LM_XB402 Des Moines, IA Mon, May 20, 2013 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: 209.96 193.76 Change from prior day: 0.45 1.45 -------------------------------------------------------------------------------- Choice/Select spread: 16.20 Total Load Count (Cuts, Trimmings, Grinds): 102 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 323.12 275.47 Primal Chuck 166.90 163.90 Primal Round 166.38 163.50 Primal Loin 313.59 268.51 Primal Brisket 132.57 134.60 Primal Short Plate 138.57 142.30 Primal Flank 112.80 109.89 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 05/17 49 38 6 15 108 209.51 192.31 05/16 49 33 6 27 116 208.77 192.71 05/15 66 63 24 42 195 207.95 192.75 05/14 75 55 8 25 163 206.09 192.07 05/13 63 44 14 24 145 205.13 191.83 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 207.49 192.34 -------------------------------------------------------------------------------- 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 41.77 loads 1,670,678 pounds Select Cuts 46.45 loads 1,857,874 pounds Trimmings 6.47 loads 258,747 pounds Ground Beef 7.70 loads 308,029 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 26 194,526 605.60 671.00 631.75 112A 3 Rib, ribeye, bnls, light 8 7,942 711.83 740.00 728.56 112A 3 Rib, ribeye, bnls, heavy 12 18,226 673.37 755.00 719.98 113C 1 Chuck, semi-bnls, neck/off 114 1 Chuck, shoulder clod 3 17,205 210.88 215.00 211.28 114A 3 Chuck, shoulder clod, trmd 10 17,472 219.94 229.00 223.86 114D 3 Chuck, clod, top blade 3 3,335 268.00 300.00 287.58 114E 3 Chuck, clod, arm roast 9 21,914 238.00 251.60 241.27 114F 5 Chuck, clod tender (IM) 10 8,536 393.60 416.00 402.39 115 1 Chuck, 2-piece, boneless 116A 3 Chuck, roll, lxl, neck/off 26 145,945 228.05 255.60 244.55 116B 1 Chuck, chuck tender (IM) 8 24,838 205.00 215.60 210.57 3 Chuck roll, retail ready 120 1 Brisket, deckle-off, bnls 24 83,727 188.00 206.00 198.00 120A 3 Brisket, point/off, bnls 10 18,511 344.06 351.60 350.34 123A 3 Short Plate, short rib 23 57,376 385.29 481.00 423.23 130 4 Chuck, short rib 9 24,750 310.00 346.57 324.51 160 1 Round, bone-in 0 0 161 1 Round, boneless 3 Round, bnls/peeled heel-out 0 0 167A 4 Round, knuckle, peeled 18 121,454 224.20 248.57 228.39 168 1 Round, top inside round 12 16,302 210.00 215.00 210.88 168 3 Round, top inside round 10 119,698 210.00 224.00 213.73 169 5 Round, top inside, denuded 15 60,129 250.00 256.00 250.74 3 Round, top inside, side off 170 1 Round, bottom gooseneck 171B 3 Round, outside round 20 83,654 200.00 227.60 214.77 171C 3 Round, eye of round (IM) 22 55,505 205.00 220.00 212.44 174 1 Loin, short loin, 2x3 0 0 174 3 Loin, short loin, 0x1 18 113,975 690.60 741.60 696.23 175 3 Loin, strip loin, 1x1 180 1 Loin, strip, bnls, heavy 0 0 1 Loin, strip loin bnls. 1x1 4 2,471 695.00 696.26 695.23 180 3 Loin, strip, bnls, 0x1 12 82,032 732.30 844.00 779.69 184 1 Loin, top butt, bnls, heavy 8 5,643 326.00 347.00 331.84 184 3 Loin, top butt, boneless 13 70,855 339.00 365.00 354.70 185A 4 Loin, bottom sirloin, flap 13 31,563 510.00 535.00 514.60 185B 1 Loin, ball-tip, bnls, heavy 9 16,929 285.00 316.00 295.77 185C 1 Loin, sirloin, tri-tip (IM) 7 11,524 330.00 366.00 346.51 185D 4 Loin, tri-tip, pld (IM) 3 3,665 435.00 465.00 450.27 189A 4 Loin, tndrloin, trmd, heavy 22 28,144 977.60 1038.00 1004.19 191A 4 Loin, butt tender, trimmed 9 24,019 894.60 958.37 902.88 193 4 