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Closing Boxed Beef Market Activity

DES MOINES - May 9/08 - SNS -- End of day market prices and volumes for the U.S. domestic boxed beef trade were reported by the USDA, showing prices and quantities traded for individual cuts.


NATIONAL DAILY BOXED BEEF CUTOUT AND BOXED BEEF CUTS - Negotiated Sales -
Afternoon

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 1:30pm

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.

Boxed beef cutout values were steady to firm on light to moderate demand and
offerings. Select and Choice chuck and round cuts were generally steady.
Select rib and loin cuts were steady to weak while Choice was firm. Beef trimmings
were higher on moderate demand and light offerings.

                                                CHOICE         SELECT
                                                600-900        600-900
--------------------------------------------------------------------------------
Current Cutout Values:                          156.04         151.83
Change from prior day:                            0.86         (0.27)
--------------------------------------------------------------------------------
Choice/Select spread:                                    4.21

Total Load Count (Cuts, Trimmings, Grinds):               272
--------------------------------------------------------------------------------
COMPOSITE PRIMAL VALUES
 Primal Rib                                     233.01         227.37
 Primal Chuck                                   115.54         113.46
 Primal Round                                   135.40         134.47
 Primal Loin                                    235.68         222.33
 Primal Brisket                                  86.91          86.28
 Primal Short Plate                             108.04         110.49
 Primal Flank                                    94.02          92.01
--------------------------------------------------------------------------------
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            104.74  loads          4,189,658  pounds
 Select Cuts            100.23  loads          4,009,290  pounds
 Trimmings               16.14  loads            645,628  pounds
 Coarse Grinds           51.03  loads          2,041,014  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      10,845   341.65  390.00  361.01
109E 1  Rib, ribeye, lip-on, bn-in       41     116,077   436.34  485.00  470.59
112A 3  Rib, ribeye, bnls, light         12      17,191   537.00  560.00  540.15
112A 3  Rib, ribeye, bnls, heavy         27      59,526   528.20  560.60  543.55
113A 1  Chuck, square-cut, 2 piece
113C 1  Chuck, semi-bnls, neck/off        6      13,812   129.95  136.00  132.79
113C 3  Chuck, semi-bnls, neck/off
     3  Chuck, semi-bnls n/o sh-cut
114  1  Chuck, shoulder clod             18     115,789   132.00  141.00  137.65
114A 3  Chuck, shoulder clod, trmd       36     253,083   141.00  152.00  146.72
114D 3  Chuck, clod, top blade            6       3,755   214.15  243.00  239.37
114E 3  Chuck, clod, arm roast
114F 5  Chuck, clod tender                3       2,279   344.00  368.20  362.54
115  1  Chuck, 2-piece, boneless         11      13,867   136.00  149.00  140.56
116A 3  Chuck, roll, lxl, neck/off       55     340,632   156.70  177.00  162.44
116B 1  Chuck, chuck tender              25     154,664   149.00  162.30  153.34
     3  Chuck roll, retail ready          6      52,612   162.00  199.75  186.05
120  1  Brisket, deckle-off, bnls        28     200,638   115.98  125.00  118.86
120A 3  Brisket, point/off, bnls         13      16,787   192.00  225.00  208.62
123A 3  Short Plate, short rib           10     100,560   225.00  280.00  248.63
130  4  Chuck, short rib                 18      60,400   161.00  220.00  178.15
160  1  Round, bone-in                    9       6,402   150.15  157.25  152.21
161  1  Round, boneless                   8      13,044   162.00  172.00  164.61
     3  Round, bnls/peeled heel-out       5      22,310   164.34  185.00  177.34
