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Thursday, August 28, 2008

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LM_XB402 Des Moines, IA Wed, Aug 27, 2008 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: 161.48 154.90 Change from prior day: (0.56) (0.41) -------------------------------------------------------------------------------- Choice/Select spread: 6.58 Total Load Count (Cuts, Trimmings, Grinds): 198 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 218.66 209.22 Primal Chuck 139.47 137.34 Primal Round 145.43 142.44 Primal Loin 215.02 195.80 Primal Brisket 108.12 106.67 Primal Short Plate 120.49 122.57 Primal Flank 99.07 92.48 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 08/26 147 117 32 45 340 162.04 155.31 08/25 75 80 31 63 249 161.62 154.42 08/22 111 97 15 53 275 160.78 155.19 08/21 161 98 32 51 342 161.52 156.48 08/20 129 99 24 56 309 163.09 157.04 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 161.81 155.69 -------------------------------------------------------------------------------- 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 67.68 loads 2,707,307 pounds Select Cuts 61.58 loads 2,463,361 pounds Trimmings 16.28 loads 651,209 pounds Coarse Grinds 52.22 loads 2,088,927 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 5,139 347.00 347.00 347.00 109E 1 Rib, ribeye, lip-on, bn-in 25 27,383 418.00 470.25 434.45 112A 3 Rib, ribeye, bnls, light 18 32,961 498.64 560.25 523.43 112A 3 Rib, ribeye, bnls, heavy 37 36,601 480.00 534.90 495.74 113A 1 Chuck, square-cut, 2 piece 0 0 113C 1 Chuck, semi-bnls, neck/off 14 51,527 165.00 175.00 168.58 113C 3 Chuck, semi-bnls, neck/off 3 Chuck, semi-bnls n/o sh-cut 114 1 Chuck, shoulder clod 14 58,049 170.00 185.00 174.85 114A 3 Chuck, shoulder clod, trmd 22 217,642 181.00 199.90 186.40 114D 3 Chuck, clod, top blade 9 15,303 270.00 290.75 287.84 114E 3 Chuck, clod, arm roast 114F 5 Chuck, clod tender 4 4,773 280.00 280.00 280.00 115 1 Chuck, 2-piece, boneless 5 22,916 178.00 180.80 178.05 116A 3 Chuck, roll, lxl, neck/off 34 228,114 214.00 234.00 223.38 116B 1 Chuck, chuck tender 13 19,376 194.00 204.75 199.92 3 Chuck roll, retail ready 120 1 Brisket, deckle-off, bnls 20 76,790 145.00 164.00 153.60 120A 3 Brisket, point/off, bnls 18 15,275 257.85 280.00 269.66 123A 3 Short Plate, short rib 11 27,349 220.00 299.00 244.33 130 4 Chuck, short rib 12 19,302 190.50 211.80 203.53 160 1 Round, bone-in 6 4,810 171.00 178.00 175.85 161 1 Round, boneless 10 17,867 179.00 188.00 183.92 3 Round, bnls/peeled heel-out 5 8,125 194.62 219.00 208.57 167 1 Round, knuckle 167A 4 Round, knuckle, peeled 52 295,774 188.90 210.00 195.29 168 1 Round, top inside round 45 236,257 177.00 197.00 184.09 168 3 Round, top inside round 18 148,314 185.00 205.00 193.84 169 5 Round, top inside, denuded 20 21,658 219.00 240.00 228.64 3 Round, top inside, side off 170 1 Round, bottom gooseneck 12 26,234 165.50 171.00 167.57 171B 3 Round, outside round 39 298,702 180.00 193.00 184.07 171C 3 Round, eye of round 30 44,724 200.00 224.25 211.80 3 Round, flat/eye, heel-out 0 0 174 1 Loin, short loin, 2x3 174 3 Loin, short loin, 0x1 35 51,980 379.00 445.00 399.54 175 3 Loin, strip loin, 1x1 5 20,255 380.00 397.73 396.13 180 1 Loin, strip, bnls, heavy 1 Loin, strip loin bnls. 1x1 16 20,716 413.00 425.00 416.08 180 3 Loin, strip, bnls, 0x1 24 16,356 465.00 484.90 474.30 184 1 Loin, top butt, bnls, heavy 13 18,058 227.00 245.00 234.74 184 3 Loin, top butt, boneless 30 56,608 243.28 271.00 255.52 185A 4 Loin, bottom sirloin, flap 19 99,835 273.00 309.90 283.29 185B 1 Loin, ball-tip, bnls, light 185B 1 Loin, ball-tip, bnls, heavy 16 67,435 190.00 215.00 202.76 185C 1 Loin, sirloin, tri-tip 10 9,685 220.40 237.00 228.63 185D 4 Loin, sirloin, tri-tip, pld 15 20,021 304.00 356.90 329.23 189A 4 Loin, tndrloin, trmd, light 0 0 189A 4 Loin, tndrloin, trmd, heavy 33 122,316 820.00 872.00 827.86 191A 4 Loin, butt tender, trimmed 6 1,305 820.00 831.50 827.06 193 4 Flank, flank steak 22 46,193 340.00 365.00 357.25 -------------------------------------------------------------------------------- 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 23 187,540 379.17 422.25 381.19 112A 3 Rib, ribeye, bnls, light 17 30,930 470.21 500.00 490.40 112A 3 Rib, ribeye, bnls, heavy 32 46,396 460.70 495.00 477.65 113A 1 Chuck, square-cut, 2 piece 0 0 113C 1 Chuck, semi-bnls, neck/off 