Advice and Tips

Boxed Beef - Morning

LM_XB402

Des Moines, IA                  Fri, Nov 07, 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:                          249.16         238.44

Change from prior day:                          (1.36)           1.19

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

Choice/Select spread:                                   10.71



Total Load Count (Cuts, Trimmings, Grinds):                82

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

COMPOSITE PRIMAL VALUES

 Primal Rib                                     366.80         327.17

 Primal Chuck                                   222.50         219.66

 Primal Round                                   228.28         228.02

 Primal Loin                                    301.06         276.43

 Primal Brisket                                 202.93         203.18

 Primal Short Plate                             173.10         173.10

 Primal Flank                                   120.72         118.65

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

LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS

                                                CHOICE         SELECT

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

11/06    92    59    19    13    183            250.52         237.25

11/05   103    49    24    29    205            251.24         238.12

11/04    70    59    35    23    186            250.14         238.49

11/03    50    41     9    25    125            250.73         239.40

10/31    56    29    44    21    150            251.20         238.63

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

Current 5 Day Simple Average:                   250.77         238.38

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

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             39.04  loads          1,561,623  pounds

 Select Cuts             19.91  loads            796,296  pounds

 Trimmings               10.84  loads            433,766  pounds

 Ground Beef             12.25  loads            490,002  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        7      35,736   693.00  756.00  723.65