Flank, flank steak (IM) 12 16,536 421.00 463.00 449.15 -------------------------------------------------------------------------------- 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 11 176,062 513.11 539.85 521.35 112A 3 Rib, ribeye, bnls, light 6 25,018 548.00 590.00 555.73 112A 3 Rib, ribeye, bnls, heavy 18 114,795 554.15 591.50 566.49 113C 1 Chuck, semi-bnls, neck/off 6 15,529 190.00 214.74 207.07 114 1 Chuck, shoulder clod 10 120,487 191.00 215.24 206.34 114A 3 Chuck, shoulder clod, trmd 4 10,602 202.00 224.74 222.34 114D 3 Chuck, clod, top blade 114E 3 Chuck, clod, arm roast 114F 5 Chuck, clod tender (IM) 6 21,007 375.00 403.50 382.05 115 1 Chuck, 2-piece, boneless 0 0 116A 3 Chuck, roll, lxl, neck/off 17 44,814 227.01 238.00 231.29 116B 1 Chuck, chuck tender (IM) 8 4,078 200.00 225.00 208.64 3 Chuck roll, retail ready 0 0 120 1 Brisket, deckle-off, bnls 9 60,321 188.00 204.00 200.72 120A 3 Brisket, point/off, bnls 0 0 123A 3 Short Plate, short rib 7 27,947 337.64 419.58 364.44 130 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 18 95,327 200.00 235.60 226.76 168 1 Round, top inside round 11 15,527 190.00 208.00 200.37 168 3 Round, top inside round 8 52,089 198.00 218.00 212.54 169 5 Round, top inside, denuded 3 5,830 241.00 254.94 243.06 3 Round, top inside, side off 170 1 Round, bottom gooseneck 3 41,452 193.00 205.00 193.36 171B 3 Round, outside round 12 48,076 186.00 212.80 198.57 171C 3 Round, eye of round (IM) 15 43,893 200.00 224.00 217.13 174 1 Loin, short loin, 2x3 174 3 Loin, short loin, 0x1 13 62,031 561.66 586.00 567.63 175 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 6 22,943 571.00 611.00 580.15 184 1 Loin, top butt, bnls, heavy 4 11,006 290.00 314.00 295.64 184 3 Loin, top butt, boneless 16 172,428 305.80 330.00 315.33 185A 4 Loin, bottom sirloin, flap 3 17,682 519.94 553.50 525.38 185B 1 Loin, ball-tip, bnls, heavy 8 16,889 264.00 285.00 269.91 185C 1 Loin, sirloin, tri-tip (IM) 7 123,995 283.80 301.00 286.60 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 10 53,477 880.00 966.00 885.45 191A 4 Loin, butt tender, trimmed 6 2,304 877.36 920.00 897.77 193 4 Flank, flank steak (IM) 5 9,918 431.50 478.00 436.20 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Fresh 124 4 Rib, Back Ribs, Frozen 13 66,244 86.00 110.00 96.21 121D 4 Plate, Inside Skirt (IM) 26 211,086 362.00 405.00 369.66 121C 4 Plate, Outside Skirt (IM) 12 12,099 460.00 526.00 484.44 121E 6 Outside Skirt, pld (IM) 12 28,860 613.00 775.00 651.11 Cap, Wedge Meat & (IM) Lean 35 112,201 221.00 251.00 229.04 Pectoral Meat 19 40,992 219.60 257.80 230.59 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 23 160,582 163.15 194.00 175.55 Ground Beef 75% Ground Beef 81% 13 77,544 184.32 221.00 197.14 Ground Beef 85% 0 0 Ground Beef 90% Ground Beef 93% Ground Beef Chuck 80% 9 31,464 200.00 229.00 210.52 Ground Beef Round 85% 6 8,743 223.00 241.00 236.21 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% Blended Ground Beef 85% 0 0 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% 0 0 -------------------------------------------------------------------------------- BEEF TRIMMINGS - STEER/HEIFER SOURCE - Fresh Combos & Frozen Boxed -------------------------------------------------------------------------------- Fresh 50% lean trimmings 10 258,747 78.45 97.00 83.28 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 1100C .