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Closing Boxed Beef Market Activity
DES MOINES - May 15/08 - 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 steady to firm on modertate demand and offerings.
Select and Choice chuck and rounds firm, while rib and loins steady to weak.
Beef trimmings higher on light to moderate demand and light offerings.
CHOICE SELECT
600-900 600-900
--------------------------------------------------------------------------------
Current Cutout Values: 156.83 152.16
Change from prior day: 0.33 0.01
--------------------------------------------------------------------------------
Choice/Select spread: 4.67
Total Load Count (Cuts, Trimmings, Grinds): 333
--------------------------------------------------------------------------------
COMPOSITE PRIMAL VALUES
Primal Rib 233.86 228.97
Primal Chuck 114.79 114.26
Primal Round 134.97 133.31
Primal Loin 238.53 221.45
Primal Brisket 89.00 88.66
Primal Short Plate 111.23 113.26
Primal Flank 96.16 93.33
--------------------------------------------------------------------------------
LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS
CHOICE SELECT
Date Choice Select Trim Grinds Total 600-900 600-900
05/14 160 154 15 95 424 156.50 152.15
05/13 129 142 16 72 358 156.56 151.94
05/12 103 75 9 59 247 156.84 152.19
05/09 105 100 16 51 272 156.04 151.83
05/08 146 111 5 89 351 155.18 152.10
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Current 5 Day Simple Average: 156.22 152.04
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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 154.68 loads 6,187,002 pounds
Select Cuts 114.70 loads 4,588,068 pounds
Trimmings 8.60 loads 344,160 pounds
Coarse Grinds 54.76 loads 2,190,445 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 6 14,756 360.50 384.00 366.93
109E 1 Rib, ribeye, lip-on, bn-in 47 169,817 440.00 485.04 461.52
112A 3 Rib, ribeye, bnls, light 23 75,560 523.50 567.00 540.80
112A 3 Rib, ribeye, bnls, heavy 45 116,708 523.50 571.00 539.09
113A 1 Chuck, square-cut, 2 piece 0 0
113C 1 Chuck, semi-bnls, neck/off 14 70,840 132.50 136.50 133.69
113C 3 Chuck, semi-bnls, neck/off
3 Chuck, semi-bnls n/o sh-cut 0 0
114 1 Chuck, shoulder clod 17 45,940 131.50 145.00 137.92
114A 3 Chuck, shoulder clod, trmd 47 420,874 137.00 155.00 142.94
114D 3 Chuck, clod, top blade 15 100,965 190.00 240.85 199.89
114E 3 Chuck, clod, arm roast
114F 5 Chuck, clod tender 7 9,653 370.38 400.00 389.49
115 1 Chuck, 2-piece, boneless 11 20,288 142.00 149.00 145.61
116A 3 Chuck, roll, lxl, neck/off 86 600,106 154.00 175.00 164.51
116B 1 Chuck, chuck tender 41 181,021 151.44 162.65 155.52
3 Chuck roll, retail ready 12 116,637 165.00 184.15 177.38
120 1 Brisket, deckle-off, bnls 36 295,401 114.00 128.00 121.03
120A 3 Brisket, point/off, bnls 24 50,009 190.00 225.85 205.28
123A 3 Short Plate, short rib 36 105,590 225.00 291.12 240.43
130 4 Chuck, short rib 16 38,329 168.00 220.25 193.62
160 1 Round, bone-in 10 20,012 150.00 153.50 151.71
161 1 Round, boneless 9 63,672 160.00 177.00 161.17
3 Round, bnls/peeled heel-out
167 1 Round, knuckle
167A 4 Round, knuckle, peeled 72 211,711 180.00 210.00 192.52
