Advice and Tips

Boxed Beef - Morning

LM_XB402

Des Moines, IA                  Fri, May 23, 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:                          231.60         220.94

Change from prior day:                          (0.19)         (0.22)

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

Choice/Select spread:                                   10.67



Total Load Count (Cuts, Trimmings, Grinds):                78

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

COMPOSITE PRIMAL VALUES

 Primal Rib                                     350.68         333.72

 Primal Chuck                                   190.80         186.62

 Primal Round                                   183.19         181.54

 Primal Loin                                    316.36         283.38

 Primal Brisket                                 192.64         191.86

 Primal Short Plate                             175.06         175.06

 Primal Flank                                   148.19         145.96

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

LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS

                                                CHOICE         SELECT

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

05/22    67    62     6    31    166            231.79         221.16

05/21    94    70    15    29    208            231.16         220.09

05/20    64    56    12    29    161            230.23         219.03

05/19    66    31     5    20    123            227.22         217.54

05/16    53    37     6    25    122            225.98         216.71

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

Current 5 Day Simple Average:                   229.28         218.91

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

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             34.96  loads          1,398,387  pounds

 Select Cuts             15.84  loads            633,635  pounds

 Trimmings               18.46  loads            738,236  pounds

 Ground Beef              8.67  loads            346,809  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       13      52,603   647.00  708.00  672.05

112A 3  Rib, ribeye, bnls, light         10      14,872   710.00  760.00  750.18

112A 3  Rib, ribeye, bnls, heavy         24      62,912   700.00  772.00  750.30

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

114  1  Chuck, shoulder clod              7       7,203   225.00  246.00  228.25

114A 3  Chuck, shoulder clod, trmd       10      45,903   231.00  256.50  244.75

114D 3  Chuck, clod, top blade            3       2,868   344.00  390.00  350.44

114E 3  Chuck, clod, arm roast            7      86,041   255.00  271.00  260.06

114F 5  Chuck, clod tender (IM)

115  1  Chuck, 2-piece, boneless

116A 3  Chuck, roll, lxl, neck/off       26     148,820   255.00  285.00  266.29

116B 1  Chuck, chuck tender (IM)          6      16,558   226.00  248.50  242.31

     3  Chuck roll, retail ready

120  1  Brisket, deckle-off, bnls        23      50,148   280.00  311.00  289.23

120A 3  Brisket, point/off, bnls          5       1,443   510.00  557.00  517.86

123A 3  Short Plate, short rib            3       8,924   472.68  508.88  483.78

130  4  Chuck, short rib                 14      14,982   300.34  370.00  325.87

160  1  Round, bone-in                    0           0

161  1  Round, boneless                   4       5,701   230.00  253.88  232.51

     3  Round, bnls/peeled heel-out       0           0

167A 4  Round, knuckle, peeled           17      46,509   245.00  266.00  249.66

168  1  Round, top inside round          10      24,049   217.88  228.75  223.72

168  3  Round, top inside round          11      60,869   217.00  242.00  221.41

169  5  Round, top inside, denuded        9      57,106   268.00  273.00  269.82

     3  Round, top inside, side off       0           0

170  1  Round, bottom gooseneck           4      10,261   220.00  236.50  222.72

171B 3  Round, outside round             14      52,702   224.00  255.00  236.90

171C 3  Round, eye of round (IM)         18      31,183   243.00  255.43  247.21

174  1  Loin, short loin, 2x3

174  3  Loin, short loin, 0x1             8      58,814   574.00  651.00  618.59

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           17      50,131   575.00  672.15  619.95

184  1  Loin, top butt, bnls, heavy       7       5,956   350.00  383.00  363.09

184  3  Loin, top butt, boneless         20     207,522   379.00  412.00  390.08

185A 4  Loin, bottom sirloin, flap       20      55,511   451.00  515.00  501.39

185B 1  Loin, ball-tip, bnls, heavy       5       6,485   276.00  298.00  284.19

185C 1  Loin, sirloin, tri-tip (IM)       7       7,729   355.00  401.00  363.44

185D 4  Loin, tri-tip, pld (IM)

