LM_XB402 Des Moines, IA Fri, Nov 06, 2009 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: 140.87 135.55 Change from prior day: (0.46) (0.21) -------------------------------------------------------------------------------- Choice/Select spread: 5.32 Total Load Count (Cuts, Trimmings, Grinds): 149 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 237.42 223.97 Primal Chuck 113.41 112.88 Primal Round 127.26 123.98 Primal Loin 182.44 168.63 Primal Brisket 90.91 90.67 Primal Short Plate 83.41 84.37 Primal Flank 83.04 81.89 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 11/05 117 64 31 37 249 141.33 135.76 11/04 133 91 26 66 316 141.85 135.80 11/03 77 64 16 43 200 141.85 136.46 11/02 99 48 19 36 203 141.63 135.83 10/30 74 45 46 29 194 140.83 135.38 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 141.50 135.84 -------------------------------------------------------------------------------- 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 63.19 loads 2,527,771 pounds Select Cuts 48.77 loads 1,950,755 pounds Trimmings 10.65 loads 426,033 pounds Coarse Grinds 26.51 loads 1,060,379 pounds -------------------------------------------------------------------------------- Choice Cuts, Fat Limitations 1-6 IMPS/FL Sub-Primal # of Total Price Weighted Trades Pounds Range Average -------------------------------------------------------------------------------- 109A 1 Rib, roast-ready, heavy 109E 1 Rib, ribeye, lip-on, bn-in 11 34,458 468.66 520.00 485.34 112A 3 Rib, ribeye, bnls, light 0 0 112A 3 Rib, ribeye, bnls, heavy 14 45,887 527.50 666.00 550.70 113A 1 Chuck, square-cut, 2 piece 113C 1 Chuck, semi-bnls, neck/off 113C 3 Chuck, semi-bnls, neck/off 0 0 3 Chuck, semi-bnls n/o sh-cut 114 1 Chuck, shoulder clod 11 37,565 141.00 155.00 144.23 114A 3 Chuck, shoulder clod, trmd 16 40,889 148.66 165.00 155.12 114D 3 Chuck, clod, top blade 114E 3 Chuck, clod, arm roast 114F 5 Chuck, clod tender 7 5,509 200.00 231.00 209.73 115 1 Chuck, 2-piece, boneless 8 54,886 151.00 168.00 156.58 116A 3 Chuck, roll, lxl, neck/off 31 162,451 174.70 200.00 179.32 116B 1 Chuck, chuck tender 6 23,981 152.00 168.00 155.48 3 Chuck roll, retail ready 0 0 120 1 Brisket, deckle-off, bnls 20 94,397 132.25 150.00 135.39 120A 3 Brisket, point/off, bnls 5 6,808 230.00 252.00 232.50 123A 3 Short Plate, short rib 18 18,804 209.91 252.00 223.66 130 4 Chuck, short rib 8 17,294 151.00 170.00 157.49 160 1 Round, bone-in 9 13,312 159.00 163.00 159.65 161 1 Round, boneless 4 8,376 168.00 171.00 168.66 3 Round, bnls/peeled heel-out 167 1 Round, knuckle 0 0 167A 4 Round, knuckle, peeled 29 148,016 172.63 192.66 180.32 168 1 Round, top inside round 29 365,583 147.00 162.00 148.41 168 3 Round, top inside round 17 46,683 155.02 172.00 160.93 169 5 Round, top inside, denuded 5 16,492 181.60 200.00 184.73 3 Round, top inside, side off 9 324,824 169.44 172.90 171.06 170 1 Round, bottom gooseneck 7 11,392 150.00 165.00 156.46 171B 3 Round, outside round 23 239,061 170.63 192.50 180.86 171C 3 Round, eye of round 19 43,663 210.00 237.29 221.99 3 Round, flat/eye, heel-out 0 0 174 1 Loin, short loin, 2x3 174 3 Loin, short loin, 0x1 17 29,801 346.00 370.00 352.93 175 3 Loin, strip loin, 1x1 0 0 180 1 Loin, strip, bnls, heavy 1 Loin, strip loin bnls. 1x1 7 7,905 360.00 378.50 364.51 180 3 Loin, strip, bnls, 0x1 32 119,286 378.00 415.50 393.26 184 1 Loin, top butt, bnls, heavy 8 9,283 180.00 190.00 184.10 184 3 Loin, top butt, boneless 16 117,679 179.71 195.00 184.01 185A 4 Loin, bottom sirloin, flap 15 47,241 255.00 280.00 265.73 185B 1 Loin, ball-tip, bnls, light 185B 1 Loin, ball-tip, bnls, heavy 13 19,542 159.63 178.97 167.40 185C 1 Loin, sirloin, tri-tip 30 37,637 178.00 190.00 187.18 185D 4 Loin, sirloin, tri-tip, pld 6 3,806 262.00 291.50 267.03 189A 4 Loin, tndrloin, trmd, light 189A 4 Loin, tndrloin, trmd, heavy 22 94,828 787.00 890.00 810.62 191A 4 Loin, butt tender, trimmed 3 18,146 760.00 855.00 797.22 193 4 Flank, flank steak 14 26,260 323.00 365.25 345.40 -------------------------------------------------------------------------------- Select Cuts, Fat Limitations 1-6 IMPS/FL Sub-Primal # of Total Price Weighted Trades Pounds Range Average -------------------------------------------------------------------------------- 109A 1 Rib, roast-ready, heavy 0 0 109E 1 Rib, ribeye, lip-on, bn-in 