<html>

<head>


<title>US Premium Beef 8-K</title>



</head>

<body lang=EN-US>



<p align=center style='text-align:center'><b>&nbsp;</b></p>

<p align=center style='text-align:center'><b>&nbsp;</b></p>









<p align=center style='text-align:center'><b>UNITED STATES<br>
SECURITIES AND
EXCHANGE COMMISSION<br>
</b>Washington, D.C. 20549</p>



<p align=center style='text-align:center'><b>FORM
8-K</b></p>



<p align=center style='text-align:center'>CURRENT REPORT<br>
PURSUANT TO SECTION
13 OR 15(d) OF<br>
THE SECURITIES
EXCHANGE ACT OF 1934</p>



<p align=center style='text-align:center'>Date of Report (date
of earliest event reported):&nbsp; October 20, 2005</p>



<p align=center style='text-align:center'><b><u>U.S.</u></b><b><u> PREMIUM BEEF, LLC<br>
</u></b>(Exact name of
Registrant as specified in its charter)</p>
<div align="center">



<table class=MsoNormalTable border=0 cellpadding=0 width=649
 style='width:700px;border-collapse:collapse'>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0pt; padding-bottom:0pt'>
  <p align="center">Delaware</td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0pt; padding-bottom:0pt'>
  <p align=center style='margin-bottom:.0001pt;margin-left:0pt; margin-right:0pt; margin-top:0pt'>(State
  or other jurisdiction of incorporation)</p>
  </td>
 </tr>
 <tr style='height:4.0pt'>
  <td width=229 valign=top style='width:171.9pt;padding:0pt 5.4pt 0pt 5.4pt;
  height:4.0pt'>

  </td>
 </tr>
</table>





</div>
<div align="center">





<table class=MsoNormalTable border=0 cellpadding=0 width=588
 style='width:700px;margin-left:23.4pt;border-collapse:collapse'>
 <tr>
  <td width=210 colspan=2 valign=bottom style='width:157.5pt;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0pt 5.4pt 0pt 5.4pt'>
  <p align="center">333-115164</td>
  <td width=120 colspan=3 valign=bottom style='width:90.0pt;padding:0pt 5.4pt 0pt 5.4pt'>

  </td>
  <td width=252 colspan=3 valign=bottom style='width:189.2pt;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0pt 5.4pt 0pt 5.4pt'>
  <p align=center style='text-align:center'>20-1576986</p>
  </td>
  <td style='border:none;padding:0pt 0pt 0pt 0pt' width=6><p>&nbsp;</td>
 </tr>
 <tr>
  <td width=210 colspan=2 valign=bottom style='width:157.5pt;border:none;
  padding:0pt 5.4pt 0pt 5.4pt'>
  <p style='margin:0pt;margin-bottom:.0001pt'>(Commission File Number)</p>
  </td>
  <td width=120 colspan=3 valign=bottom style='width:90.0pt;padding:0pt 5.4pt 0pt 5.4pt'>

  </td>
  <td width=252 colspan=3 valign=bottom style='width:189.2pt;border:none;
  padding:0pt 5.4pt 0pt 5.4pt'>
  <p>(I.R.S. Employer Identification No.)</p>
  </td>
  <td style='border:none;padding:0pt 0pt 0pt 0pt' width=6><p>&nbsp;</td>
 </tr>
 <tr>
  <td width=210 colspan=2 valign=bottom style='width:157.5pt;padding:0pt 5.4pt 0pt 5.4pt'>

  </td>
  <td width=120 colspan=3 valign=bottom style='width:90.0pt;padding:0pt 5.4pt 0pt 5.4pt'>

  </td>
  <td width=252 colspan=3 valign=bottom style='width:189.2pt;padding:0pt 5.4pt 0pt 5.4pt'>

  </td>
  <td style='border:none;padding:0pt 0pt 0pt 0pt' width=6><p>&nbsp;</td>
 </tr>
 <tr>
  <td width=210 colspan=2 valign=bottom style='width:157.5pt;padding:0pt 5.4pt 0pt 5.4pt'>

  </td>
  <td width=120 colspan=3 valign=bottom style='width:90.0pt;padding:0pt 5.4pt 0pt 5.4pt'>

  </td>
  <td width=252 colspan=3 valign=bottom style='width:189.2pt;padding:0pt 5.4pt 0pt 5.4pt'>