189A 4  Loin, tndrloin, trmd, heavy      23      46,373  1060.00 1190.00 1085.49

191A 4  Loin, butt tender, trimmed        4       1,803  1060.00 1125.00 1071.61

193  4  Flank, flank steak (IM)           8       6,529   578.30  602.59  591.13

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

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

112A 3  Rib, ribeye, bnls, light          6      13,666   697.00  739.65  708.69

112A 3  Rib, ribeye, bnls, heavy          6       2,465   693.48  742.00  721.39

113C 1  Chuck, semi-bnls, neck/off

114  1  Chuck, shoulder clod

114A 3  Chuck, shoulder clod, trmd        4      48,890   234.74  250.19  239.66

114D 3  Chuck, clod, top blade            0           0

114E 3  Chuck, clod, arm roast            0           0

114F 5  Chuck, clod tender (IM)           6       3,804   480.00  501.00  499.71

115  1  Chuck, 2-piece, boneless

116A 3  Chuck, roll, lxl, neck/off       10      32,732   255.00  280.00  262.46

116B 1  Chuck, chuck tender (IM)

     3  Chuck roll, retail ready          0           0

120  1  Brisket, deckle-off, bnls         6      25,395   280.00  290.00  282.05

120A 3  Brisket, point/off, bnls

123A 3  Short Plate, short rib

130  4  Chuck, short rib                  4       4,221   300.34  340.64  313.62

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            9      27,971   244.20  255.00  247.23

168  1  Round, top inside round           0           0

168  3  Round, top inside round           6      60,121   224.04  257.00  228.70

169  5  Round, top inside, denuded

     3  Round, top inside, side off       0           0

170  1  Round, bottom gooseneck

171B 3  Round, outside round              4      48,717   222.00  242.70  231.38

171C 3  Round, eye of round (IM)          5       6,072   242.70  250.00  248.06

174  1  Loin, short loin, 2x3             0           0

174  3  Loin, short loin, 0x1             3       1,956   500.32  611.50  532.10

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            3       3,385   487.46  612.00  594.78

184  1  Loin, top butt, bnls, heavy       6      44,108   288.50  307.00  293.87

184  3  Loin, top butt, boneless          4       7,271   291.46  328.00  318.35

185A 4  Loin, bottom sirloin, flap        6      25,053   434.08  500.00  451.19

185B 1  Loin, ball-tip, bnls, heavy       7      71,952   240.00  270.00  242.23

185C 1  Loin, sirloin, tri-tip (IM)

185D 4  Loin, tri-tip, pld (IM)           0           0

189A 4  Loin, tndrloin, trmd, heavy       4       4,006  1014.00 1087.00 1037.64

191A 4  Loin, butt tender, trimmed

193  4  Flank, flank steak (IM)           4       6,872   551.54  583.00  563.08

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

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

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

124  4  Rib, Back Ribs, Fresh

124  4  Rib, Back Ribs, Frozen            3      10,324   105.00  150.00  121.57

121D 4  Plate, Inside Skirt (IM)         11      25,122   402.00  425.25  414.60

121C 4  Plate, Outside Skirt (IM)         8      12,167   585.00  641.00  601.59

121E 6  Outside Skirt, pld (IM)

        Cap, Wedge Meat & (IM) Lean      17     103,018   285.00  306.00  289.98

        Pectoral Meat                    11      98,794   283.00  301.00  285.89

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

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

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

Ground Beef 73%                           8      71,625   197.05  219.00  205.59

Ground Beef 75%

Ground Beef 81%                          12      88,273   198.20  240.00  216.32

Ground Beef 85%                           0           0

Ground Beef 90%                           0           0

Ground Beef 93%                           0           0

Ground Beef Chuck 80%                     6      29,302   220.00  259.80  252.08

Ground Beef Round 85%

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%                   9      87,360   197.90  240.90  219.83

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                 21     738,236   116.70  128.50  119.82

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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