Markets

Boxed Beef - Morning

LM_XB402

Des Moines, IA                  Fri, Jan 09, 2015               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:                          256.39         247.58

Change from prior day:                            1.82           2.24

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

Choice/Select spread:                                    8.82



Total Load Count (Cuts, Trimmings, Grinds):               110

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

COMPOSITE PRIMAL VALUES

 Primal Rib                                     329.60         314.66

 Primal Chuck                                   230.35         226.36

 Primal Round                                   244.61         243.23

 Primal Loin                                    313.06         287.20

 Primal Brisket                                 232.55         231.66

 Primal Short Plate                             185.29         184.83

 Primal Flank                                   139.73         138.25

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

LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS

                                                CHOICE         SELECT

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

01/08   100    22     6    30    158            254.57         245.34

01/07   113    48    14    43    218            252.75         242.12

01/06    90    55     8    26    180            250.33         240.05

01/05    84    28    11    31    155            249.36         240.43

01/02    65    18     4    18    105            249.03         240.40

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

Current 5 Day Simple Average:                   251.21         241.67

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

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             56.92  loads          2,276,956  pounds

 Select Cuts             15.96  loads            638,246  pounds

 Trimmings                2.83  loads            113,048  pounds

 Ground Beef             34.71  loads          1,388,392  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       32     332,650   532.37  651.00  556.34

112A 3  Rib, ribeye, bnls, light         13      80,360   640.00  730.50  671.05

112A 3  Rib, ribeye, bnls, heavy         46     472,635   618.39  721.00  627.63

113C 1  Chuck, semi-bnls, neck/off

114  1  Chuck, shoulder clod              7      11,086   275.94  299.42  292.90

114A 3  Chuck, shoulder clod, trmd        4      49,451   309.69  334.00  311.75

114D 3  Chuck, clod, top blade            4      27,370   340.00  355.00  346.50

114E 3  Chuck, clod, arm roast            7      73,654   345.00  395.00  391.55

114F 5  Chuck, clod tender (IM)           5       4,545   390.00  405.00  397.89

115  1  Chuck, 2-piece, boneless

116A 3  Chuck, roll, lxl, neck/off       18      58,772   321.77  356.00  333.05

116B 1  Chuck, chuck tender (IM)          4      16,366   319.00  330.75  324.22

     3  Chuck roll, retail ready

120  1  Brisket, deckle-off, bnls        17      45,535   349.25  370.00  355.97

120A 3  Brisket, point/off, bnls

123A 3  Short Plate, short rib            7       6,313   575.00  626.25  603.52

130  4  Chuck, short rib                  6       6,126   339.50  379.42  347.66

160  1  Round, bone-in

161  1  Round, boneless                   0           0

     3  Round, bnls/peeled heel-out

167A 4  Round, knuckle, peeled           31      99,236   324.00  352.98  338.30

168  1  Round, top inside round           8      24,050   281.94  309.00  296.86

168  3  Round, top inside round          12      67,693   296.77  312.75  305.81

169  5  Round, top inside, denuded       15      76,915   339.00  365.51  342.80

     3  Round, top inside, side off

170  1  Round, bottom gooseneck

171B 3  Round, outside round             15      87,224   321.00  351.00  337.66

171C 3  Round, eye of round (IM)         27     127,739   339.00  362.00  354.28

174  1  Loin, short loin, 2x3             0           0

174  3  Loin, short loin, 0x1            12      34,452   549.00  596.25  552.01

175  3  Loin, strip loin, 1x1

180  1  Loin, strip, bnls, heavy          0           0

     1  Loin, strip loin bnls. 1x1

180  3  Loin, strip, bnls, 0x1           37     136,524   602.00  655.90  630.60

184  1  Loin, top butt, bnls, heavy       3       1,375   351.94  379.50  359.97

184  3  Loin, top butt, boneless         24     125,628   370.00  405.00  382.09

185A 4  Loin, bottom sirloin, flap       12      36,530   430.30  460.00  451.92

185B 1  Loin, ball-tip, bnls, heavy       9      17,441   319.65  328.11  320.23

185C 1  Loin, sirloin, tri-tip (IM)       5      13,036   359.00  375.15  372.17

185D 4  Loin, tri-tip, pld (IM)

