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):  February 26, 2009

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 1 through 6, and 8 are not applicable and therefore omitted.

ITEM 7.01 Regulation FD Disclosure.

            On February 26, 2009, NBP, USPB's majority owned subsidiary, issued a press release regarding its proposed acquisition of the assets of Prime Tanning Corp. in Saint Joseph, Missouri.  A copy of the press release 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	Press Release dated February 26, 2009

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:  February 27, 2009

EX-99.1

	Keith Welty
	816-713-8631
	KAWelty@nationalbeef.com

FOR IMMEDIATE RELEASE

NATIONAL BEEF TO ACQUIRE ASSETS OF PRIME TANNING CORP.

Acquisition Will Expand Value Based Marketing Strategy

KANSAS CITY, Missouri—(February 26, 2009)—National Beef Packing Company, LLC (National Beef) today announced that its wholly-owned subsidiary National Beef Leathers, LLC has entered into an Asset Purchase Agreement whereby it would acquire certain assets and assume certain liabilities of Prime Tanning Corp. located in St. Joseph, Missouri, thereby expanding National Beef’s value based marketing strategy into the quality wet blue hide category. The transaction is subject to certain closing conditions including the satisfactory completion of due diligence. The acquisition price was not disclosed.

This purchase enables National Beef to expand into wet blue tanning, a process that involves specialized technology and expertise that produces the raw material used by finished leather manufacturers. The St. Joseph facility will process hides from National Beef’s beef processing facilities, thus delivering quality control through the entire process including wet blue processing, sales and marketing.

“The Prime facility is ISO 9001/14001/18001 certified and has achieved a Silver rating for environmental excellence from the BLC Leather Technology Centre,” said Robert Hein, Senior Vice President and General Manager of National Beef Leather, LLC. “This is an exciting opportunity for us to pursue quality leather customers while guaranteeing a premium wet blue product and a predictable supply. We look forward to joining the St. Joseph business community."

“This acquisition allows National Beef to expand our value based marketing strategy into the wet blue hide business,” said John Miller, Chief Executive Officer of National Beef. “The bovine hide business has traditionally been commodity driven; owning a wet blue tannery will allow us to add significant value to the hides that we produce in our beef processing facilities.”

With sales exceeding $5 billion annually, National Beef is the nation’s fourth largest beef processor. It is the only major beef processing company in the United States with a majority of its ownership held by beef producers; U.S. operations include Liberal, Dodge City and Kansas City, Kansas; Brawley, California; Hummels Wharf, Pennsylvania; Moultrie, Georgia and Kansas City, Missouri. National Beef processes and markets fresh beef, case-ready beef and beef by-products for domestic and international markets. For more information about National Beef visit www.nationalbeef.com.

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