  </td>
  <td style='border:none;padding:0pt 0pt 0pt 0pt' width=6><p>&nbsp;</td>
 </tr>
 <tr style='page-break-inside:avoid;height:13.0pt'>
  <td width=270 colspan=4 valign=bottom style='width:202.5pt;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0pt 5.4pt 0pt 5.4pt;height:13.0pt'>
  <p style='margin:0pt;margin-bottom:.0001pt' align="center">12200 North Ambassador Drive<br>
	Kansas City, Missouri&nbsp;&nbsp;
  </td>
  <td width=60 valign=bottom style='width:45.0pt;padding:0pt 5.4pt 0pt 5.4pt;
  height:13.0pt'>
  <p align=center style='text-align:center'>&nbsp;</p>
  </td>
  <td width=252 colspan=3 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0pt; padding-bottom:0pt'>

  <p align=center style='text-align:center;'>64163</p>
  </td>
  <td style='border:none;padding:0pt 0pt 0pt 0pt'><p>&nbsp;</td>
 </tr>
 <tr style='page-break-inside:avoid;height:13.0pt'>
  <td width=270 colspan=4 valign=bottom style='width:202.5pt;padding:0pt 5.4pt 0pt 5.4pt;
  height:13.0pt'>
  <p style='margin:0pt;margin-bottom:.0001pt' align="center">(Address of principal executive
  offices)</p>
  </td>
  <td width=60 valign=bottom style='width:45.0pt;padding:0pt 5.4pt 0pt 5.4pt;
  height:13.0pt'>

  </td>
  <td width=258 colspan=4 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0pt; padding-bottom:0pt'>
  <p style='margin-bottom:0pt;margin-bottom:.0001pt' align="center">(Zip Code)</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:13.0pt'>
  <td width=69 valign=bottom style='width:51.75pt;padding:0pt 5.4pt 0pt 5.4pt;
  height:13.0pt'>

  </td>
  <td width=462 colspan=6 valign=bottom style='width:346.45pt;padding:0pt 5.4pt 0pt 5.4pt;
  height:13.0pt'>

  </td>
  <td style='border:none;padding:0pt 0pt 0pt 0pt' width=57 colspan=2 valign="bottom">
	<p>&nbsp;</td>
 </tr>
 <tr style='page-break-inside:avoid;height:18.0pt'>
  <td width=69 valign=bottom style='width:51.75pt;padding:0pt 5.4pt 0pt 5.4pt;
  height:18.0pt'>


  </td>
  <td width=154 colspan=2 valign=bottom style='width:115.45pt;padding:0pt 5.4pt 0pt 5.4pt;
  height:18.0pt'>

  </td>
  <td width=154 colspan=3 valign=bottom style='width:115.5pt;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0pt 5.4pt 0pt 5.4pt;height:18.0pt'>

  <p align=center style='text-align:center'>(816) 713-8800</p>
  </td>
  <td width=154 valign=bottom style='width:115.5pt;padding:0pt 5.4pt 0pt 5.4pt;
  height:18.0pt'>
  <p align=center style='text-align:center'>&nbsp;</p>
  </td>
  <td style='border:none;padding:0pt 0pt 0pt 0pt' width=57 colspan=2 valign="bottom">
	<p>&nbsp;</td>
 </tr>
 <tr style='page-break-inside:avoid;height:8.1pt'>
  <td width=69 valign=bottom style='width:51.75pt;padding:0pt 5.4pt 0pt 5.4pt;
  height:8.1pt'>

  </td>
  <td width=462 colspan=6 valign=bottom style='width:346.45pt;padding:0pt 5.4pt 0pt 5.4pt;
  height:8.1pt'>
  <p style='margin-bottom:0pt;margin-bottom:.0001pt' align="center">Registrant's
  telephone, number, including area code</p>
  </td>
  <td style='border:none;padding:0pt 0pt 0pt 0pt' width=57 colspan=2 valign="bottom">
	<p>&nbsp;</td>
 </tr>
 <tr style='page-break-inside:avoid;height:13.0pt'>
  <td width=69 valign=bottom style='width:51.75pt;padding:0pt 5.4pt 0pt 5.4pt;
  height:13.0pt'>

  </td>
  <td width=462 colspan=6 valign=bottom style='width:346.45pt;padding:0pt 5.4pt 0pt 5.4pt;
  height:13.0pt'>

  </td>
  <td style='border:none;padding:0pt 0pt 0pt 0pt' width=57 colspan=2 valign="bottom">
	<p>&nbsp;</td>
 </tr>
 <tr height=0>
  <td width=69 style='border:none' valign="bottom"></td>
  <td width=141 style='border:none' valign="bottom"></td>
  <td width=13 style='border:none' valign="bottom"></td>
  <td width=47 style='border:none' valign="bottom"></td>
  <td width=60 style='border:none' valign="bottom"></td>
  <td width=47 style='border:none' valign="bottom"></td>
  <td width=154 style='border:none' valign="bottom"></td>
  <td width=51 style='border:none' valign="bottom"></td>
  <td width=6 style='border:none'></td>
 </tr>
</table>



