LM_XB403 Des Moines, IA Fri, Nov 06, 2009 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 weak on light to moderate demand and moderate to heavy offerings. Select and Choice rib, chuck, round and loin cuts steady to weak. Beef trimmings steady on moderate demand and offerings. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 140.78 135.44 Change from prior day: (0.55) (0.32) -------------------------------------------------------------------------------- Choice/Select spread: 5.34 Total Load Count (Cuts, Trimmings, Grinds): 218 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 237.48 223.12 Primal Chuck 113.32 113.00 Primal Round 127.14 123.85 Primal Loin 182.13 168.49 Primal Brisket 91.24 90.81 Primal Short Plate 83.39 84.34 Primal Flank 83.17 81.92 -------------------------------------------------------------------------------- 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 95.82 loads 3,832,915 pounds Select Cuts 65.10 loads 2,603,931 pounds Trimmings 17.27 loads 690,947 pounds Coarse Grinds 40.20 loads 1,608,010 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 14 54,798 468.66 533.38 488.60 112A 3 Rib, ribeye, bnls, light 0 0 112A 3 Rib, ribeye, bnls, heavy 18 48,526 527.50 666.00 552.66 113A 1 Chuck, square-cut, 2 piece 113C 1 Chuck, semi-bnls, neck/off 4 7,327 145.00 149.00 147.23 113C 3 Chuck, semi-bnls, neck/off 0 0 3 Chuck, semi-bnls n/o sh-cut 114 1 Chuck, shoulder clod 14 43,750 141.00 155.00 143.91 114A 3 Chuck, shoulder clod, trmd 31 102,848 148.66 165.00 156.14 114D 3 Chuck, clod, top blade 5 14,993 199.71 207.00 200.98 114E 3 Chuck, clod, arm roast 114F 5 Chuck, clod tender 8 5,995 200.00 231.00 210.97 115 1 Chuck, 2-piece, boneless 10 58,212 151.00 168.00 156.55 116A 3 Chuck, roll, lxl, neck/off 44 208,251 174.70 200.00 179.10 116B 1 Chuck, chuck tender 16 82,620 143.40 168.00 149.51 3 Chuck roll, retail ready 0 0 120 1 Brisket, deckle-off, bnls 35 241,719 130.97 150.00 136.27 120A 3 Brisket, point/off, bnls 8 10,956 214.00 237.50 226.30 123A 3 Short Plate, short rib 22 24,890 209.91 252.00 225.76 130 4 Chuck, short rib 14 27,321 150.25 170.00 157.25 160 1 Round, bone-in 10 13,444 156.50 163.00 159.62 161 1 Round, boneless 5 10,093 161.00 171.00 167.36 3 Round, bnls/peeled heel-out 167 1 Round, knuckle 167A 4 Round, knuckle, peeled 41 263,128 172.63 194.75 180.56 168 1 Round, top inside round 36 474,222 142.00 162.00 147.77 168 3 Round, top inside round 27 109,989 153.00 174.50 159.95 169 5 Round, top inside, denuded 7 17,316 181.60 200.00 184.77 3 Round, top inside, side off 9 324,824 169.44 172.90 171.06 170 1 Round, bottom gooseneck 9 12,329 150.00 165.00 156.90 171B 3 Round, outside round 40 339,145 170.63 196.50 179.62 171C 3 Round, eye of round 25 55,527 210.00 237.29 222.63 3 Round, flat/eye, heel-out 0 0 174 1 Loin, short loin, 2x3 174 3 Loin, short loin, 0x1 29 65,242 339.57 374.75 355.31 175 3 Loin, strip loin, 1x1 180 1 Loin, strip, bnls, heavy 1 Loin, strip loin bnls. 1x1 9 9,391 360.00 378.50 365.57 180 3 Loin, strip, bnls, 0x1 39 143,564 378.00 415.50 394.29 184 1 Loin, top butt, bnls, heavy 13 15,074 175.00 190.00 181.70 184 3 Loin, top butt, boneless 38 242,003 179.71 212.00 184.56 185A 4 Loin, bottom sirloin, flap 24 89,678 235.00 275.50 259.07 185B 1 Loin, ball-tip, bnls, light 185B 1 Loin, ball-tip, bnls, heavy 16 29,081 159.63 185.00 166.58 185C 1 Loin, sirloin, tri-tip 34 104,326 156.00 190.00 185.24 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 25 96,065 787.00 891.00 811.42 191A 4 Loin, butt tender, trimmed 9 28,866 750.00 855.00 781.02 193 4 Flank, flank steak 18 29,301 323.00 374.00 347.73 -------------------------------------------------------------------------------- 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 16 10,275 441.00 467.00 455.20 112A 3 Rib, ribeye, bnls, light 5 46,150 520.00 