Markets

Boxed Beef - Morning

LM_XB402

Des Moines, IA                  Thu, Dec 18, 2014               USDA Market News



NATIONAL DAILY BOXED BEEF CUTOUT AND BOXED BEEF CUTS - Negotiated Sales -

Morning



USDA ESTIMATED BOXED BEEF CUT-OUT VALUES - as of 9:30am



Based on negotiated prices and volume of boxed beef cuts delivered within 0-21

days and on average industry cutting yields.  Values reflect U.S. dollars per

100 pounds.









                                                CHOICE         SELECT

                                                600-900        600-900

--------------------------------------------------------------------------------

Current Cutout Values:                          242.52         230.56

Change from prior day:                            0.11         (0.57)

--------------------------------------------------------------------------------

Choice/Select spread:                                   11.97



Total Load Count (Cuts, Trimmings, Grinds):                90

--------------------------------------------------------------------------------

COMPOSITE PRIMAL VALUES

 Primal Rib                                     356.61         299.95

 Primal Chuck                                   212.79         208.07

 Primal Round                                   232.14         228.58

 Primal Loin                                    282.92         268.22

 Primal Brisket                                 211.58         208.95

 Primal Short Plate                             171.65         171.65

 Primal Flank                                   122.67         121.35

--------------------------------------------------------------------------------

LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS

                                                CHOICE         SELECT

Date  Choice Select Trim Grinds Total           600-900        600-900

12/17    78    53    37    35    204            242.41         231.13

12/16    71    50    39    29    189            242.88         234.25

12/15    39    27    18    28    113            245.52         234.67

12/12   108    48    15    29    201            245.03         234.10

12/11    76    38    20    24    159            247.79         235.94

--------------------------------------------------------------------------------

Current 5 Day Simple Average:                   244.73         234.02

--------------------------------------------------------------------------------

NATIONAL BOXED BEEF CUTS - NEGOTIATED SALES   FOB Plant basis negotiated sales

for delivery within 0-21 day period. Prior days sales after 1:30pm are included.



CURRENT VOLUME - (one load equals 40,000 pounds)



