LM_XB405 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 - Afternoon 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: $130.05 Change from prior day: $1.84 -------------------------------------------------------------------------------- Item Price Value Change 90% lean $165.64 $92.49 $1.66 100% lean inside round $212.99 $4.94 $0.01 100% lean, flats and eyes $191.18 $4.44 $0.06 100% lean, S.P.B. $186.68 $9.33 $0.02 Chuck Tender $167.92 $1.68 $0.04 Knuckle 4-7 lbs. $181.24 $4.59 ($0.03) Tenderloin 2-3 lbs. $377.34 $2.00 $0.01 Tenderloin 3-4 lbs. $413.22 $3.06 $0.04 Ribeye Roll 4-6 lbs. $177.08 $1.86 $0.02 Ribeye Roll 6-8 lbs. $184.61 $1.37 Ribeye Roll 8up lbs. $181.58 $1.33 $0.02 Flank Steak $223.24 $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 48.20 loads -- 1,927,809 pounds Cutter/Canner Cuts 7.11 loads -- 284,481 pounds Boner/Breaker/Cutter/Canner 25.69 loads -- 1,027,432 pounds 100% Lean Items 32.06 loads -- 1,282,551 pounds Frozen Cuts 0.83 loads -- 33,385 pounds -------------------------------------------------------------------------------- IMPS Sub-Primal # of Total Weighted Change from Trades Pounds Average Prior Day -------------------------------------------------------------------------------- BONER/BREAKER 112 Rib, ribeye roll, 6-8 lbs. 11 11,507 $211.05 ($0.05) 112 Rib, ribeye roll, 8-10 lbs. 89 267,547 $207.92 ($0.20) 112 Rib, ribeye roll, 10-up lbs. 42 60,257 $218.45 ($3.93) 112A Rib, ribeye roll-lip-on, 8-dn lbs. 28 57,228 $326.86 ($1.68) 112A Rib, ribeye roll-lip-on, 8-up lbs. 18 53,301 $241.99 $9.70 Chuck, boneless 85% 14 112,932 $159.06 ($3.16) 120 Chuck, brisket 19 25,024 $133.95 $2.34 168 Round, top inside, 10-dn lbs. 3 12,842 $185.23 $0.01 168 Round, top inside, 10-up lbs. 31 116,482 $178.85 ($1.43) 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. 63 508,728 $213.57 ($0.77) 169A Round, top inside c-off, 14-up lbs. 36 128,748 $214.23 $0.54 171B Round, outside round 19 143,403 $158.52 $1.41 171C Round, eye of round 12 43,271 $193.97 $1.86 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. 21 48,505 $187.07 $4.98 182 Loin, sirloin butt 184 Loin, top sirloin butt 32 138,236 $166.52 $0.59 185A Loin, bottom sirloin butt flap, bnls. 36 117,825 $234.42 ($2.68) 191A Loin, butt tender, peeled 15 17,689 $413.73 ($0.70) CUTTER/CANNER 112 Rib, ribeye roll, 4-6 lbs. 4 15,446 $178.04 $1.45 112 Rib, ribeye roll, 6-8 lbs. 15 55,679 $184.33 ($0.23) 112 Rib, ribeye roll, 8-up lbs. 24 213,356 $181.51 $2.10 100% LEAN Inside round - Combo 14 206,877 $209.09 $0.24 Inside round - Boxed 42 78,020 $223.33 ($0.10) Outside round 18 124,768 $200.09 $3.36 Eye of round 19 34,181 $199.89 $8.32 Flats and eyes - Combo 22 302,640 $186.52 $0.91 Flats and eyes - Boxed Striploin 54 196,020 $234.25 $0.27 S.P.B. - Combo 40 340,045 $186.68 $0.39 S.P.B. - Boxed BONER/BREAKER & CUTTER/CANNER 116B Chuck, chuck tender 33 115,770 $167.92 $3.47 167A Round, knuckle, peeled 80 442,185 $181.24 ($1.30) 190 Loin, tenderloin, 2-3 lbs. 29 24,392 $377.98 $2.34 190 Loin, tenderloin, 3-4 lbs. 42 59,224 $413.40 $4.78 190 Loin, tenderloin, 4-5 lbs. 94 143,740 $443.01 $5.48 190 Loin, tenderloin, 5-up lbs. 62 88,340 $444.87 $0.12 193 Flank, flank steak 63 98,436 $224.11 ($1.28) Flank, rough 39 55,345 $166.19 ($1.11) 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 1530C .