LM_XB403 Des Moines, IA Wed, Feb 08, 2012 USDA Market News NATIONAL DAILY BOXED BEEF CUTOUT AND BOXED BEEF CUTS - Negotiated Sales - Afternoon USDA ESTIMATED BOXED BEEF CUT-OUT VALUES - as of 1:30pm 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. Boxed beef cutout values higher on moderate demand and light to moderate offerings. Select and Choice rib and round cuts steady to firm while chuck and loin items firm to higher. Beef trimmings generally steady on light to moderate demand and offerings. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 186.56 181.48 Change from prior day: 0.88 1.37 -------------------------------------------------------------------------------- Choice/Select spread: 5.08 Total Load Count (Cuts, Trimmings, Grinds): 231 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 260.15 255.25 Primal Chuck 157.65 158.40 Primal Round 167.55 167.26 Primal Loin 247.11 224.03 Primal Brisket 139.48 139.03 Primal Short Plate 138.49 142.11 Primal Flank 111.09 110.18 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 02/07 77 53 15 37 183 185.68 180.11 02/06 94 41 19 44 197 184.66 179.07 02/03 102 41 12 29 184 183.12 178.08 02/02 149 55 49 35 288 183.19 178.53 02/01 123 63 24 49 258 184.27 178.68 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 184.19 178.89 -------------------------------------------------------------------------------- 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 108.80 loads 4,352,199 pounds Select Cuts 55.55 loads 2,222,010 pounds Trimmings 13.85 loads 554,023 pounds Ground Beef 53.25 loads 2,130,073 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 49 59,174 490.00 545.00 503.48 112A 3 Rib, ribeye, bnls, light 35 28,546 535.00 601.00 582.49 112A 3 Rib, ribeye, bnls, heavy 154 282,162 540.00 580.00 557.37 113C 1 Chuck, semi-bnls, neck/off 14 54,963 197.00 220.00 206.64 114 1 Chuck, shoulder clod 22 89,329 195.00 203.15 198.34 114A 3 Chuck, shoulder clod, trmd 72 268,426 204.00 220.00 210.15 114D 3 Chuck, clod, top blade 6 14,449 250.06 285.00 262.72 114E 3 Chuck, clod, arm roast 7 7,872 249.90 271.50 258.62 114F 5 Chuck, clod tender (IM) 18 11,922 360.00 392.00 371.31 115 1 Chuck, 2-piece, boneless 116A 3 Chuck, roll, lxl, neck/off 128 289,251 220.00 245.00 229.78 116B 1 Chuck, chuck tender (IM) 76 131,805 210.00 227.42 221.90 3 Chuck roll, retail ready 120 1 Brisket, deckle-off, bnls 148 524,609 193.96 225.00 205.40 120A 3 Brisket, point/off, bnls 28 19,614 319.25 356.00 337.02 123A 3 Short Plate, short rib 62 56,306 305.00 360.25 343.68 130 4 Chuck, short rib 65 66,822 210.00 260.05 229.18 160 1 Round, bone-in 14 14,846 204.00 215.10 209.92 161 1 Round, boneless 12 33,078 218.00 225.10 219.49 3 Round, bnls/peeled heel-out 167A 4 Round, knuckle, peeled 122 213,654 227.00 241.63 232.47 168 1 Round, top inside round 92 150,115 205.00 220.00 208.67 168 3 Round, top inside round 40 200,952 211.32 226.00 215.90 169 5 Round, top inside, denuded 36 72,753 247.00 260.60 252.89 3 Round, top inside, side off 170 1 Round, bottom gooseneck 9 44,678 199.43 215.00 204.21 171B 3 Round, outside round 71 281,816 209.96 225.50 216.09 171C 3 Round, eye of round (IM) 78 141,947 231.30 260.00 243.84 174 1 Loin, short loin, 2x3 174 3 Loin, short loin, 0x1 41 56,153 458.88 490.00 477.26 175 3 Loin, strip loin, 1x1 180 1 Loin, strip, bnls, heavy 0 0 1 Loin, strip loin bnls. 1x1 29 40,941 438.00 465.00 459.18 180 3 Loin, strip, bnls, 0x1 110 144,538 478.00 536.00 519.86 184 1 Loin, top butt, bnls, heavy 49 35,131 285.00 301.00 294.50 184 3 Loin, top butt, boneless 58 134,975 289.00 325.00 303.98 185A 4 Loin, bottom sirloin, flap 106 196,284 357.00 410.00 379.76 185B 1 Loin, ball-tip, bnls, heavy 44 39,692 245.00 279.00 257.66 185C 1 Loin, sirloin, tri-tip (IM) 20 40,245 290.00 320.00 304.70 185D 4 Loin, tri-tip, pld (IM) 