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Closing Boxed Beef Market Activity
DES MOINES - May 10/04 - 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
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 moderate demand and offerings. Select
and Choice chuck and round cuts steady to weak, while rib and loin cuts steady
to firm. Beef trimmings lower on light demand and moderate offerings.
CHOICE CHOICE CHOICE SELECT SELECT SELECT
600-900 600-750 750-900 600-900 600-750 750-900
--------------------------------------------------------------------------------
Current Cutout Values: 160.20 160.69 161.29 139.29 140.35 139.48
Change from prior day: 0.65 1.40 0.42 (0.02) 0.12 0.14
--------------------------------------------------------------------------------
Choice/Select spread: 20.91 20.34 21.81
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COMPOSITE PRIMAL VALUES
Primal Rib 272.32 274.37 273.76 219.44 218.42 220.76
Primal Chuck 90.56 96.51 90.54 91.56 96.27 91.50
Primal Round 124.34 124.27 124.33 113.67 113.20 113.65
Primal Loin 294.77 287.79 299.20 234.55 234.02 234.83
Primal Brisket 68.50 68.50 68.50 68.63 68.63 68.63
Primal Short Plate 78.15 78.15 78.15 80.16 80.16 80.16
Primal Flank 97.42 97.42 97.42 90.82 90.82 90.82
--------------------------------------------------------------------------------
LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS
Date CH SE Trim Grnd CH CH CH SE SE SE
600-900 600-750 750-900 600-900 600-750 750-900
05/07 135 82 47 82 159.55 159.29 160.87 139.31 140.23 139.34
05/06 133 170 49 71 159.87 159.54 160.93 139.71 140.28 139.79
05/05 193 152 50 148 160.84 160.55 161.67 140.41 140.39 140.65
05/04 111 134 26 83 161.00 160.53 161.93 140.57 140.65 140.87
05/03 77 77 22 78 159.21 159.42 160.26 139.02 139.49 139.40
--------------------------------------------------------------------------------
Current 5 Day Simple Average:
160.10 159.86 161.13 139.80 140.21 140.01
--------------------------------------------------------------------------------
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 124.11 loads 4,964,266 pounds
Select Cuts 104.60 loads 4,184,025 pounds
Trimmings 11.34 loads 453,564 pounds
Coarse Grinds 61.66 loads 2,466,455 pounds
--------------------------------------------------------------------------------
Choice Cuts, Fat Limitations 1-6
IMPS/FL Sub-Primal # of Total Price Weighted
Trades Pounds Range Average
--------------------------------------------------------------------------------
107 1 Rib, oven prepared
109A 1 Rib, roast-ready, heavy 15 18,052 457.15 481.00 466.40
109E 1 Rib, ribeye, lip-on, bn-in 32 83,753 602.00 641.87 630.52
112A 3 Rib, ribeye, bnls, light 18 25,466 709.85 740.25 723.58
112A 3 Rib, ribeye, bnls, heavy 38 44,394 702.00 745.00 721.71
113A 1 Chuck, square-cut, 2 piece
113C 1 Chuck, semi-bnls, neck/off
113C 3 Chuck, semi-bnls, neck/off
3 Chuck, semi-bnls n/o sh-cut
114 1 Chuck, shoulder clod 21 67,528 112.00 124.00 117.50
114A 3 Chuck, shoulder clod, trmd 34 598,989 119.00 134.62 127.35
3 Chuck, shld clod, 2pc.split 0 0
114E 3 Chuck, clod, arm roast
115 1 Chuck, 2-piece, boneless 22 84,102 119.00 124.00 121.27
116A 3 Chuck, roll, lxl, neck/off 69 1,211,512 124.00 135.38 127.11
116B 1 Chuck, chuck tender 32 39,241 144.00 160.13 151.74
116C 1 Chuck, chuck roll 13 24,956 121.00 130.15 125.23
120 1 Brisket, deckle-off, bnls 40 239,727 96.25 109.65 101.88
120A 3 Brisket, point/off, bnls 14 34,466 168.44 191.00 180.24
123A 3 Short Plate, short rib 5 16,075 120.00 140.00 130.09