9 7,133 456.50 462.00 459.05 112A 3 Rib, ribeye, bnls, light 112A 3 Rib, ribeye, bnls, heavy 13 13,794 484.00 525.55 502.76 113A 1 Chuck, square-cut, 2 piece 113C 1 Chuck, semi-bnls, neck/off 5 9,277 142.25 150.30 146.01 113C 3 Chuck, semi-bnls, neck/off 3 Chuck, semi-bnls n/o sh-cut 114 1 Chuck, shoulder clod 11 21,575 139.00 151.50 145.61 114A 3 Chuck, shoulder clod, trmd 10 31,479 148.66 164.05 158.35 114D 3 Chuck, clod, top blade 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender 115 1 Chuck, 2-piece, boneless 4 6,354 151.00 157.00 155.96 116A 3 Chuck, roll, lxl, neck/off 24 136,384 174.73 196.00 179.60 116B 1 Chuck, chuck tender 19 10,796 155.00 167.00 163.01 3 Chuck roll, retail ready 120 1 Brisket, deckle-off, bnls 36 265,014 129.50 145.25 134.73 120A 3 Brisket, point/off, bnls 123A 3 Short Plate, short rib 34 32,865 184.90 231.25 211.94 130 4 Chuck, short rib 4 9,040 145.00 162.50 158.07 160 1 Round, bone-in 161 1 Round, boneless 3 Round, bnls/peeled heel-out 167 1 Round, knuckle 0 0 167A 4 Round, knuckle, peeled 38 50,207 179.00 195.00 189.62 168 1 Round, top inside round 26 225,066 146.00 159.00 147.65 168 3 Round, top inside round 21 308,396 154.05 163.00 154.70 169 5 Round, top inside, denuded 4 6,191 186.00 204.50 186.99 3 Round, top Inside, side off 0 0 170 1 Round, bottom gooseneck 6 9,945 156.50 165.00 160.59 171B 3 Round, outside round 32 29,672 184.50 195.00 191.60 171C 3 Round, eye of round 25 24,101 217.25 229.05 221.10 3 Round, flat/eye, heel-out 0 0 174 1 Loin, short loin, 2x3 174 3 Loin, short loin, 0x1 27 22,782 335.00 365.00 346.36 175 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 13 111,944 340.70 367.00 343.65 184 1 Loin, top butt, bnls, heavy 8 58,151 152.00 171.00 169.35 184 3 Loin, top butt, boneless 33 40,103 165.08 201.75 176.04 185A 4 Loin, bottom sirloin, flap 17 13,397 256.50 266.00 262.58 185B 1 Loin, ball-tip, bnls, light 185B 1 Loin, ball-tip, bnls, heavy 30 55,495 165.00 178.97 165.88 185C 1 Loin, sirloin, tri-tip 4 23,032 170.40 180.00 171.31 185D 4 Loin, sirloin, tri-tip, pld 189A 4 Loin, tndrloin, trmd, light 0 0 189A 4 Loin, tndrloin, trmd, heavy 12 45,485 645.00 730.00 674.13 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak 4 9,941 325.00 355.25 330.05 -------------------------------------------------------------------------------- CHOICE AND SELECT CUTS, Fat Limitations (FL) 1-6 -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Fresh 124 4 Rib, Back Ribs, Frozen 28 13,468 62.49 77.00 71.52 121D 4 Plate, Inside Skirt 30 61,554 191.50 215.00 199.94 121C 4 Plate, Outside Skirt 14 128,829 190.17 226.00 203.86 121E 6 Plate, Outside Skirt, pld 3 11,181 320.00 335.00 332.12 Cap and Wedge Meat 39 278,496 161.75 190.50 169.82 Pectoral Meat 29 24,617 190.00 203.25 196.54 -------------------------------------------------------------------------------- GROUND BEEF - STEER and HEIFER SOURCE -- 10 Pound Chub Basis -------------------------------------------------------------------------------- Ground Beef 73% 53 366,783 107.49 115.08 109.81 Ground Beef 75% 0 0 Ground Beef 81% 37 27,110 122.25 133.00 124.80 Ground Beef 85% Ground Beef 90% Ground Beef 93% 37 16,633 169.91 185.00 181.29 Ground Beef Chuck 25 247,610 124.00 129.90 125.83 Ground Beef Round 11 138,794 135.25 145.05 136.04 Ground Beef Sirloin -------------------------------------------------------------------------------- BLENDED GROUND BEEF - STEER, HEIFER and COW SOURCE -- 10 Pound Chub Basis -------------------------------------------------------------------------------- Blended Ground Beef 73% 5 15,168 106.50 117.00 112.13 Blended Ground Beef 75% Blended Ground Beef 81% 10 100,114 125.50 152.00 131.22 Blended Ground Beef 85% Blended Ground Beef 90% Blended Ground Beef 93% Blended Ground Beef Chuck Blended Ground Beef Round Blended Ground Beef Sirloin -------------------------------------------------------------------------------- BEEF TRIMMINGS - STEER and HEIFER SOURCE -------------------------------------------------------------------------------- Fresh 50% lean trimmings 12 353,033 58.00 62.00 60.65 Frozen 50% lean trimmings -------------------------------------------------------------------------------- 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_XB 459 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 .