Advice and Tips

Boxed Beef - Morning

LM_XB402

Des Moines, IA                  Mon, Oct 13, 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:                          248.17         235.63

Change from prior day:                            0.50           0.89

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

Choice/Select spread:                                   12.54



Total Load Count (Cuts, Trimmings, Grinds):               100

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

COMPOSITE PRIMAL VALUES

 Primal Rib                                     346.33         297.98

 Primal Chuck                                   224.40         223.00

 Primal Round                                   238.71         234.86

 Primal Loin                                    297.36         270.97

 Primal Brisket                                 200.82         198.51

 Primal Short Plate                             166.34         166.33

 Primal Flank                                   115.03         114.46

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

LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS

                                                CHOICE         SELECT

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

10/10    57    30    12    28    127            247.67         234.74

10/09    66    73    35    23    197            247.06         234.85

10/08    87    47    52    41    228            246.55         234.48

10/07    60    41    35    35    171            243.88         232.26

10/06    76    30    28    31    165            241.14         229.17

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

Current 5 Day Simple Average:                   245.26         233.10

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

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             42.42  loads          1,696,945  pounds

 Select Cuts             26.91  loads          1,076,578  pounds

 Trimmings               10.68  loads            427,269  pounds

 Ground Beef             19.64  loads            785,734  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       12      33,593   612.61  695.00  621.27

112A 3  Rib, ribeye, bnls, light          6      26,529   729.50  780.00  768.52

112A 3  Rib, ribeye, bnls, heavy         14      28,438   696.39  760.00  708.62

113C 1  Chuck, semi-bnls, neck/off

114  1  Chuck, shoulder clod

114A 3  Chuck, shoulder clod, trmd       12     235,646   310.00  327.00  322.10

114D 3  Chuck, clod, top blade            0           0

114E 3  Chuck, clod, arm roast            4       9,975   375.00  376.00  375.65

114F 5  Chuck, clod tender (IM)          12      17,193   384.60  420.50  397.41

115  1  Chuck, 2-piece, boneless

116A 3  Chuck, roll, lxl, neck/off       16     130,470   324.11  357.60  350.60

116B 1  Chuck, chuck tender (IM)          9      41,439   319.60  330.00  326.39

     3  Chuck roll, retail ready

120  1  Brisket, deckle-off, bnls        11      55,426   300.00  320.00  308.52

120A 3  Brisket, point/off, bnls          9      10,707   532.60  552.00  538.94

123A 3  Short Plate, short rib           24      39,030   542.00  575.85  572.63

130  4  Chuck, short rib                 17      27,250   339.25  390.00  365.66

160  1  Round, bone-in                    3       8,871   268.93  365.50  350.65

161  1  Round, boneless                   3       4,648   295.91  305.35  302.36

     3  Round, bnls/peeled heel-out

167A 4  Round, knuckle, peeled           15     108,334   309.60  333.00  320.26

168  1  Round, top inside round           8      16,818   280.69  300.35  289.56

168  3  Round, top inside round          14     215,509   290.69  315.00  299.41

169  5  Round, top inside, denuded        9      26,968   320.60  357.00  326.09

     3  Round, top inside, side off

170  1  Round, bottom gooseneck           0           0

171B 3  Round, outside round             15      58,610   329.00  358.00  344.68

171C 3  Round, eye of round (IM)         18      49,915   324.25  366.00  334.82

174  1  Loin, short loin, 2x3             0           0

174  3  Loin, short loin, 0x1             7      19,884   514.09  551.00  545.01

175  3  Loin, strip loin, 1x1

180  1  Loin, strip, bnls, heavy

     1  Loin, strip loin bnls. 1x1        4       4,244   468.00  513.35  471.95

180  3  Loin, strip, bnls, 0x1           17      31,136   497.00  562.25  530.24

184  1  Loin, top butt, bnls, heavy       4      15,708   320.00  325.00  324.15

184  3  Loin, top butt, boneless         17      50,692   329.50  354.00  341.77

185A 4  Loin, bottom sirloin, flap        8      15,137   437.98  454.00  450.04

185B 1  Loin, ball-tip, bnls, heavy      13      34,720   319.90  359.65  332.92

185C 1  Loin, sirloin, tri-tip (IM)       8      71,870   334.98  370.00  342.75

185D 4  Loin, tri-tip, pld (IM)           7      12,631   479.97  495.00  484.75

189A 4  Loin, tndrloin, trmd, heavy       7      10,260  1195.00 1220.00 1210.63

191A 4  Loin, butt tender, trimmed

193  4  Flank, flank steak (IM)          11       9,804   396.00  434.65  419.76

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

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      10,198   477.73  510.00  490.25

112A 3  Rib, ribeye, bnls, light          4      55,376   547.73  604.60  579.83

112A 3  Rib, ribeye, bnls, heavy         19      50,019   529.00  590.85  555.59

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)           7      10,035   370.00  390.00  371.26

115  1  Chuck, 2-piece, boneless

116A 3  Chuck, roll, lxl, neck/off        9      31,077   320.00  355.10  337.99

116B 1  Chuck, chuck tender (IM)          5       7,451   320.44  330.00  323.04

     3  Chuck roll, retail ready          0           0

120  1  Brisket, deckle-off, bnls         6      18,369   300.00  321.00  311.24

120A 3  Brisket, point/off, bnls

123A 3  Short Plate, short rib            0           0

130  4  Chuck, short rib                  3       5,134   345.00  385.00  374.13

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           6      28,053   295.57  307.00  304.14

169  5  Round, top inside, denuded        0           0

     3  Round, top inside, side off       0           0

170  1  Round, bottom gooseneck

171B 3  Round, outside round             10     146,213   298.00  345.03  325.20

171C 3  Round, eye of round (IM)          9      15,100   340.00  360.00  345.82

174  1  Loin, short loin, 2x3

174  3  Loin, short loin, 0x1             5      11,465   432.82  437.52  434.99

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            6      19,940   407.00  489.25  438.35

184  1  Loin, top butt, bnls, heavy

184  3  Loin, top butt, boneless         12      48,991   300.00  325.00  312.02

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

185B 1  Loin, ball-tip, bnls, heavy       6      25,487   319.90  355.00  329.52

185C 1  Loin, sirloin, tri-tip (IM)       8      95,618   334.98  360.00  336.88

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

189A 4  Loin, tndrloin, trmd, heavy      12      70,914  1103.00 1175.00 1135.87

191A 4  Loin, butt tender, trimmed

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            5      42,586   125.00  171.00  169.81

121D 4  Plate, Inside Skirt (IM)          9      21,041   348.00  390.00  360.52

121C 4  Plate, Outside Skirt (IM)        11      28,332   552.03  601.00  560.35

121E 6  Outside Skirt, pld (IM)           6      19,209   785.00  835.00  785.72

        Cap, Wedge Meat & (IM) Lean      25     344,626   323.00  380.00  326.16

        Pectoral Meat                    21      81,218   370.00  410.00  384.95

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

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

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

Ground Beef 73%                           9     249,308   223.00  237.00  230.17

Ground Beef 75%                           0           0

Ground Beef 81%                           9     240,835   243.00  261.00  256.05

Ground Beef 85%                           0           0

Ground Beef 90%                           0           0

Ground Beef 93%

Ground Beef Chuck 80%

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%                  10     233,475   253.80  268.00  264.36

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                 13     427,269   100.00  111.00  107.80

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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