12 29,768 168.00 174.00 169.41 113C 3 Chuck, semi-bnls, neck/off 0 0 3 Chuck, semi-bnls n/o sh-cut 114 1 Chuck, shoulder clod 17 29,229 172.36 185.00 177.12 114A 3 Chuck, shoulder clod, trmd 20 61,843 185.00 191.65 189.30 114D 3 Chuck, clod, top blade 114E 3 Chuck, clod, arm roast 114F 5 Chuck, clod tender 4 1,246 235.00 235.00 235.00 115 1 Chuck, 2-piece, boneless 11 18,336 171.00 180.00 176.44 116A 3 Chuck, roll, lxl, neck/off 51 373,079 208.70 232.85 217.28 116B 1 Chuck, chuck tender 6 5,090 200.00 212.00 202.90 3 Chuck roll, retail ready 0 0 120 1 Brisket, deckle-off, bnls 28 220,658 145.00 160.00 151.32 120A 3 Brisket, point/off, bnls 4 5,318 268.50 275.50 270.43 123A 3 Short Plate, short rib 11 27,652 202.00 235.85 224.35 130 4 Chuck, short rib 11 20,786 180.00 210.50 189.85 160 1 Round, bone-in 5 5,957 177.00 177.00 177.00 161 1 Round, boneless 3 5,097 187.00 187.00 187.00 3 Round, bnls/peeled heel-out 167 1 Round, knuckle 0 0 167A 4 Round, knuckle, peeled 27 74,308 190.00 208.00 196.25 168 1 Round, top inside round 47 243,895 182.30 200.25 185.66 168 3 Round, top inside round 18 36,302 185.00 206.00 195.17 169 5 Round, top inside, denuded 12 28,357 222.00 232.00 227.27 3 Round, top Inside, side off 0 0 170 1 Round, bottom gooseneck 6 23,425 167.00 170.85 167.77 171B 3 Round, outside round 23 67,593 179.00 200.00 184.12 171C 3 Round, eye of round 21 53,866 192.00 215.00 208.09 3 Round, flat/eye, heel-out 0 0 174 1 Loin, short loin, 2x3 0 0 174 3 Loin, short loin, 0x1 25 40,306 376.14 404.00 390.74 175 3 Loin, strip loin, 1x1 180 1 Loin, strip, bnls, heavy 1 Loin, strip loin bnls. 1x1 7 2,709 370.00 390.00 383.17 180 3 Loin, strip, bnls, 0x1 15 23,707 400.00 430.00 413.72 184 1 Loin, top butt, bnls, heavy 13 105,536 191.00 220.00 207.83 184 3 Loin, top butt, boneless 22 33,631 214.00 245.00 222.40 185A 4 Loin, bottom sirloin, flap 10 27,668 273.00 294.00 278.47 185B 1 Loin, ball-tip, bnls, light 185B 1 Loin, ball-tip, bnls, heavy 15 79,846 189.00 206.50 195.65 185C 1 Loin, sirloin, tri-tip 10 35,666 211.40 227.00 217.13 185D 4 Loin, sirloin, tri-tip, pld 6 3,795 303.01 351.90 324.42 189A 4 Loin, tndrloin, trmd, light 0 0 189A 4 Loin, tndrloin, trmd, heavy 21 32,021 700.25 754.00 719.86 191A 4 Loin, butt tender, trimmed 6 2,407 675.25 720.00 711.63 193 4 Flank, flank steak 12 20,974 294.45 339.00 305.63 -------------------------------------------------------------------------------- CHOICE AND SELECT CUTS, Fat Limitations (FL) 1-6 -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Fresh 124 4 Rib, Back Ribs, Frozen 10 35,830 80.00 114.00 92.37 121D 4 Plate, Inside Skirt 22 227,642 256.10 285.00 270.42 121C 4 Plate, Outside Skirt 16 58,728 369.00 422.12 380.20 121E 6 Plate, Outside Skirt, pld 6 3,290 560.00 580.00 572.71 Cap and Wedge Meat 51 197,709 183.00 198.00 190.97 Pectoral Meat 26 47,301 197.00 215.50 204.81 -------------------------------------------------------------------------------- GROUND BEEF - STEER and HEIFER SOURCE -- 10 Pound Chub Basis -------------------------------------------------------------------------------- Ground Beef 73% 34 289,020 138.85 152.55 144.52 Ground Beef 75% 10 77,797 145.81 157.14 151.46 Ground Beef 81% 67 285,181 148.40 166.00 153.55 Ground Beef 85% Ground Beef 90% Ground Beef 93% 33 123,935 190.24 196.00 194.21 Ground Beef Chuck 31 217,402 157.00 168.90 162.19 Ground Beef Round 38 139,312 169.00 185.00 180.72 Ground Beef Sirloin -------------------------------------------------------------------------------- BLENDED GROUND BEEF - STEER, HEIFER and COW SOURCE -- 10 Pound Chub Basis -------------------------------------------------------------------------------- Blended Ground Beef 73% 22 118,953 136.60 164.00 143.46 Blended Ground Beef 75% Blended Ground Beef 81% 36 363,257 146.40 177.00 157.71 Blended Ground Beef 85% Blended Ground Beef 90% Blended Ground Beef 93% Blended Ground Beef Chuck 8 34,156 158.40 173.25 167.66 Blended Ground Beef Round 6 16,475 179.40 198.90 183.77 Blended Ground Beef Sirloin -------------------------------------------------------------------------------- BEEF TRIMMINGS - STEER and HEIFER SOURCE -------------------------------------------------------------------------------- Fresh 50% lean trimmings 19 532,409 85.00 101.50 94.79 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_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 .