Advice and Tips

Boxed Beef - Morning

LM_XB402

Des Moines, IA                  Fri, Aug 15, 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:                          256.04         250.21

Change from prior day:                          (0.70)           1.64

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

Choice/Select spread:                                    5.83



Total Load Count (Cuts, Trimmings, Grinds):                68

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

COMPOSITE PRIMAL VALUES

 Primal Rib                                     349.93         317.75

 Primal Chuck                                   221.88         222.11

 Primal Round                                   248.65         247.76

 Primal Loin                                    311.43         302.67

 Primal Brisket                                 206.07         204.65

 Primal Short Plate                             189.07         189.07

 Primal Flank                                   149.09         146.29

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

LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS

                                                CHOICE         SELECT

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

08/14    67    41    19    14    140            256.74         248.57

08/13    94    89    17    47    247            256.88         249.55

08/12    86    55    10    30    182            258.15         253.13

08/11    72    36    11    25    144            259.44         251.62

08/08    60    40    12    19    131            260.45         253.00

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

Current 5 Day Simple Average:                   258.33         251.17

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

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             37.19  loads          1,487,744  pounds

 Select Cuts             17.72  loads            708,761  pounds

 Trimmings                8.31  loads            332,352  pounds

 Ground Beef              4.53  loads            181,189  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       10      28,648   610.00  676.00  642.60

112A 3  Rib, ribeye, bnls, light

112A 3  Rib, ribeye, bnls, heavy         23      82,174   689.00  752.00  696.36

113C 1  Chuck, semi-bnls, neck/off        3      22,060   263.59  278.00  269.38

114  1  Chuck, shoulder clod              8      91,788   246.00  277.00  248.22

114A 3  Chuck, shoulder clod, trmd       20     176,104   256.00  288.50  263.80

114D 3  Chuck, clod, top blade            7      11,934   343.00  410.00  367.24

114E 3  Chuck, clod, arm roast           11      46,796   308.00  339.50  320.84

114F 5  Chuck, clod tender (IM)           0           0

115  1  Chuck, 2-piece, boneless          0           0

116A 3  Chuck, roll, lxl, neck/off       25      79,357   304.25  346.00  320.93

116B 1  Chuck, chuck tender (IM)         13      29,405   305.00  340.00  323.28

     3  Chuck roll, retail ready

120  1  Brisket, deckle-off, bnls        11      66,194   300.00  322.00  308.27

120A 3  Brisket, point/off, bnls          3       1,461   556.00  575.00  563.85

123A 3  Short Plate, short rib            5       7,866   536.00  566.00  554.96

130  4  Chuck, short rib                  8      11,832   343.00  385.50  357.22

160  1  Round, bone-in

161  1  Round, boneless                   3       8,828   302.27  310.00  306.08

     3  Round, bnls/peeled heel-out       0           0

167A 4  Round, knuckle, peeled           27     101,134   330.00  384.50  357.92

168  1  Round, top inside round           6      25,522   311.91  346.00  323.52

168  3  Round, top inside round          11      48,576   335.00  366.00  337.45

169  5  Round, top inside, denuded       10      19,589   372.70  422.00  386.89

     3  Round, top inside, side off       0           0

170  1  Round, bottom gooseneck           5       8,725   265.00  297.00  281.99

171B 3  Round, outside round             36     142,999   311.00  341.00  321.58

171C 3  Round, eye of round (IM)         22      69,190   316.00  340.00  326.18

174  1  Loin, short loin, 2x3             0           0

174  3  Loin, short loin, 0x1             8      24,924   582.20  621.00  587.25

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           22      82,344   620.00  675.00  645.46

184  1  Loin, top butt, bnls, heavy       3       2,156   320.00  339.91  331.12

184  3  Loin, top butt, boneless         19      40,178   319.00  375.00  344.18

185A 4  Loin, bottom sirloin, flap       13      68,990   473.00  541.00  487.55

185B 1  Loin, ball-tip, bnls, heavy       4       6,970   387.00  390.00  389.26

185C 1  Loin, sirloin, tri-tip (IM)       5       3,960   369.00  397.91  380.57

185D 4  Loin, tri-tip, pld (IM)           4       5,566   540.27  549.20  547.43

189A 4  Loin, tndrloin, trmd, heavy      13      21,391  1025.00 1161.00 1064.88

191A 4  Loin, butt tender, trimmed

193  4  Flank, flank steak (IM)           9      10,054   535.00  562.00  542.62

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

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        4       4,201   537.91  555.00  543.88

