Advice and Tips

Boxed Beef - Morning

LM_XB402

Des Moines, IA                  Tue, Jul 08, 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:                          250.03         242.82

Change from prior day:                            1.85           1.59

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

Choice/Select spread:                                    7.21



Total Load Count (Cuts, Trimmings, Grinds):                79

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

COMPOSITE PRIMAL VALUES

 Primal Rib                                     378.13         350.51

 Primal Chuck                                   207.72         208.56

 Primal Round                                   206.96         208.28

 Primal Loin                                    332.28         311.51

 Primal Brisket                                 213.77         212.25

 Primal Short Plate                             180.57         180.57

 Primal Flank                                   152.30         148.87

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

LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS

                                                CHOICE         SELECT

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

07/07    46    27    17    27    116            248.18         241.23

07/03    71    33     3    27    134            248.12         241.12

07/02    76    50     5    28    158            247.66         240.12

07/01    48    35    22    27    132            248.13         239.50

06/30    55    34    11    21    121            247.28         238.91

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

Current 5 Day Simple Average:                   247.87         240.18

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

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             20.45  loads            817,826  pounds

 Select Cuts             25.33  loads          1,013,025  pounds

 Trimmings               15.06  loads            602,283  pounds

 Ground Beef             17.82  loads            712,861  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        4       3,226   770.00  781.20  776.83

112A 3  Rib, ribeye, bnls, light          7      13,320   810.00  871.00  839.96

112A 3  Rib, ribeye, bnls, heavy          6       8,580   800.00  870.60  841.02

113C 1  Chuck, semi-bnls, neck/off

114  1  Chuck, shoulder clod              7      18,970   270.00  280.00  272.77

114A 3  Chuck, shoulder clod, trmd        5      33,363   280.00  304.28  283.06

114D 3  Chuck, clod, top blade            7       7,293   379.00  400.25  384.85

114E 3  Chuck, clod, arm roast

114F 5  Chuck, clod tender (IM)           3       2,814   600.00  632.00  604.62

115  1  Chuck, 2-piece, boneless

116A 3  Chuck, roll, lxl, neck/off       15      38,316   296.00  312.00  305.26

116B 1  Chuck, chuck tender (IM)

     3  Chuck roll, retail ready          0           0

120  1  Brisket, deckle-off, bnls         9       7,700   329.70  354.00  336.19

120A 3  Brisket, point/off, bnls          4      21,016   578.81  597.50  581.89

123A 3  Short Plate, short rib            8       8,529   513.00  567.00  541.58

130  4  Chuck, short rib                 10      21,941   341.00  372.37  353.98

160  1  Round, bone-in                    6       6,014   245.00  265.00  251.79

161  1  Round, boneless

     3  Round, bnls/peeled heel-out

167A 4  Round, knuckle, peeled           19      69,777   275.00  311.00  291.66

168  1  Round, top inside round          10      90,435   246.00  260.87  253.12

168  3  Round, top inside round          14     105,294   264.47  280.00  267.42

169  5  Round, top inside, denuded        5      14,735   300.00  314.46  307.71

     3  Round, top inside, side off

170  1  Round, bottom gooseneck           3       1,924   245.00  260.00  250.42

171B 3  Round, outside round              7      27,530   265.00  275.28  268.64

171C 3  Round, eye of round (IM)          8      18,638   259.47  286.00  270.48

174  1  Loin, short loin, 2x3

174  3  Loin, short loin, 0x1

175  3  Loin, strip loin, 1x1             0           0

180  1  Loin, strip, bnls, heavy          0           0

     1  Loin, strip loin bnls. 1x1        0           0

180  3  Loin, strip, bnls, 0x1           10      27,565   663.08  737.28  681.66

184  1  Loin, top butt, bnls, heavy

184  3  Loin, top butt, boneless          7      30,357   420.00  452.00  441.76

185A 4  Loin, bottom sirloin, flap        3       2,605   528.11  545.00  538.86

185B 1  Loin, ball-tip, bnls, heavy       9      23,223   280.00  325.25  291.01

185C 1  Loin, sirloin, tri-tip (IM)       3       1,652   390.00  421.00  407.98

185D 4  Loin, tri-tip, pld (IM)           5       6,972   548.36  565.00  552.27

189A 4  Loin, tndrloin, trmd, heavy      13      30,361  1016.03 1142.00 1053.26

191A 4  Loin, butt tender, trimmed

193  4  Flank, flank steak (IM)           9      12,252   604.00  630.90  617.93

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

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       2,545   728.47  757.00  737.54

