Advice and Tips

Boxed Beef - Morning

LM_XB402

Des Moines, IA                  Fri, Jul 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:                          248.32         242.27

Change from prior day:                          (1.49)         (1.97)

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

Choice/Select spread:                                    6.05



Total Load Count (Cuts, Trimmings, Grinds):               111

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

COMPOSITE PRIMAL VALUES

 Primal Rib                                     342.41         315.14

 Primal Chuck                                   212.00         210.99

 Primal Round                                   220.00         219.31

 Primal Loin                                    321.18         310.81

 Primal Brisket                                 209.11         206.35

 Primal Short Plate                             188.98         188.98

 Primal Flank                                   157.52         153.19

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

LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS

                                                CHOICE         SELECT

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

07/17    93    55    30    24    202            249.81         244.24

07/16    89    58    16    27    190            250.82         242.86

07/15    73    53    21    24    171            250.53         243.46

07/14    56    18     4    35    114            251.14         244.42

07/11    46    29    20    13    108            251.79         244.84

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

Current 5 Day Simple Average:                   250.82         243.96

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

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             54.64  loads          2,185,591  pounds

 Select Cuts             21.68  loads            867,206  pounds

 Trimmings               17.33  loads            693,067  pounds

 Ground Beef             16.87  loads            674,680  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      62,494   621.00  691.00  664.98

112A 3  Rib, ribeye, bnls, light         13      36,945   700.00  775.00  720.27

112A 3  Rib, ribeye, bnls, heavy         35     304,920   650.00  778.00  705.05

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

114  1  Chuck, shoulder clod             10      53,331   255.00  272.00  260.13

114A 3  Chuck, shoulder clod, trmd       17     186,217   250.00  286.00  266.88

114D 3  Chuck, clod, top blade            7      31,985   335.00  400.00  351.04

114E 3  Chuck, clod, arm roast           10      87,983   284.50  295.50  290.61

114F 5  Chuck, clod tender (IM)           3       3,009   615.00  630.00  624.14

115  1  Chuck, 2-piece, boneless

116A 3  Chuck, roll, lxl, neck/off       29     202,042   288.14  325.00  305.34

116B 1  Chuck, chuck tender (IM)          7      70,468   274.65  290.00  277.66

     3  Chuck roll, retail ready

120  1  Brisket, deckle-off, bnls        19     101,242   295.00  339.00  309.31

120A 3  Brisket, point/off, bnls          9      14,122   549.81  565.00  557.71

123A 3  Short Plate, short rib

130  4  Chuck, short rib                  8      25,063   349.05  385.00  353.24

160  1  Round, bone-in

161  1  Round, boneless                   0           0

     3  Round, bnls/peeled heel-out       0           0

167A 4  Round, knuckle, peeled           19      69,515   303.00  330.00  314.77

168  1  Round, top inside round          18     111,195   264.61  289.00  277.47

168  3  Round, top inside round           7      52,668   280.00  295.00  287.98

169  5  Round, top inside, denuded       11      61,498   302.00  324.00  305.35

     3  Round, top inside, side off       0           0

170  1  Round, bottom gooseneck           0           0

171B 3  Round, outside round             17      45,305   280.00  301.00  288.32

171C 3  Round, eye of round (IM)         21      59,027   270.00  304.00  284.25

174  1  Loin, short loin, 2x3             0           0

174  3  Loin, short loin, 0x1            12      49,137   569.05  690.75  608.47

175  3  Loin, strip loin, 1x1

180  1  Loin, strip, bnls, heavy

     1  Loin, strip loin bnls. 1x1        4      40,862   585.00  585.00  585.00

180  3  Loin, strip, bnls, 0x1           25     183,048   643.74  682.00  667.15

184  1  Loin, top butt, bnls, heavy       5       3,638   395.00  404.41  398.14

184  3  Loin, top butt, boneless         16      46,533   378.74  429.76  414.48

185A 4  Loin, bottom sirloin, flap       16      81,109   451.65  512.47  459.99

185B 1  Loin, ball-tip, bnls, heavy       8      12,551   310.00  320.00  310.92

185C 1  Loin, sirloin, tri-tip (IM)       5       4,887   385.00  408.00  395.99

185D 4  Loin, tri-tip, pld (IM)           3       1,886   535.00  555.67  538.34

189A 4  Loin, tndrloin, trmd, heavy      23      46,337   980.00 1052.41 1010.31

191A 4  Loin, butt tender, trimmed

193  4  Flank, flank steak (IM)           3       2,610   610.00  625.00  615.17

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

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          8     174,068   589.53  595.00  590.97

