LM_XB403 Des Moines, IA Fri, Nov 20, 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 steady to weak on moderate demand and moderate to heavy offerings. Select and Choice rib and loin steady to weak while chuck and round cuts steady to firm. Beef trimmings higher on light to moderate demand and light offerings. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 139.18 131.97 Change from prior day: (0.43) (0.10) -------------------------------------------------------------------------------- Choice/Select spread: 7.22 Total Load Count (Cuts, Trimmings, Grinds): 224 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 241.54 213.29 Primal Chuck 109.23 108.61 Primal Round 120.14 116.78 Primal Loin 186.08 171.34 Primal Brisket 91.97 91.56 Primal Short Plate 83.79 84.59 Primal Flank 78.00 77.96 -------------------------------------------------------------------------------- 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 112.57 loads 4,502,814 pounds Select Cuts 50.97 loads 2,038,668 pounds Trimmings 5.39 loads 215,746 pounds Coarse Grinds 54.86 loads 2,194,500 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 20 218,569 460.84 547.00 531.95 112A 3 Rib, ribeye, bnls, light 7 93,282 531.06 700.00 546.32 112A 3 Rib, ribeye, bnls, heavy 10 30,691 530.14 670.00 547.70 113A 1 Chuck, square-cut, 2 piece 113C 1 Chuck, semi-bnls, neck/off 113C 3 Chuck, semi-bnls, neck/off 3 Chuck, semi-bnls n/o sh-cut 0 0 114 1 Chuck, shoulder clod 10 26,207 135.00 147.50 137.11 114A 3 Chuck, shoulder clod, trmd 38 371,494 147.00 163.00 149.61 114D 3 Chuck, clod, top blade 114E 3 Chuck, clod, arm roast 114F 5 Chuck, clod tender 7 16,040 200.00 226.00 207.25 115 1 Chuck, 2-piece, boneless 116A 3 Chuck, roll, lxl, neck/off 56 549,290 165.00 180.00 172.29 116B 1 Chuck, chuck tender 27 142,003 140.00 153.00 142.17 3 Chuck roll, retail ready 120 1 Brisket, deckle-off, bnls 24 109,573 131.38 141.00 134.77 120A 3 Brisket, point/off, bnls 8 23,895 225.00 247.00 226.33 123A 3 Short Plate, short rib 15 44,195 216.50 264.00 232.90 130 4 Chuck, short rib 15 56,848 155.00 171.00 160.32 160 1 Round, bone-in 7 6,070 147.00 155.34 149.00 161 1 Round, boneless 3 Round, bnls/peeled heel-out 167 1 Round, knuckle 0 0 167A 4 Round, knuckle, peeled 63 437,335 167.00 181.18 173.07 168 1 Round, top inside round 27 99,378 135.00 150.25 140.99 168 3 Round, top inside round 15 171,954 146.00 164.18 147.60 169 5 Round, top inside, denuded 22 101,688 173.00 187.00 177.65 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 6 16,792 140.00 153.00 143.42 171B 3 Round, outside round 63 704,475 167.00 181.18 171.71 171C 3 Round, eye of round 59 218,490 189.76 231.64 212.96 3 Round, flat/eye, heel-out 0 0 174 1 Loin, short loin, 2x3 174 3 Loin, short loin, 0x1 6 6,165 355.71 391.00 364.77 175 3 Loin, strip loin, 1x1 180 1 Loin, strip, bnls, heavy 1 Loin, strip loin bnls. 1x1 8 6,488 371.50 397.00 378.82 180 3 Loin, strip, bnls, 0x1 40 123,830 394.14 433.00 409.70 184 1 Loin, top butt, bnls, heavy 12 20,756 165.00 186.00 172.76 184 3 Loin, top butt, boneless 40 164,215 178.57 200.00 188.01 185A 4 Loin, bottom sirloin, flap 19 67,655 240.00 270.25 253.74 185B 1 Loin, ball-tip, bnls, light 185B 1 Loin, ball-tip, bnls, heavy 16 64,841 163.75 180.00 165.87 185C 1 Loin, sirloin, tri-tip 20 27,613 168.00 200.00 177.57 185D 4 Loin, sirloin, tri-tip, pld 6 6,808 255.00 292.34 262.02 189A 4 Loin, tndrloin, trmd, light 189A 4 Loin, tndrloin, trmd, heavy 22 54,217 800.14 900.00 838.30 191A 4 Loin, butt tender, trimmed 3 1,728 790.00 853.25 791.98 193 4 Flank, flank steak 13 30,022 291.00 325.50 318.57 -------------------------------------------------------------------------------- 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 11 20,753 400.00 475.50 406.00 112A 3 Rib, ribeye, bnls, light 4 20,648 519.60 550.50 520.19 112A 3 