LM_XB402 Des Moines, IA Mon, Mar 16, 2009 USDA Market News NATIONAL DAILY BOXED BEEF CUTOUT AND BOXED BEEF CUTS - Negotiated Sales - Morning USDA ESTIMATED BOXED BEEF CUT-OUT VALUES - as of 9:30am 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 -------------------------------------------------------------------------------- Current Cutout Values: 134.98 134.81 Change from prior day: (0.86) (0.46) -------------------------------------------------------------------------------- Choice/Select spread: 0.17 Total Load Count (Cuts, Trimmings, Grinds): 130 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 201.29 200.94 Primal Chuck 104.47 105.92 Primal Round 117.16 117.07 Primal Loin 191.13 188.34 Primal Brisket 98.50 99.84 Primal Short Plate 97.00 97.74 Primal Flank 80.57 78.62 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 03/13 108 78 17 46 249 135.84 135.27 03/12 116 60 18 57 251 136.02 135.23 03/11 135 63 45 71 315 135.45 134.88 03/10 105 62 11 54 232 135.81 134.60 03/09 117 47 9 52 225 135.35 134.32 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 135.70 134.86 -------------------------------------------------------------------------------- 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 54.99 loads 2,199,456 pounds Select Cuts 30.97 loads 1,238,864 pounds Trimmings 8.71 loads 348,256 pounds Coarse Grinds 35.12 loads 1,404,802 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 5 3,464 335.00 335.00 335.00 109E 1 Rib, ribeye, lip-on, bn-in 9 26,775 384.15 447.00 391.62 112A 3 Rib, ribeye, bnls, light 5 7,975 487.00 524.00 505.24 112A 3 Rib, ribeye, bnls, heavy 39 64,672 436.00 478.00 469.02 113A 1 Chuck, square-cut, 2 piece 113C 1 Chuck, semi-bnls, neck/off 3 9,842 125.70 135.00 129.14 113C 3 Chuck, semi-bnls, neck/off 0 0 3 Chuck, semi-bnls n/o sh-cut 0 0 114 1 Chuck, shoulder clod 10 22,009 126.36 140.00 129.15 114A 3 Chuck, shoulder clod, trmd 17 149,736 134.00 147.00 138.49 114D 3 Chuck, clod, top blade 8 12,502 210.00 229.00 221.51 114E 3 Chuck, clod, arm roast 114F 5 Chuck, clod tender 10 7,445 295.00 310.00 308.30 115 1 Chuck, 2-piece, boneless 6 3,243 132.00 140.00 138.51 116A 3 Chuck, roll, lxl, neck/off 39 528,487 144.55 161.60 148.91 116B 1 Chuck, chuck tender 5 21,024 163.15 169.60 167.75 3 Chuck roll, retail ready 0 0 120 1 Brisket, deckle-off, bnls 34 97,963 135.00 161.00 147.59 120A 3 Brisket, point/off, bnls 14 29,850 253.00 261.00 259.98 123A 3 Short Plate, short rib 7 9,527 166.00 186.00 182.27 130 4 Chuck, short rib 3 9,375 135.50 150.00 137.60 160 1 Round, bone-in 0 0 161 1 Round, boneless 3 Round, bnls/peeled heel-out 167 1 Round, knuckle 167A 4 Round, knuckle, peeled 38 156,808 158.00 176.00 161.64 168 1 Round, top inside round 38 234,977 150.30 173.00 156.85 168 3 Round, top inside round 9 60,269 154.00 182.00 158.99 169 5 Round, top inside, denuded 3 7,116 190.00 212.00 193.18 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 5 4,000 141.00 141.00 141.00 171B 3 Round, outside round 22 135,085 135.00 151.98 140.71 171C 3 Round, eye of round 29 97,404 164.00 193.00 170.70 3 Round, flat/eye, heel-out 0 0 174 1 Loin, short loin, 2x3 174 3 Loin, short loin, 0x1 8 51,279 375.00 401.00 378.09 175 3 Loin, strip loin, 1x1 180 1 Loin, strip, bnls, heavy 1 Loin, strip loin bnls. 1x1 22 19,848 400.00 433.00 407.45 180 3 Loin, strip, bnls, 0x1 24 44,262 418.50 474.00 436.91 184 1 Loin, top butt, bnls, heavy 17 39,168 245.00 270.00 252.97 184 3 Loin, top butt, boneless 4 5,930 275.00 290.00 279.55 185A 4 Loin, bottom sirloin, flap 18 20,920 260.00 280.00 274.43 185B 1 Loin, ball-tip, bnls, light 185B 1 Loin, ball-tip, bnls, heavy 35 64,529 210.83 221.00 215.11 185C 1 Loin, sirloin, tri-tip 15 66,101 255.00 269.00 259.34 185D 4 Loin, sirloin, tri-tip, pld 7 6,245 357.00 370.00 359.20 189A 4 Loin, tndrloin, trmd, light 189A 4 Loin, tndrloin, trmd, heavy 30 47,971 531.44 590.00 574.39 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak 22 19,457 307.25 318.00 313.54 -------------------------------------------------------------------------------- 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 112A 3 Rib, ribeye, bnls, light 15 27,594 500.76 520.00 508.37 112A 