 Choice Cuts             34.60  loads          1,383,829  pounds

 Select Cuts             19.44  loads            777,688  pounds

 Trimmings               17.58  loads            703,271  pounds

 Ground Beef             18.77  loads            750,718  pounds

--------------------------------------------------------------------------------

Choice Cuts, Fat Limitations 1-6          (IM) = Individual Muscle

IMPS/FL       Sub-Primal              # of      Total        Price      Weighted

                                    Trades     Pounds        Range       Average

--------------------------------------------------------------------------------

109E 1  Rib, ribeye, lip-on, bn-in       20     224,897   587.43  803.00  626.32

112A 3  Rib, ribeye, bnls, light          9      41,544   731.00  839.00  751.34

112A 3  Rib, ribeye, bnls, heavy         29      56,920   722.00  819.00  742.17

113C 1  Chuck, semi-bnls, neck/off

114  1  Chuck, shoulder clod              3       3,562   260.00  277.00  261.77

114A 3  Chuck, shoulder clod, trmd       12      23,399   266.00  308.00  274.11

114D 3  Chuck, clod, top blade            6      23,835   324.00  345.00  325.37

114E 3  Chuck, clod, arm roast

114F 5  Chuck, clod tender (IM)          10      28,347   351.70  380.00  368.82

115  1  Chuck, 2-piece, boneless

116A 3  Chuck, roll, lxl, neck/off       17      32,297   292.00  331.00  306.45

116B 1  Chuck, chuck tender (IM)          7      25,630   292.00  322.67  298.29

     3  Chuck roll, retail ready

120  1  Brisket, deckle-off, bnls        18      76,524   321.00  340.00  334.83

120A 3  Brisket, point/off, bnls          7       4,102   560.00  570.00  561.73

123A 3  Short Plate, short rib           10       7,390   560.00  621.00  587.97

130  4  Chuck, short rib                  6      13,305   331.00  380.00  354.07

160  1  Round, bone-in                    0           0

161  1  Round, boneless                   4       3,245   292.00  292.00  292.00

     3  Round, bnls/peeled heel-out       0           0

167A 4  Round, knuckle, peeled           12      21,832   322.00  339.00  327.91

168  1  Round, top inside round          11      25,415   279.00  301.96  280.98

168  3  Round, top inside round          13      87,526   289.00  304.75  291.18

169  5  Round, top inside, denuded        8      11,336   335.00  357.00  346.02

     3  Round, top inside, side off

170  1  Round, bottom gooseneck           4      44,436   262.00  286.00  262.99

171B 3  Round, outside round             14      62,279   290.00  311.00  296.01

171C 3  Round, eye of round (IM)          8      21,774   330.00  346.00  331.55

174  1  Loin, short loin, 2x3

174  3  Loin, short loin, 0x1            13      16,065   510.00  574.75  517.80

175  3  Loin, strip loin, 1x1

180  1  Loin, strip, bnls, heavy

     1  Loin, strip loin bnls. 1x1       11      17,154   485.00  504.00  498.40

180  3  Loin, strip, bnls, 0x1           25     136,127   530.00  576.00  555.11

184  1  Loin, top butt, bnls, heavy       3       5,272   317.49  360.00  326.35

184  3  Loin, top butt, boneless         12      36,330   320.00  379.65  339.67

185A 4  Loin, bottom sirloin, flap       15      38,440   411.00  459.25  425.02

185B 1  Loin, ball-tip, bnls, heavy      13      25,269   280.00  332.00  292.92

185C 1  Loin, sirloin, tri-tip (IM)       3       3,061   336.65  365.50  338.34

185D 4  Loin, tri-tip, pld (IM)           9       8,852   445.00  486.00  455.93

189A 4  Loin, tndrloin, trmd, heavy      28     110,975   938.00 1165.25  963.61

191A 4  Loin, butt tender, trimmed

193  4  Flank, flank steak (IM)           6       3,320   473.00  491.00  486.44

--------------------------------------------------------------------------------

Select Cuts, Fat Limitations 1-6       (IM) = Individual Muscle

IMPS/FL         Sub-Primal             # of      Total        Price     Weighted

                                       Trades    Pounds       Range     Average

--------------------------------------------------------------------------------

109E 1  Rib, ribeye, lip-on, bn-in        6       4,643   552.75  611.11  574.67

112A 3  Rib, ribeye, bnls, light          8      17,197   539.50  745.70  591.41

112A 3  Rib, ribeye, bnls, heavy         16      51,707   540.00  694.75  570.40

113C 1  Chuck, semi-bnls, neck/off

114  1  Chuck, shoulder clod              3      27,633   247.00  269.75  249.63

114A 3  Chuck, shoulder clod, trmd        5      69,519   258.00  275.00  259.24

114D 3  Chuck, clod, top blade            0           0

114E 3  Chuck, clod, arm roast            0           0

114F 5  Chuck, clod tender (IM)           3       2,992   350.00  370.00  360.77

115  1  Chuck, 2-piece, boneless          0           0

116A 3  Chuck, roll, lxl, neck/off       13      23,859   284.00  326.00  305.12

116B 1  Chuck, chuck tender (IM)          4       8,313   300.00  325.00  316.13

     3  Chuck roll, retail ready          0           0

120  1  Brisket, deckle-off, bnls         9      83,193   314.00  345.00  325.90

120A 3  Brisket, point/off, bnls

123A 3  Short Plate, short rib            4       7,454   487.94  560.00  520.80

130  4  Chuck, short rib                  7       9,565   302.75  385.00  335.37

