Boxed Beef - Morning

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LM_XB402
Des Moines, IA                  Tue, Mar 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:                          230.70         229.14
Change from prior day:                            1.58           1.33
--------------------------------------------------------------------------------
Choice/Select spread:                                    1.56

Total Load Count (Cuts, Trimmings, Grinds):                61
--------------------------------------------------------------------------------
COMPOSITE PRIMAL VALUES
 Primal Rib                                     299.19         292.78
 Primal Chuck                                   211.16         212.71
 Primal Round                                   225.36         226.78
 Primal Loin                                    284.41         275.83
 Primal Brisket                                 169.09         173.14
 Primal Short Plate                             151.25         151.24
 Primal Flank                                   121.40         122.04
--------------------------------------------------------------------------------
LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS
                                                CHOICE         SELECT
Date  Choice Select Trim Grinds Total           600-900        600-900
03/03    78    23     3    41    145            229.12         227.81
02/28    51    26     9    16    102            225.33         223.12
02/27    74    31     7    25    137            221.41         219.00
02/26   122    47     7    41    217            218.95         216.67
02/25    61    29     6    21    116            216.50         213.98
--------------------------------------------------------------------------------
Current 5 Day Simple Average:                   222.26         220.12
--------------------------------------------------------------------------------
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             27.60  loads          1,103,926  pounds
 Select Cuts             20.03  loads            801,367  pounds
 Trimmings                0.00  loads                  0  pounds
 Ground Beef             13.45  loads            538,197  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       15      30,862   510.00  601.00  532.89
112A 3  Rib, ribeye, bnls, light          5       2,776   570.00  650.00  625.74
112A 3  Rib, ribeye, bnls, heavy         18      31,685   564.00  645.00  576.93
113C 1  Chuck, semi-bnls, neck/off        3       6,348   258.00  264.50  262.16
114  1  Chuck, shoulder clod              7      24,673   245.00  289.74  267.57
114A 3  Chuck, shoulder clod, trmd       14      69,212   260.00  302.00  278.33
114D 3  Chuck, clod, top blade
114E 3  Chuck, clod, arm roast            3       7,699   362.00  425.00  423.40
114F 5  Chuck, clod tender (IM)           4       4,834   345.00  420.50  388.62
115  1  Chuck, 2-piece, boneless
116A 3  Chuck, roll, lxl, neck/off       23      85,735   266.23  315.00  296.39
116B 1  Chuck, chuck tender (IM)         23      46,634   307.81  337.00  327.70
     3  Chuck roll, retail ready
120  1  Brisket, deckle-off, bnls        17      30,406   238.00  270.00  254.05
120A 3  Brisket, point/off, bnls          6       1,120   416.00  434.00  420.76
123A 3  Short Plate, short rib            8      14,250   465.01  550.00  516.13
130  4  Chuck, short rib                  7      45,098   294.79  350.00  313.54
160  1  Round, bone-in
161  1  Round, boneless                   3       5,515   274.50  289.50  287.04
     3  Round, bnls/peeled heel-out
167A 4  Round, knuckle, peeled           26      53,101   290.00  327.00  309.49
168  1  Round, top inside round           6      19,811   285.00  306.28  286.84
168  3  Round, top inside round          17     143,923   279.68  312.00  295.63
169  5  Round, top inside, denuded        6      16,345   318.00  365.00  355.15
     3  Round, top inside, side off
170  1  Round, bottom gooseneck           4       9,558   271.00  284.00  282.09
171B 3  Round, outside round             31     195,967   270.00  321.17  293.41
171C 3  Round, eye of round (IM)         21      28,902   305.00  349.93  333.55
174  1  Loin, short loin, 2x3
174  3  Loin, short loin, 0x1            12       2,072   479.00  549.50  500.55
175  3  Loin, strip loin, 1x1             0           0
180  1  Loin, strip, bnls, heavy          0           0
     1  Loin, strip loin bnls. 1x1        5      14,593   492.00  541.50  505.51
180  3  Loin, strip, bnls, 0x1           11       5,532   541.00  611.00  593.25
184  1  Loin, top butt, bnls, heavy       4       2,507   282.00  314.74  291.47
184  3  Loin, top butt, boneless         12       7,804   310.00  373.00  330.17
