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<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; June 20, 2006</p>



<p align=center style='text-align:center'><b><u>U.S. PREMIUM BEEF,
LLC<br>
</u></b>(Exact name of
Registrant as specified in its charter)</p>
<p align=center style='text-align:center'><u>Delaware<br>
</u>(State
  or other jurisdiction of incorporation)</p>
<p align=center style='text-align:center'>&nbsp;</p>
<div align="left">





<table class=MsoNormalTable border=0 cellpadding=0 style='width:100%;border-collapse:collapse'>
 <tr>
  <td width="44%" valign=top 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' align="center">
  333-115164</td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0pt; padding-bottom:0pt' align="center">

  </td>
  <td width="42%" valign=top 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'>20-1576986</p>
  </td>
 </tr>
 <tr>
  <td width="44%" valign=top style='border:medium none;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0pt; padding-bottom:0pt' align="center">
  <p style='margin:0pt;margin-bottom:.0001pt'>(Commission File Number)</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0pt; padding-bottom:0pt' align="center">

  </td>
  <td width="42%" valign=top style='border:medium none;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0pt; padding-bottom:0pt'>
  <p align="center">(I.R.S. Employer Identification No.)</p>
  </td>
 </tr>
 <tr>
  <td width="44%" valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0pt; padding-bottom:0pt' align="center">

  &nbsp;

  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0pt; padding-bottom:0pt; border-bottom-style:none; border-bottom-width:medium' align="center">

  &nbsp;&nbsp;&nbsp;

  </td>
  <td width="42%" valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0pt; padding-bottom:0pt'>

  </td>
 </tr>
 <tr>
  <td width="44%" valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0pt; padding-bottom:0pt' align="center">

  &nbsp;

  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0pt; padding-bottom:0pt; border-bottom-style:none; border-bottom-width:medium' align="center">

  &nbsp;</td>
  <td width="42%" valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0pt; padding-bottom:0pt'>

  &nbsp;</td>
 </tr>
 <tr>
  <td width="44%" valign=top style='border-bottom:1px solid #000000; padding-left:5.4pt; padding-right:5.4pt; padding-top:0pt; padding-bottom:0pt; border-right-style:none; border-right-width:medium' align="center">

  <p style='margin:0pt;margin-bottom:.0001pt'>12200 North Ambassador Drive<br>
	Kansas City, Missouri&nbsp;&nbsp;
  </p>

  </td>
  <td valign=top style='border-bottom:medium none #000000; padding-left:5.4pt; padding-right:5.4pt; padding-top:0pt; padding-bottom:0pt; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium' align="center">

  </td>
  <td width="42%" valign=bottom style='border-bottom:1px solid #000000; padding-left:5.4pt; padding-right:5.4pt; padding-top:0pt; padding-bottom:0pt; border-left-style:none; border-left-width:medium'>

  <p align=center>64163</p>

  </td>
 </tr>
 <tr>
  <td width="44%" valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0pt; padding-bottom:0pt' align="center">

  <p style='margin:0pt;margin-bottom:.0001pt'>(Address of principal executive
  offices)</p>

  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0pt; padding-bottom:0pt; border-top-style:none; border-top-width:medium' align="center">

  &nbsp;</td>
  <td width="42%" valign=top 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>
 </table>



</div>



  <p align=center style='text-align:center'><u>(816) 713-8800<br>
	</u>Registrant's
  telephone, number, including area code</p>



<p>&nbsp;</p>
<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="text-indent: 36pt; margin-left: 36pt">&#9633;&nbsp; Written communications pursuant to Rule
425 under the Securities Act (17 CFR 230.425)</p>

<p style='margin-left:36.0pt;text-indent:36.0pt'>&#9633;&nbsp;
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)</p>

<p style='margin-left:36.0pt;text-indent:36.0pt'>&#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:36.0pt;text-indent:36.0pt'>&#9633;&nbsp;
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))</p>











<p>&nbsp;</p><hr color="#000080"><p style="page-break-after: always"></p>
<p>&nbsp;</p>
<p>Items under Sections 2 through 9 are not applicable and therefore omitted.</p>



