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Opening Boxed Beef Market Activity
DES MOINES - May 9/08 - SNS -- Opening market prices and volumes were reported by the USDA this morning for the U.S. domestic market for boxed beef, with sales broken down by cut.
NATIONAL DAILY BOXED BEEF CUTOUT AND BOXED BEEF CUTS - Negotiated Sales -
Morning
This report is based on information provided by companies that agreed to
continue to participate in Livestock Mandatory Reporting on a voluntary basis.
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: 156.08 151.47
Change from prior day: 0.90 (0.63)
--------------------------------------------------------------------------------
Choice/Select spread: 4.60
Total Load Count (Cuts, Trimmings, Grinds): 159
--------------------------------------------------------------------------------
COMPOSITE PRIMAL VALUES
Primal Rib 232.43 225.30
Primal Chuck 116.45 113.92
Primal Round 135.30 134.63
Primal Loin 235.12 221.12
Primal Brisket 86.96 86.26
Primal Short Plate 107.72 110.12
Primal Flank 93.80 91.82
--------------------------------------------------------------------------------
LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS
CHOICE SELECT
Date Choice Select Trim Grinds Total 600-900 600-900
05/08 146 111 5 89 351 155.18 152.10
05/07 247 106 58 68 480 155.00 152.79
05/06 112 79 19 65 276 154.97 152.64
05/05 97 54 6 46 203 155.46 151.97
05/02 98 69 19 71 257 154.46 152.45
--------------------------------------------------------------------------------
Current 5 Day Simple Average: 155.02 152.39
--------------------------------------------------------------------------------
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 53.60 loads 2,143,938 pounds
Select Cuts 68.58 loads 2,743,114 pounds
Trimmings 11.36 loads 454,390 pounds
Coarse Grinds 25.82 loads 1,032,819 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
109E 1 Rib, ribeye, lip-on, bn-in 23 82,349 436.34 480.00 466.76
112A 3 Rib, ribeye, bnls, light 6 15,012 537.00 556.90 538.70
112A 3 Rib, ribeye, bnls, heavy 13 23,475 537.00 560.60 549.49
113A 1 Chuck, square-cut, 2 piece
113C 1 Chuck, semi-bnls, neck/off 4 6,429 129.95 145.00 131.95
113C 3 Chuck, semi-bnls, neck/off
3 Chuck, semi-bnls n/o sh-cut
114 1 Chuck, shoulder clod 6 48,448 135.00 141.00 139.18
114A 3 Chuck, shoulder clod, trmd 27 189,345 141.00 152.00 146.44
114D 3 Chuck, clod, top blade 3 1,976 240.00 243.00 242.37
114E 3 Chuck, clod, arm roast
114F 5 Chuck, clod tender 0 0
115 1 Chuck, 2-piece, boneless 7 8,906 136.00 147.00 139.27
116A 3 Chuck, roll, lxl, neck/off 25 116,056 158.73 177.00 163.11
116B 1 Chuck, chuck tender 15 119,233 151.50 159.00 152.65
3 Chuck roll, retail ready 6 52,612 162.00 199.75 186.05
120 1 Brisket, deckle-off, bnls 13 67,939 117.61 123.00 118.80
120A 3 Brisket, point/off, bnls 8 9,076 198.00 225.00 211.16
123A 3 Short Plate, short rib 6 88,846 225.00 280.00 246.12
130 4 Chuck, short rib 13 48,410 168.00 190.60 180.80
160 1 Round, bone-in 4 2,745 150.65 153.65 152.94
161 1 Round, boneless 3 1,899 162.00 166.00 163.54