130 4 Chuck, short rib 13 48,148 89.00 125.25 104.71
160 1 Round, bone-in 5 13,257 142.00 148.00 145.41
161 1 Round, boneless 12 88,217 150.00 160.25 155.26
3 Round, bnls/peeled heel-out 4 16,675 167.00 179.00 170.18
167 1 Round, knuckle 7 12,903 148.00 152.00 150.45
167A 4 Round, knuckle, peeled 75 285,014 147.50 170.77 158.98
168 1 Round, top inside round 25 69,173 190.00 211.19 194.06
168 3 Round, top inside round 6 47,361 199.00 219.00 205.85
169 5 Round, top inside, denuded 15 26,263 230.25 250.00 240.41
3 Round, top inside, side off 8 179,135 215.00 240.00 222.44
170 1 Round, bottom gooseneck 19 69,847 119.00 135.73 125.18
171B 3 Round, outside round 70 278,218 135.00 153.62 144.65
171C 3 Round, eye of round 53 73,339 160.00 175.15 167.00
3 Round, flat/eye, heel-out
174 1 Loin, short loin, 2x3 19 44,188 527.94 550.15 538.25
174 3 Loin, short loin, 0x1 53 153,013 665.00 699.00 678.21
175 3 Loin, strip loin, 1x1 3 8,596 609.00 614.83 610.69
180 1 Loin, strip, bnls, light
180 1 Loin, strip, bnls, heavy 9 35,116 579.55 591.00 585.85
1 Loin, strip loin bnls. 1x1 30 32,295 657.93 693.00 670.35
180 3 Loin, strip, bnls, 0x1 46 63,265 750.00 785.00 761.73
184 1 Loin, top butt, bnls, light
184 1 Loin, top butt, bnls, heavy 32 55,553 375.15 396.87 387.03
184 3 Loin, top butt, boneless 28 139,438 416.00 440.50 428.52
184E 3 Loin, top butt, 2 pc. bnls 0 0
185A 4 Loin, bottom sirloin, flap 25 27,417 382.00 416.42 399.02
185B 1 Loin, ball-tip, bnls, light 3 41,936 225.00 225.00 225.00
185B 1 Loin, ball-tip, bnls,heavy 54 226,348 243.00 275.70 252.67
185C 1 Loin, sirloin, tri-tip 38 69,067 351.54 361.00 357.31
185D 4 Loin, sirloin, tri-tip, pld
189A 4 Loin, tndrloin, trmd, light
189A 4 Loin, tndrloin, trmd, heavy 29 110,142 1017.00 1080.67 1059.60
191A 4 Loin, butt tender, trimmed 20 8,857 925.25 940.00 933.01
193 4 Flank, flank steak 17 24,779 499.00 521.00 501.07
--------------------------------------------------------------------------------
Select Cuts, Fat Limitations 1-6
IMPS/FL Sub-Primal # of Total Price Weighted
Trades Pounds Range Average
--------------------------------------------------------------------------------
107 1 Rib, oven prepared
109A 1 Rib, roast-ready, heavy 5 2,913 374.21 409.00 381.30
109E 1 Rib, ribeye, lip-on, bn-in 27 49,659 475.25 507.00 485.02
112A 3 Rib, ribeye, bnls, light 25 63,406 551.00 594.00 564.67
112A 3 Rib, ribeye, bnls,heavy 56 120,920 540.00 595.00 579.77
113A 1 Chuck, square-cut, 2 piece 5 5,009 110.15 119.65 114.53
113C 1 Chuck, semi-bnls, neck/off 16 66,993 112.00 117.00 115.33
113C 3 Chuck, semi-bnls, neck/off 0 0
3 Chuck, semi-bnls n/o sh-cut
114 1 Chuck, shoulder clod 16 87,721 115.00 122.81 116.11
114A 3 Chuck, shoulder clod, trmd 19 286,781 119.00 134.00 125.95
3 Chuck, shld clod, 2pc.split
114E 3 Chuck, clod, arm roast 0 0
115 1 Chuck, 2-piece, boneless 24 63,823 118.67 125.00 120.02
116A 3 Chuck, roll, lxl, neck/off 28 245,882 123.00 133.00 127.30
116B 1 Chuck, chuck tender 21 72,066 140.00 158.00 144.93
116C 1 Chuck, chuck roll 4 8,721 123.00 130.00 123.69
120 1 Brisket, deckle-off, bnls 16 62,564 96.15 113.55 104.62
120A 3 Brisket, point/off, bnls 8 10,199 175.00 190.00 181.49
123A 3 Short Plate, short rib 7 34,156 94.49 126.00 99.73
130 4 Chuck, short rib 12 28,645 91.00 125.25 110.30
160 1 Round, bone-in 14 14,129 126.83 137.00 130.27
161 1 Round, boneless 15 82,632 135.00 149.00 139.58
3 Round, bnls/peeled heel-out 4 12,185 148.00 157.83 153.56
167 1 Round, knuckle 9 6,491 140.00 152.00 146.33
167A 4 Round, knuckle, peeled 46 137,660 150.00 166.14 156.54
