LM_XB402 Des Moines, IA Fri, Nov 20, 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: 139.05 132.12 Change from prior day: (0.56) 0.05 -------------------------------------------------------------------------------- Choice/Select spread: 6.93 Total Load Count (Cuts, Trimmings, Grinds): 139 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 238.99 212.83 Primal Chuck 109.69 108.84 Primal Round 119.82 116.87 Primal Loin 186.41 171.76 Primal Brisket 92.19 92.06 Primal Short Plate 83.88 84.69 Primal Flank 78.10 77.81 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 11/19 129 99 26 49 303 139.61 132.07 11/18 204 171 19 56 450 140.75 132.12 11/17 72 96 19 37 225 140.55 132.79 11/16 97 54 14 47 212 140.40 132.37 11/13 111 65 13 38 227 139.42 132.19 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 140.14 132.31 -------------------------------------------------------------------------------- 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 66.41 loads 2,656,227 pounds Select Cuts 32.34 loads 1,293,731 pounds Trimmings 5.15 loads 206,036 pounds Coarse Grinds 34.65 loads 1,385,882 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 4 47,363 515.00 531.00 520.20 112A 3 Rib, ribeye, bnls, light 112A 3 Rib, ribeye, bnls, heavy 4 4,582 571.05 670.00 627.79 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 0 0 114 1 Chuck, shoulder clod 6 18,540 135.17 139.00 136.46 114A 3 Chuck, shoulder clod, trmd 18 154,008 147.00 154.00 149.27 114D 3 Chuck, clod, top blade 0 0 114E 3 Chuck, clod, arm roast 114F 5 Chuck, clod tender 3 12,230 206.00 226.00 207.14 115 1 Chuck, 2-piece, boneless 116A 3 Chuck, roll, lxl, neck/off 37 502,884 167.00 180.00 172.24 116B 1 Chuck, chuck tender 19 130,801 140.00 153.00 141.62 3 Chuck roll, retail ready 120 1 Brisket, deckle-off, bnls 13 83,542 131.76 141.00 134.74 120A 3 Brisket, point/off, bnls 5 2,886 230.00 247.00 235.02 123A 3 Short Plate, short rib 11 27,373 216.50 264.00 234.04 130 4 Chuck, short rib 9 26,976 156.00 163.00 158.63 160 1 Round, bone-in 6 5,165 147.00 155.34 149.36 161 1 Round, boneless 0 0 3 Round, bnls/peeled heel-out 167 1 Round, knuckle 0 0 167A 4 Round, knuckle, peeled 34 233,784 167.00 181.18 171.94 168 1 Round, top inside round 18 86,310 136.00 147.00 141.14 168 3 Round, top inside round 7 153,963 147.00 164.18 147.52 169 5 Round, top inside, denuded 14 49,762 173.00 187.00 178.46 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 4 13,118 140.00 153.00 141.55 171B 3 Round, outside round 31 374,426 167.00 181.18 169.72 171C 3 Round, eye of round 38 133,151 189.76 231.64 208.15 3 Round, flat/eye, heel-out 0 0 174 1 Loin, short loin, 2x3 174 3 Loin, short loin, 0x1 175 3 Loin, strip loin, 1x1 0 0 180 1 Loin, strip, bnls, heavy 1 Loin, strip loin bnls. 1x1 5 3,373 371.50 397.00 381.74 180 3 Loin, strip, bnls, 0x1 17 50,190 394.14 433.00 406.87 184 1 Loin, top butt, bnls, heavy 9 19,802 165.00 186.00 172.42 184 3 Loin, top butt, boneless 25 85,319 182.14 196.50 185.97 185A 4 Loin, bottom sirloin, flap 11 48,046 240.00 270.00 251.35 185B 1 Loin, ball-tip, bnls, light 185B 1 Loin, ball-tip, bnls, heavy 10 56,112 163.75 180.00 165.41 185C 1 Loin, sirloin, tri-tip 15 23,654 168.00 200.00 175.66 185D 4 Loin, sirloin, tri-tip, pld 189A 4 Loin, tndrloin, trmd, light 189A 4 Loin, tndrloin, trmd, heavy 13 37,024 800.14 900.00 824.94 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak 8 23,609 305.00 325.50 322.55 -------------------------------------------------------------------------------- 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 5 20,136 400.00 443.00 404.08 112A 3 Rib, ribeye, bnls, light 3 20,333 519.60 550.50 520.04 112A 3 Rib, ribeye, bnls, heavy 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 0 0 114 1 Chuck, shoulder clod 10 34,678 136.00 145.34 138.06 