3 Round, bnls/peeled heel-out 4 16,892 164.34 185.00 176.17
167 1 Round, knuckle 0 0
167A 4 Round, knuckle, peeled 28 121,514 186.34 213.00 197.63
168 1 Round, top inside round 16 88,932 189.40 197.00 192.58
168 3 Round, top inside round 10 35,694 194.00 205.00 199.29
169 5 Round, top inside, denuded 9 22,682 231.35 238.00 233.11
3 Round, top inside, side off
170 1 Round, bottom gooseneck 5 5,217 147.00 155.25 148.52
171B 3 Round, outside round 17 121,609 141.20 155.00 146.78
171C 3 Round, eye of round 21 54,884 150.34 175.00 159.97
3 Round, flat/eye, heel-out
174 1 Loin, short loin, 2x3
174 3 Loin, short loin, 0x1 16 30,361 536.34 580.25 563.50
175 3 Loin, strip loin, 1x1
180 1 Loin, strip, bnls, heavy
1 Loin, strip loin bnls. 1x1 4 4,499 546.00 550.00 546.70
180 3 Loin, strip, bnls, 0x1 25 65,519 586.34 640.00 616.34
184 1 Loin, top butt, bnls, heavy 7 61,308 199.50 250.00 214.33
184 3 Loin, top butt, boneless 25 224,194 234.50 287.75 252.21
185A 4 Loin, bottom sirloin, flap 17 77,855 340.00 370.00 349.99
185B 1 Loin, ball-tip, bnls, light
185B 1 Loin, ball-tip, bnls, heavy 9 32,081 182.00 194.95 187.92
185C 1 Loin, sirloin, tri-tip 6 10,244 246.65 253.35 249.05
185D 4 Loin, sirloin, tri-tip, pld 7 13,245 334.95 350.00 345.60
189A 4 Loin, tndrloin, trmd, light
189A 4 Loin, tndrloin, trmd, heavy 21 62,940 734.00 791.00 768.43
191A 4 Loin, butt tender, trimmed 3 2,101 753.00 760.00 753.38
193 4 Flank, flank steak 7 11,976 356.00 378.00 365.85
--------------------------------------------------------------------------------
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 18 81,708 424.00 472.00 442.28
112A 3 Rib, ribeye, bnls, light 7 26,702 510.00 550.00 527.80
112A 3 Rib, ribeye, bnls, heavy 12 23,772 504.00 554.43 512.76
113A 1 Chuck, square-cut, 2 piece 0 0
113C 1 Chuck, semi-bnls, neck/off 11 60,682 129.95 137.00 131.25
113C 3 Chuck, semi-bnls, neck/off
3 Chuck, semi-bnls n/o sh-cut 0 0
114 1 Chuck, shoulder clod 7 39,914 136.00 142.65 136.68
114A 3 Chuck, shoulder clod, trmd 24 216,357 142.13 158.00 146.45
114D 3 Chuck, clod, top blade 0 0
114E 3 Chuck, clod, arm roast 0 0
114F 5 Chuck, clod tender
115 1 Chuck, 2-piece, boneless 13 37,916 135.04 149.00 140.79
116A 3 Chuck, roll, lxl, neck/off 36 485,861 158.65 174.00 159.69
116B 1 Chuck, chuck tender 15 82,772 151.00 165.00 154.14
3 Chuck roll, retail ready
120 1 Brisket, deckle-off, bnls 12 28,393 118.00 122.00 119.53
120A 3 Brisket, point/off, bnls 5 6,223 215.00 250.56 225.75
123A 3 Short Plate, short rib 12 52,138 230.07 280.00 237.07
130 4 Chuck, short rib 11 37,304 179.00 215.25 182.13
160 1 Round, bone-in 3 4,027 148.20 153.00 150.43
161 1 Round, boneless 5 9,227 157.50 164.65 161.04
3 Round, bnls/peeled heel-out 0 0
167 1 Round, knuckle 0 0
167A 4 Round, knuckle, peeled 34 139,654 192.00 216.50 200.19
168 1 Round, top inside round 20 134,252 183.00 196.00 190.44
168 3 Round, top inside round 17 75,090 192.00 209.00 199.19
169 5 Round, top inside, denuded 7 12,084 230.23 238.60 235.16
3 Round, top Inside, side off 0 0
170 1 Round, bottom gooseneck 7 10,500 143.00 156.65 147.10