112A 3  Rib, ribeye, bnls, light          0           0

112A 3  Rib, ribeye, bnls, heavy         23     168,553   720.00  792.00  729.67

113C 1  Chuck, semi-bnls, neck/off        3      23,813   265.00  271.29  265.82

114  1  Chuck, shoulder clod             13      20,090   285.00  310.00  294.05

114A 3  Chuck, shoulder clod, trmd       14     131,510   275.00  320.75  290.38

114D 3  Chuck, clod, top blade            0           0

114E 3  Chuck, clod, arm roast            4       2,216   399.00  425.50  421.67

114F 5  Chuck, clod tender (IM)           5       5,577   383.60  445.00  400.59

115  1  Chuck, 2-piece, boneless          0           0

116A 3  Chuck, roll, lxl, neck/off       14      81,709   313.50  355.00  322.60

116B 1  Chuck, chuck tender (IM)         13      72,515   298.00  333.50  312.31

     3  Chuck roll, retail ready

120  1  Brisket, deckle-off, bnls        10      28,622   310.00  326.25  312.50

120A 3  Brisket, point/off, bnls

123A 3  Short Plate, short rib            3       2,770   562.00  575.00  572.46

130  4  Chuck, short rib                  7       9,234   340.00  390.50  352.41

160  1  Round, bone-in

161  1  Round, boneless

     3  Round, bnls/peeled heel-out       0           0

167A 4  Round, knuckle, peeled           23     132,545   311.20  328.20  321.15

168  1  Round, top inside round          11      44,081   280.20  298.60  284.65

168  3  Round, top inside round          15      86,786   282.70  305.00  291.64

169  5  Round, top inside, denuded

     3  Round, top inside, side off

170  1  Round, bottom gooseneck

171B 3  Round, outside round             30     114,017   270.18  300.00  282.42

171C 3  Round, eye of round (IM)         12      37,276   336.00  358.25  345.15

174  1  Loin, short loin, 2x3             0           0

174  3  Loin, short loin, 0x1            10      49,112   537.29  585.50  539.55

175  3  Loin, strip loin, 1x1

180  1  Loin, strip, bnls, heavy          0           0

     1  Loin, strip loin bnls. 1x1        8      20,714   468.00  499.75  481.50

180  3  Loin, strip, bnls, 0x1           24      60,151   527.00  566.25  534.88

184  1  Loin, top butt, bnls, heavy       6       7,807   331.93  350.00  343.97

184  3  Loin, top butt, boneless

185A 4  Loin, bottom sirloin, flap       18      81,722   393.00  437.45  414.29

185B 1  Loin, ball-tip, bnls, heavy       9      60,912   280.00  320.00  297.51

185C 1  Loin, sirloin, tri-tip (IM)       6       6,310   331.93  355.70  344.06

185D 4  Loin, tri-tip, pld (IM)          10      58,359   457.00  477.00  476.05

189A 4  Loin, tndrloin, trmd, heavy      11      25,353  1215.00 1325.00 1297.13

191A 4  Loin, butt tender, trimmed        0           0

193  4  Flank, flank steak (IM)           6       3,219   431.00  460.50  449.51

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

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       3,190   540.50  599.12  567.94

112A 3  Rib, ribeye, bnls, light          4      36,451   615.70  671.00  669.19

112A 3  Rib, ribeye, bnls, heavy          6      14,912   600.50  630.00  618.43

113C 1  Chuck, semi-bnls, neck/off        3      22,914   265.00  272.18  265.69

114  1  Chuck, shoulder clod              6      54,996   275.00  295.40  279.37

114A 3  Chuck, shoulder clod, trmd        3       6,671   284.00  310.40  293.76

114D 3  Chuck, clod, top blade            0           0

114E 3  Chuck, clod, arm roast            0           0

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

115  1  Chuck, 2-piece, boneless

116A 3  Chuck, roll, lxl, neck/off       13     106,052   305.00  340.00  316.89

116B 1  Chuck, chuck tender (IM)          4      10,105   298.00  320.00  313.82

     3  Chuck roll, retail ready          0           0

120  1  Brisket, deckle-off, bnls

120A 3  Brisket, point/off, bnls

123A 3  Short Plate, short rib

130  4  Chuck, short rib

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      24,799   281.40  290.00  282.87

168  3  Round, top inside round           7      55,795   284.00  296.00  288.65

169  5  Round, top inside, denuded

     3  Round, top inside, side off       0           0

170  1  Round, bottom gooseneck

171B 3  Round, outside round             10     168,111   275.00  308.00  276.93

171C 3  Round, eye of round (IM)          7      21,262   340.00  357.45  343.79

174  1  Loin, short loin, 2x3             0           0

174  3  Loin, short loin, 0x1             3       1,718   439.12  485.00  458.97

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            8      19,594   430.00  490.50  457.71

184  1  Loin, top butt, bnls, heavy

184  3  Loin, top butt, boneless          5       6,009   330.00  341.00  333.54

185A 4  Loin, bottom sirloin, flap        6      56,948   392.62  431.00  399.34

185B 1  Loin, ball-tip, bnls, heavy       3       5,925   300.41  305.21  300.61

185C 1  Loin, sirloin, tri-tip (IM)       7      13,955   334.00  355.00  348.40

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

189A 4  Loin, tndrloin, trmd, heavy       4       1,107  1191.00 1220.00 1207.05

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

124  4  Rib, Back Ribs, Frozen

121D 4  Plate, Inside Skirt (IM)         15      44,687   377.00  416.00  393.43

121C 4  Plate, Outside Skirt (IM)        11      26,141   560.00  592.00  568.86

121E 6  Outside Skirt, pld (IM)           5      10,101   800.00  850.00  835.14

        Cap, Wedge Meat & (IM) Lean      13      27,929   364.52  382.68  367.80

        Pectoral Meat                     9      82,904   353.98  400.00  360.72

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

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

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

Ground Beef 73%                           8      81,447   233.00  246.00  238.86

Ground Beef 75%                           0           0

Ground Beef 81%                          12     176,597   250.86  283.17  264.13

Ground Beef 85%                           0           0

Ground Beef 90%

Ground Beef 93%

Ground Beef Chuck 80%                     8      66,721   277.00  295.00  285.53

Ground Beef Round 85%

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%                   7      39,320   264.58  286.05  271.27

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                 15     433,766   109.00  121.42  115.14

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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