Cutter Cow Cutout & Boxed Cow Beef Cuts - Morning

LM_XB404
Des Moines, IA                 Fri, May 11, 2012                USDA Market News

NATIONAL 5-DAY ROLLING CUTTER COW CUTOUT AND BOXED COW BEEF CUTS
USDA ESTIMATE CUTTER COW CARCASS CUT-OUT VALUE - Negotiated Sales - Morning

Based on negotiated prices and volume of cow cuts delivered within 0-21 days
and on average industry cutting yields.  Values reflect U.S. dollars per 100
pounds.

                                   Cutter 90%
                                    350#/up
--------------------------------------------------------------------------------
Current-Cutout Value:               $179.01
Change from prior day:                $0.56
--------------------------------------------------------------------------------
Item                                          Price          Value        Change
90% lean                                    $228.93        $127.83         $0.22
100% lean inside round                      $285.47          $6.62         $0.03
100% lean, flats and eyes                   $274.74          $6.37         
100% lean, S.P.B.                           $258.59         $12.93         $0.01
Chuck Tender                                $237.64          $2.38         
Knuckle                   4-7 lbs.          $243.21          $6.15         $0.02
Tenderloin                2-3 lbs.          $449.56          $2.38         
Tenderloin                3-4 lbs.          $488.51          $3.62         $0.02
Ribeye Roll               4-6 lbs.          $259.52          $2.73         $0.23
Ribeye Roll               6-8 lbs.          $252.27          $1.87         $0.01
Ribeye Roll               8up lbs.          $253.19          $1.85         $0.02
Flank Steak                                 $277.66          $1.17         
Kidney, Edible                               $37.14          $0.17         
Fat, inedible                                $32.33          $0.75         
Bone                                          $9.12          $2.19         
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USDA NATIONAL BOXED COW BEEF CUTS - NEGOTIATED SALES   FOB Plant basis
negotiated sales for delivery within 0-21 day period.

CURRENT VOLUME - (one load equals 40,000 pounds)

Boner/Breaker Cuts                 38.78  loads --            1,551,253  pounds
Cutter/Canner Cuts                  3.25  loads --              129,847  pounds
Boner/Breaker/Cutter/Canner        21.84  loads --              873,620  pounds
100% Lean Items                    38.78  loads --            1,551,016  pounds
Frozen Cuts                         4.56  loads --              182,335  pounds
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IMPS      Sub-Primal                       # of    Total   Weighted  Change from
                                          Trades   Pounds  Average   Prior Day
--------------------------------------------------------------------------------
BONER/BREAKER
112   Rib, ribeye roll, 6-8 lbs.              11   32,697   $259.29     ($9.49)
112   Rib, ribeye roll, 8-10 lbs.             38  132,876   $269.26       $0.78
112   Rib, ribeye roll, 10-up lbs.            44  110,828   $275.45       $1.28
112A  Rib, ribeye roll-lip-on, 8-dn lbs.      49   76,927   $356.74       $7.19
112A  Rib, ribeye roll-lip-on, 8-up lbs.      13   25,799   $300.52    ($38.58)
      Chuck, boneless 85%                     18  205,326   $222.54     ($0.94)
120   Chuck, brisket                          26   25,114   $194.10     ($7.34)
168   Round, top inside, 10-dn lbs.            4    8,749   $204.70       
168   Round, top inside, 10-up lbs.           25   62,123   $210.08       $0.08
169A  Round, top inside c-off, 8-10 lbs.                
169A  Round, top inside c-off, 10-14 lbs.     48  372,749   $259.19       $0.05
169A  Round, top inside c-off, 14-up lbs.     18  103,360   $258.93     ($0.63)
171B  Round, outside round                    10   68,745   $225.97       $0.42
171C  Round, eye of round                     29   58,856   $230.25       $0.49
      Loin, Semi-Bnls Short Loin, 13-dn lbs.            
      Loin, Semi-Bnls Short Loin, 13-up lbs.
180   Loin, strip, bnls, 7-9 lbs.
180   Loin, strip, bnls, 9-up lbs.             8   30,104   $214.54     ($0.26)
182   Loin, sirloin butt                                
184   Loin, top sirloin butt                  28   90,552   $224.01       $0.17
185A  Loin, bottom sirloin butt flap, bnls.   29  143,925   $249.29     ($1.46)
191A  Loin, butt tender, peeled
CUTTER/CANNER
112   Rib, ribeye roll, 4-6 lbs.                        
112   Rib, ribeye roll, 6-8 lbs.              35   92,824   $255.86       $0.61
112   Rib, ribeye roll, 8-up lbs.             15   37,023   $259.51       $6.86
100% LEAN
      Inside round - Combo                    29  297,232   $285.19       $1.66
      Inside round - Boxed                    40   39,286   $287.62       $0.55
      Outside round                            5   32,120   $279.78       $5.15
      Eye of round                            12   18,696   $275.38     ($1.89)
      Flats and eyes - Combo                  27  403,359   $274.30       $0.07
      Flats and eyes - Boxed                            
      Striploin                               50  237,936   $283.69     ($1.36)
      S.P.B. - Combo                          47  522,387   $258.59       $0.18
      S.P.B. - Boxed                                    
BONER/BREAKER & CUTTER/CANNER
116B  Chuck, chuck tender                     31   78,054   $237.64       $0.07
167A  Round, knuckle, peeled                  56  269,618   $243.21       $0.82
190   Loin, tenderloin, 2-3 lbs.              17   25,534   $449.56       $0.17
190   Loin, tenderloin, 3-4 lbs.              38   62,284   $488.51       $1.87
190   Loin, tenderloin, 4-5 lbs.              96  158,989   $555.04       $5.80
190   Loin, tenderloin, 5-up lbs.             39   46,410   $531.60      $12.49
193   Flank, flank steak                      89  135,255   $277.85     ($0.31)
      Flank, rough                            64   97,476   $237.02       $3.24
FROZEN BONER/BREAKER
112   Rib, ribeye roll, 6-8 lbs.               5    3,502   $259.03     ($0.63)
112   Rib, ribeye roll, 8-10 lbs.                       
112   Rib, ribeye roll, 10-up lbs.             3    7,002   $300.97
112A  Rib, ribeye roll-lip-on, 8-dn lbs.
112A  Rib, ribeye roll-lip-on, 8-up lbs.                
169A  Round, top inside c-off, 8-10 lbs.
169A  Round, top inside c-off, 10-14 lbs.               
169A  Round, top inside c-off, 14-up lbs.
180   Loin, strip, bnls, 7-9 lbs.
180   Loin, strip, bnls, 9-up lbs.                      
FROZEN CUTTER/CANNER
112   Rib, ribeye roll, 4-6 lbs.               3   26,346   $259.52
112   Rib, ribeye roll, 6-8 lbs.               5   43,055   $244.52     ($0.88)
112   Rib, ribeye roll, 8-up lbs.              3   24,940   $243.81       
FROZEN BONER/BREAKER & CUTTER/CANNER
190   Loin, tenderloin, 2-3 lbs.                        
190   Loin, tenderloin, 3-4 lbs.                        
190   Loin, tenderloin, 4-5 lbs.                        
190   Loin, tenderloin, 5-up lbs.
193   Flank, flank steak                       3    1,350   $258.67
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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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