112A 3  Rib, ribeye, bnls, light          5      15,825   727.50  828.00  744.58

112A 3  Rib, ribeye, bnls, heavy          8      15,596   739.05  836.28  772.96

113C 1  Chuck, semi-bnls, neck/off        4       3,328   269.46  281.75  276.98

114  1  Chuck, shoulder clod

114A 3  Chuck, shoulder clod, trmd        4       9,146   282.65  306.00  295.48

114D 3  Chuck, clod, top blade

114E 3  Chuck, clod, arm roast            0           0

114F 5  Chuck, clod tender (IM)

115  1  Chuck, 2-piece, boneless          0           0

116A 3  Chuck, roll, lxl, neck/off       17     124,845   285.00  305.00  295.36

116B 1  Chuck, chuck tender (IM)          4       4,449   299.75  301.00  300.25

     3  Chuck roll, retail ready          0           0

120  1  Brisket, deckle-off, bnls         6      35,170   320.00  340.73  324.34

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

123A 3  Short Plate, short rib            0           0

130  4  Chuck, short rib                  7      25,447   351.00  372.37  354.00

160  1  Round, bone-in

161  1  Round, boneless                   3       2,311   262.00  265.00  263.20

     3  Round, bnls/peeled heel-out       0           0

167A 4  Round, knuckle, peeled            7      50,159   293.00  322.50  303.62

168  1  Round, top inside round           6      32,261   245.00  272.00  256.51

168  3  Round, top inside round          16     128,368   251.00  279.75  266.10

169  5  Round, top inside, denuded

     3  Round, top inside, side off       0           0

170  1  Round, bottom gooseneck

171B 3  Round, outside round              9      15,178   263.00  280.00  267.15

171C 3  Round, eye of round (IM)          4       7,990   266.75  299.75  277.08

174  1  Loin, short loin, 2x3             0           0

174  3  Loin, short loin, 0x1            10      51,138   597.62  642.00  602.29

175  3  Loin, strip loin, 1x1             0           0

180  1  Loin, strip, bnls, heavy          0           0

     1  Loin, strip loin bnls. 1x1        0           0

180  3  Loin, strip, bnls, 0x1            6       6,743   575.00  652.00  614.64

184  1  Loin, top butt, bnls, heavy

184  3  Loin, top butt, boneless          5      28,851   365.00  385.00  381.46

185A 4  Loin, bottom sirloin, flap       12     142,277   462.00  530.00  480.76

185B 1  Loin, ball-tip, bnls, heavy       5      12,246   286.28  292.00  290.44

185C 1  Loin, sirloin, tri-tip (IM)       7     108,584   349.29  392.37  350.28

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

189A 4  Loin, tndrloin, trmd, heavy      13      10,658   995.00 1065.00 1022.66

191A 4  Loin, butt tender, trimmed

193  4  Flank, flank steak (IM)           6       1,438   589.47  612.37  594.03

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

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

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

124  4  Rib, Back Ribs, Fresh

124  4  Rib, Back Ribs, Frozen            7      22,346   125.00  150.00  133.77

121D 4  Plate, Inside Skirt (IM)          5       3,783   450.00  469.28  458.44

121C 4  Plate, Outside Skirt (IM)         8      11,822   570.00  614.00  587.73

121E 6  Outside Skirt, pld (IM)           9      27,101   845.00  920.00  872.95

        Cap, Wedge Meat & (IM) Lean      22     101,048   287.00  319.20  292.02

        Pectoral Meat                    28     109,345   292.00  320.00  300.05

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

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

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

Ground Beef 73%                           5     100,643   219.00  230.60  220.01

Ground Beef 75%

Ground Beef 81%                          11      39,292   230.00  255.60  242.65

Ground Beef 85%

Ground Beef 90%

Ground Beef 93%

Ground Beef Chuck 80%                     9     183,062   246.07  256.54  251.00

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%                  15     116,280   227.87  265.00  240.82

Blended Ground Beef 85%

Blended Ground Beef 90%

Blended Ground Beef 93%

Blended Ground Beef Chuck 80%

Blended Ground Beef Round 85%

Blended Ground Beef Sirloin 90%           0           0

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

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

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

Fresh 50% lean trimmings                 18     597,313   114.25  126.00  120.20

Frozen 50% lean trimmings

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

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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