168 1 Round, top inside round 35 218,390 179.40 194.00 188.53
168 3 Round, top inside round 23 182,363 195.00 205.50 201.08
169 5 Round, top inside, denuded 20 23,566 218.53 237.85 232.93
3 Round, top inside, side off 4 36,573 196.00 238.75 203.11
170 1 Round, bottom gooseneck 11 10,982 140.00 153.00 146.69
171B 3 Round, outside round 78 1,093,530 139.99 161.00 146.98
171C 3 Round, eye of round 43 135,151 162.00 178.10 167.46
3 Round, flat/eye, heel-out 0 0
174 1 Loin, short loin, 2x3
174 3 Loin, short loin, 0x1 41 64,504 520.00 591.00 556.02
175 3 Loin, strip loin, 1x1 10 58,197 495.18 561.00 520.63
180 1 Loin, strip, bnls, heavy
1 Loin, strip loin bnls. 1x1 17 33,296 518.85 567.00 542.30
180 3 Loin, strip, bnls, 0x1 45 90,333 600.00 646.00 622.19
184 1 Loin, top butt, bnls, heavy 21 34,459 218.67 250.00 231.76
184 3 Loin, top butt, boneless 52 205,409 229.00 290.00 246.52
185A 4 Loin, bottom sirloin, flap 67 219,341 339.75 365.25 345.51
185B 1 Loin, ball-tip, bnls, light 3 3,641 148.00 160.50 155.16
185B 1 Loin, ball-tip, bnls, heavy 29 97,158 185.00 200.70 189.48
185C 1 Loin, sirloin, tri-tip 22 113,666 238.50 255.00 241.36
185D 4 Loin, sirloin, tri-tip, pld 24 47,649 337.00 360.00 346.18
189A 4 Loin, tndrloin, trmd, light 0 0
189A 4 Loin, tndrloin, trmd, heavy 48 156,101 753.50 820.00 776.40
191A 4 Loin, butt tender, trimmed 9 5,601 750.00 785.35 756.07
193 4 Flank, flank steak 25 43,778 320.00 390.00 351.26
--------------------------------------------------------------------------------
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 40 71,229 423.45 477.00 446.38
112A 3 Rib, ribeye, bnls, light 17 65,134 515.00 560.00 523.70
112A 3 Rib, ribeye, bnls, heavy 42 51,092 500.90 555.00 528.24
113A 1 Chuck, square-cut, 2 piece 0 0
113C 1 Chuck, semi-bnls, neck/off 42 87,532 131.50 138.65 133.83
113C 3 Chuck, semi-bnls, neck/off
3 Chuck, semi-bnls n/o sh-cut
114 1 Chuck, shoulder clod 16 53,460 132.00 144.00 136.35
114A 3 Chuck, shoulder clod, trmd 49 193,104 141.50 155.00 145.22
114D 3 Chuck, clod, top blade 0 0
114E 3 Chuck, clod, arm roast
114F 5 Chuck, clod tender 8 6,230 335.00 380.00 359.74
115 1 Chuck, 2-piece, boneless 22 61,314 139.00 147.00 142.47
116A 3 Chuck, roll, lxl, neck/off 93 396,040 154.00 173.00 163.70
116B 1 Chuck, chuck tender 31 68,649 151.00 168.00 154.02
3 Chuck roll, retail ready
120 1 Brisket, deckle-off, bnls 51 320,403 114.00 128.00 120.70
120A 3 Brisket, point/off, bnls 4 8,716 209.50 224.00 211.29
123A 3 Short Plate, short rib 19 53,084 218.08 290.00 240.84
130 4 Chuck, short rib 13 28,255 167.00 220.00 179.27
160 1 Round, bone-in 4 3,444 149.70 151.00 150.73
161 1 Round, boneless 12 49,787 160.00 162.00 161.08
3 Round, bnls/peeled heel-out
167 1 Round, knuckle
167A 4 Round, knuckle, peeled 71 220,985 179.98 210.00 194.87
168 1 Round, top inside round 52 274,054 179.40 196.87 190.75
168 3 Round, top inside round 31 251,030 187.24 206.00 193.71
169 5 Round, top inside, denuded 28 33,805 229.00 236.00 231.86
3 Round, top Inside, side off 0 0
170 1 Round, bottom gooseneck 16 21,387 142.00 155.00 148.19
171B 3 Round, outside round 61 340,575 145.00 164.25 149.42