</div>



<p>&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-left: 0.5in; margin-top: 0; margin-bottom: 0.001pt">&#9633;&nbsp; Written communications pursuant to Rule
425 under the Securities Act (17 CFR 230.425)</p>

<p style='margin-left:0.5in;margin-top:0; margin-bottom:0.001pt'>&#9633;&nbsp;
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)</p>

<p style='margin-left:0.5in;margin-top:0; margin-bottom:0.001pt'>&#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-left:0.5in;margin-top:0; margin-bottom:0.001pt'>&#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-left:0.5in;margin-top:0; margin-bottom:0.001pt'>&nbsp;</p>
<p style='margin-left:0.5in;margin-top:0; margin-bottom:0.001pt'>&nbsp;</p>
<p style='margin-left:0.5in;margin-top:0; margin-bottom:0.001pt'>&nbsp;</p>
<p style='margin-left:0.5in;margin-top:0; margin-bottom:0.001pt'>&nbsp;</p>















<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>



<br clear=all
style='page-break-before:always'>










<p>Items under Sections 2 through 8 are not applicable and are
therefore omitted.</p>





<p><b>Item 1.01.&nbsp; Entry into a Material Definitive Agreement.</b></p>

<p style='text-autospace:none'><i>Amended Senior Credit
Facility</i></p>



<p style='text-indent:36.0pt;text-autospace:none'>Effective
October 14, 2005, U.S. Premium Beef, LLC's majority owned subsidiary, National
Beef Packing Company, LLC (the &quot;Company&quot; or &quot;NBP&quot;) entered into a second
amendment (the &quot;Second Amendment&quot;) to the Fourth Amended and Restated Credit
Agreement dated as of December 29, 2004, as amended by the First Amendment to
the Fourth Amended and Restated Credit Agreement dated as of July 7, 2005 (the
&quot;Credit Agreement&quot;).&nbsp; U.S. Agbank, FCB, serves as Co-Syndication Agent,
Co&#246;peratieve Centrale Reiffeisen-Boerenleenbank B.A., &quot;Rabobank International&quot;,
New York Branch, serves as Documentation Agent, and CoBank, ACB, serves as Lead
Arranger, Co-Syndication Agent, Swing Line Lender and Administrative Agent. </p>



<p style='text-indent:36.0pt;text-autospace:none'>The Credit
Agreement was amended to reflect changes in the financial covenant calculation
related to net capital expenditures, as described below.&nbsp; There is no change to
the remaining financial covenants in the Credit Agreement.&nbsp; The Second
Amendment is set forth in Exhibit 99.1 attached hereto and incorporated herein
by reference.</p>



<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0
 style='border-collapse:collapse;border:none'>
 <tr>
  <td valign=top style='width:344px;border:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0pt; padding-bottom:0pt'>
  <p align=center style='text-align:center'>Period</p>
  </td>
  <td valign=top style='border-right:1.0pt solid windowtext; border-top:1.0pt solid windowtext; border-bottom:1.0pt solid windowtext; width:294px;border-left:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0pt; padding-bottom:0pt'>
  <p align=center style='text-align:center'>Net Capital
  Expenditure Limit</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='border-left:1.0pt solid windowtext; border-right:1.0pt solid windowtext; border-bottom:1.0pt solid windowtext; width:344px;border-top:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0pt; padding-bottom:0pt'>
  <p align=center style='text-align:center'>Fiscal Years
  2005-2006 (combined)</p>
  </td>
  <td valign=top style='width:294px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0pt; padding-bottom:0pt'>
  <p align=center style='text-align:center'>$64,000,000</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='border-left:1.0pt solid windowtext; border-right:1.0pt solid windowtext; border-bottom:1.0pt solid windowtext; width:344px;border-top:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0pt; padding-bottom:0pt'>
  <p align=center style='text-align:center'>Fiscal Year 2007</p>
  </td>
  <td valign=top style='width:294px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0pt; padding-bottom:0pt'>
  <p align=center style='text-align:center'>$35,000,000</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='border-left:1.0pt solid windowtext; border-right:1.0pt solid windowtext; border-bottom:1.0pt solid windowtext; width:344px;border-top:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0pt; padding-bottom:0pt'>
  <p align=center style='text-align:center'>Fiscal Year 2008
  and Each Fiscal Year Thereafter</p>
  </td>
  <td valign=top style='width:294px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0pt; padding-bottom:0pt'>

  <p align=center style='text-align:center'>$40,000,000</p>
  </td>
 </tr>
</table>



<p><b>Item 9.01.&nbsp; Financial Statements and Exhibits.</b></p>



<p style='margin-left:55.5pt;text-indent:-19.5pt'>(c)&nbsp;&nbsp;&nbsp;&nbsp; Exhibits.&nbsp;
The following exhibits are hereby furnished:</p>



