LM_XB404 Des Moines, IA Tue, May 13, 2008 USDA Market News NATIONAL 5-DAY ROLLING CUTTER COW CUTOUT AND BOXED COW BEEF CUTS USDA ESTIMATE CUTTER COW CARCASS CUT-OUT VALUE - Negotiated Sales - Morning This report is based on information provided by companies that agreed to continue to participate in Livestock Mandatory Reporting on a voluntary basis. Based on negotiated prices and volume of cow cuts delivered within 0-21 days and on average industry cutting yields. Values reflect U.S. dollars per 100 pounds. Cutter 90% 350#/up -------------------------------------------------------------------------------- Current-Cutout Value: $128.31 Change from prior day: $0.10 -------------------------------------------------------------------------------- Item Price Value Change 90% lean $162.66 $90.83 100% lean inside round $212.61 $4.93 100% lean, flats and eyes $190.43 $4.42 $0.04 100% lean, S.P.B. $186.67 $9.33 $0.02 Chuck Tender $167.86 $1.68 $0.04 Knuckle 4-7 lbs. $181.48 $4.59 ($0.03) Tenderloin 2-3 lbs. $378.08 $2.00 $0.01 Tenderloin 3-4 lbs. $410.39 $3.04 $0.02 Ribeye Roll 4-6 lbs. $175.60 $1.84 Ribeye Roll 6-8 lbs. $184.58 $1.37 Ribeye Roll 8up lbs. $181.23 $1.32 $0.01 Flank Steak $223.54 $0.94 ($0.01) Kidney, Edible $21.50 $0.10 Fat, inedible $25.29 $0.59 Bone $5.53 $1.33 -------------------------------------------------------------------------------- USDA NATIONAL BOXED COW BEEF CUTS - NEGOTIATED SALES FOB Plant basis negotiated sales for delivery within 0-21 day period. CURRENT VOLUME - (one load equals 40,000 pounds) Boner/Breaker Cuts 42.46 loads -- 1,698,266 pounds Cutter/Canner Cuts 6.80 loads -- 271,945 pounds Boner/Breaker/Cutter/Canner 22.32 loads -- 892,962 pounds 100% Lean Items 30.56 loads -- 1,222,241 pounds Frozen Cuts 0.81 loads -- 32,485 pounds -------------------------------------------------------------------------------- IMPS Sub-Primal # of Total Weighted Change from Trades Pounds Average Prior Day -------------------------------------------------------------------------------- BONER/BREAKER 112 Rib, ribeye roll, 6-8 lbs. 10 11,365 $211.10 112 Rib, ribeye roll, 8-10 lbs. 83 254,005 $208.13 $0.01 112 Rib, ribeye roll, 10-up lbs. 33 42,231 $221.64 ($0.74) 112A Rib, ribeye roll-lip-on, 8-dn lbs. 24 43,338 $327.33 ($1.21) 112A Rib, ribeye roll-lip-on, 8-up lbs. 15 44,884 $226.48 ($5.81) Chuck, boneless 85% 14 112,932 $159.06 ($3.16) 120 Chuck, brisket 18 23,724 $134.21 $2.60 168 Round, top inside, 10-dn lbs. 3 12,842 $185.23 $0.01 168 Round, top inside, 10-up lbs. 26 95,213 $180.39 $0.11 169A Round, top inside c-off, 8-10 lbs. 5 38,234 $212.02 $0.40 169A Round, top inside c-off, 10-14 lbs. 55 461,219 $213.47 ($0.87) 169A Round, top inside c-off, 14-up lbs. 28 103,558 $214.00 $0.31 171B Round, outside round 16 125,403 $158.31 $1.20 171C Round, eye of round 10 33,196 $203.03 $10.92 Loin, Semi-Bnls Short Loin, 13-dn lbs. Loin, Semi-Bnls Short Loin, 13-up lbs. 6 10,451 $233.64 $0.77 180 Loin, strip, bnls, 7-9 lbs. 180 Loin, strip, bnls, 9-up lbs. 19 40,302 $185.15 $3.06 182 Loin, sirloin butt 184 Loin, top sirloin butt 23 110,143 $166.58 $0.65 185A Loin, bottom sirloin butt flap, bnls. 32 103,814 $231.88 ($5.22) 191A Loin, butt tender, peeled 14 16,933 $413.23 ($1.20) CUTTER/CANNER 112 Rib, ribeye roll, 4-6 lbs. 3 12,756 $176.52 ($0.07) 112 Rib, ribeye roll, 6-8 lbs. 14 55,619 $184.30 ($0.26) 112 Rib, ribeye roll, 8-up lbs. 22 203,570 $181.16 $1.75 100% LEAN Inside round - Combo 14 206,877 $209.09 $0.24 Inside round - Boxed 36 64,730 $223.83 $0.40 Outside round 17 110,768 $201.86 $5.13 Eye of round 14 22,517 $195.60 $4.03 Flats and eyes - Combo 20 289,208 $185.65 $0.04 Flats and eyes - Boxed Striploin 50 192,096 $234.26 $0.28 S.P.B. - Combo 39 336,045 $186.67 $0.38 S.P.B. - Boxed BONER/BREAKER & CUTTER/CANNER 116B Chuck, chuck tender 28 102,050 $167.86 $3.41 167A Round, knuckle, peeled 71 388,589 $181.48 ($1.06) 190 Loin, tenderloin, 2-3 lbs. 26 21,278 $378.92 $3.28 190 Loin, tenderloin, 3-4 lbs. 35 47,140 $410.55 $1.93 190 Loin, tenderloin, 4-5 lbs. 76 106,398 $439.40 $1.87 190 Loin, tenderloin, 5-up lbs. 54 81,481 $445.82 $1.07 193 Flank, flank steak 58 93,300 $223.62 ($1.77) Flank, rough 35 52,726 $165.60 ($1.70) FROZEN BONER/BREAKER 112 Rib, ribeye roll, 6-8 lbs. 112 Rib, ribeye roll, 8-10 lbs. 112 Rib, ribeye roll, 10-up lbs. 112A Rib, ribeye roll-lip-on, 8-dn lbs. 112A Rib, ribeye roll-lip-on, 8-up lbs. 169A Round, top inside c-off, 8-10 lbs. 169A Round, top inside c-off, 10-14 lbs. 169A Round, top inside c-off, 14-up lbs. 180 Loin, strip, bnls, 7-9 lbs. 180 Loin, strip, bnls, 9-up lbs. FROZEN CUTTER/CANNER 112 Rib, ribeye roll, 4-6 lbs. 112 Rib, ribeye roll, 6-8 lbs. 6 5,215 $187.50 $2.98 112 Rib, ribeye roll, 8-up lbs. FROZEN BONER/BREAKER & CUTTER/CANNER 190 Loin, tenderloin, 2-3 lbs. 3 2,983 $372.12 190 Loin, tenderloin, 3-4 lbs. 190 Loin, tenderloin, 4-5 lbs. 190 Loin, tenderloin, 5-up lbs. 193 Flank, flank steak -------------------------------------------------------------------------------- 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 1130C .