Boxed Beef - Morning

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LM_XB402
Des Moines, IA                  Tue, Mar 18, 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:                          244.53         237.26
Change from prior day:                            1.68           1.20
--------------------------------------------------------------------------------
Choice/Select spread:                                    7.26

Total Load Count (Cuts, Trimmings, Grinds):                46
--------------------------------------------------------------------------------
COMPOSITE PRIMAL VALUES
 Primal Rib                                     324.33         312.87
 Primal Chuck                                   205.73         202.26
 Primal Round                                   230.43         226.28
 Primal Loin                                    322.62         304.18
 Primal Brisket                                 192.67         191.71
 Primal Short Plate                             172.64         172.64
 Primal Flank                                   140.65         139.70
--------------------------------------------------------------------------------
LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS
                                                CHOICE         SELECT
Date  Choice Select Trim Grinds Total           600-900        600-900
03/17    41    26     4    16     86            242.85         236.06
03/14    59    17     5    14     95            240.44         236.50
03/13    58    29     9    17    114            241.30         236.87
03/12    66    31     9    34    141            241.51         236.76
03/11    56    22     7    21    106            241.47         237.71
--------------------------------------------------------------------------------
Current 5 Day Simple Average:                   241.51         236.78
--------------------------------------------------------------------------------
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             22.36  loads            894,397  pounds
 Select Cuts             12.47  loads            498,619  pounds
 Trimmings                0.00  loads                  0  pounds
 Ground Beef             11.00  loads            439,994  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        8      13,941   566.70  636.00  572.03
112A 3  Rib, ribeye, bnls, light          5      15,673   625.00  705.80  644.85
112A 3  Rib, ribeye, bnls, heavy         17      25,097   628.00  675.30  644.02
113C 1  Chuck, semi-bnls, neck/off        0           0
114  1  Chuck, shoulder clod              7      72,470   231.00  255.69  236.17
114A 3  Chuck, shoulder clod, trmd       20     113,632   247.21  275.00  251.08
114D 3  Chuck, clod, top blade           13      21,772   354.75  364.00  359.97
114E 3  Chuck, clod, arm roast
114F 5  Chuck, clod tender (IM)           3       1,055   388.00  389.34  388.88
115  1  Chuck, 2-piece, boneless
116A 3  Chuck, roll, lxl, neck/off       15      44,210   261.00  295.00  267.61
116B 1  Chuck, chuck tender (IM)
     3  Chuck roll, retail ready
120  1  Brisket, deckle-off, bnls        13      29,690   262.00  290.00  283.72
120A 3  Brisket, point/off, bnls
123A 3  Short Plate, short rib
130  4  Chuck, short rib                 10      21,844   319.87  371.58  338.73
160  1  Round, bone-in
161  1  Round, boneless                   0           0
     3  Round, bnls/peeled heel-out       0           0
167A 4  Round, knuckle, peeled           21      27,738   307.00  330.00  312.81
168  1  Round, top inside round           5      11,027   305.00  310.00  306.18
168  3  Round, top inside round          12      50,298   308.00  326.00  321.55
169  5  Round, top inside, denuded        3       1,421   351.00  361.00  356.44
     3  Round, top inside, side off       0           0
170  1  Round, bottom gooseneck           0           0
171B 3  Round, outside round             18     102,250   255.24  273.00  260.41
171C 3  Round, eye of round (IM)          7      16,930   310.03  342.00  314.90
174  1  Loin, short loin, 2x3
174  3  Loin, short loin, 0x1            15       4,961   605.00  676.49  629.43
175  3  Loin, strip loin, 1x1
180  1  Loin, strip, bnls, heavy          0           0
     1  Loin, strip loin bnls. 1x1
180  3  Loin, strip, bnls, 0x1           11     121,626   696.00  739.00  714.17
184  1  Loin, top butt, bnls, heavy       3       1,668   330.00  348.00  334.91
184  3  Loin, top butt, boneless          9       5,831   345.00  364.25  353.59
185A 4  Loin, bottom sirloin, flap        6      25,013   469.00  495.00  476.51
185B 1  Loin, ball-tip, bnls, heavy       4       7,119   390.00  420.00  399.56