Rib, ribeye, bnls, heavy 10 15,267 489.82 548.50 502.18 113A 1 Chuck, square-cut, 2 piece 113C 1 Chuck, semi-bnls, neck/off 8 24,388 137.00 150.00 142.79 113C 3 Chuck, semi-bnls, neck/off 0 0 3 Chuck, semi-bnls n/o sh-cut 0 0 114 1 Chuck, shoulder clod 20 60,284 136.00 149.00 139.35 114A 3 Chuck, shoulder clod, trmd 21 75,647 147.35 165.05 155.07 114D 3 Chuck, clod, top blade 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender 7 6,146 189.00 208.00 199.63 115 1 Chuck, 2-piece, boneless 116A 3 Chuck, roll, lxl, neck/off 30 223,955 160.00 179.60 170.36 116B 1 Chuck, chuck tender 27 38,201 143.00 151.00 146.63 3 Chuck roll, retail ready 120 1 Brisket, deckle-off, bnls 20 155,031 131.30 143.05 134.77 120A 3 Brisket, point/off, bnls 123A 3 Short Plate, short rib 29 27,959 209.00 251.00 217.79 130 4 Chuck, short rib 11 40,048 146.78 177.00 160.16 160 1 Round, bone-in 6 4,054 140.20 157.00 145.84 161 1 Round, boneless 3 Round, bnls/peeled heel-out 0 0 167 1 Round, knuckle 167A 4 Round, knuckle, peeled 56 225,848 165.25 183.25 170.44 168 1 Round, top inside round 33 210,587 135.00 152.05 138.09 168 3 Round, top inside round 13 41,010 142.55 157.05 145.73 169 5 Round, top inside, denuded 3 Round, top Inside, side off 170 1 Round, bottom gooseneck 9 30,603 142.00 155.00 144.41 171B 3 Round, outside round 22 39,259 158.00 181.00 166.37 171C 3 Round, eye of round 37 70,073 191.10 223.00 209.34 3 Round, flat/eye, heel-out 0 0 174 1 Loin, short loin, 2x3 174 3 Loin, short loin, 0x1 33 49,895 318.60 363.50 333.90 175 3 Loin, strip loin, 1x1 180 1 Loin, strip, bnls, heavy 1 Loin, strip loin bnls. 1x1 180 3 Loin, strip, bnls, 0x1 13 71,989 348.25 378.50 356.51 184 1 Loin, top butt, bnls, heavy 14 59,022 156.50 173.50 161.58 184 3 Loin, top butt, boneless 14 14,345 175.00 190.25 179.61 185A 4 Loin, bottom sirloin, flap 11 31,133 251.50 263.00 253.65 185B 1 Loin, ball-tip, bnls, light 185B 1 Loin, ball-tip, bnls, heavy 27 68,484 165.00 175.00 165.62 185C 1 Loin, sirloin, tri-tip 16 49,276 176.70 190.00 181.80 185D 4 Loin, sirloin, tri-tip, pld 189A 4 Loin, tndrloin, trmd, light 0 0 189A 4 Loin, tndrloin, trmd, heavy 12 18,909 668.00 752.00 713.78 191A 4 Loin, butt tender, trimmed 11 21,988 679.50 722.00 680.80 193 4 Flank, flank steak 7 23,677 300.00 325.25 304.97 -------------------------------------------------------------------------------- CHOICE AND SELECT CUTS, Fat Limitations (FL) 1-6 -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Fresh 124 4 Rib, Back Ribs, Frozen 26 13,718 68.00 92.00 74.44 121D 4 Plate, Inside Skirt 33 77,897 193.14 218.00 200.84 121C 4 Plate, Outside Skirt 5 15,616 205.00 231.00 208.71 121E 6 Plate, Outside Skirt, pld 8 13,414 320.00 335.00 325.63 Cap and Wedge Meat 36 130,106 161.90 178.00 167.22 Pectoral Meat 36 59,860 190.00 209.60 199.54 -------------------------------------------------------------------------------- GROUND BEEF - STEER and HEIFER SOURCE -- 10 Pound Chub Basis -------------------------------------------------------------------------------- Ground Beef 73% 54 324,603 99.50 118.50 103.07 Ground Beef 75% 0 0 Ground Beef 81% 79 426,463 110.00 132.50 116.00 Ground Beef 85% Ground Beef 90% 0 0 Ground Beef 93% 56 52,396 151.96 183.00 169.44 Ground Beef Chuck 60 801,249 110.60 133.00 121.03 Ground Beef Round 24 165,670 131.78 145.05 138.41 Ground Beef Sirloin -------------------------------------------------------------------------------- BLENDED GROUND BEEF - STEER, HEIFER and COW SOURCE -- 10 Pound Chub Basis -------------------------------------------------------------------------------- Blended Ground Beef 73% 3 23,440 112.00 114.75 112.22 Blended Ground Beef 75% Blended Ground Beef 81% 21 243,495 122.00 132.23 124.98 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 11 191,436 66.00 71.00 67.70 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 .