168 1 Round, top inside round 23 69,906 152.00 172.00 163.15
168 3 Round, top inside round 24 81,199 163.00 181.00 172.36
169 5 Round, top inside, denuded 9 10,851 190.00 206.00 200.50
3 Round, top Inside, side off
170 1 Round, bottom gooseneck 23 27,661 121.00 135.00 122.48
171B 3 Round, outside round 74 802,748 128.25 149.65 134.39
171C 3 Round, eye of round 27 92,275 140.00 155.00 146.62
3 Round, flat/eye, heel-out 0 0
174 1 Loin, short loin, 2x3 19 17,497 427.00 448.72 432.92
174 3 Loin, short loin, 0x1 35 84,317 517.00 560.00 533.04
175 3 Loin, strip loin, 1x1 5 53,747 418.00 464.00 421.82
180 1 Loin, strip, bnls, light
180 1 Loin, strip, bnls, heavy 9 14,805 378.40 410.55 403.48
1 Loin, strip loin bnls. 1x1 15 15,148 452.15 466.00 460.90
180 3 Loin, strip, bnls, 0x1 34 170,184 480.00 520.00 495.84
184 1 Loin, top butt, bnls, light
184 1 Loin, top butt, bnls, heavy 33 63,817 303.40 325.49 313.30
184 3 Loin, top butt, boneless 25 66,873 328.40 359.00 346.46
184E 3 Loin, top Butt, 2 pc. bnls
185A 4 Loin, bottom sirloin, flap 20 62,671 316.00 350.00 330.62
185B 1 Loin, ball-tip, bnls, light
185B 1 Loin, ball-tip, bnls,heavy 26 269,293 233.21 256.00 238.31
185C 1 Loin, sirloin, tri-tip 13 20,100 288.00 297.15 291.04
185D 4 Loin, sirloin, tri-tip, pld
189A 4 Loin, tndrloin, trmd, light 0 0
189A 4 Loin, tndrloin, trmd, heavy 18 43,377 758.83 850.00 787.44
191A 4 Loin, butt tender, trimmed 12 12,783 760.00 796.00 777.28
193 4 Flank, flank steak 17 33,007 440.89 475.00 451.78
--------------------------------------------------------------------------------
CHOICE AND SELECT CUTS, Fat Limitations (FL) 1-6
--------------------------------------------------------------------------------
124 4 Rib, Back Ribs, Fresh 10 8,627 103.37 112.00 107.42
124 4 Rib, Back Ribs, Frozen 34 102,865 57.00 86.00 60.23
121D 4 Plate, Inside Skirt 33 92,156 273.00 305.00 285.35
121C 4 Plate, Outside Skirt 31 134,088 141.00 205.00 167.69
Cap and Wedge Meat 65 331,717 164.00 185.00 171.70
Pectoral Meat 56 91,571 160.44 200.00 177.79
--------------------------------------------------------------------------------
GROUND BEEF - STEER and HEIFER SOURCE -- 10 Pound Chub Basis
--------------------------------------------------------------------------------
Ground Beef 73% 38 398,506 90.00 111.11 101.87
Ground Beef 75% 7 127,827 88.00 107.00 97.92
Ground Beef 81% 64 317,202 104.75 131.30 118.83
Ground Beef 85%
Ground Beef 90%
Ground Beef 93% 30 177,833 130.00 159.65 147.70
Ground Beef Chuck 50 482,008 115.00 147.48 126.37
Ground Beef Round 36 258,130 124.45 160.48 139.11
Ground Beef Sirloin
--------------------------------------------------------------------------------
BLENDED GROUND BEEF - STEER, HEIFER and COW SOURCE -- 10 Pound Chub Basis
--------------------------------------------------------------------------------
Blended Ground Beef 73% 5 95,860 104.00 114.35 107.99
Blended Ground Beef 75%
Blended Ground Beef 81% 10 77,630 121.75 147.00 135.58
Blended Ground Beef 85%
Blended Ground Beef 90%
Blended Ground Beef 93%
Blended Ground Beef Chuck 9 98,800 136.50 141.00 138.52
Blended Ground Beef Round 8 22,320 138.61 149.00 146.99
Blended Ground Beef Sirloin
--------------------------------------------------------------------------------
BEEF TRIMMINGS - STEER and HEIFER SOURCE
--------------------------------------------------------------------------------
Fresh 50% lean trimmings 13 453,564 47.50 51.21 48.62
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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