text-align:center'>Date of Report (date
of earliest event reported):&nbsp; March 11, 2019</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;text-align:center'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;text-align:center'>
<b><u>U.S. PREMIUM
BEEF, LLC</u></b></p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;text-align:center'>(Exact name of
Registrant as specified in its charter)</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;text-align:center'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;text-align:center'>
<font style="font-size: 12.0pt; text-decoration:underline">Delaware</font></p>
<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman",serif;margin:0in;margin-bottom:.0001pt;text-align:center'>(State
  or other jurisdiction of incorporation)</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;text-align:center'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;'>&nbsp;</p>
<div align="center">
	<table border="0" width="100%">
		<tr>
			<td style="border-bottom: 1px solid #000000">
			<p align="center" style="margin-top: 0; margin-bottom: 0">333-115164</td>
			<td style="border-bottom: medium none #000000">
			<p align="center" style="margin-top: 0; margin-bottom: 0">&nbsp;</td>
			<td style="border-bottom: 1px solid #000000">
			<p align="center" style="margin-top: 0; margin-bottom: 0">20-1576986</td>
		</tr>
		<tr>
			<td>
			<p align="center" style="margin-top: 0; margin-bottom: 0">(Commission File Number)</td>
			<td style="border-top-style: none; border-top-width: medium">
			<p align="center" style="margin-top: 0; margin-bottom: 0">&nbsp;</td>
			<td>
			<p align="center" style="margin-top: 0; margin-bottom: 0">(I.R.S. Employer Identification No.)</td>
		</tr>
		<tr>
			<td>
			<p align="center" style="margin-top: 0; margin-bottom: 0">&nbsp;</td>
			<td>
			<p align="center" style="margin-top: 0; margin-bottom: 0">&nbsp;</td>
			<td>
			<p align="center" style="margin-top: 0; margin-bottom: 0">&nbsp;</td>
		</tr>
		<tr>
			<td style="border-bottom: 1px solid #000000">
			<h1 style='margin-top:12.0pt;margin-bottom:3.0pt;font-size:12.0pt;font-family:"Times New Roman",serif;font-weight:normal;margin-bottom:0; margin-top:0' align="center">12200 North Ambassador Drive</h1>
			<h5 style='margin-bottom:0;page-break-after:avoid;font-size:11.0pt;font-family:"Times New Roman",serif;font-weight:normal;margin-top:0' align="center">Kansas City, Missouri
			</h5></td>
			<td style="border-bottom: medium none #000000">
			<p align="center" style="margin-top: 0; margin-bottom: 0">&nbsp;</td>
			<td style="border-bottom: 1px solid #000000">
			<p align="center" style="margin-top: 0; margin-bottom: 0">64163</td>
		</tr>
		<tr>
			<td>
			<p align="center" style="margin-top: 0; margin-bottom: 0">(Address of principal executive
  offices)</td>
			<td style="border-top-style: none; border-top-width: medium">
			<p align="center" style="margin-top: 0; margin-bottom: 0">&nbsp;</td>
			<td>
			<p align="center" style="margin-top: 0; margin-bottom: 0">(Zip Code)</td>
		</tr>
	</table></div>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;' align="center">
<u>(816) 713-8800</u></p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;' align="center">Registrant's
  telephone, number, including area code</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions (<i>see</i> General
Instruction A.2. below):</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;'>&nbsp;</p>
<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman",serif;'>&#9633;&nbsp; Written communications pursuant to Rule
425 under the Securities Act (17 CFR 230.425)</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;margin-left:.5in;text-indent:.5in'>&#9633;&nbsp;
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;margin-left:.5in;text-indent:.5in'>&#9633;&nbsp;
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240-14d-2(b))</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;margin-left:.5in;text-indent:.5in'>&#9633;&nbsp;
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;margin-left:.5in;text-indent:.5in'>&nbsp;</p>
<hr>
<p style="page-break-after:always"></p>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman",serif;'>Items under Sections 2 through 6 and 8
are not applicable and are therefore omitted.</p>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman",serif;'>&nbsp;</p>
<p style='mso-style-name:"bspmBL\,bl";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman",serif;margin-left:1.0in;text-indent:-1.0in'>
<b>Item
1.01</b></p>
<p style='mso-style-name:"bspmBL\,bl";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman",serif;margin-left:1.0in;text-indent:-1.0in'>
<b>Entry
into a Material Definitive Agreement </b></p>
<p style='margin-bottom:.0001pt;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman",serif;margin-bottom:12.0pt;text-align:justify;margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On March 11, 2019, U.S.
