Advice and Tips

Boxed Beef - Morning

LM_XB402

Des Moines, IA                  Fri, Aug 01, 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:                          263.77         258.71

Change from prior day:                            0.11         (1.89)

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

Choice/Select spread:                                    5.06



Total Load Count (Cuts, Trimmings, Grinds):                56

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

COMPOSITE PRIMAL VALUES

 Primal Rib                                     348.78         325.76

 Primal Chuck                                   228.01         229.16

 Primal Round                                   262.29         259.32

 Primal Loin                                    321.98         312.61

 Primal Brisket                                 206.73         204.31

 Primal Short Plate                             196.99         196.99

 Primal Flank                                   153.72         153.79

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

LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS

                                                CHOICE         SELECT

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

07/31    63    36    19    14    132            263.66         260.60

07/30    85    36    22    34    177            262.92         260.83

07/29    77    44    10    18    149            261.34         259.03

07/28    52    23     8    19    102            259.30         256.17

07/25    42    26     5    12     84            257.38         254.33

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

Current 5 Day Simple Average:                   260.92         258.19

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

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             31.06  loads          1,242,408  pounds

 Select Cuts             11.98  loads            479,258  pounds

 Trimmings                3.57  loads            142,898  pounds

 Ground Beef              9.13  loads            365,380  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        8      29,399   600.00  675.00  632.63

112A 3  Rib, ribeye, bnls, light         10      42,891   700.00  745.50  703.91

112A 3  Rib, ribeye, bnls, heavy         27     100,767   682.00  750.00  713.60

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

114  1  Chuck, shoulder clod              7      53,990   280.00  304.00  297.66

114A 3  Chuck, shoulder clod, trmd

114D 3  Chuck, clod, top blade            4       4,535   360.63  389.49  365.65

114E 3  Chuck, clod, arm roast            8      77,956   320.00  348.50  327.90

114F 5  Chuck, clod tender (IM)

115  1  Chuck, 2-piece, boneless          0           0

116A 3  Chuck, roll, lxl, neck/off        8      18,112   330.25  366.00  351.93

116B 1  Chuck, chuck tender (IM)          6      22,736   324.08  340.00  325.57

     3  Chuck roll, retail ready

120  1  Brisket, deckle-off, bnls        15      56,026   298.00  330.00  308.22

120A 3  Brisket, point/off, bnls         10       8,390   565.00  575.00  569.53

123A 3  Short Plate, short rib            8      17,448   518.00  567.00  527.73

130  4  Chuck, short rib                  6       6,334   360.00  385.50  370.63

160  1  Round, bone-in

161  1  Round, boneless                   3       3,825   312.22  321.00  317.27

     3  Round, bnls/peeled heel-out

167A 4  Round, knuckle, peeled           13      50,122   363.00  416.00  373.95

168  1  Round, top inside round           3       3,330   370.00  377.00  372.50

168  3  Round, top inside round           6      25,169   369.00  380.00  376.50

169  5  Round, top inside, denuded        4       4,114   420.00  456.00  445.46

     3  Round, top inside, side off       0           0

170  1  Round, bottom gooseneck

171B 3  Round, outside round             16      41,364   335.00  356.55  343.12

171C 3  Round, eye of round (IM)         22      85,827   320.00  350.00  335.05

174  1  Loin, short loin, 2x3             0           0

174  3  Loin, short loin, 0x1            10     201,365   580.00  623.00  588.31

175  3  Loin, strip loin, 1x1

180  1  Loin, strip, bnls, heavy          0           0

     1  Loin, strip loin bnls. 1x1        5       4,773   575.00  631.82  585.09

180  3  Loin, strip, bnls, 0x1           15      52,854   628.63  675.00  658.95

184  1  Loin, top butt, bnls, heavy      10      73,212   350.52  370.00  351.71

184  3  Loin, top butt, boneless         14      53,136   373.00  413.20  392.31

185A 4  Loin, bottom sirloin, flap       12      25,963   480.50  541.00  497.34

185B 1  Loin, ball-tip, bnls, heavy       5      13,182   344.00  364.50  359.99

185C 1  Loin, sirloin, tri-tip (IM)       3       2,652   376.00  412.89  382.98

185D 4  Loin, tri-tip, pld (IM)           7       7,264   511.50  560.00  545.43

189A 4  Loin, tndrloin, trmd, heavy      13      13,417  1015.00 1052.00 1029.38

191A 4  Loin, butt tender, trimmed        3       1,456   943.00 1025.00 1002.90

193  4  Flank, flank steak (IM)           7      11,111   555.00  585.00  561.85

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

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        5       7,922   562.47  631.00  580.81