539.50 528.87 112A 3 Rib, ribeye, bnls, heavy 17 15,697 495.00 540.50 504.61 113A 1 Chuck, square-cut, 2 piece 113C 1 Chuck, semi-bnls, neck/off 8 14,286 142.25 150.30 145.66 113C 3 Chuck, semi-bnls, neck/off 3 Chuck, semi-bnls n/o sh-cut 114 1 Chuck, shoulder clod 16 64,947 139.00 159.00 141.60 114A 3 Chuck, shoulder clod, trmd 18 42,043 148.66 168.25 159.22 114D 3 Chuck, clod, top blade 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender 5 5,744 200.00 210.00 205.68 115 1 Chuck, 2-piece, boneless 5 7,458 151.00 157.00 155.96 116A 3 Chuck, roll, lxl, neck/off 36 161,289 174.19 196.00 180.08 116B 1 Chuck, chuck tender 26 18,728 151.00 167.50 160.15 3 Chuck roll, retail ready 120 1 Brisket, deckle-off, bnls 47 341,698 129.50 145.25 135.06 120A 3 Brisket, point/off, bnls 123A 3 Short Plate, short rib 38 39,307 184.90 231.25 211.82 130 4 Chuck, short rib 8 13,528 145.00 172.00 159.88 160 1 Round, bone-in 3 1,052 151.25 156.25 154.63 161 1 Round, boneless 3 Round, bnls/peeled heel-out 167 1 Round, knuckle 0 0 167A 4 Round, knuckle, peeled 49 78,343 178.00 195.00 186.51 168 1 Round, top inside round 34 238,222 146.00 159.00 147.78 168 3 Round, top inside round 24 316,663 154.05 167.00 154.95 169 5 Round, top inside, denuded 7 9,307 186.00 204.50 189.12 3 Round, top Inside, side off 0 0 170 1 Round, bottom gooseneck 10 16,039 154.75 166.25 159.99 171B 3 Round, outside round 41 76,469 176.25 195.00 184.36 171C 3 Round, eye of round 30 29,713 217.25 235.50 221.81 3 Round, flat/eye, heel-out 0 0 174 1 Loin, short loin, 2x3 174 3 Loin, short loin, 0x1 32 50,883 335.00 366.25 340.70 175 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 19 131,760 340.70 374.50 344.32 184 1 Loin, top butt, bnls, heavy 13 61,967 152.00 177.00 169.29 184 3 Loin, top butt, boneless 45 130,340 165.08 201.75 172.50 185A 4 Loin, bottom sirloin, flap 20 17,232 256.50 268.50 261.92 185B 1 Loin, ball-tip, bnls, light 185B 1 Loin, ball-tip, bnls, heavy 35 69,533 155.00 178.97 165.61 185C 1 Loin, sirloin, tri-tip 6 23,381 170.40 196.25 171.52 185D 4 Loin, sirloin, tri-tip, pld 189A 4 Loin, tndrloin, trmd, light 189A 4 Loin, tndrloin, trmd, heavy 15 47,409 645.00 730.00 673.72 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak 6 10,305 325.00 356.25 330.95 -------------------------------------------------------------------------------- CHOICE AND SELECT CUTS, Fat Limitations (FL) 1-6 -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Fresh 124 4 Rib, Back Ribs, Frozen 36 31,254 62.49 91.00 81.34 121D 4 Plate, Inside Skirt 45 127,331 182.00 215.00 200.56 121C 4 Plate, Outside Skirt 19 142,588 190.17 226.00 203.45 121E 6 Plate, Outside Skirt, pld 6 16,671 315.00 335.00 328.78 Cap and Wedge Meat 65 448,623 160.00 190.50 168.51 Pectoral Meat 38 32,754 187.00 210.00 197.52 -------------------------------------------------------------------------------- GROUND BEEF - STEER and HEIFER SOURCE -- 10 Pound Chub Basis -------------------------------------------------------------------------------- Ground Beef 73% 57 385,470 107.49 118.50 109.86 Ground Beef 75% 0 0 Ground Beef 81% 50 99,231 119.00 134.50 121.96 Ground Beef 85% Ground Beef 90% Ground Beef 93% 40 22,543 169.91 185.00 180.00 Ground Beef Chuck 46 503,767 122.00 129.90 125.76 Ground Beef Round 15 144,725 135.25 145.05 136.20 Ground Beef Sirloin -------------------------------------------------------------------------------- BLENDED GROUND BEEF - STEER, HEIFER and COW SOURCE -- 10 Pound Chub Basis -------------------------------------------------------------------------------- Blended Ground Beef 73% 10 67,605 106.50 118.75 112.61 Blended Ground Beef 75% Blended Ground Beef 81% 20 230,349 125.00 152.00 128.32 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 21 620,947 58.00 62.00 60.76 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 1500C .