<p style='margin-left:63.0pt;text-indent:-27.0pt'>99.1&nbsp;&nbsp;Second Amendment
dated as of October 14, 2005 to Fourth Amended and Restated Credit Agreement
dated as of December 29, 2004 by and between National Beef Packing Company, LLC
and certain agents, lenders and issuers.</p>
<p style='margin-left:63.0pt;text-indent:-27.0pt'>&nbsp;</p>
<p style='margin-left:63.0pt;text-indent:-27.0pt'>&nbsp;</p>
<p style='margin-left:63.0pt;text-indent:-27.0pt'>&nbsp;</p>
<p style='margin-left:63.0pt;text-indent:-27.0pt'>&nbsp;</p>





























<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>



<br clear=all
style='page-break-before:always'>










<p align=center style='margin:0pt;margin-bottom:.0001pt;text-align:center'><b>SIGNATURE</b></p>



<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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-left:234.0pt'><b>U.S.</b><b> PREMIUM BEEF, LLC</b></p>



<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By&nbsp;
<u>/s/ Steven D. Hunt<br>
</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Steven
D. Hunt,<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief
Executive Officer</p>
<p>&nbsp;</p>







<p>Dated:&nbsp; October 20, 2005</p>

<p align=center style='text-align:center'>&nbsp;</p>

<p align=center style='text-align:center'>&nbsp;</p>

<p align=center style='text-align:center'>&nbsp;</p>









<p align=center style='text-align:center'>&nbsp;</p>

<p align=center style='text-align:center'>&nbsp;</p>

<p align=center style='text-align:center'>&nbsp;</p>

<p align=center style='text-align:center'>&nbsp;</p>

<p align=center style='text-align:center'>&nbsp;</p>

<p align=center style='text-align:center'>&nbsp;</p>







































<p align=center style='text-align:center'>&nbsp;</p>









<p>&nbsp;</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>



<br clear=all
style='page-break-before:always'>










<p align="center"><b>EXHIBIT 99.1 TO FORM 8-K</b></p>



<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>

<p align=center style='text-align:center;page-break-after:auto'>

</p>







</body>

</html>
[{"type": "8-K", "sequence": "1", "filename": "uspb8k1.htm", "secsgml_size_bytes": 17379}]
{"company-data": {"conformed-name": "U. S. Premium Beef, Inc.", "cik": "0001289237", "assigned-sic": "0200", "irs-number": "201057414", "state-of-incorporation": "DE", "fiscal-year-end": "0831"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-115164", "film-number": "051146828"}, "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"}}
US Premium Beef 8-K
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):  October 20, 2005
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 8 are not applicable and are
therefore omitted.
Item 1.01.  Entry into a Material Definitive Agreement.
Amended Senior Credit
Facility
Effective
October 14, 2005, U.S. Premium Beef, LLC's majority owned subsidiary, National
Beef Packing Company, LLC (the "Company" or "NBP") entered into a second
amendment (the "Second Amendment") to the Fourth Amended and Restated Credit
Agreement dated as of December 29, 2004, as amended by the First Amendment to
the Fourth Amended and Restated Credit Agreement dated as of July 7, 2005 (the
"Credit Agreement").  U.S. Agbank, FCB, serves as Co-Syndication Agent,
Coöperatieve Centrale Reiffeisen-Boerenleenbank B.A., "Rabobank International",
New York Branch, serves as Documentation Agent, and CoBank, ACB, serves as Lead
Arranger, Co-Syndication Agent, Swing Line Lender and Administrative Agent.
The Credit
Agreement was amended to reflect changes in the financial covenant calculation
related to net capital expenditures, as described below.  There is no change to
the remaining financial covenants in the Credit Agreement.  The Second
Amendment is set forth in Exhibit 99.1 attached hereto and incorporated herein
by reference.
Period
Net Capital
  Expenditure Limit
Fiscal Years
  2005-2006 (combined)
$64,000,000
Fiscal Year 2007
$35,000,000
Fiscal Year 2008
  and Each Fiscal Year Thereafter
$40,000,000
Item 9.01.  Financial Statements and Exhibits.
(c)     Exhibits. 
The following exhibits are hereby furnished:
99.1  Second Amendment
dated as of October 14, 2005 to Fourth Amended and Restated Credit Agreement
dated as of December 29, 2004 by and between National Beef Packing Company, LLC
and certain agents, lenders and issuers.
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/ Steven D. Hunt
Steven
D. Hunt,
Chief
Executive Officer
Dated:  October 20, 2005
EXHIBIT 99.1 TO FORM 8-K