3 Rib, ribeye, bnls, heavy 18 107,356 450.00 476.55 459.87 113A 1 Chuck, square-cut, 2 piece 0 0 113C 1 Chuck, semi-bnls, neck/off 0 0 113C 3 Chuck, semi-bnls, neck/off 0 0 3 Chuck, semi-bnls n/o sh-cut 0 0 114 1 Chuck, shoulder clod 114A 3 Chuck, shoulder clod, trmd 8 33,949 137.00 147.00 143.32 114D 3 Chuck, clod, top blade 0 0 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender 6 3,235 310.00 310.00 310.00 115 1 Chuck, 2-piece, boneless 116A 3 Chuck, roll, lxl, neck/off 24 111,708 142.00 163.50 153.06 116B 1 Chuck, chuck tender 5 15,822 161.00 169.00 163.75 3 Chuck roll, retail ready 0 0 120 1 Brisket, deckle-off, bnls 16 32,850 146.00 156.00 150.53 120A 3 Brisket, point/off, bnls 0 0 123A 3 Short Plate, short rib 130 4 Chuck, short rib 160 1 Round, bone-in 0 0 161 1 Round, boneless 3 Round, bnls/peeled heel-out 167 1 Round, knuckle 167A 4 Round, knuckle, peeled 6 20,017 160.70 177.00 164.60 168 1 Round, top inside round 12 20,619 153.45 173.00 158.24 168 3 Round, top inside round 8 31,680 162.00 187.00 165.17 169 5 Round, top inside, denuded 3 Round, top Inside, side off 0 0 170 1 Round, bottom gooseneck 171B 3 Round, outside round 12 54,771 134.80 159.00 138.40 171C 3 Round, eye of round 10 6,512 175.00 193.00 185.70 3 Round, flat/eye, heel-out 0 0 174 1 Loin, short loin, 2x3 0 0 174 3 Loin, short loin, 0x1 8 53,694 367.70 407.00 371.17 175 3 Loin, strip loin, 1x1 0 0 180 1 Loin, strip, bnls, heavy 0 0 1 Loin, strip loin bnls. 1x1 15 10,917 400.00 419.00 411.67 180 3 Loin, strip, bnls, 0x1 7 12,033 425.00 464.00 439.00 184 1 Loin, top butt, bnls, heavy 12 20,111 245.00 253.00 246.99 184 3 Loin, top butt, boneless 8 125,539 263.00 273.00 270.75 185A 4 Loin, bottom sirloin, flap 185B 1 Loin, ball-tip, bnls, light 185B 1 Loin, ball-tip, bnls, heavy 8 13,882 215.00 216.87 215.43 185C 1 Loin, sirloin, tri-tip 6 32,354 255.00 277.00 260.67 185D 4 Loin, sirloin, tri-tip, pld 0 0 189A 4 Loin, tndrloin, trmd, light 0 0 189A 4 Loin, tndrloin, trmd, heavy 19 95,421 543.50 595.00 548.28 191A 4 Loin, butt tender, trimmed 4 7,867 522.55 571.00 529.44 193 4 Flank, flank steak 13 14,054 280.00 308.00 292.72 -------------------------------------------------------------------------------- CHOICE AND SELECT CUTS, Fat Limitations (FL) 1-6 -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Fresh 0 0 124 4 Rib, Back Ribs, Frozen 11 44,410 68.00 75.63 72.74 121D 4 Plate, Inside Skirt 19 203,821 241.00 266.00 265.10 121C 4 Plate, Outside Skirt 22 51,516 198.00 230.00 210.32 121E 6 Plate, Outside Skirt, pld 12 11,320 310.00 330.00 316.55 Cap and Wedge Meat 34 92,058 156.45 170.00 162.47 Pectoral Meat 9 4,219 223.75 245.00 232.59 -------------------------------------------------------------------------------- GROUND BEEF - STEER and HEIFER SOURCE -- 10 Pound Chub Basis -------------------------------------------------------------------------------- Ground Beef 73% 13 237,184 100.40 120.47 110.44 Ground Beef 75% Ground Beef 81% 17 89,049 113.00 124.00 119.49 Ground Beef 85% 0 0 Ground Beef 90% 0 0 Ground Beef 93% 4 7,933 176.00 191.00 179.02 Ground Beef Chuck 45 509,524 118.00 135.00 123.56 Ground Beef Round 15 38,833 140.00 151.00 143.45 Ground Beef Sirloin -------------------------------------------------------------------------------- BLENDED GROUND BEEF - STEER, HEIFER and COW SOURCE -- 10 Pound Chub Basis -------------------------------------------------------------------------------- Blended Ground Beef 73% 7 22,900 106.49 119.00 110.68 Blended Ground Beef 75% Blended Ground Beef 81% 31 298,091 113.60 150.00 128.09 Blended Ground Beef 85% Blended Ground Beef 90% Blended Ground Beef 93% Blended Ground Beef Chuck Blended Ground Beef Round 8 17,760 149.70 168.90 161.35 Blended Ground Beef Sirloin -------------------------------------------------------------------------------- BEEF TRIMMINGS - STEER and HEIFER SOURCE -------------------------------------------------------------------------------- Fresh 50% lean trimmings 12 348,256 83.54 88.20 85.16 Frozen 50% lean trimmings 0 0 -------------------------------------------------------------------------------- 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 1100C .