189A 4  Loin, tndrloin, trmd, heavy      26      70,655  1000.00 1040.00 1017.71

191A 4  Loin, butt tender, trimmed        0           0

193  4  Flank, flank steak (IM)           6       5,518   505.00  535.00  517.89

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

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        3      48,814   499.90  557.00  520.83

112A 3  Rib, ribeye, bnls, light          4      16,648   605.00  682.25  622.86

112A 3  Rib, ribeye, bnls, heavy         11      40,282   578.00  630.00  583.46

113C 1  Chuck, semi-bnls, neck/off        0           0

114  1  Chuck, shoulder clod

114A 3  Chuck, shoulder clod, trmd        5      12,036   300.22  330.75  309.27

114D 3  Chuck, clod, top blade            0           0

114E 3  Chuck, clod, arm roast            0           0

114F 5  Chuck, clod tender (IM)           0           0

115  1  Chuck, 2-piece, boneless

116A 3  Chuck, roll, lxl, neck/off       10     182,896   319.00  335.00  325.19

116B 1  Chuck, chuck tender (IM)

     3  Chuck roll, retail ready          0           0

120  1  Brisket, deckle-off, bnls         0           0

120A 3  Brisket, point/off, bnls          0           0

123A 3  Short Plate, short rib            4       8,732   535.00  625.00  547.73

130  4  Chuck, short rib

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      10,985   333.25  345.00  337.78

168  1  Round, top inside round           3       4,890   290.00  302.98  295.91

168  3  Round, top inside round           7     106,702   295.40  325.75  297.04

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

171C 3  Round, eye of round (IM)

174  1  Loin, short loin, 2x3             0           0

174  3  Loin, short loin, 0x1             6      12,578   470.00  499.99  495.14

175  3  Loin, strip loin, 1x1

180  1  Loin, strip, bnls, heavy          0           0

     1  Loin, strip loin bnls. 1x1        0           0

180  3  Loin, strip, bnls, 0x1            9      19,849   489.25  533.06  515.56

184  1  Loin, top butt, bnls, heavy       0           0

184  3  Loin, top butt, boneless          4       8,437   359.40  364.80  360.12

185A 4  Loin, bottom sirloin, flap        6      63,691   446.11  465.60  447.97

185B 1  Loin, ball-tip, bnls, heavy       4       6,661   311.71  325.75  319.93

185C 1  Loin, sirloin, tri-tip (IM)       4       4,395   346.00  365.00  355.97

185D 4  Loin, tri-tip, pld (IM)

189A 4  Loin, tndrloin, trmd, heavy       4      21,248  1000.90 1030.00 1017.39

191A 4  Loin, butt tender, trimmed        0           0

193  4  Flank, flank steak (IM)           3       3,314   524.42  540.90  539.98

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

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

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

124  4  Rib, Back Ribs, Fresh

124  4  Rib, Back Ribs, Frozen            4       2,020   119.21  203.00  188.60

121D 4  Plate, Inside Skirt (IM)

121C 4  Plate, Outside Skirt (IM)        11      24,780   570.00  610.00  585.08

121E 6  Outside Skirt, pld (IM)

        Cap, Wedge Meat & (IM) Lean      12      36,224   352.00  380.00  362.27

        Pectoral Meat                     7      10,080   355.00  400.00  377.90

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

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

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

Ground Beef 73%                           7     102,697   230.50  257.00  248.02

Ground Beef 75%                           0           0

Ground Beef 81%                          18     111,275   272.13  297.73  285.08

Ground Beef 85%

Ground Beef 90%                           0           0

Ground Beef 93%                           5      22,835   367.86  385.50  373.43

Ground Beef Chuck 80%                     7      72,759   294.00  316.00  303.13

Ground Beef Round 85%                     4      29,365   343.00  350.00  347.94

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%

Blended Ground Beef 81%                  16     408,640   250.28  290.00  277.57

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                  3     113,048   129.20  133.00  130.47

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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