Boxed Beef - Morning

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LM_XB402
Des Moines, IA                  Tue, Feb 04, 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:                          221.33         220.31
Change from prior day:                            1.24           0.89
--------------------------------------------------------------------------------
Choice/Select spread:                                    1.02

Total Load Count (Cuts, Trimmings, Grinds):                52
--------------------------------------------------------------------------------
COMPOSITE PRIMAL VALUES
 Primal Rib                                     299.20         291.49
 Primal Chuck                                   205.34         203.94
 Primal Round                                   221.33         221.64
 Primal Loin                                    259.19         260.97
 Primal Brisket                                 156.17         154.21
 Primal Short Plate                             144.67         144.67
 Primal Flank                                   112.94         110.52
--------------------------------------------------------------------------------
LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS
                                                CHOICE         SELECT
Date  Choice Select Trim Grinds Total           600-900        600-900
02/03    75    18    11    19    122            220.09         219.42
01/31    57    16     6    13     91            223.49         224.85
01/30    63    26    16    11    117            230.75         229.79
01/29    71    29     6    28    133            231.81         230.43
01/28    44    23    25    11    103            235.80         233.67
--------------------------------------------------------------------------------
Current 5 Day Simple Average:                   228.39         227.63
--------------------------------------------------------------------------------
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             30.48  loads          1,219,077  pounds
 Select Cuts              9.83  loads            393,149  pounds
 Trimmings                0.00  loads                  0  pounds
 Ground Beef             11.22  loads            448,771  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        9      33,693   520.73  580.58  567.33
112A 3  Rib, ribeye, bnls, light          3       4,646   590.00  610.00  598.46
112A 3  Rib, ribeye, bnls, heavy         22      54,807   557.00  619.00  571.35
113C 1  Chuck, semi-bnls, neck/off
114  1  Chuck, shoulder clod              3       4,893   271.00  280.00  272.27
114A 3  Chuck, shoulder clod, trmd       12      40,922   289.00  311.76  293.54
114D 3  Chuck, clod, top blade            7       3,508   308.75  335.00  319.42
114E 3  Chuck, clod, arm roast
114F 5  Chuck, clod tender (IM)
115  1  Chuck, 2-piece, boneless
116A 3  Chuck, roll, lxl, neck/off       18      73,652   285.00  329.90  301.40
116B 1  Chuck, chuck tender (IM)         15      29,430   291.76  317.00  305.48
     3  Chuck roll, retail ready
120  1  Brisket, deckle-off, bnls        15      80,907   225.00  243.00  231.16
120A 3  Brisket, point/off, bnls         10       9,814   409.00  450.00  414.41
123A 3  Short Plate, short rib           10      63,840   417.42  495.00  442.83
130  4  Chuck, short rib                  8      12,924   324.75  350.00  331.13
160  1  Round, bone-in
161  1  Round, boneless
     3  Round, bnls/peeled heel-out
167A 4  Round, knuckle, peeled           12      24,529   312.50  325.90  318.46
168  1  Round, top inside round           9      46,814   237.21  255.00  241.83
168  3  Round, top inside round           6      48,732   251.00  267.00  255.57
169  5  Round, top inside, denuded        8      10,514   277.00  315.90  297.28
     3  Round, top inside, side off       0           0
170  1  Round, bottom gooseneck
171B 3  Round, outside round             12     144,229   293.00  312.19  300.43
171C 3  Round, eye of round (IM)         14      35,820   305.00  340.00  314.53
174  1  Loin, short loin, 2x3
174  3  Loin, short loin, 0x1            21      48,569   447.55  491.00  462.89
175  3  Loin, strip loin, 1x1
180  1  Loin, strip, bnls, heavy          0           0
     1  Loin, strip loin bnls. 1x1        9      10,220   450.00  455.00  454.83
180  3  Loin, strip, bnls, 0x1           19      70,941   478.00  543.00  497.29
184  1  Loin, top butt, bnls, heavy       6      11,353   280.00  305.19  286.07
184  3  Loin, top butt, boneless          8      28,788   278.00  323.50  286.56
185A 4  Loin, bottom sirloin, flap       12      30,744   420.00  460.00  437.80
185B 1  Loin, ball-tip, bnls, heavy       8       9,433   270.00  318.00  279.88
185C 1  Loin, sirloin, tri-tip (IM)      15      36,174   310.00  342.00  314.41
