Advice and Tips

Boxed Beef - Morning

LM_XB402

Des Moines, IA                  Mon, Jul 28, 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:                          258.77         256.04

Change from prior day:                            1.39           1.71

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

Choice/Select spread:                                    2.73



Total Load Count (Cuts, Trimmings, Grinds):                51

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

COMPOSITE PRIMAL VALUES

 Primal Rib                                     351.20         329.81

 Primal Chuck                                   226.41         226.47

 Primal Round                                   245.55         248.70

 Primal Loin                                    318.68         314.77

 Primal Brisket                                 206.83         203.64

 Primal Short Plate                             192.01         192.01

 Primal Flank                                   153.59         152.85

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

LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS

                                                CHOICE         SELECT

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

07/25    42    26     5    12     84            257.38         254.33

07/24    88    41     7    16    152            255.56         252.84

07/23   104    64     9    34    212            252.59         248.71

07/22    79    64    11    32    186            252.80         245.79

07/21    70    48    10    19    147            250.52         244.08

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

Current 5 Day Simple Average:                   253.77         249.15

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

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             20.91  loads            836,566  pounds

 Select Cuts             10.70  loads            428,115  pounds

 Trimmings                7.93  loads            317,353  pounds

 Ground Beef             11.77  loads            470,685  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       14      30,397   627.00  683.85  644.73

112A 3  Rib, ribeye, bnls, light         10      13,078   685.00  746.00  711.42

112A 3  Rib, ribeye, bnls, heavy         17      33,952   697.00  755.50  715.72

113C 1  Chuck, semi-bnls, neck/off

114  1  Chuck, shoulder clod              0           0

114A 3  Chuck, shoulder clod, trmd        9      59,532   284.25  314.15  310.45

114D 3  Chuck, clod, top blade

114E 3  Chuck, clod, arm roast            7      13,843   278.31  320.00  302.55

114F 5  Chuck, clod tender (IM)           3       5,623   580.00  610.00  603.26

115  1  Chuck, 2-piece, boneless

116A 3  Chuck, roll, lxl, neck/off       15      50,299   302.00  353.00  331.77

116B 1  Chuck, chuck tender (IM)          3       5,610   299.76  313.34  311.38

     3  Chuck roll, retail ready          0           0

120  1  Brisket, deckle-off, bnls        17     117,688   298.00  332.00  301.89

120A 3  Brisket, point/off, bnls

123A 3  Short Plate, short rib           16      33,828   540.00  571.00  557.03

130  4  Chuck, short rib                  8       8,684   359.00  385.00  367.13

160  1  Round, bone-in

161  1  Round, boneless

     3  Round, bnls/peeled heel-out

167A 4  Round, knuckle, peeled

168  1  Round, top inside round           7      23,323   291.50  333.00  312.14

168  3  Round, top inside round           7      10,046   310.21  369.00  337.17

169  5  Round, top inside, denuded        5       9,713   363.00  400.00  380.31

     3  Round, top inside, side off

170  1  Round, bottom gooseneck           0           0

171B 3  Round, outside round             13      41,234   302.83  341.00  328.45

171C 3  Round, eye of round (IM)         11      22,455   295.00  331.00  319.25

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        4       2,672   575.00  575.00  575.00

180  3  Loin, strip, bnls, 0x1           13      73,550   650.00  704.50  660.37

184  1  Loin, top butt, bnls, heavy       7      78,787   335.50  414.77  337.86

184  3  Loin, top butt, boneless          6      52,390   380.00  424.00  394.83

185A 4  Loin, bottom sirloin, flap        7       6,404   470.00  505.00  472.89

185B 1  Loin, ball-tip, bnls, heavy

185C 1  Loin, sirloin, tri-tip (IM)       4       3,963   378.83  400.00  386.15

185D 4  Loin, tri-tip, pld (IM)           3       3,771   520.00  560.00  534.47

189A 4  Loin, tndrloin, trmd, heavy      22      66,947  1010.00 1116.00 1016.11

191A 4  Loin, butt tender, trimmed        0           0

193  4  Flank, flank steak (IM)           8       7,545   567.59  605.00  584.12

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

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          4       5,571   651.59  695.00  663.90

112A 3  Rib, ribeye, bnls, heavy         19      79,158   615.00  700.00  640.80

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

114  1  Chuck, shoulder clod              0           0

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)           5       2,518   535.00  550.00  537.21

115  1  Chuck, 2-piece, boneless

116A 3  Chuck, roll, lxl, neck/off        7       9,416   330.00  350.00  339.66

116B 1  Chuck, chuck tender (IM)          3       3,884   298.19  313.34  304.47

     3  Chuck roll, retail ready          0           0

120  1  Brisket, deckle-off, bnls         4       8,027   285.00  323.00  307.96

120A 3  Brisket, point/off, bnls

123A 3  Short Plate, short rib

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

168  1  Round, top inside round           6      20,932   308.00  342.00  329.47

168  3  Round, top inside round           4      10,969   320.00  350.00  344.40

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              6       5,340   290.00  340.00  334.78

171C 3  Round, eye of round (IM)          9      19,505   285.00  325.00  312.14

174  1  Loin, short loin, 2x3             0           0

174  3  Loin, short loin, 0x1             5       3,514   574.30  609.00  581.61

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            5      11,888   607.58  661.00  619.58

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

184  3  Loin, top butt, boneless         11      24,371   385.00  431.00  409.40

185A 4  Loin, bottom sirloin, flap (IM)

185B 1  Loin, ball-tip, bnls, heavy       6      37,108   340.00  350.00  346.20

185C 1  Loin, sirloin, tri-tip (IM)       4      16,094   387.84  393.00  392.75

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

189A 4  Loin, tndrloin, trmd, heavy       7      38,831   990.00 1072.00 1015.13

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             0           0

124  4  Rib, Back Ribs, Frozen            3       7,566   132.00  150.00  135.10

121D 4  Plate, Inside Skirt (IM)         11      23,708   450.00  483.00  460.14

121C 4  Plate, Outside Skirt (IM)         8       7,365   589.00  657.00  624.01

121E 6  Outside Skirt, pld (IM)           4       6,011   855.00  940.00  908.06

        Cap, Wedge Meat & (IM) Lean      16      27,256   320.97  359.00  342.11

        Pectoral Meat                     8      10,456   330.30  365.00  347.78

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

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

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

Ground Beef 73%

Ground Beef 75%                           0           0

Ground Beef 81%                           5       6,244   281.00  284.00  282.12

Ground Beef 85%                           0           0

Ground Beef 90%                           0           0

Ground Beef 93%

Ground Beef Chuck 80%                     5       6,459   287.00  315.00  292.60

Ground Beef Round 85%                     3       1,330   317.00  337.00  322.87

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%                  15     161,480   262.15  290.00  278.20

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                 10     317,353   149.63  151.00  150.22

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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