Premium Beef, LLC (&quot;USPB&quot;) entered into a Membership Interest Purchase
Agreement (the &quot;MIPA&quot;) between and
among USPB, Iowa Premium, LLC (&quot;Iowa Premium&quot;), additional buyers identified
therein, and Sysco Holdings, LLC (&quot;Sysco&quot;). Upon closing of the transaction
contemplated by the MIPA, National Beef Packing Company, LLC (&quot;NBP&quot;), USPB, and
the other members of NBP will enter into a Contribution Agreement (the
&quot;Contribution Agreement&quot;).&nbsp; The MIPA and the Contribution Agreement pertain to
a series of separate transactions involving NBP (of which USPB is a minority
owner) and Iowa Premium. The MIPA and the Contribution Agreement are described
below.&nbsp; &nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman",serif;margin-bottom:12.0pt' align="justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<u>MIPA</u>.&nbsp;&nbsp;&nbsp;&nbsp;
</p>
<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman",serif;margin-top:.05pt;margin-right:4.3pt;margin-bottom:
12.0pt;margin-left:5.45pt' align="justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The MIPA provides
for USPB and each<a name="_DV_C12"> of</a> the other
members of NBP (or their affiliates) to purchase, in the aggregate, 100% of the
ownership interests in Iowa Premium.&nbsp; USPB's
proportionate share of the purchase price is $22,609,350, subject to potential working capital adjustments and the
establishment of certain escrows.&nbsp;&nbsp; USPB's payment of its portion of the
purchase price is to be funded by a distribution by NBP to USPB in an amount
equal to USPB's proportionate share of the purchase price.&nbsp;
The MIPA contains customary conditions, representations, warranties and
covenants of Iowa Premium (as the company to be sold) and Sysco and the buyers,
including the expiration or termination of the waiting period under the
Hart-Scott-Rodino&nbsp; Antitrust &nbsp;Improvements
Act.&nbsp; NBP served as representative for the buyers, including
USPB and the other members of&nbsp; NBP, in connection with the MIPA and the
transaction contemplated by the MIPA.&nbsp; The transaction
is expected to close in the second quarter of 2019, immediately
prior to completion of the transactions contemplated
by the Contribution Agreement.&nbsp;&nbsp; </p>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman",serif;margin-bottom:12.0pt' align="justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<u>Contribution
Agreement</u>.&nbsp;&nbsp;&nbsp;&nbsp; </p>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman",serif;margin-bottom:12.0pt;text-indent:.5in' align="justify">The Contribution Agreement provides for (i) USPB to transfer
to NBP all of USPB's ownership interest in Iowa Premium, with such transfer to be in the form of a capital contribution
from USPB to NBP (the &quot;Transfer&quot;) and (ii) NBP to assume USPB's obligations
under the MIPA and to indemnify USPB for any claims against USPB that may arise
out of the MIPA.&nbsp; The Transfer will take place subsequent to, but on the same
day as, the closing of the purchase of Iowa Premium ownership by NBP's members
pursuant to the MIPA.&nbsp; Following the Transfer, NBP's members will no longer be
members of Iowa Premium, and NBP will be the sole member and 100% owner of Iowa
Premium and will be responsible for its members' obligations under the MIPA.&nbsp; NBP has also
agreed to indemnify its members, including USPB, from liabilities arising from
the purchase of the Iowa Premium ownership interests and the transfer of those
interests to NBP.&nbsp; </p>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman",serif;margin-bottom:12.0pt;text-indent:.5in'>&nbsp;</p>
<hr>
<p style="page-break-after:always"></p>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman",serif;margin-bottom:12.0pt'>
<b>Item 7.01 </b></p>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman",serif;margin-bottom:12.0pt'>
<b>Regulation FD Disclosure.</b></p>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman",serif;margin-bottom:12.0pt'>On March 11, 2019, U.S. Premium