167  1  Round, knuckle                    0           0
167A 4  Round, knuckle, peeled           58     319,801   186.34  213.00  199.84
168  1  Round, top inside round          32     132,143   189.40  197.00  192.54
168  3  Round, top inside round          23     122,774   194.00  210.00  201.46
169  5  Round, top inside, denuded       20      69,458   229.69  238.65  235.31
     3  Round, top inside, side off
170  1  Round, bottom gooseneck           6       6,046   147.00  155.25  148.73
171B 3  Round, outside round             47     264,741   139.31  157.50  149.16
171C 3  Round, eye of round              45     128,524   150.34  175.00  160.77
     3  Round, flat/eye, heel-out
174  1  Loin, short loin, 2x3
174  3  Loin, short loin, 0x1            25      39,562   536.34  636.00  570.45
175  3  Loin, strip loin, 1x1
180  1  Loin, strip, bnls, heavy
     1  Loin, strip loin bnls. 1x1       12      12,055   538.50  550.00  543.38
180  3  Loin, strip, bnls, 0x1           46     273,715   586.34  640.00  619.60
184  1  Loin, top butt, bnls, heavy      14      70,766   199.50  250.00  218.15
184  3  Loin, top butt, boneless         45     424,077   234.50  287.75  257.84
185A 4  Loin, bottom sirloin, flap       32     126,158   335.00  370.00  352.85
185B 1  Loin, ball-tip, bnls, light
185B 1  Loin, ball-tip, bnls, heavy      15      48,034   182.00  194.95  188.47
185C 1  Loin, sirloin, tri-tip           11      24,143   245.50  265.25  247.78
185D 4  Loin, sirloin, tri-tip, pld       9      29,370   334.95  357.00  348.50
189A 4  Loin, tndrloin, trmd, light
189A 4  Loin, tndrloin, trmd, heavy      36      88,972   734.00  795.00  773.73
191A 4  Loin, butt tender, trimmed        4       2,158   753.00  768.60  753.78
193  4  Flank, flank steak               13      16,964   356.00  390.00  367.31
--------------------------------------------------------------------------------
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       28      86,944   424.00  475.00  443.78
112A 3  Rib, ribeye, bnls, light         14     117,284   510.00  550.00  540.83
112A 3  Rib, ribeye, bnls, heavy         18      54,656   504.00  560.00  534.85
113A 1  Chuck, square-cut, 2 piece        0           0
113C 1  Chuck, semi-bnls, neck/off       20      77,198   129.70  137.00  131.62
113C 3  Chuck, semi-bnls, neck/off
     3  Chuck, semi-bnls n/o sh-cut
114  1  Chuck, shoulder clod             10      50,540   136.00  142.65  137.08
114A 3  Chuck, shoulder clod, trmd       34     299,545   138.25  152.00  146.37
114D 3  Chuck, clod, top blade            0           0
114E 3  Chuck, clod, arm roast
114F 5  Chuck, clod tender                4       6,357   335.00  380.00  349.13
115  1  Chuck, 2-piece, boneless         21      48,978   135.04  149.00  141.02
116A 3  Chuck, roll, lxl, neck/off       60     679,849   158.65  174.00  160.63
116B 1  Chuck, chuck tender              22      84,670   151.00  165.00  154.27
     3  Chuck roll, retail ready
120  1  Brisket, deckle-off, bnls        14      30,827   118.00  122.00  119.47
120A 3  Brisket, point/off, bnls          5       6,223   215.00  250.56  225.75
123A 3  Short Plate, short rib           19      59,649   230.07  280.00  238.54
130  4  Chuck, short rib                 13      46,122   179.00  193.00  181.71
160  1  Round, bone-in                    4       4,156   148.20  157.25  150.64
161  1  Round, boneless                   7       9,632   157.50  164.65  161.14
     3  Round, bnls/peeled heel-out
167  1  Round, knuckle
167A 4  Round, knuckle, peeled           56     194,455   192.00  220.00  200.23
168  1  Round, top inside round          46     220,422   183.00  198.00  190.93
168  3  Round, top inside round          23     195,032   192.00  209.00  200.10
169  5  Round, top inside, denuded        9      14,979   230.00  238.60  234.16
     3  Round, top Inside, side off
170  1  Round, bottom gooseneck          12      18,589   139.00  156.65  145.90
171B 3  Round, outside round             37     151,867   139.31  163.65  150.63