114A 3 Chuck, shoulder clod, trmd 10 45,546 148.50 158.00 156.30 114D 3 Chuck, clod, top blade 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender 6 6,033 189.00 208.00 199.81 115 1 Chuck, 2-piece, boneless 116A 3 Chuck, roll, lxl, neck/off 16 122,603 164.35 176.00 172.92 116B 1 Chuck, chuck tender 22 18,176 143.00 151.00 145.39 3 Chuck roll, retail ready 120 1 Brisket, deckle-off, bnls 11 69,197 132.14 146.00 134.66 120A 3 Brisket, point/off, bnls 123A 3 Short Plate, short rib 25 23,391 209.00 251.00 218.42 130 4 Chuck, short rib 6 13,394 146.78 158.01 156.81 160 1 Round, bone-in 3 2,467 140.20 152.50 145.95 161 1 Round, boneless 0 0 3 Round, bnls/peeled heel-out 0 0 167 1 Round, knuckle 0 0 167A 4 Round, knuckle, peeled 39 194,003 167.00 183.00 170.11 168 1 Round, top inside round 18 148,454 135.00 152.05 138.27 168 3 Round, top inside round 8 14,269 145.00 157.05 148.04 169 5 Round, top inside, denuded 3 Round, top Inside, side off 170 1 Round, bottom gooseneck 7 25,977 142.00 152.50 143.78 171B 3 Round, outside round 18 23,512 160.00 181.00 168.96 171C 3 Round, eye of round 29 52,275 191.10 223.00 210.63 3 Round, flat/eye, heel-out 0 0 174 1 Loin, short loin, 2x3 174 3 Loin, short loin, 0x1 24 46,764 318.60 363.50 333.01 175 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 69,931 351.00 372.00 356.72 184 1 Loin, top butt, bnls, heavy 6 11,883 164.50 170.50 168.71 184 3 Loin, top butt, boneless 11 12,567 176.00 184.05 179.76 185A 4 Loin, bottom sirloin, flap 9 24,515 251.50 263.00 252.18 185B 1 Loin, ball-tip, bnls, light 185B 1 Loin, ball-tip, bnls, heavy 25 66,712 165.00 175.00 165.63 185C 1 Loin, sirloin, tri-tip 15 47,791 176.70 190.00 181.85 185D 4 Loin, sirloin, tri-tip, pld 189A 4 Loin, tndrloin, trmd, light 0 0 189A 4 Loin, tndrloin, trmd, heavy 8 14,459 695.00 746.00 724.82 191A 4 Loin, butt tender, trimmed 9 6,372 680.00 722.00 682.42 193 4 Flank, flank steak 4 17,687 300.00 307.00 302.84 -------------------------------------------------------------------------------- CHOICE AND SELECT CUTS, Fat Limitations (FL) 1-6 -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Fresh 124 4 Rib, Back Ribs, Frozen 17 4,671 70.50 91.00 74.33 121D 4 Plate, Inside Skirt 19 51,924 193.14 218.00 200.65 121C 4 Plate, Outside Skirt 3 14,311 205.00 210.00 207.37 121E 6 Plate, Outside Skirt, pld 6 9,962 320.00 335.00 325.74 Cap and Wedge Meat 22 62,535 164.60 175.14 168.20 Pectoral Meat 25 49,916 194.00 209.60 200.02 -------------------------------------------------------------------------------- GROUND BEEF - STEER and HEIFER SOURCE -- 10 Pound Chub Basis -------------------------------------------------------------------------------- Ground Beef 73% 42 124,471 101.00 115.00 106.38 Ground Beef 75% 0 0 Ground Beef 81% 64 256,303 111.00 132.05 117.80 Ground Beef 85% Ground Beef 90% 0 0 Ground Beef 93% 52 47,229 151.96 183.00 168.36 Ground Beef Chuck 49 568,130 115.00 133.00 123.82 Ground Beef Round 17 128,957 131.78 145.05 138.96 Ground Beef Sirloin -------------------------------------------------------------------------------- BLENDED GROUND BEEF - STEER, HEIFER and COW SOURCE -- 10 Pound Chub Basis -------------------------------------------------------------------------------- Blended Ground Beef 73% Blended Ground Beef 75% Blended Ground Beef 81% 9 91,660 123.40 152.00 128.07 Blended Ground Beef 85% Blended Ground Beef 90% Blended Ground Beef 93% Blended Ground Beef Chuck Blended Ground Beef Round Blended Ground Beef Sirloin 0 0 -------------------------------------------------------------------------------- BEEF TRIMMINGS - STEER and HEIFER SOURCE -------------------------------------------------------------------------------- Fresh 50% lean trimmings 8 181,726 66.00 71.00 67.72 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 .