185D 4  Loin, tri-tip, pld (IM)           3       1,493   432.00  458.00  434.37
189A 4  Loin, tndrloin, trmd, heavy      16      62,826   988.00 1123.00 1002.27
191A 4  Loin, butt tender, trimmed
193  4  Flank, flank steak (IM)           5       1,608   410.73  440.00  415.87
--------------------------------------------------------------------------------
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       2,070   534.00  555.00  540.08
112A 3  Rib, ribeye, bnls, light          3       7,669   580.00  590.00  588.19
112A 3  Rib, ribeye, bnls, heavy          8       3,102   577.00  602.00  591.33
113C 1  Chuck, semi-bnls, neck/off
114  1  Chuck, shoulder clod
114A 3  Chuck, shoulder clod, trmd        4      11,297   292.75  304.76  292.92
114D 3  Chuck, clod, top blade
114E 3  Chuck, clod, arm roast            0           0
114F 5  Chuck, clod tender (IM)           4       2,395   315.00  351.50  320.12
115  1  Chuck, 2-piece, boneless
116A 3  Chuck, roll, lxl, neck/off       16     110,997   282.00  335.75  300.31
116B 1  Chuck, chuck tender (IM)          3       2,356   291.76  310.00  304.60
     3  Chuck roll, retail ready          0           0
120  1  Brisket, deckle-off, bnls        10      25,849   222.00  243.00  227.77
120A 3  Brisket, point/off, bnls
123A 3  Short Plate, short rib
130  4  Chuck, short rib                  3       7,180   325.00  325.00  325.00
160  1  Round, bone-in                    0           0
161  1  Round, boneless                   3       1,961   259.50  264.00  261.14
     3  Round, bnls/peeled heel-out       0           0
167A 4  Round, knuckle, peeled            4       7,543   312.87  320.00  314.23
168  1  Round, top inside round           3      15,911   244.00  260.90  246.39
168  3  Round, top inside round           5       5,957   259.75  281.50  263.14
169  5  Round, top inside, denuded
     3  Round, top inside, side off
170  1  Round, bottom gooseneck
171B 3  Round, outside round              3       4,589   305.54  320.00  310.23
171C 3  Round, eye of round (IM)          8      25,739   310.13  335.00  314.89
174  1  Loin, short loin, 2x3             0           0
174  3  Loin, short loin, 0x1            10       6,871   470.54  510.00  496.65
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            6       2,684   472.55  535.00  495.50
184  1  Loin, top butt, bnls, heavy
184  3  Loin, top butt, boneless          4       6,799   287.00  320.00  316.69
185A 4  Loin, bottom sirloin, flap (IM)
185B 1  Loin, ball-tip, bnls, heavy
185C 1  Loin, sirloin, tri-tip (IM)
185D 4  Loin, tri-tip, pld (IM)
189A 4  Loin, tndrloin, trmd, heavy       8       9,584   985.00 1010.00  996.10
191A 4  Loin, butt tender, trimmed
193  4  Flank, flank steak (IM)           4       5,798   398.00  440.00  404.87
--------------------------------------------------------------------------------
CHOICE, SELECT & UNGRADED CUTS   Fat Limitations 1-6  (IM) = Individual Muscle
--------------------------------------------------------------------------------
124  4  Rib, Back Ribs, Fresh
124  4  Rib, Back Ribs, Frozen            3       7,575   104.00  110.00  108.38
121D 4  Plate, Inside Skirt (IM)          7      34,422   345.00  380.00  353.77
121C 4  Plate, Outside Skirt (IM)         6      16,655   415.00  474.50  458.32
121E 6  Outside Skirt, pld (IM)           4       4,234   552.05  610.00  594.12
        Cap, Wedge Meat & (IM) Lean      17      92,533   264.00  307.00  284.25
        Pectoral Meat                    12      40,950   280.26  310.00  285.86
--------------------------------------------------------------------------------
GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind
--------------------------------------------------------------------------------
Ground Beef 73%                          16     143,423   170.75  239.22  185.15
Ground Beef 75%                           0           0
Ground Beef 81%                           5      17,820   228.00  294.04  263.50
Ground Beef 85%
Ground Beef 90%
Ground Beef 93%                           0           0
Ground Beef Chuck 80%                    13     147,692   225.31  293.00  249.76
Ground Beef Round 85%                     4       4,005   304.00  333.14  320.04
Ground Beef Sirloin 90%                   0           0
--------------------------------------------------------------------------------
BLENDED GB - STEER/HEIFER/COW SOURCE - 10 Pound Chub Basis - Coarse & Fine Grind
--------------------------------------------------------------------------------
Blended Ground Beef 73%                   0           0
Blended Ground Beef 75%                   0           0
Blended Ground Beef 81%                   4       7,040   242.25  251.20  246.02
Blended Ground Beef 85%
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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