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

<p>&nbsp;&nbsp;&nbsp;&nbsp; On June 20, 2006, U.S. PREMIUM BEEF, LLC, a limited liability company
formed under the laws of the State of Delaware (successor, by merger, to U.S.
Premium Beef, Ltd.), and COBANK, ACB (&quot;CoBank&quot;), as agent for the benefit of
the Syndication Parties, entered into a &quot;Sixth Amendment to Credit Agreement&quot;
(the &quot;Amendment&quot;).&nbsp; The Amendment was executed on June 20, 2006 and was made
effective between the parties as of May 30, 2006. The Amendment amends certain
provisions of the Credit Agreement (Term Loan) entered into by CoBank and U.S.
Premium Beef, Ltd. on November 25, 1997, and amended from time to time (the
&quot;Credit Agreement&quot;).</p>

<p>&nbsp;&nbsp;&nbsp;&nbsp; The Amendment facilitates U.S. Premium Beef, LLC's acquisition of
additional membership units in National Beef Packing Company, LLC in connection
with the previously announced transaction involving Brawley Beef, LLC.&nbsp; U.S.
Premium Beef, LLC will contribute partnership units in National Beef California,
which were acquired from Brawley Beef, LLC, to National Beef Packing Company,
LLC in exchange for (i) 5,899,297 Class A units and (ii) 664,475 Class B-1
units, in each case reflecting membership interests in National Beef Packing
Company, LLC.&nbsp; The Amendment also modifies the term &quot;Collateral&quot; to not include
the partnership units in National Beef California and exempts U.S. Premium
Beef, LLC from being required to grant CoBank a security interest in the National
Beef California partnership units.&nbsp; The Amendment also permits U.S. Premium
Beef, LLC to have up to a one-hundred percent (100%) interest in National Beef
Packing Company, LLC and to acquire the National Beef partnership units and
additional units in National Beef Packing Company, LLC.</p>
<p>&nbsp;</p>







<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>



<div align="right">
	<table border="0" width="350" id="table1" cellspacing="0" cellpadding="0">
		<tr>
			<td><b>U.S. PREMIUM BEEF, LLC</b></td>
		</tr>
		<tr>
			<td>&nbsp; </td>
		</tr>
		<tr>
			<td>By&nbsp;
<u>/s/ Steven D. Hunt&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u>
			</td>
		</tr>
		<tr>
			<td>&nbsp;&nbsp;&nbsp;&nbsp; Steven
D. Hunt,</td>
		</tr>
		<tr>
			<td>&nbsp;&nbsp;&nbsp; Chief
Executive Officer</td>
		</tr>
	</table>
</div>







<p>Dated:&nbsp; June 20, 2006</p>



</body>

</html>
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{"company-data": {"conformed-name": "U. S. Premium Beef, LLC", "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": "06923478"}, "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 E-Services - www.edgar2.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):  June 20, 2006
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 9 are not applicable and therefore omitted.
Item 1.01 Entry into a Material Definitive Agreement.
On June 20, 2006, U.S. PREMIUM BEEF, LLC, a limited liability company
formed under the laws of the State of Delaware (successor, by merger, to U.S.
Premium Beef, Ltd.), and COBANK, ACB ("CoBank"), as agent for the benefit of
the Syndication Parties, entered into a "Sixth Amendment to Credit Agreement"
(the "Amendment").  The Amendment was executed on June 20, 2006 and was made
effective between the parties as of May 30, 2006. The Amendment amends certain
provisions of the Credit Agreement (Term Loan) entered into by CoBank and U.S.
Premium Beef, Ltd. on November 25, 1997, and amended from time to time (the
"Credit Agreement").
The Amendment facilitates U.S. Premium Beef, LLC's acquisition of
additional membership units in National Beef Packing Company, LLC in connection
with the previously announced transaction involving Brawley Beef, LLC.  U.S.
Premium Beef, LLC will contribute partnership units in National Beef California,
which were acquired from Brawley Beef, LLC, to National Beef Packing Company,
LLC in exchange for (i) 5,899,297 Class A units and (ii) 664,475 Class B-1
units, in each case reflecting membership interests in National Beef Packing
Company, LLC.  The Amendment also modifies the term "Collateral" to not include
the partnership units in National Beef California and exempts U.S. Premium
Beef, LLC from being required to grant CoBank a security interest in the National
Beef California partnership units.  The Amendment also permits U.S. Premium
Beef, LLC to have up to a one-hundred percent (100%) interest in National Beef
Packing Company, LLC and to acquire the National Beef partnership units and
additional units in National Beef Packing Company, LLC.
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:  June 20, 2006