160  1  Round, bone-in                    0           0

161  1  Round, boneless                   0           0

     3  Round, bnls/peeled heel-out       0           0

167A 4  Round, knuckle, peeled            4      10,959   296.00  338.98  310.79

168  1  Round, top inside round           3      12,889   279.00  300.00  280.38

168  3  Round, top inside round          12      25,376   286.23  306.00  291.44

169  5  Round, top inside, denuded

     3  Round, top inside, side off       0           0

170  1  Round, bottom gooseneck           0           0

171B 3  Round, outside round              3       4,106   290.00  299.00  293.26

171C 3  Round, eye of round (IM)         13      71,455   309.00  335.00  312.59

174  1  Loin, short loin, 2x3             0           0

174  3  Loin, short loin, 0x1             9      45,332   402.99  461.00  408.47

175  3  Loin, strip loin, 1x1             0           0

180  1  Loin, strip, bnls, heavy          0           0

     1  Loin, strip loin bnls. 1x1

180  3  Loin, strip, bnls, 0x1            7      10,200   430.00  480.00  452.01

184  1  Loin, top butt, bnls, heavy

184  3  Loin, top butt, boneless          4       3,548   324.00  354.00  339.00

185A 4  Loin, bottom sirloin, flap        7     129,058   394.00  439.00  398.29

185B 1  Loin, ball-tip, bnls, heavy       7      65,664   282.50  305.00  283.96

185C 1  Loin, sirloin, tri-tip (IM)

185D 4  Loin, tri-tip, pld (IM)

189A 4  Loin, tndrloin, trmd, heavy       5       5,456   945.00 1050.99 1010.66

191A 4  Loin, butt tender, trimmed        0           0

193  4  Flank, flank steak (IM)

--------------------------------------------------------------------------------

CHOICE, SELECT & UNGRADED CUTS   Fat Limitations 1-6  (IM) = Individual Muscle

--------------------------------------------------------------------------------

124  4  Rib, Back Ribs, Fresh

124  4  Rib, Back Ribs, Frozen            3      15,598   119.00  131.90  127.02

121D 4  Plate, Inside Skirt (IM)          9       9,042   440.00  460.50  446.87

121C 4  Plate, Outside Skirt (IM)        13      21,422   569.77  621.00  576.85

121E 6  Outside Skirt, pld (IM)

        Cap, Wedge Meat & (IM) Lean      20      35,733   345.00  379.00  355.65

        Pectoral Meat                    15      31,680   339.00  395.00  344.98

--------------------------------------------------------------------------------

GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind

--------------------------------------------------------------------------------

Ground Beef 73%                           7      71,006   203.00  249.00  218.93

Ground Beef 75%                           0           0

Ground Beef 81%                           7      46,158   238.00  270.93  250.19

Ground Beef 85%                           0           0

Ground Beef 90%                           0           0

Ground Beef 93%                           0           0

Ground Beef Chuck 80%                    12     107,143   264.75  295.30  274.98

Ground Beef Round 85%                     0           0

Ground Beef Sirloin 90%                   0           0

--------------------------------------------------------------------------------

BLENDED GB - STEER/HEIFER/COW SOURCE - 10 Pound Chub Basis - Coarse & Fine Grind

--------------------------------------------------------------------------------

Blended Ground Beef 73%

Blended Ground Beef 75%                   0           0

Blended Ground Beef 81%

Blended Ground Beef 85%

Blended Ground Beef 90%                   0           0

Blended Ground Beef 93%

Blended Ground Beef Chuck 80%

Blended Ground Beef Round 85%

Blended Ground Beef Sirloin 90%

--------------------------------------------------------------------------------

BEEF TRIMMINGS - STEER/HEIFER SOURCE - Fresh Combos & Frozen Boxed

--------------------------------------------------------------------------------

Fresh 50% lean trimmings                 23     703,271    86.89  109.00   95.40

Frozen 50% lean trimmings                 0           0

--------------------------------------------------------------------------------

FAT LIMITATIONS (FL) DESCRIPTION

Maximum Average Fat Thickness                         Maximum Fat at any point

1. 3/4" (19mm)                                        1.0"

2. 1/4" (6mm)                                         1/2"

3. 1/8" (3mm)                                         1/4"

4. Practically free (75% surface lean exposed)        1/8"

5. Peeled/Denuded                                     1/8"

6. Peeled/Denuded, surface membrane removed           1/8"

--------------------------------------------------------------------------------

Items that have no entries indicate there were trades but not reportable

because they did not meet the daily 3/70/20 guideline.  Please refer to weekly

LM_XB459 as the item may qualify.

--------------------------------------------------------------------------------

Source:  USDA Market News Service, Des Moines, IA

         515-284-4460            email:  desm.lgmn@usda.gov

         24 Hour recorded market information 515-284-4830

         http://www.ams.usda.gov/LSMarketNews

1100C









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