Boxed Beef - Morning

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LM_XB402
Des Moines, IA                  Mon, Sep 30, 2013               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:                          193.63         177.37
Change from prior day:                            1.00           1.22
--------------------------------------------------------------------------------
Choice/Select spread:                                   16.26

Total Load Count (Cuts, Trimmings, Grinds):                88
--------------------------------------------------------------------------------
COMPOSITE PRIMAL VALUES
 Primal Rib                                     307.92         260.68
 Primal Chuck                                   161.63         158.29
 Primal Round                                   168.68         166.71
 Primal Loin                                    251.36         206.04
 Primal Brisket                                 132.72         129.99
 Primal Short Plate                             134.59         139.36
 Primal Flank                                   109.61         106.75
--------------------------------------------------------------------------------
LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS
                                                CHOICE         SELECT
Date  Choice Select Trim Grinds Total           600-900        600-900
09/27    75    30     9    32    147            192.63         176.15
09/26    66    70    24    27    187            193.60         177.05
09/25    90    72    33    40    235            193.59         177.47
09/24    46    46    11    16    119            193.77         177.05
09/23    55    60    32    15    162            193.55         176.79
--------------------------------------------------------------------------------
Current 5 Day Simple Average:                   193.43         176.90
--------------------------------------------------------------------------------
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             45.81  loads          1,832,555  pounds
 Select Cuts             15.27  loads            610,631  pounds
 Trimmings               14.74  loads            589,712  pounds
 Ground Beef             11.76  loads            470,465  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       14      54,783   576.00  617.28  586.74
112A 3  Rib, ribeye, bnls, light         13      19,836   665.00  687.00  671.30
112A 3  Rib, ribeye, bnls, heavy         19      40,215   660.00  684.73  664.12
113C 1  Chuck, semi-bnls, neck/off        3      23,679   212.00  215.00  212.53
114  1  Chuck, shoulder clod              3      26,128   195.00  198.04  197.17
114A 3  Chuck, shoulder clod, trmd
114D 3  Chuck, clod, top blade            6       4,539   244.00  264.00  249.48
114E 3  Chuck, clod, arm roast           15      34,350   227.85  245.00  231.40
114F 5  Chuck, clod tender (IM)          13      13,353   375.00  386.00  376.63
115  1  Chuck, 2-piece, boneless
116A 3  Chuck, roll, lxl, neck/off       16     309,179   255.80  272.00  266.92
116B 1  Chuck, chuck tender (IM)          5      11,598   227.00  238.00  230.92
     3  Chuck roll, retail ready
120  1  Brisket, deckle-off, bnls        23      82,918   189.00  210.00  193.58
120A 3  Brisket, point/off, bnls          4       4,108   354.28  378.00  369.72
123A 3  Short Plate, short rib           15      15,497   439.00  476.00  445.61
130  4  Chuck, short rib                 15      22,774   317.85  363.00  330.15
160  1  Round, bone-in                    0           0
161  1  Round, boneless
     3  Round, bnls/peeled heel-out
167A 4  Round, knuckle, peeled           21      84,777   235.00  248.00  238.91
168  1  Round, top inside round           8       8,759   199.50  212.28  206.79
168  3  Round, top inside round           7      27,313   206.74  227.00  218.46
169  5  Round, top inside, denuded       10      62,045   238.98  253.00  240.74
     3  Round, top inside, side off       0           0
170  1  Round, bottom gooseneck
171B 3  Round, outside round             17      89,772   219.00  244.01  235.30
171C 3  Round, eye of round (IM)         18      39,193   233.98  254.00  240.15
174  1  Loin, short loin, 2x3             0           0
174  3  Loin, short loin, 0x1            24     404,790   479.85  504.73  498.46
175  3  Loin, strip loin, 1x1
180  1  Loin, strip, bnls, heavy          0           0
     1  Loin, strip loin bnls. 1x1        4       5,328   415.00  425.00  420.61
180  3  Loin, strip, bnls, 0x1           25      46,185   476.74  515.00  497.48
184  1  Loin, top butt, bnls, heavy       7       8,004   285.00  297.28  287.39
184  3  Loin, top butt, boneless         16     105,398   302.00  334.50  312.44
185A 4  Loin, bottom sirloin, flap       11      21,927   370.89  400.00  373.52
185B 1  Loin, ball-tip, bnls, heavy       9      13,157   207.75  226.28  222.23
185C 1  Loin, sirloin, tri-tip (IM)       7       6,304   248.34  275.00  253.15
185D 4  Loin, tri-tip, pld (IM)           9      17,546   360.00  371.00  360.34