112A 3  Rib, ribeye, bnls, light

112A 3  Rib, ribeye, bnls, heavy         11      11,305   595.00  700.00  628.66

113C 1  Chuck, semi-bnls, neck/off

114  1  Chuck, shoulder clod              5      32,839   250.95  269.21  253.49

114A 3  Chuck, shoulder clod, trmd        4      14,116   265.00  285.00  267.73

114D 3  Chuck, clod, top blade            0           0

114E 3  Chuck, clod, arm roast

114F 5  Chuck, clod tender (IM)

115  1  Chuck, 2-piece, boneless

116A 3  Chuck, roll, lxl, neck/off       10      85,625   310.45  325.00  313.47

116B 1  Chuck, chuck tender (IM)          6       7,944   306.66  340.00  329.47

     3  Chuck roll, retail ready

120  1  Brisket, deckle-off, bnls         4       5,061   289.00  310.00  293.18

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

123A 3  Short Plate, short rib            3       5,220   538.75  550.00  542.89

130  4  Chuck, short rib

160  1  Round, bone-in

161  1  Round, boneless

     3  Round, bnls/peeled heel-out       0           0

167A 4  Round, knuckle, peeled            3      11,754   361.00  370.00  365.27

168  1  Round, top inside round           5      18,077   311.90  343.44  320.39

168  3  Round, top inside round

169  5  Round, top inside, denuded        0           0

     3  Round, top inside, side off       0           0

170  1  Round, bottom gooseneck           6       5,451   255.00  294.72  272.04

171B 3  Round, outside round              6      64,720   309.50  324.72  311.39

171C 3  Round, eye of round (IM)          8      26,612   320.00  337.00  323.86

174  1  Loin, short loin, 2x3             0           0

174  3  Loin, short loin, 0x1             4       3,766   547.00  555.00  551.97

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            7      13,890   557.00  590.00  580.25

184  1  Loin, top butt, bnls, heavy

184  3  Loin, top butt, boneless         11      27,789   320.00  358.00  342.14

185A 4  Loin, bottom sirloin, flap        3       7,996   463.00  490.00  469.98

185B 1  Loin, ball-tip, bnls, heavy       9      49,089   383.00  400.00  383.82

185C 1  Loin, sirloin, tri-tip (IM)       6      33,577   370.00  420.00  382.91

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

189A 4  Loin, tndrloin, trmd, heavy       3      10,982   971.00 1030.90 1028.22

191A 4  Loin, butt tender, trimmed

193  4  Flank, flank steak (IM)           5       2,761   525.00  546.00  527.30

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

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

121D 4  Plate, Inside Skirt (IM)          7      56,729   407.00  441.42  426.21

121C 4  Plate, Outside Skirt (IM)         8      86,565   556.59  570.00  560.03

121E 6  Outside Skirt, pld (IM)           0           0

        Cap, Wedge Meat & (IM) Lean      13      18,973   330.00  380.00  356.00

        Pectoral Meat                     7       4,922   330.00  384.75  364.80

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

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

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

Ground Beef 73%                           7      64,957   240.75  245.00  241.69

Ground Beef 75%                           0           0

Ground Beef 81%                           3       1,996   266.00  276.99  272.18

Ground Beef 85%                           0           0

Ground Beef 90%

Ground Beef 93%

Ground Beef Chuck 80%                     7      30,924   271.00  320.00  283.60

Ground Beef Round 85%                     0           0

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%

Blended Ground Beef 85%

Blended Ground Beef 90%                   0           0

Blended Ground Beef 93%

Blended Ground Beef Chuck 80%

Blended Ground Beef Round 85%             0           0

Blended Ground Beef Sirloin 90%

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

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

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

Fresh 50% lean trimmings                 14     332,352   142.13  149.72  145.79

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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