LM_XB459 Des Moines, IA Fri, Jul 18, 2008 USDA Market News NATIONAL WEEKLY BOXED BEEF CUTOUT AND BOXED BEEF CUTS - Negotiated Sales 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 boxed beef cuts delivered within 0-21 days and on average industry cutting yields. Values reflect U.S. dollars per 100 pounds. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- WEEKLY COMPOSITE PRIMAL VALUES Primal Rib 268.69 242.23 Primal Chuck 132.15 132.30 Primal Round 149.01 146.03 Primal Loin 240.25 220.09 Primal Brisket 102.37 103.49 Primal Short Plate 117.95 119.88 Primal Flank 102.53 95.03 -------------------------------------------------------------------------------- WEEKLY CUTOUT VALUE SUMMARY CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 07/18 99 67 69 52 287 168.26 160.76 07/17 101 81 26 69 278 169.67 161.34 07/16 98 92 27 53 270 170.93 162.09 07/15 73 72 26 42 214 172.33 164.49 07/14 112 56 23 39 230 172.68 165.45 -------------------------------------------------------------------------------- WEEKLY AVERAGE 170.77 162.83 CHANGE FROM PRIOR WEEK (2.57) (3.32) -------------------------------------------------------------------------------- CHOICE/SELECT SPREAD: 7.95 TOTAL LOAD COUNT (Cuts, Trimmings, Grinds): 1,278 -------------------------------------------------------------------------------- NATIONAL BOXED BEEF CUTS - NEGOTIATED SALES FOB Plant basis negotiated sales for delivery within 0-21 day period, including sales since last report. CURRENT VOLUME - (one load equals 40,000 pounds) Choice Cuts 483.56 loads 19,342,223 pounds Select Cuts 367.81 loads 14,712,291 pounds Trimmings 170.63 loads 6,825,234 pounds Coarse Grinds 256.04 loads 10,241,752 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 18 15,892 415.00 445.10 442.50 109E 1 Rib, ribeye, lip-on, bn-in 139 495,815 520.00 589.75 562.63 112A 3 Rib, ribeye, bnls, light 101 247,133 583.75 665.00 639.88 112A 3 Rib, ribeye, bnls, heavy 222 649,213 579.00 666.00 625.40 113A 1 Chuck, square-cut, 2 piece 113C 1 Chuck, semi-bnls, neck/off 39 140,529 159.00 172.00 163.98 113C 3 Chuck, semi-bnls, neck/off 3 Chuck, semi-bnls n/o sh-cut 17 167,616 165.00 188.00 168.40 114 1 Chuck, shoulder clod 65 122,830 169.00 191.85 180.82 114A 3 Chuck, shoulder clod, trmd 143 1,578,045 178.80 201.70 187.23 114D 3 Chuck, clod, top blade 83 74,789 240.00 313.00 266.08 114E 3 Chuck, clod, arm roast 17 14,991 208.82 266.00 241.26 114F 5 Chuck, clod tender 29 54,895 330.60 380.00 371.11 115 1 Chuck, 2-piece, boneless 75 257,929 164.75 180.50 169.94 116A 3 Chuck, roll, lxl, neck/off 249 1,030,655 178.00 209.00 191.61 116B 1 Chuck, chuck tender 161 350,385 190.00 212.00 200.01 3 Chuck roll, retail ready 95 559,070 191.00 219.75 198.37 120 1 Brisket, deckle-off, bnls 214 1,794,771 133.04 156.00 142.50 120A 3 Brisket, point/off, bnls 83 134,657 216.66 265.00 247.05 123A 3 Short Plate, short rib 143 1,232,790 174.74 291.00 186.24 130 4 Chuck, short rib 83 328,339 151.00 202.00 172.94 160 1 Round, bone-in 37 47,485 151.00 175.00 168.27 161 1 Round, boneless 30 57,894 169.00 191.00 179.51 3 Round, bnls/peeled heel-out 12 12,415 196.00 210.00 203.00 167 1 Round, knuckle 13 54,466 181.00 200.00 186.82 167A 4 Round, knuckle, peeled 262 1,147,310 187.80 216.00 196.51 168 1 Round, top inside round 185 590,527 187.50 216.00 203.80 168 3 Round, top inside round 95 338,889 193.75 225.00 210.14 169 5 Round, top inside, denuded 70 181,607 229.00 260.40 250.25 3 Round, top inside, side