Beef, LLC (the &quot;Company&quot;) issued a letter to its members announcing the
acquisition of Iowa Premium.&nbsp; A copy of the letter is attached as Exhibit 99.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</p>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman",serif;margin-bottom:12.0pt'>
<b>Item 9.01. </b></p>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman",serif;margin-bottom:12.0pt'>
<b>Financial Statements And
Exhibits.</b></p>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman",serif;margin-bottom:12.0pt'>(c) Exhibits</p>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman",serif;margin-bottom:12.0pt'>The following is filed as an
Exhibit to this Report:</p>
<table border="0" width="100%">
	<tr>
		<td>
		<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman",serif;margin-bottom:12.0pt'>
		<u>Exhibit No.</u>&nbsp;&nbsp;</p></td>
		<td><u>Description
of Exhibit</u></td>
	</tr>
	<tr>
		<td>
		<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman",serif;margin-bottom:12.0pt'>99.1
		</p></td>
		<td>Unitholder
letter dated March 11, 2019</td>
	</tr>
</table>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman",serif;margin-bottom:12.0pt'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman",serif;margin-bottom:12.0pt'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman",serif;margin-bottom:12.0pt'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman",serif;margin-bottom:12.0pt'>&nbsp;</p>
<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman",serif;margin-top:0;margin-right:0in;margin-bottom:
0;text-align:center;'><b>SIGNATURE</b></p>
<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman",serif;margin-top:0;margin-right:0in;margin-bottom:
0;text-align:center;'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman",serif;'>&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.</p>

<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman",serif;'>&nbsp;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman",serif;margin-top:0;margin-right:0in;margin-bottom:
0;text-align:center;'>&nbsp;</p>
<div align="right">
	<table border="0" width="50%">
		<tr>
			<td>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;margin-right:0in; margin-top:0in'>
<b>U.S. PREMIUM BEEF, LLC</b></p>
			</td>
		</tr>
		<tr>
			<td>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif; margin-right:0in; margin-top:0in'>&nbsp;</p>
			</td>
		</tr>
		<tr>
			<td>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif; margin-right:0in; margin-top:0in'>By:&nbsp;
<u>/s/ Stanley D. Linville</u>_______</p>
			</td>
		</tr>
		<tr>
			<td>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif; margin-right:0in; margin-top:0in'>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stanley
D. Linville,</p>
			</td>
		</tr>
		<tr>
			<td>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif; margin-right:0in; margin-top:0in'>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief
Executive Officer</p>
			</td>
		</tr>
	</table>
</div>
<p style="font-size: 12.0pt; font-family: 'Times New Roman',serif; margin-right: 0in; margin-top: 0in; margin-bottom: .0001pt">&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman",serif;'>
Dated:&nbsp; March 11, 2019</p>

</body>

</html>
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{"company-data": {"conformed-name": "U. S. Premium Beef, LLC", "cik": "0001289237", "assigned-sic": "0200", "irs-number": "201576986", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-115164", "film-number": "19672765"}, "business-address": {"street1": "12200 NORTH AMBASSADOR DRIVE, SUITE 501", "city": "KANSAS CITY", "state": "MO", "zip": "64163", "phone": "816-713-8800"}, "mail-address": {"street1": "12200 NORTH AMBASSADOR DRIVE, SUITE 501", "city": "KANSAS CITY", "state": "MO", "zip": "64163"}, "former-company": {"former-conformed-name": "U. S. Premium Beef, Inc.", "date-changed": "20040504"}}
Prepared by EDGARX.com
UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C.