171C 3 Round, eye of round 45 65,974 158.00 175.00 165.22
3 Round, flat/eye, heel-out 0 0
174 1 Loin, short loin, 2x3 7 3,333 439.95 450.00 444.20
174 3 Loin, short loin, 0x1 56 175,242 487.45 542.25 511.65
175 3 Loin, strip loin, 1x1 3 5,643 460.00 501.55 492.24
180 1 Loin, strip, bnls, heavy
1 Loin, strip loin bnls. 1x1 9 8,550 499.85 531.00 520.87
180 3 Loin, strip, bnls, 0x1 46 106,704 520.00 590.00 536.46
184 1 Loin, top butt, bnls, heavy 22 47,181 201.25 236.00 220.93
184 3 Loin, top butt, boneless 54 545,147 219.00 255.00 225.67
185A 4 Loin, bottom sirloin, flap 18 62,156 335.00 355.00 341.72
185B 1 Loin, ball-tip, bnls, light
185B 1 Loin, ball-tip, bnls, heavy 25 52,936 173.44 194.85 182.54
185C 1 Loin, sirloin, tri-tip 22 28,783 230.00 250.85 240.90
185D 4 Loin, sirloin, tri-tip, pld 10 10,729 324.00 352.25 340.25
189A 4 Loin, tndrloin, trmd, light
189A 4 Loin, tndrloin, trmd, heavy 36 207,144 693.44 805.00 700.72
191A 4 Loin, butt tender, trimmed 10 7,928 710.65 771.70 732.43
193 4 Flank, flank steak 16 39,321 319.00 361.25 333.28
--------------------------------------------------------------------------------
CHOICE AND SELECT CUTS, Fat Limitations (FL) 1-6
--------------------------------------------------------------------------------
124 4 Rib, Back Ribs, Fresh 5 9,160 95.40 134.50 115.07
124 4 Rib, Back Ribs, Frozen 22 18,515 85.65 105.00 96.26
121D 4 Plate, Inside Skirt 30 70,578 275.31 315.80 292.13
121C 4 Plate, Outside Skirt 27 95,884 266.20 382.00 316.00
121E 6 Plate, Outside Skirt, pld 11 17,477 481.50 545.00 507.95
Cap and Wedge Meat 77 477,074 165.00 187.25 171.90
Pectoral Meat 41 105,661 171.75 202.25 184.65
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GROUND BEEF - STEER and HEIFER SOURCE -- 10 Pound Chub Basis
--------------------------------------------------------------------------------
Ground Beef 73% 34 293,635 118.00 138.68 134.65
Ground Beef 75% 9 218,080 120.72 145.17 141.59
Ground Beef 81% 61 447,661 133.85 150.00 142.92
Ground Beef 85%
Ground Beef 90% 0 0
Ground Beef 93% 15 95,136 169.55 196.00 182.06
Ground Beef Chuck 25 278,943 143.75 154.00 147.57
Ground Beef Round 31 114,270 158.95 169.05 164.68
Ground Beef Sirloin
--------------------------------------------------------------------------------
BLENDED GROUND BEEF - STEER, HEIFER and COW SOURCE -- 10 Pound Chub Basis
--------------------------------------------------------------------------------
Blended Ground Beef 73% 22 52,201 127.80 155.00 132.54
Blended Ground Beef 75%
Blended Ground Beef 81% 54 436,586 135.00 155.92 140.66
Blended Ground Beef 85%
Blended Ground Beef 90%
Blended Ground Beef 93%
Blended Ground Beef Chuck
Blended Ground Beef Round 19 95,000 168.20 179.31 173.20
Blended Ground Beef Sirloin
--------------------------------------------------------------------------------
BEEF TRIMMINGS - STEER and HEIFER SOURCE
--------------------------------------------------------------------------------
Fresh 50% lean trimmings 11 344,160 86.60 91.00 87.37
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
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