off 7 56,907 205.71 242.25 228.84 170 1 Round, bottom gooseneck 72 126,152 159.00 185.04 168.76 171B 3 Round, outside round 268 1,467,666 173.30 217.00 191.45 171C 3 Round, eye of round 253 506,711 189.85 217.00 201.41 3 Round, flat/eye, heel-out 0 0 174 1 Loin, short loin, 2x3 27 24,885 400.00 460.50 421.03 174 3 Loin, short loin, 0x1 128 511,018 456.33 555.00 484.12 175 3 Loin, strip loin, 1x1 19 296,807 429.00 495.00 445.97 180 1 Loin, strip, bnls, heavy 1 Loin, strip loin bnls. 1x1 81 87,279 465.00 566.00 523.08 180 3 Loin, strip, bnls, 0x1 210 851,549 513.00 641.50 552.40 184 1 Loin, top butt, bnls, heavy 93 130,772 258.00 304.00 277.75 184 3 Loin, top butt, boneless 173 596,851 275.85 322.00 293.30 185A 4 Loin, bottom sirloin, flap 134 471,725 321.50 380.00 340.79 185B 1 Loin, ball-tip, bnls, light 40 59,327 179.33 230.85 191.96 185B 1 Loin, ball-tip, bnls,heavy 146 298,615 225.00 260.50 246.08 185C 1 Loin, sirloin, tri-tip 93 154,837 250.00 295.00 261.26 185D 4 Loin, sirloin, tri-tip, pld 92 72,808 356.00 378.85 367.21 189A 4 Loin, tndrloin, trmd, light 12 21,836 742.00 865.00 751.74 189A 4 Loin, tndrloin, trmd,heavy 151 326,236 774.00 950.00 843.74 191A 4 Loin, butt tender, trimmed 37 59,474 800.00 887.75 813.39 193 4 Flank, flank steak 92 129,273 327.00 403.00 374.94 -------------------------------------------------------------------------------- Select 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 96 284,754 425.00 516.35 450.41 112A 3 Rib, ribeye, bnls, light 81 152,780 544.00 615.00 576.62 112A 3 Rib, ribeye, bnls,heavy 181 360,527 537.00 605.00 573.14 113A 1 Chuck, square-cut, 2 piece 113C 1 Chuck, semi-bnls, neck/off 76 158,730 152.96 175.00 163.53 113C 3 Chuck, semi-bnls, neck/off 3 Chuck, semi-bnls n/o sh-cut 6 7,213 165.00 175.00 172.53 114 1 Chuck, shoulder clod 45 342,860 169.00 196.00 178.20 114A 3 Chuck, shoulder clod, trmd 113 464,160 179.04 203.85 190.80 114D 3 Chuck, clod, top blade 3 13,896 228.59 251.43 230.45 114E 3 Chuck, Clod, Arm Roast 0 0 114F 5 Chuck, clod tender 21 15,729 280.00 369.39 319.02 115 1 Chuck, 2-piece, boneless 107 261,700 162.00 180.64 172.42 116A 3 Chuck, roll, lxl, neck/off 268 1,557,331 177.83 207.50 192.25 116B 1 Chuck, chuck tender 80 149,882 192.76 207.00 197.99 3 Chuck roll, retail ready 9 109,942 209.15 219.15 214.52 120 1 Brisket, deckle-off, bnls 150 1,460,512 139.00 160.00 145.18 120A 3 Brisket, point/off, bnls 19 39,098 206.03 260.11 233.75 123A 3 Short Plate, short rib 98 704,027 170.00 272.50 181.42 130 4 Chuck, short rib 65 184,457 151.00 210.00 173.61 160 1 Round, bone-in 21 18,220 162.00 177.00 169.42 161 1 Round, boneless 38 52,438 172.00 188.00 177.88 3 Round, bnls/peeled heel-out 11 37,828 180.00 208.00 198.88 167 1 Round, knuckle 9 26,911 182.00 210.00 184.23 167A 4 Round, knuckle, peeled 179 530,674 187.50 212.00 197.20 168 1 Round, top inside round 157 507,896 190.50 213.50 203.37 168 3 Round, top inside round 86 243,872 197.50 222.00 210.01 169 5 Round, top inside, denuded 48 96,939 236.59 260.00 244.94 3 Round, Top Inside, side off 0 0 170 1 Round, bottom gooseneck 71 166,115 163.85 179.37 167.92 171B 3 Round, outside round 150 419,183 182.00 212.00 195.89 171C 3 Round, eye of round 157 334,085 185.51 215.00 204.41 3 Round, flat/eye, heel-out 0 0 174 1 Loin, short loin, 2x3 10 7,125 361.47 457.20 393.28 174 3 Loin, short loin, 0x1 100 442,164 415.75 541.25 450.48 175 3 Loin, strip loin, 1x1 10 93,910 359.50 435.00 391.56 180 1 