185A 4  Loin, bottom sirloin, flap        8      10,055   415.00  476.00  450.83
185B 1  Loin, ball-tip, bnls, heavy      15      19,659   330.00  380.00  357.61
185C 1  Loin, sirloin, tri-tip (IM)       9      13,831   330.00  377.00  337.81
185D 4  Loin, tri-tip, pld (IM)           8       4,137   447.00  471.00  464.25
189A 4  Loin, tndrloin, trmd, heavy      17      31,760   985.00 1091.00 1033.54
191A 4  Loin, butt tender, trimmed
193  4  Flank, flank steak (IM)          15       7,529   427.00  468.27  447.07
--------------------------------------------------------------------------------
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       12       6,986   515.00  545.00  533.15
112A 3  Rib, ribeye, bnls, light          6      18,252   565.00  626.00  580.65
112A 3  Rib, ribeye, bnls, heavy         13      14,128   555.00  619.74  585.03
113C 1  Chuck, semi-bnls, neck/off        9       7,423   254.00  275.00  264.81
114  1  Chuck, shoulder clod              5       9,390   253.00  276.00  263.62
114A 3  Chuck, shoulder clod, trmd        4      24,055   280.00  296.50  282.76
114D 3  Chuck, clod, top blade            0           0
114E 3  Chuck, clod, arm roast            0           0
114F 5  Chuck, clod tender (IM)
115  1  Chuck, 2-piece, boneless
116A 3  Chuck, roll, lxl, neck/off       14      61,964   281.00  310.00  296.31
116B 1  Chuck, chuck tender (IM)          9      31,081   324.00  330.00  328.52
     3  Chuck roll, retail ready
120  1  Brisket, deckle-off, bnls         4      15,020   250.00  260.00  256.26
120A 3  Brisket, point/off, bnls          0           0
123A 3  Short Plate, short rib
130  4  Chuck, short rib                 10      32,777   312.00  355.00  318.17
160  1  Round, bone-in
161  1  Round, boneless
     3  Round, bnls/peeled heel-out       0           0
167A 4  Round, knuckle, peeled            6       9,204   285.00  315.00  291.77
168  1  Round, top inside round
168  3  Round, top inside round          14      62,219   287.00  339.47  300.76
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             18     309,872   289.00  319.47  290.68
171C 3  Round, eye of round (IM)          5       7,352   325.00  354.70  341.68
174  1  Loin, short loin, 2x3             0           0
174  3  Loin, short loin, 0x1             4       4,071   527.92  579.75  554.81
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      10,181   510.00  546.00  520.32
184  1  Loin, top butt, bnls, heavy       6      22,384   287.00  322.00  303.04
184  3  Loin, top butt, boneless         12      11,294   298.00  346.00  325.44
185A 4  Loin, bottom sirloin, flap        4       3,149   426.73  461.00  448.00
185B 1  Loin, ball-tip, bnls, heavy       4       6,104   330.00  350.00  348.45
185C 1  Loin, sirloin, tri-tip (IM)
185D 4  Loin, tri-tip, pld (IM)           0           0
189A 4  Loin, tndrloin, trmd, heavy       9       9,653   974.10 1057.28  997.63
191A 4  Loin, butt tender, trimmed
193  4  Flank, flank steak (IM)           0           0
--------------------------------------------------------------------------------
CHOICE, SELECT & UNGRADED CUTS   Fat Limitations 1-6  (IM) = Individual Muscle
--------------------------------------------------------------------------------
124  4  Rib, Back Ribs, Fresh
124  4  Rib, Back Ribs, Frozen
121D 4  Plate, Inside Skirt (IM)         20      29,243   350.00  385.00  359.43
121C 4  Plate, Outside Skirt (IM)         7       7,027   434.00  506.00  452.76
121E 6  Outside Skirt, pld (IM)
        Cap, Wedge Meat & (IM) Lean      13      65,091   295.00  323.40  313.14
        Pectoral Meat                    25      58,066   285.00  330.00  322.25
--------------------------------------------------------------------------------
GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind
--------------------------------------------------------------------------------
Ground Beef 73%                           6      59,560   214.77  236.00  229.51
Ground Beef 75%                           0           0
Ground Beef 81%                          10      39,566   234.00  271.15  262.08
Ground Beef 85%                           0           0
Ground Beef 90%                           0           0
Ground Beef 93%                           4      37,494   299.87  319.47  309.13
Ground Beef Chuck 80%                     4      21,833   267.40  305.00  285.17
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%
Blended Ground Beef 81%                  13     135,440   221.15  260.00  245.13
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%
--------------------------------------------------------------------------------
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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