Boxed Beef - Morning

LM_XB402

Des Moines, IA                  Fri, Dec 19, 2014               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:                          238.83         230.13

Change from prior day:                          (3.12)         (0.19)

--------------------------------------------------------------------------------

Choice/Select spread:                                    8.70



Total Load Count (Cuts, Trimmings, Grinds):               123

--------------------------------------------------------------------------------

COMPOSITE PRIMAL VALUES

 Primal Rib                                     345.13         303.87

 Primal Chuck                                   208.25         209.25

 Primal Round                                   230.84         229.29

 Primal Loin                                    280.66         262.63

 Primal Brisket                                 209.75         208.50

 Primal Short Plate                             169.60         169.60

 Primal Flank                                   121.99         120.71

--------------------------------------------------------------------------------

LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS

                                                CHOICE         SELECT

Date  Choice Select Trim Grinds Total           600-900        600-900

12/18    61    32    18    26    136            241.95         230.32

12/17    78    53    37    35    204            242.41         231.13

12/16    71    50    39    29    189            242.88         234.25

12/15    39    27    18    28    113            245.52         234.67

12/12   108    48    15    29    201            245.03         234.10

--------------------------------------------------------------------------------

Current 5 Day Simple Average:                   243.56         232.89

--------------------------------------------------------------------------------

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             52.90  loads          2,115,827  pounds

 Select Cuts              9.86  loads            394,296  pounds

 Trimmings               28.80  loads          1,151,891  pounds

 Ground Beef             31.93  loads          1,277,268  pounds

--------------------------------------------------------------------------------

Choice Cuts, Fat Limitations 1-6          (IM) = Individual Muscle

IMPS/FL       Sub-Primal              # of      Total        Price      Weighted

                                    Trades     Pounds        Range       Average

--------------------------------------------------------------------------------

109E 1  Rib, ribeye, lip-on, bn-in       24     106,921   587.00  774.00  612.85

112A 3  Rib, ribeye, bnls, light          9      27,386   721.00  850.00  741.07

112A 3  Rib, ribeye, bnls, heavy         27     156,821   652.00  794.00  687.65

113C 1  Chuck, semi-bnls, neck/off        4       9,431   249.25  277.00  255.86

114  1  Chuck, shoulder clod              7      45,205   252.50  283.25  268.71

114A 3  Chuck, shoulder clod, trmd       10     102,947   260.00  293.00  263.01

114D 3  Chuck, clod, top blade            3      47,469   311.00  370.00  311.78

114E 3  Chuck, clod, arm roast            8      39,807   314.00  370.05  367.18

114F 5  Chuck, clod tender (IM)          13       6,592   378.00  395.00  381.87

115  1  Chuck, 2-piece, boneless

116A 3  Chuck, roll, lxl, neck/off       25     238,586   284.00  325.25  289.52

116B 1  Chuck, chuck tender (IM)          6      22,947   296.70  320.00  302.66

     3  Chuck roll, retail ready

120  1  Brisket, deckle-off, bnls        18      66,386   320.00  341.25  333.03

120A 3  Brisket, point/off, bnls          4       2,023   560.00  575.00  572.26

123A 3  Short Plate, short rib            9      28,187   535.30  621.00  573.13

130  4  Chuck, short rib                  8       7,636   345.25  390.00  367.61

160  1  Round, bone-in

161  1  Round, boneless

     3  Round, bnls/peeled heel-out

167A 4  Round, knuckle, peeled           25     229,265   294.00  335.00  311.69

168  1  Round, top inside round           7      13,290   270.53  297.76  281.94

168  3  Round, top inside round           8      17,394   290.25  315.50  296.59

169  5  Round, top inside, denuded       10      41,354   334.00  340.14  336.01

     3  Round, top inside, side off       0           0

170  1  Round, bottom gooseneck

171B 3  Round, outside round             13      20,727   296.94  319.00  304.80

171C 3  Round, eye of round (IM)         18      28,818   315.00  368.70  334.67

174  1  Loin, short loin, 2x3             0           0

174  3  Loin, short loin, 0x1             8       5,022   540.00  581.25  561.24

175  3  Loin, strip loin, 1x1             0           0

180  1  Loin, strip, bnls, heavy          0           0

     1  Loin, strip loin bnls. 1x1        5       4,931   485.00  524.75  501.62

180  3  Loin, strip, bnls, 0x1           35     196,320   539.35  584.00  556.28

184  1  Loin, top butt, bnls, heavy       5       4,428   338.92  351.00  343.95

184  3  Loin, top butt, boneless         14      49,693   345.00  391.25  349.05

185A 4  Loin, bottom sirloin, flap       22      42,031   410.00  435.00  420.85

185B 1  Loin, ball-tip, bnls, heavy      11      55,422   280.00  310.00  289.90

185C 1  Loin, sirloin, tri-tip (IM)      10      32,562   333.00  367.00  336.91

185D 4  Loin, tri-tip, pld (IM)           7       8,209   450.00  485.50  459.02

189A 4  Loin, tndrloin, trmd, heavy      27      52,924   945.00 1155.50  973.72

191A 4  Loin, butt tender, trimmed

193  4  Flank, flank steak (IM)           4       4,558   468.00  490.00  479.35

--------------------------------------------------------------------------------

Select Cuts, Fat Limitations 1-6       (IM) = Individual Muscle

IMPS/FL         Sub-Primal             # of      Total        Price     Weighted

                                       Trades    Pounds       Range     Average

--------------------------------------------------------------------------------

109E 1  Rib, ribeye, lip-on, bn-in        8      25,651   500.00  612.00  532.85

112A 3  Rib, ribeye, bnls, light

112A 3  Rib, ribeye, bnls, heavy         13      17,646   560.00  719.25  593.89

113C 1  Chuck, semi-bnls, neck/off        4       9,719   250.00  256.00  252.20

114  1  Chuck, shoulder clod              3       5,802   262.38  275.00  268.23

114A 3  Chuck, shoulder clod, trmd

114D 3  Chuck, clod, top blade            0           0

114E 3  Chuck, clod, arm roast

114F 5  Chuck, clod tender (IM)