31 37,554 397.00 427.00 401.59 189A 4 Loin, tndrloin, trmd, heavy 106 109,144 833.93 936.00 864.07 191A 4 Loin, butt tender, trimmed 10 5,013 830.00 858.75 841.15 193 4 Flank, flank steak (IM) 26 28,918 390.00 431.00 402.36 -------------------------------------------------------------------------------- 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 37 61,300 479.73 503.00 490.44 112A 3 Rib, ribeye, bnls, light 23 73,816 545.50 569.00 562.61 112A 3 Rib, ribeye, bnls, heavy 59 110,654 534.10 559.10 547.57 113C 1 Chuck, semi-bnls, neck/off 13 32,932 195.00 218.00 206.06 114 1 Chuck, shoulder clod 14 103,649 194.00 211.00 195.62 114A 3 Chuck, shoulder clod, trmd 27 105,986 205.00 220.00 211.22 114D 3 Chuck, clod, top blade 114E 3 Chuck, clod, arm roast 114F 5 Chuck, clod tender (IM) 9 5,840 300.00 375.00 316.88 115 1 Chuck, 2-piece, boneless 116A 3 Chuck, roll, lxl, neck/off 43 126,236 220.00 243.30 229.43 116B 1 Chuck, chuck tender (IM) 28 39,109 210.00 227.42 219.12 3 Chuck roll, retail ready 120 1 Brisket, deckle-off, bnls 25 207,613 200.00 215.00 204.76 120A 3 Brisket, point/off, bnls 123A 3 Short Plate, short rib 6 6,336 295.00 386.00 338.50 130 4 Chuck, short rib 24 47,798 211.75 260.00 230.71 160 1 Round, bone-in 161 1 Round, boneless 7 6,933 219.00 224.00 222.47 3 Round, bnls/peeled heel-out 167A 4 Round, knuckle, peeled 30 103,946 213.00 241.00 229.38 168 1 Round, top inside round 24 35,731 202.00 215.00 208.87 168 3 Round, top inside round 19 34,074 211.40 225.50 219.22 169 5 Round, top inside, denuded 7 6,654 240.00 255.00 251.59 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 4 36,265 201.00 215.00 201.83 171B 3 Round, outside round 38 120,186 209.96 228.00 216.82 171C 3 Round, eye of round (IM) 29 70,838 232.00 255.00 240.52 174 1 Loin, short loin, 2x3 174 3 Loin, short loin, 0x1 43 49,419 419.73 441.00 427.11 175 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 33 51,947 390.00 431.63 413.83 184 1 Loin, top butt, bnls, heavy 25 35,309 245.00 266.00 251.71 184 3 Loin, top butt, boneless 33 89,249 255.00 271.63 265.79 185A 4 Loin, bottom sirloin, flap 14 105,538 357.98 380.00 365.16 185B 1 Loin, ball-tip, bnls, heavy 22 62,015 240.00 256.63 246.69 185C 1 Loin, sirloin, tri-tip (IM) 12 31,487 287.00 310.00 299.28 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 36 69,934 840.00 875.00 853.33 191A 4 Loin, butt tender, trimmed 10 17,277 808.80 835.00 813.70 193 4 Flank, flank steak (IM) 10 9,001 385.00 418.25 398.65 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Fresh 124 4 Rib, Back Ribs, Frozen 16 22,429 94.00 115.00 106.05 121D 4 Plate, Inside Skirt (IM) 40 98,858 321.00 348.58 337.79 121C 4 Plate, Outside Skirt (IM) 33 54,092 441.00 461.00 450.28 121E 6 Outside Skirt, pld (IM) 14 10,813 595.00 653.00 611.26 Cap, Wedge Meat & (IM) Lean 58 228,381 230.00 250.50 239.17 Pectoral Meat 38 80,538 262.29 295.00 277.90 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 66 250,778 167.00 183.06 171.16 Ground Beef 75% Ground Beef 81% 113 558,710 172.00 198.00 183.18 Ground Beef 85% Ground Beef 90% Ground Beef 93% 36 172,145 231.25 270.00 242.89 Ground Beef Chuck 80% 67 393,143 173.00 197.00 183.47 Ground Beef Round 85% 48 256,312 209.46 221.00 217.69 Ground Beef Sirloin 90% -------------------------------------------------------------------------------- BLENDED GB - STEER/HEIFER/COW SOURCE - 10 Pound Chub Basis - Coarse & Fine Grind -------------------------------------------------------------------------------- Blended Ground Beef 73% Blended Ground Beef 75% 0 0 Blended Ground Beef 81% 7 32,300 191.30 204.30 200.46 Blended Ground Beef 85% Blended Ground Beef 90% Blended Ground Beef 93% 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 17 554,023 98.00 102.00 99.30 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 1500C .