189A 4  Loin, tndrloin, trmd, heavy      13      31,101  1001.00 1044.00 1012.67
191A 4  Loin, butt tender, trimmed        3       2,000   896.94  990.00  899.53
193  4  Flank, flank steak (IM)           6       4,998   435.00  463.00  439.56
--------------------------------------------------------------------------------
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      16,942   455.00  487.28  457.52
112A 3  Rib, ribeye, bnls, light          7       6,819   521.00  575.00  544.11
112A 3  Rib, ribeye, bnls, heavy         13      19,169   515.00  541.28  523.78
113C 1  Chuck, semi-bnls, neck/off
114  1  Chuck, shoulder clod              0           0
114A 3  Chuck, shoulder clod, trmd        7      37,541   204.00  210.00  205.15
114D 3  Chuck, clod, top blade            0           0
114E 3  Chuck, clod, arm roast
114F 5  Chuck, clod tender (IM)           6       3,857   290.00  300.00  297.94
115  1  Chuck, 2-piece, boneless
116A 3  Chuck, roll, lxl, neck/off       18      94,162   242.00  261.00  250.94
116B 1  Chuck, chuck tender (IM)          3       8,392   227.00  238.00  235.71
     3  Chuck roll, retail ready          0           0
120  1  Brisket, deckle-off, bnls         6      24,409   189.00  205.00  192.95
120A 3  Brisket, point/off, bnls          0           0
123A 3  Short Plate, short rib
130  4  Chuck, short rib                  5      10,316   316.96  329.00  321.09
160  1  Round, bone-in                    0           0
161  1  Round, boneless
     3  Round, bnls/peeled heel-out       0           0
167A 4  Round, knuckle, peeled            9      26,113   231.79  243.00  236.20
168  1  Round, top inside round
168  3  Round, top inside round           7      10,818   208.00  220.00  212.28
169  5  Round, top inside, denuded        0           0
     3  Round, top inside, side off       0           0
170  1  Round, bottom gooseneck           0           0
171B 3  Round, outside round              6      33,833   219.00  238.00  228.02
171C 3  Round, eye of round (IM)          7      12,597   229.96  240.00  232.50
174  1  Loin, short loin, 2x3             0           0
174  3  Loin, short loin, 0x1             5       5,113   387.81  410.00  401.83
175  3  Loin, strip loin, 1x1             0           0
180  1  Loin, strip, bnls, heavy          0           0
     1  Loin, strip loin bnls. 1x1        0           0
180  3  Loin, strip, bnls, 0x1           11      79,069   340.00  385.00  358.47
184  1  Loin, top butt, bnls, heavy       3      29,564   227.00  231.50  228.49
184  3  Loin, top butt, boneless          9      25,710   220.00  250.00  234.73
185A 4  Loin, bottom sirloin, flap        9      31,842   360.00  394.71  367.56
185B 1  Loin, ball-tip, bnls, heavy      10      27,852   198.00  227.00  202.76
185C 1  Loin, sirloin, tri-tip (IM)
185D 4  Loin, tri-tip, pld (IM)           0           0
189A 4  Loin, tndrloin, trmd, heavy       8      12,853   800.00  837.28  806.69
191A 4  Loin, butt tender, trimmed
193  4  Flank, flank steak (IM)          10      31,735   400.00  450.00  405.97
--------------------------------------------------------------------------------
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       2,228    76.00  105.55   89.49
121D 4  Plate, Inside Skirt (IM)         14      43,097   315.00  360.00  325.14
121C 4  Plate, Outside Skirt (IM)         7       8,313   392.00  496.00  434.04
121E 6  Outside Skirt, pld (IM)           3       8,361   488.00  488.00  488.00
        Cap, Wedge Meat & (IM) Lean      14      63,394   239.00  266.00  250.03
        Pectoral Meat                     9      15,785   243.85  275.30  248.40
--------------------------------------------------------------------------------
GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind
--------------------------------------------------------------------------------
Ground Beef 73%                          15     251,225   135.00  169.00  145.93
Ground Beef 75%                           0           0
Ground Beef 81%                          13      81,768   170.00  190.28  173.62
Ground Beef 85%                           0           0
Ground Beef 90%                           0           0
Ground Beef 93%
Ground Beef Chuck 80%                     6     106,117   173.57  194.00  180.82
Ground Beef Round 85%                     5       7,823   211.00  215.05  214.69
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      13,113   182.00  199.83  188.30
Blended Ground Beef 85%
Blended Ground Beef 90%
Blended Ground Beef 93%
Blended Ground Beef Chuck 80%             0           0
Blended Ground Beef Round 85%             0           0
Blended Ground Beef Sirloin 90%           0           0
--------------------------------------------------------------------------------
BEEF TRIMMINGS - STEER/HEIFER SOURCE - Fresh Combos & Frozen Boxed
--------------------------------------------------------------------------------
Fresh 50% lean trimmings                 15     427,612    86.00   92.00   89.34
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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