112A 3  Rib, ribeye, bnls, light          7      19,103   642.00  712.00  680.41

112A 3  Rib, ribeye, bnls, heavy         19      53,706   641.00  700.00  656.37

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

114  1  Chuck, shoulder clod              5      17,575   280.00  299.52  285.85

114A 3  Chuck, shoulder clod, trmd        6      30,019   285.00  319.00  300.57

114D 3  Chuck, clod, top blade            0           0

114E 3  Chuck, clod, arm roast

114F 5  Chuck, clod tender (IM)           5      10,053   530.00  550.00  531.73

115  1  Chuck, 2-piece, boneless

116A 3  Chuck, roll, lxl, neck/off        6      58,384   329.76  365.00  332.20

116B 1  Chuck, chuck tender (IM)          4       7,310   325.00  340.00  329.30

     3  Chuck roll, retail ready          0           0

120  1  Brisket, deckle-off, bnls         5      10,929   298.00  309.66  302.79

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

123A 3  Short Plate, short rib            3       2,996   525.00  538.75  533.37

130  4  Chuck, short rib                  9       5,739   340.27  380.00  359.33

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

168  3  Round, top inside round           3      23,201   358.00  385.00  368.59

169  5  Round, top inside, denuded

     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)          9      12,631   320.00  339.66  329.61

174  1  Loin, short loin, 2x3             0           0

174  3  Loin, short loin, 0x1

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

184  1  Loin, top butt, bnls, heavy

184  3  Loin, top butt, boneless

185A 4  Loin, bottom sirloin, flap        3       4,744   475.00  500.00  487.41

185B 1  Loin, ball-tip, bnls, heavy

185C 1  Loin, sirloin, tri-tip (IM)       4       7,118   379.00  410.00  384.69

185D 4  Loin, tri-tip, pld (IM)

189A 4  Loin, tndrloin, trmd, heavy      10      52,714   980.31 1072.00  994.32

191A 4  Loin, butt tender, trimmed

193  4  Flank, flank steak (IM)           7       9,361   547.00  601.00  555.98

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

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

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

124  4  Rib, Back Ribs, Fresh

124  4  Rib, Back Ribs, Frozen

121D 4  Plate, Inside Skirt (IM)          8      62,013   446.00  480.00  451.22

121C 4  Plate, Outside Skirt (IM)        10      15,644   565.00  656.00  614.29

121E 6  Outside Skirt, pld (IM)           7       8,801   866.92  940.00  885.02

        Cap, Wedge Meat & (IM) Lean       8       7,708   345.00  360.00  350.90

        Pectoral Meat                     9      18,182   350.00  369.00  362.31

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

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

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

Ground Beef 73%                           7      87,629   233.72  241.00  236.26

Ground Beef 75%                           0           0

Ground Beef 81%                           9      38,116   260.00  272.00  270.65

Ground Beef 85%                           0           0

Ground Beef 90%                           0           0

Ground Beef 93%                           5     128,133   326.50  329.99  326.51

Ground Beef Chuck 80%                     3       7,978   264.64  285.00  265.68

Ground Beef Round 85%                     3       1,804   295.00  319.00  302.51

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%                   5      10,700   269.00  279.05  270.23

Blended Ground Beef 85%

Blended Ground Beef 90%                   0           0

Blended Ground Beef 93%                   0           0

Blended Ground Beef Chuck 80%             0           0

Blended Ground Beef Round 85%

Blended Ground Beef Sirloin 90%

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

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

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

Fresh 50% lean trimmings                 10     142,898   150.00  155.50  151.88

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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