Loin, strip, bnls, heavy 6 11,827 371.00 438.93 395.32 1 Loin, Strip Loin Bnls. 1x1 42 47,564 410.00 485.35 444.68 180 3 Loin, strip, bnls, 0x1 124 511,426 390.00 540.00 418.05 184 1 Loin, top butt, bnls, heavy 113 329,852 245.00 280.00 262.32 184 3 Loin, top butt, boneless 132 447,721 270.50 309.00 283.61 185A 4 Loin, bottom sirloin, flap 84 341,962 308.00 361.25 318.69 185B 1 Loin, ball-tip, bnls, light 21 41,214 179.33 225.85 191.57 185B 1 Loin, ball-tip, bnls,heavy 63 144,390 225.00 261.25 238.88 185C 1 Loin, sirloin, tri-tip 70 385,362 240.85 277.10 250.76 185D 4 Loin, sirloin, tri-tip, pld 26 22,614 346.50 377.00 360.54 189A 4 Loin, tndrloin, trmd, light 189A 4 Loin, tndrloin, trmd,heavy 134 416,475 691.00 800.00 718.79 191A 4 Loin, butt tender, trimmed 46 150,892 687.71 770.00 710.03 193 4 Flank, flank steak 111 209,254 300.00 375.00 321.74 -------------------------------------------------------------------------------- CHOICE AND SELECT CUTS, Fat Limitations (FL) 1-6 -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Fresh 33 91,861 96.00 150.00 116.51 124 4 Rib, Back Ribs, Frozen 120 377,436 82.00 122.83 95.48 121D 4 Plate, Inside Skirt 157 561,249 270.00 314.00 283.32 121C 4 Plate, Outside Skirt 95 161,448 375.00 442.00 416.18 121E 6 Plate, Outside Skirt, pld 61 117,279 551.50 635.00 580.62 Cap and Wedge Meat 250 1,411,478 187.00 233.00 205.15 Pectoral Meat 207 662,861 205.00 236.00 216.71 -------------------------------------------------------------------------------- GROUND BEEF - STEER and HEIFER SOURCE -- 10 Pound Chub Basis -------------------------------------------------------------------------------- Ground Beef 73% 228 1,944,908 118.70 146.00 132.20 Ground Beef 75% 27 252,850 119.15 156.50 145.90 Ground Beef 81% 337 2,054,852 124.28 160.00 145.74 Ground Beef 85% 49 72,114 160.85 188.00 178.62 Ground Beef 90% 7 18,619 177.88 197.00 191.88 Ground Beef 93% 171 350,748 179.55 205.00 192.78 Ground Beef Chuck 124 1,134,879 146.00 170.60 159.51 Ground Beef Round 114 531,585 156.00 190.00 174.21 Ground Beef Sirloin 31 54,666 215.00 257.00 236.44 -------------------------------------------------------------------------------- BLENDED GROUND BEEF - STEER, HEIFER and COW SOURCE -- 10 Pound Chub Basis -------------------------------------------------------------------------------- Blended Ground Beef 73% 91 391,739 125.25 165.00 139.39 Blended Ground Beef 75% Blended Ground Beef 81% 156 1,547,800 141.25 179.00 152.52 Blended Ground Beef 85% 35 211,415 151.80 188.00 170.83 Blended Ground Beef 90% 55 137,079 178.00 218.00 190.71 Blended Ground Beef 93% Blended Ground Beef Chuck 52 556,082 143.00 187.00 156.18 Blended Ground Beef Round 82 505,971 157.00 197.00 168.73 Blended Ground Beef Sirloin 50 191,574 200.00 247.00 220.39 -------------------------------------------------------------------------------- BEEF TRIMMINGS - STEER and HEIFER SOURCE -------------------------------------------------------------------------------- Fresh 50% lean trimmings 102 3,547,454 92.35 100.00 96.09 Frozen 50% lean trimmings 84 3,277,780 93.00 101.00 96.52 -------------------------------------------------------------------------------- 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 weekly 3/70/20 guideline. -------------------------------------------------------------------------------- Source: USDA Market News Service, Des Moines, IA 515-284-4460 email: desm.lgmn@usda.gov www.ams.usda.gov/mnreports/lm_xb459.txt 1600C .