115  1  Chuck, 2-piece, boneless

116A 3  Chuck, roll, lxl, neck/off       15      79,646   291.00  310.00  296.46

116B 1  Chuck, chuck tender (IM)          3       3,286   296.70  314.25  300.13

     3  Chuck roll, retail ready          0           0

120  1  Brisket, deckle-off, bnls        10      29,466   320.00  340.00  329.03

120A 3  Brisket, point/off, bnls          0           0

123A 3  Short Plate, short rib            4       6,417   525.00  621.00  590.30

130  4  Chuck, short rib

160  1  Round, bone-in                    0           0

161  1  Round, boneless                   0           0

     3  Round, bnls/peeled heel-out       0           0

167A 4  Round, knuckle, peeled            3      20,186   302.53  312.65  303.84

168  1  Round, top inside round           3       4,401   280.00  300.00  284.88

168  3  Round, top inside round           3      47,335   285.00  305.00  300.17

169  5  Round, top inside, denuded

     3  Round, top inside, side off       0           0

170  1  Round, bottom gooseneck

171B 3  Round, outside round

171C 3  Round, eye of round (IM)          4       3,422   331.19  340.00  336.90

174  1  Loin, short loin, 2x3             0           0

174  3  Loin, short loin, 0x1            11      13,289   441.19  485.00  472.74

175  3  Loin, strip loin, 1x1             0           0

180  1  Loin, strip, bnls, heavy          0           0

     1  Loin, strip loin bnls. 1x1

180  3  Loin, strip, bnls, 0x1            9      16,761   427.62  480.00  436.71

184  1  Loin, top butt, bnls, heavy

184  3  Loin, top butt, boneless

185A 4  Loin, bottom sirloin, flap        3       1,774   410.02  436.00  426.20

185B 1  Loin, ball-tip, bnls, heavy       4       1,779   288.75  305.00  292.67

185C 1  Loin, sirloin, tri-tip (IM)       5       5,418   339.00  342.00  340.37

185D 4  Loin, tri-tip, pld (IM)

189A 4  Loin, tndrloin, trmd, heavy       4       2,271   950.00  999.28  962.89

191A 4  Loin, butt tender, trimmed        0           0

193  4  Flank, flank steak (IM)           4       1,356   463.00  485.00  474.55

--------------------------------------------------------------------------------

CHOICE, SELECT & UNGRADED CUTS   Fat Limitations 1-6  (IM) = Individual Muscle

--------------------------------------------------------------------------------

124  4  Rib, Back Ribs, Fresh

124  4  Rib, Back Ribs, Frozen            4       5,409   120.00  201.00  191.16

121D 4  Plate, Inside Skirt (IM)          9      12,160   427.00  460.00  449.74

121C 4  Plate, Outside Skirt (IM)        16      23,890   541.50  621.00  560.51

121E 6  Outside Skirt, pld (IM)           4       4,113   745.00  850.00  766.56

        Cap, Wedge Meat & (IM) Lean      12     232,890   330.00  371.50  331.28

        Pectoral Meat                     6      21,471   345.00  390.00  363.34

--------------------------------------------------------------------------------

GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind

--------------------------------------------------------------------------------

Ground Beef 73%                          20     408,304   202.00  227.12  205.63

Ground Beef 75%

Ground Beef 81%                          38     456,163   233.00  275.00  249.95

Ground Beef 85%                           0           0

Ground Beef 90%                           0           0

Ground Beef 93%                           4      16,075   274.73  295.48  277.68

Ground Beef Chuck 80%                    12     132,730   255.00  291.00  269.39

Ground Beef Round 85%                     5      13,651   326.00  331.00  327.90

Ground Beef Sirloin 90%

--------------------------------------------------------------------------------

BLENDED GB - STEER/HEIFER/COW SOURCE - 10 Pound Chub Basis - Coarse & Fine Grind

--------------------------------------------------------------------------------

Blended Ground Beef 73%

Blended Ground Beef 75%                   0           0

Blended Ground Beef 81%                   5      29,280   258.50  286.00  280.58

Blended Ground Beef 85%

Blended Ground Beef 90%                   0           0

Blended Ground Beef 93%                   0           0

Blended Ground Beef Chuck 80%

Blended Ground Beef Round 85%             0           0

Blended Ground Beef Sirloin 90%

--------------------------------------------------------------------------------

BEEF TRIMMINGS - STEER/HEIFER SOURCE - Fresh Combos & Frozen Boxed

--------------------------------------------------------------------------------

Fresh 50% lean trimmings                 31   1,141,691    89.40   97.08   93.08

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_XB459 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









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