Advice and Tips

Boxed Beef - Morning

LM_XB402

Des Moines, IA                  Mon, Nov 10, 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:                          250.37         239.89

Change from prior day:                            1.26           1.82

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

Choice/Select spread:                                   10.47



Total Load Count (Cuts, Trimmings, Grinds):                62

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

COMPOSITE PRIMAL VALUES

 Primal Rib                                     370.94         333.08

 Primal Chuck                                   222.83         220.93

 Primal Round                                   229.11         227.05

 Primal Loin                                    302.51         279.68

 Primal Brisket                                 204.93         200.88

 Primal Short Plate                             173.49         173.49

 Primal Flank                                   121.36         118.96

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

LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS

                                                CHOICE         SELECT

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

11/07    63    31    13    24    131            249.11         238.07

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

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

Current 5 Day Simple Average:                   250.35         238.27

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

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             26.49  loads          1,059,634  pounds

 Select Cuts             16.70  loads            668,196  pounds

 Trimmings                6.20  loads            248,040  pounds

 Ground Beef             12.55  loads            502,148  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      26,501   693.00  733.00  725.25

112A 3  Rib, ribeye, bnls, light

112A 3  Rib, ribeye, bnls, heavy          6      13,032   760.00  839.00  780.34

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

114  1  Chuck, shoulder clod              3       5,590   285.00  290.00  288.66

114A 3  Chuck, shoulder clod, trmd        8      18,131   285.00  305.01  296.64

114D 3  Chuck, clod, top blade

114E 3  Chuck, clod, arm roast            5      34,790   394.00  425.00  406.86

114F 5  Chuck, clod tender (IM)           5       3,259   382.28  400.00  397.63

115  1  Chuck, 2-piece, boneless

116A 3  Chuck, roll, lxl, neck/off       11      24,134   310.00  355.00  328.75

116B 1  Chuck, chuck tender (IM)          7      39,860   306.45  338.00  320.67

     3  Chuck roll, retail ready          0           0

120  1  Brisket, deckle-off, bnls        13      52,333   309.00  324.00  314.28

120A 3  Brisket, point/off, bnls          3       1,618   548.54  550.00  549.80

123A 3  Short Plate, short rib           17      32,426   550.00  596.25  573.15

130  4  Chuck, short rib                 11      12,357   344.00  390.00  370.14

160  1  Round, bone-in

161  1  Round, boneless

     3  Round, bnls/peeled heel-out

167A 4  Round, knuckle, peeled           13      24,871   318.00  330.50  323.81

168  1  Round, top inside round          14      73,260   277.00  288.22  281.12

168  3  Round, top inside round          20     206,975   277.00  310.00  289.41

169  5  Round, top inside, denuded        5       6,414   340.00  350.00  342.78

     3  Round, top inside, side off

170  1  Round, bottom gooseneck

171B 3  Round, outside round             23     135,083   274.95  315.20  283.03

171C 3  Round, eye of round (IM)          8       7,864   350.00  365.00  354.79

174  1  Loin, short loin, 2x3             0           0

174  3  Loin, short loin, 0x1             5      42,232   538.19  558.00  549.97

175  3  Loin, strip loin, 1x1

180  1  Loin, strip, bnls, heavy

     1  Loin, strip loin bnls. 1x1        8       9,713   483.00  506.00  483.30

180  3  Loin, strip, bnls, 0x1           12      15,566   540.00  561.25  545.19

184  1  Loin, top butt, bnls, heavy

184  3  Loin, top butt, boneless          6      25,660   349.16  365.50  357.29

185A 4  Loin, bottom sirloin, flap       13      19,972   410.00  425.00  411.42

185B 1  Loin, ball-tip, bnls, heavy       5      16,496   320.00  340.50  321.00

185C 1  Loin, sirloin, tri-tip (IM)       8      17,686   324.79  351.16  334.93

185D 4  Loin, tri-tip, pld (IM)           5      11,752   457.00  477.00  473.79

189A 4  Loin, tndrloin, trmd, heavy       6      15,536  1215.00 1411.25 1266.91

191A 4  Loin, butt tender, trimmed

193  4  Flank, flank steak (IM)           9       7,221   432.24  460.00  451.05

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

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       2,613   521.74  635.25  554.32

112A 3  Rib, ribeye, bnls, light

112A 3  Rib, ribeye, bnls, heavy          6      11,661   589.60  670.00  597.10

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

114  1  Chuck, shoulder clod

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)           4       4,919   380.00  380.00  380.00

115  1  Chuck, 2-piece, boneless

116A 3  Chuck, roll, lxl, neck/off       10      69,176   310.27  345.00  315.35

116B 1  Chuck, chuck tender (IM)          5      36,741   310.00  330.00  314.37

     3  Chuck roll, retail ready

120  1  Brisket, deckle-off, bnls

120A 3  Brisket, point/off, bnls

123A 3  Short Plate, short rib            3       5,950   520.00  576.00  548.19

130  4  Chuck, short rib

160  1  Round, bone-in                    0           0

161  1  Round, boneless

     3  Round, bnls/peeled heel-out

167A 4  Round, knuckle, peeled

168  1  Round, top inside round

168  3  Round, top inside round           5       6,118   285.27  296.00  293.06

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      25,259   279.00  310.00  285.23

171C 3  Round, eye of round (IM)          5      12,439   336.00  354.25  347.78

174  1  Loin, short loin, 2x3

174  3  Loin, short loin, 0x1             5       4,832   440.00  495.00  480.95

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           10      40,815   423.66  475.00  441.64

184  1  Loin, top butt, bnls, heavy       3      16,231   298.96  313.00  301.93

184  3  Loin, top butt, boneless

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

185B 1  Loin, ball-tip, bnls, heavy      11      26,676   299.48  310.00  304.16

185C 1  Loin, sirloin, tri-tip (IM)       5       4,148   324.79  340.00  330.65

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

189A 4  Loin, tndrloin, trmd, heavy       0           0

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            3       3,326   117.00  117.00  117.00

121D 4  Plate, Inside Skirt (IM)         21      92,568   363.73  425.00  395.26

121C 4  Plate, Outside Skirt (IM)        14      24,089   550.50  611.00  565.89

121E 6  Outside Skirt, pld (IM)           7      12,220   805.00  855.00  830.04

        Cap, Wedge Meat & (IM) Lean      12      20,686   360.00  380.00  368.77

        Pectoral Meat                     8      12,243   375.34  400.00  385.96

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

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

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

Ground Beef 73%                          18     194,339   216.73  258.00  239.20

Ground Beef 75%

Ground Beef 81%                           6      38,615   250.00  279.00  266.48

Ground Beef 85%                           0           0

Ground Beef 90%                           0           0

Ground Beef 93%                           0           0

Ground Beef Chuck 80%                     8      43,497   278.00  295.00  288.76

Ground Beef Round 85%                     3      11,240   319.00  320.61  320.53

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%                   8      84,400   262.09  295.00  287.22

Blended Ground Beef 85%

Blended Ground Beef 90%                   0           0

Blended Ground Beef 93%

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                  0           0

Frozen 50% lean trimmings

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

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

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