171C 3  Round, eye of round              36      43,788   156.65  172.00  163.45
     3  Round, flat/eye, heel-out         0           0
174  1  Loin, short loin, 2x3             4       2,251   417.20  450.25  429.33
174  3  Loin, short loin, 0x1            25     146,744   515.00  541.25  521.91
175  3  Loin, strip loin, 1x1             3      23,496   445.40  473.00  450.52
180  1  Loin, strip, bnls, heavy
     1  Loin, strip loin bnls. 1x1        4       5,291   515.00  519.00  515.84
180  3  Loin, strip, bnls, 0x1           23     109,295   519.25  590.04  547.44
184  1  Loin, top butt, bnls, heavy      20      44,422   200.00  235.25  212.37
184  3  Loin, top butt, boneless         27     106,069   221.00  255.00  237.60
185A 4  Loin, bottom sirloin, flap       13      58,538   335.00  360.00  341.92
185B 1  Loin, ball-tip, bnls, light
185B 1  Loin, ball-tip, bnls, heavy      18      59,530   173.00  195.65  177.78
185C 1  Loin, sirloin, tri-tip           13      47,234   240.00  255.00  241.24
185D 4  Loin, sirloin, tri-tip, pld       7       9,454   327.95  349.25  341.09
189A 4  Loin, tndrloin, trmd, light
189A 4  Loin, tndrloin, trmd, heavy      31     267,194   685.13  833.00  695.76
191A 4  Loin, butt tender, trimmed       11      10,713   715.65  770.04  754.89
193  4  Flank, flank steak               14      28,461   330.00  370.25  346.45
--------------------------------------------------------------------------------
CHOICE AND SELECT CUTS, Fat Limitations (FL) 1-6
--------------------------------------------------------------------------------
124  4  Rib, Back Ribs, Fresh             3      11,573   122.00  128.24  127.02
124  4  Rib, Back Ribs, Frozen            3       1,185    85.00   90.00   87.31
121D 4  Plate, Inside Skirt              38     102,198   275.02  325.00  293.66
121C 4  Plate, Outside Skirt             25      74,574   295.00  387.00  324.96
121E 6  Plate, Outside Skirt, pld        12      53,853   481.50  530.00  503.50
        Cap and Wedge Meat               56     284,064   164.65  195.00  171.56
        Pectoral Meat                    40     204,550   171.25  203.25  189.87
--------------------------------------------------------------------------------
GROUND BEEF - STEER and HEIFER SOURCE -- 10 Pound Chub Basis
--------------------------------------------------------------------------------
Ground Beef 73%                          25     259,504   125.00  137.00  130.00
Ground Beef 75%                           4      25,779   133.00  143.00  134.97
Ground Beef 81%                          54     468,608   130.00  149.00  136.87
Ground Beef 85%
Ground Beef 90%
Ground Beef 93%                          25     180,422   164.16  191.65  174.91
Ground Beef Chuck                        19     202,788   139.97  150.00  141.96
Ground Beef Round                        17     123,563   157.50  168.00  162.46
Ground Beef Sirloin
--------------------------------------------------------------------------------
BLENDED GROUND BEEF - STEER, HEIFER and COW SOURCE -- 10 Pound Chub Basis
--------------------------------------------------------------------------------
Blended Ground Beef 73%                  19     145,790   126.20  144.00  131.86
Blended Ground Beef 75%
Blended Ground Beef 81%                  28     292,716   128.60  155.00  139.56
Blended Ground Beef 85%
Blended Ground Beef 90%
Blended Ground Beef 93%
Blended Ground Beef Chuck                 8     110,211   124.40  158.00  140.66
Blended Ground Beef Round                15      83,533   145.00  177.20  163.24
Blended Ground Beef Sirloin
--------------------------------------------------------------------------------
BEEF TRIMMINGS - STEER and HEIFER SOURCE
--------------------------------------------------------------------------------
Fresh 50% lean trimmings                 14     522,628    77.50   82.49   79.83
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

---

STAT News Service


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