112A 3  Rib, ribeye, bnls, heavy         14      43,166   590.00  732.00  607.82

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

114  1  Chuck, shoulder clod              3       9,278   255.00  259.61  255.88

114A 3  Chuck, shoulder clod, trmd

114D 3  Chuck, clod, top blade            0           0

114E 3  Chuck, clod, arm roast

114F 5  Chuck, clod tender (IM)           4       8,437   535.00  580.00  538.33

115  1  Chuck, 2-piece, boneless

116A 3  Chuck, roll, lxl, neck/off       13      37,965   295.00  315.35  305.96

116B 1  Chuck, chuck tender (IM)          3       4,425   275.00  295.00  283.39

     3  Chuck roll, retail ready          0           0

120  1  Brisket, deckle-off, bnls         8     117,179   297.00  334.64  306.30

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

123A 3  Short Plate, short rib            3       3,012   518.75  518.75  518.75

130  4  Chuck, short rib                  0           0

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            5       9,424   310.00  324.50  313.31

168  1  Round, top inside round           4      39,667   265.00  284.00  270.79

168  3  Round, top inside round           4       7,368   280.81  295.00  283.98

169  5  Round, top inside, denuded        3       1,925   324.00  326.61  324.89

     3  Round, top inside, side off       0           0

170  1  Round, bottom gooseneck

171B 3  Round, outside round

171C 3  Round, eye of round (IM)          6      11,445   272.00  296.61  283.74

174  1  Loin, short loin, 2x3             0           0

174  3  Loin, short loin, 0x1             4      53,503   564.83  568.74  565.31

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            3      16,464   581.82  595.00  585.24

184  1  Loin, top butt, bnls, heavy

184  3  Loin, top butt, boneless          5      13,747   383.50  415.35  405.84

185A 4  Loin, bottom sirloin, flap        6      66,363   452.00  480.00  455.89

185B 1  Loin, ball-tip, bnls, heavy       8      20,079   290.00  315.00  306.10

185C 1  Loin, sirloin, tri-tip (IM)       3      22,101   349.81  389.86  352.95

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

189A 4  Loin, tndrloin, trmd, heavy       5      25,767   960.19  980.00  968.98

191A 4  Loin, butt tender, trimmed        3       1,344   959.05  998.00  976.84

193  4  Flank, flank steak (IM)           4       2,335   579.81  614.67  600.99

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

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

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

124  4  Rib, Back Ribs, Fresh             0           0

124  4  Rib, Back Ribs, Frozen            4      86,866   117.00  130.00  117.62

121D 4  Plate, Inside Skirt (IM)          8      27,032   442.00  475.00  458.98

121C 4  Plate, Outside Skirt (IM)        10      17,188   565.00  630.00  596.43

121E 6  Outside Skirt, pld (IM)

        Cap, Wedge Meat & (IM) Lean       7      12,316   300.00  310.37  300.27

        Pectoral Meat                    14      21,883   303.87  340.00  316.74

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

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

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

Ground Beef 73%                           8      94,859   244.75  249.00  246.57

Ground Beef 75%                           0           0

Ground Beef 81%                          13     167,045   255.00  284.00  271.52

Ground Beef 85%                           0           0

Ground Beef 90%

Ground Beef 93%                           4      10,887   273.73  332.67  322.62

Ground Beef Chuck 80%                    13     144,279   258.00  296.00  269.64

Ground Beef Round 85%                     3       1,825   301.00  307.00  304.83

Ground Beef Sirloin 90%

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

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%                   8      57,200   250.77  277.05  252.99

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                 19     610,267   132.45  137.10  134.70

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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