20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION
13 OR 15(d) OF
THE SECURITIES
EXCHANGE ACT OF 1934
Date of Report (date
of earliest event reported):  March 11, 2019
U.S. PREMIUM
BEEF, LLC
(Exact name of
Registrant as specified in its charter)
Delaware
(State
  or other jurisdiction of incorporation)
333-115164
20-1576986
(Commission File Number)
(I.R.S. Employer Identification No.)
12200 North Ambassador Drive
Kansas City, Missouri
64163
(Address of principal executive
  offices)
(Zip Code)
(816) 713-8800
Registrant's
  telephone, number, including area code
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions (
see
General
Instruction A.2. below):
□  Written communications pursuant to Rule
425 under the Securities Act (17 CFR 230.425)
□ 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
□ 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240-14d-2(b))
□ 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Items under Sections 2 through 6 and 8
are not applicable and are therefore omitted.
Item
1.01
Entry
into a Material Definitive Agreement
On March 11, 2019, U.S.
Premium Beef, LLC ("USPB") entered into a Membership Interest Purchase
Agreement (the "MIPA") between and
among USPB, Iowa Premium, LLC ("Iowa Premium"), additional buyers identified
therein, and Sysco Holdings, LLC ("Sysco"). Upon closing of the transaction
contemplated by the MIPA, National Beef Packing Company, LLC ("NBP"), USPB, and
the other members of NBP will enter into a Contribution Agreement (the
"Contribution Agreement").  The MIPA and the Contribution Agreement pertain to
a series of separate transactions involving NBP (of which USPB is a minority
owner) and Iowa Premium. The MIPA and the Contribution Agreement are described
below.
MIPA
.
The MIPA provides
for USPB and each
of
the other
members of NBP (or their affiliates) to purchase, in the aggregate, 100% of the
ownership interests in Iowa Premium.  USPB's
proportionate share of the purchase price is $22,609,350, subject to potential working capital adjustments and the
establishment of certain escrows.   USPB's payment of its portion of the
purchase price is to be funded by a distribution by NBP to USPB in an amount
equal to USPB's proportionate share of the purchase price. 
The MIPA contains customary conditions, representations, warranties and
covenants of Iowa Premium (as the company to be sold) and Sysco and the buyers,
including the expiration or termination of the waiting period under the
Hart-Scott-Rodino  Antitrust  Improvements
Act.  NBP served as representative for the buyers, including
USPB and the other members of  NBP, in connection with the MIPA and the
transaction contemplated by the MIPA.  The transaction
is expected to close in the second quarter of 2019, immediately
prior to completion of the transactions contemplated
by the Contribution Agreement.
Contribution
Agreement
.
The Contribution Agreement provides for (i) USPB to transfer
to NBP all of USPB's ownership interest in Iowa Premium, with such transfer to be in the form of a capital contribution
from USPB to NBP (the "Transfer") and (ii) NBP to assume USPB's obligations
under the MIPA and to indemnify USPB for any claims against USPB that may arise
out of the MIPA.  The Transfer will take place subsequent to, but on the same
day as, the closing of the purchase of Iowa Premium ownership by NBP's members
pursuant to the MIPA.  Following the Transfer, NBP's members will no longer be
members of Iowa Premium, and NBP will be the sole member and 100% owner of Iowa
Premium and will be responsible for its members' obligations under the MIPA.  NBP has also
agreed to indemnify its members, including USPB, from liabilities arising from
the purchase of the Iowa Premium ownership interests and the transfer of those
interests to NBP.
Item 7.01
Regulation FD Disclosure.
On March 11, 2019, U.S. Premium
Beef, LLC (the "Company") issued a letter to its members announcing the
acquisition of Iowa Premium.  A copy of the letter is attached as Exhibit 99.1.
Item 9.01.
Financial Statements And
Exhibits.
(c) Exhibits
The following is filed as an
Exhibit to this Report:
Exhibit No.
Description
of Exhibit
99.1
Unitholder
letter dated March 11, 2019
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
U.S. PREMIUM BEEF, LLC
By:
/s/ Stanley D. Linville
_______
Stanley
D. Linville,
Chief
Executive Officer
Dated:  March 11, 2019