185C 1  Loin, sirloin, tri-tip (IM)       3       1,439   370.00  395.00  384.00
185D 4  Loin, tri-tip, pld (IM)           7       5,518   489.00  525.00  516.06
189A 4  Loin, tndrloin, trmd, heavy       8      18,810  1095.00 1136.50 1110.23
191A 4  Loin, butt tender, trimmed
193  4  Flank, flank steak (IM)          16       7,073   470.00  505.00  492.15
--------------------------------------------------------------------------------
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       10      15,673   545.00  581.00  560.38
112A 3  Rib, ribeye, bnls, light          3       6,202   640.00  640.00  640.00
112A 3  Rib, ribeye, bnls, heavy          9      26,198   575.10  650.00  618.47
113C 1  Chuck, semi-bnls, neck/off        3       3,889   250.24  275.00  261.36
114  1  Chuck, shoulder clod              3       9,459   235.56  250.37  237.73
114A 3  Chuck, shoulder clod, trmd       14      95,075   247.00  276.00  253.31
114D 3  Chuck, clod, top blade
114E 3  Chuck, clod, arm roast            0           0
114F 5  Chuck, clod tender (IM)           6       8,014   389.34  406.00  391.97
115  1  Chuck, 2-piece, boneless          0           0
116A 3  Chuck, roll, lxl, neck/off       10      35,280   261.05  295.00  271.48
116B 1  Chuck, chuck tender (IM)          6      14,953   330.27  339.00  331.53
     3  Chuck roll, retail ready          0           0
120  1  Brisket, deckle-off, bnls         4       4,857   275.00  290.00  288.99
120A 3  Brisket, point/off, bnls          0           0
123A 3  Short Plate, short rib
130  4  Chuck, short rib                  4       6,762   320.00  350.00  321.36
160  1  Round, bone-in
161  1  Round, boneless
     3  Round, bnls/peeled heel-out       0           0
167A 4  Round, knuckle, peeled            6      19,836   287.56  316.00  305.51
168  1  Round, top inside round           5      12,330   299.32  319.00  305.20
168  3  Round, top inside round           6      17,430   298.24  325.00  309.62
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              5       7,741   249.95  278.00  259.94
171C 3  Round, eye of round (IM)         15      44,877   299.93  350.70  326.19
174  1  Loin, short loin, 2x3             0           0
174  3  Loin, short loin, 0x1            10       6,764   580.00  624.65  605.06
175  3  Loin, strip loin, 1x1
180  1  Loin, strip, bnls, heavy          0           0
     1  Loin, strip loin bnls. 1x1        0           0
180  3  Loin, strip, bnls, 0x1            7       9,426   638.00  678.00  663.03
184  1  Loin, top butt, bnls, heavy       0           0
184  3  Loin, top butt, boneless          9      20,011   330.00  375.00  362.60
185A 4  Loin, bottom sirloin, flap        5       4,956   463.88  480.00  468.72
185B 1  Loin, ball-tip, bnls, heavy       6       9,899   378.70  405.00  381.71
185C 1  Loin, sirloin, tri-tip (IM)
185D 4  Loin, tri-tip, pld (IM)
189A 4  Loin, tndrloin, trmd, heavy       8      13,218  1045.00 1109.93 1056.18
191A 4  Loin, butt tender, trimmed
193  4  Flank, flank steak (IM)           3       4,091   498.00  514.00  502.32
--------------------------------------------------------------------------------
CHOICE, SELECT & UNGRADED CUTS   Fat Limitations 1-6  (IM) = Individual Muscle
--------------------------------------------------------------------------------
124  4  Rib, Back Ribs, Fresh
124  4  Rib, Back Ribs, Frozen            4       8,566   107.92  115.00  112.06
121D 4  Plate, Inside Skirt (IM)         14      33,878   358.00  375.00  368.47
121C 4  Plate, Outside Skirt (IM)         7      14,437   460.00  564.00  507.48
121E 6  Outside Skirt, pld (IM)           4      13,258   724.75  770.00  753.32
        Cap, Wedge Meat & (IM) Lean      12      33,669   260.20  345.00  320.94
        Pectoral Meat                    19      37,455   330.00  352.00  345.21
--------------------------------------------------------------------------------
GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind
--------------------------------------------------------------------------------
Ground Beef 73%                           6      91,783   230.60  257.00  236.44
Ground Beef 75%
Ground Beef 81%                           6      19,580   254.00  289.00  264.93
Ground Beef 85%                           0           0
Ground Beef 90%
Ground Beef 93%                           4      27,135   295.58  295.58  295.58
Ground Beef Chuck 80%                     5      32,778   252.00  271.45  261.25
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%                   8      50,160   244.75  256.52  249.80
Blended Ground Beef 85%                   0           0
Blended Ground Beef 90%
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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