Markets

Boxed Beef - Morning

LM_XB402

Des Moines, IA                  Fri, Nov 21, 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:                          255.65         243.33

Change from prior day:                            0.26           0.34

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

Choice/Select spread:                                   12.32



Total Load Count (Cuts, Trimmings, Grinds):                47

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

COMPOSITE PRIMAL VALUES

 Primal Rib                                     396.12         334.74

 Primal Chuck                                   221.39         222.73

 Primal Round                                   238.84         239.13

 Primal Loin                                    302.15         275.46

 Primal Brisket                                 209.99         209.26

 Primal Short Plate                             178.95         178.95

 Primal Flank                                   124.14         122.13

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

LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS

                                                CHOICE         SELECT

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

11/20    72    26    13    28    138            255.39         242.99

11/19    95    40    13    30    177            254.79         242.05

11/18    57    31    42    35    164            254.29         241.26

11/17    56    29    16    44    145            254.27         240.03

11/14    89    63    15    25    191            252.16         238.29

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

Current 5 Day Simple Average:                   254.18         240.92

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

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             23.06  loads            922,570  pounds

 Select Cuts             10.82  loads            432,811  pounds

 Trimmings                0.00  loads                  0  pounds

 Ground Beef             12.89  loads            515,505  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       13      12,577   742.35  795.00  772.86

112A 3  Rib, ribeye, bnls, light          4      13,813   832.27  880.00  870.21

112A 3  Rib, ribeye, bnls, heavy         13      19,035   781.00  869.65  816.54

113C 1  Chuck, semi-bnls, neck/off

114  1  Chuck, shoulder clod              8      18,255   273.93  291.25  276.06

114A 3  Chuck, shoulder clod, trmd       15     111,005   285.00  305.61  287.06

114D 3  Chuck, clod, top blade

114E 3  Chuck, clod, arm roast            3       7,922   382.35  415.00  390.46

114F 5  Chuck, clod tender (IM)           7       4,228   380.00  399.00  382.41

115  1  Chuck, 2-piece, boneless

116A 3  Chuck, roll, lxl, neck/off       19      53,490   320.00  351.00  331.94

116B 1  Chuck, chuck tender (IM)          3       9,615   322.00  330.00  323.47

     3  Chuck roll, retail ready

120  1  Brisket, deckle-off, bnls        14      37,995   311.00  330.00  321.58

120A 3  Brisket, point/off, bnls          7      11,253   550.00  550.00  550.00

123A 3  Short Plate, short rib            4      11,246   500.49  575.00  526.71

130  4  Chuck, short rib                  9       6,065   354.00  381.00  364.28

160  1  Round, bone-in

161  1  Round, boneless

     3  Round, bnls/peeled heel-out       0           0

167A 4  Round, knuckle, peeled           17      33,478   321.00  343.75  330.36

168  1  Round, top inside round          10      19,505   291.23  314.00  303.09

168  3  Round, top inside round          13      70,378   306.00  321.25  311.77

169  5  Round, top inside, denuded

     3  Round, top inside, side off       0           0

170  1  Round, bottom gooseneck

171B 3  Round, outside round             22      67,731   298.00  316.25  307.62

171C 3  Round, eye of round (IM)         12      18,462   340.00  370.00  351.87

174  1  Loin, short loin, 2x3

174  3  Loin, short loin, 0x1             8      47,803   533.50  570.00  538.78

175  3  Loin, strip loin, 1x1

180  1  Loin, strip, bnls, heavy          0           0

     1  Loin, strip loin bnls. 1x1        7       5,458   487.00  506.50  488.29

180  3  Loin, strip, bnls, 0x1           18      51,508   513.00  579.65  522.79

184  1  Loin, top butt, bnls, heavy       5       6,776   339.93  356.50  345.44

184  3  Loin, top butt, boneless          6      11,625   357.27  391.00  363.61

185A 4  Loin, bottom sirloin, flap       15      61,087   410.00  427.59  416.50

185B 1  Loin, ball-tip, bnls, heavy       7     109,046   306.00  324.80  307.38

185C 1  Loin, sirloin, tri-tip (IM)       5       2,129   333.65  365.50  342.35

185D 4  Loin, tri-tip, pld (IM)           7       2,986   459.25  477.00  468.02

189A 4  Loin, tndrloin, trmd, heavy       7       9,875  1200.00 1471.00 1300.01

191A 4  Loin, butt tender, trimmed

193  4  Flank, flank steak (IM)           7      19,971   444.00  460.75  455.96

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

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        8      40,328   585.00  630.31  605.07

112A 3  Rib, ribeye, bnls, light

112A 3  Rib, ribeye, bnls, heavy          9      30,231   624.43  732.00  641.73

113C 1  Chuck, semi-bnls, neck/off

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            0           0

114F 5  Chuck, clod tender (IM)           4       5,574   370.00  380.00  370.31

115  1  Chuck, 2-piece, boneless

116A 3  Chuck, roll, lxl, neck/off       11      55,323   324.00  343.00  329.54

116B 1  Chuck, chuck tender (IM)

     3  Chuck roll, retail ready          0           0

120  1  Brisket, deckle-off, bnls         3       3,452   317.73  321.51  319.13

120A 3  Brisket, point/off, bnls          0           0

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

168  3  Round, top inside round           7       8,125   305.00  316.00  310.85

169  5  Round, top inside, denuded

     3  Round, top inside, side off       0           0

170  1  Round, bottom gooseneck           4       2,507   277.17  306.68  290.21

171B 3  Round, outside round              6      14,755   296.00  313.00  301.15

171C 3  Round, eye of round (IM)

174  1  Loin, short loin, 2x3             0           0

174  3  Loin, short loin, 0x1             3      15,458   460.00  480.00  463.51

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           10       9,561   460.00  490.50  474.76

184  1  Loin, top butt, bnls, heavy

184  3  Loin, top butt, boneless

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

185B 1  Loin, ball-tip, bnls, heavy       6      21,725   288.15  310.51  297.25

185C 1  Loin, sirloin, tri-tip (IM)       7      25,236   321.00  350.00  330.05

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

189A 4  Loin, tndrloin, trmd, heavy       4      26,137  1102.58 1247.00 1109.76

191A 4  Loin, butt tender, trimmed        0           0

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

121D 4  Plate, Inside Skirt (IM)          5      13,368   401.74  442.00  413.31

121C 4  Plate, Outside Skirt (IM)        10      17,267   550.50  611.00  567.98

121E 6  Outside Skirt, pld (IM)

        Cap, Wedge Meat & (IM) Lean      20      95,804   360.00  381.50  362.30

        Pectoral Meat                     6       5,363   373.50  407.00  382.22

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

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

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

Ground Beef 73%                          11     244,468   225.86  246.00  227.53

Ground Beef 75%

Ground Beef 81%                          15      98,111   262.00  287.00  272.12

Ground Beef 85%

Ground Beef 90%                           0           0

Ground Beef 93%                           6      34,979   345.00  363.50  350.07

Ground Beef Chuck 80%                     7      60,646   280.00  308.00  290.82

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%                   0           0

Blended Ground Beef 81%                   6      27,500   264.00  271.69  264.49

Blended Ground Beef 85%                   0           0

Blended Ground Beef 90%                   0           0

Blended Ground Beef 93%                   0           0

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                  0           0

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

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