171B 3 Round, outside round 14 51,448 147.70 159.00 151.37
171C 3 Round, eye of round 18 25,753 156.65 175.00 162.56
3 Round, flat/eye, heel-out 0 0
174 1 Loin, short loin, 2x3 3 2,087 417.20 439.00 427.69
174 3 Loin, short loin, 0x1 17 135,127 515.00 541.25 521.29
175 3 Loin, strip loin, 1x1 3 23,496 445.40 473.00 450.52
180 1 Loin, strip, bnls, heavy 0 0
1 Loin, strip loin bnls. 1x1
180 3 Loin, strip, bnls, 0x1 14 82,066 519.25 585.00 534.77
184 1 Loin, top butt, bnls, heavy 13 40,379 200.00 230.00 211.51
184 3 Loin, top butt, boneless 18 93,117 221.00 255.00 237.50
185A 4 Loin, bottom sirloin, flap 4 11,919 340.00 351.65 343.45
185B 1 Loin, ball-tip, bnls, light
185B 1 Loin, ball-tip, bnls, heavy 9 56,841 173.00 195.65 177.09
185C 1 Loin, sirloin, tri-tip 8 41,510 240.00 255.00 240.75
185D 4 Loin, sirloin, tri-tip, pld 5 7,996 327.95 349.25 341.23
189A 4 Loin, tndrloin, trmd, light
189A 4 Loin, tndrloin, trmd, heavy 22 247,408 685.13 760.25 691.76
191A 4 Loin, butt tender, trimmed 5 4,129 716.65 760.21 736.84
193 4 Flank, flank steak 6 5,060 335.00 370.25 357.44
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CHOICE AND SELECT CUTS, Fat Limitations (FL) 1-6
--------------------------------------------------------------------------------
124 4 Rib, Back Ribs, Fresh
124 4 Rib, Back Ribs, Frozen 3 1,169 85.00 115.00 89.48
121D 4 Plate, Inside Skirt 21 56,287 280.56 325.00 296.75
121C 4 Plate, Outside Skirt 20 69,422 295.00 365.00 321.38
121E 6 Plate, Outside Skirt, pld 5 2,661 481.50 525.00 510.65
Cap and Wedge Meat 36 200,047 164.65 190.00 170.86
Pectoral Meat 25 97,053 175.00 203.25 192.23
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GROUND BEEF - STEER and HEIFER SOURCE -- 10 Pound Chub Basis
--------------------------------------------------------------------------------
Ground Beef 73% 11 150,393 125.00 137.00 130.10
Ground Beef 75%
Ground Beef 81% 26 244,221 134.50 149.00 139.05
Ground Beef 85%
Ground Beef 90%
Ground Beef 93% 15 150,501 164.16 191.65 175.24
Ground Beef Chuck 12 55,455 142.00 150.00 144.71
Ground Beef Round 11 107,086 157.50 168.00 162.78
Ground Beef Sirloin
--------------------------------------------------------------------------------
BLENDED GROUND BEEF - STEER, HEIFER and COW SOURCE -- 10 Pound Chub Basis
--------------------------------------------------------------------------------
Blended Ground Beef 73% 12 89,890 126.20 144.00 130.52
Blended Ground Beef 75%
Blended Ground Beef 81% 13 125,170 137.00 155.00 141.90
Blended Ground Beef 85%
Blended Ground Beef 90%
Blended Ground Beef 93%
Blended Ground Beef Chuck 0 0
Blended Ground Beef Round 5 34,600 163.91 177.20 174.31
Blended Ground Beef Sirloin
--------------------------------------------------------------------------------
BEEF TRIMMINGS - STEER and HEIFER SOURCE
--------------------------------------------------------------------------------
Fresh 50% lean trimmings 9 370,390 77.50 80.00 79.42
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
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