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Opening Boxed Beef Market Activity
DES MOINES - May 11/04 - 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
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 CHOICE CHOICE SELECT SELECT SELECT
600-900 600-750 750-900 600-900 600-750 750-900
--------------------------------------------------------------------------------
Current Cutout Values: 160.63 160.56 161.55 139.05 139.74 139.11
Change from prior day: 0.43 (0.13) 0.26 (0.24) (0.61) (0.37)
--------------------------------------------------------------------------------
Choice/Select spread: 21.57 20.82 22.44
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COMPOSITE PRIMAL VALUES
Primal Rib 272.97 273.94 273.61 219.79 218.69 220.09
Primal Chuck 91.37 95.41 91.35 92.18 95.92 92.08
Primal Round 124.33 124.48 124.29 113.52 112.74 113.46
Primal Loin 295.38 288.74 299.46 232.61 232.03 232.92
Primal Brisket 68.94 68.94 68.94 70.07 70.07 70.07
Primal Short Plate 77.23 77.23 77.23 79.39 79.39 79.39
Primal Flank 98.47 98.47 98.47 89.93 89.93 89.93
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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
05/10 124 105 11 62 160.20 160.69 161.29 139.29 140.35 139.48
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
--------------------------------------------------------------------------------
Current 5 Day Simple Average:
160.29 160.12 161.34 139.86 140.38 140.02
--------------------------------------------------------------------------------
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 58.03 loads 2,321,072 pounds
Select Cuts 63.82 loads 2,552,733 pounds
Trimmings 8.29 loads 331,450 pounds
Coarse Grinds 27.98 loads 1,119,140 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
109E 1 Rib, ribeye, lip-on, bn-in 15 59,004 598.53 628.72 602.28
112A 3 Rib, ribeye, bnls, light 3 4,191 695.00 725.57 698.67
112A 3 Rib, ribeye, bnls, heavy 16 21,367 695.00 740.25 708.23
113A 1 Chuck, square-cut, 2 piece
113C 1 Chuck, semi-bnls, neck/off 10 304,182 110.39 120.00 111.71
113C 3 Chuck, semi-bnls, neck/off
3 Chuck, semi-bnls n/o sh-cut
114 1 Chuck, shoulder clod 12 165,819 113.00 123.00 114.74
114A 3 Chuck, shoulder clod, trmd 21 265,993 125.80 130.50 128.05
3 Chuck, shld clod, 2pc.split 0 0
114E 3 Chuck, clod, arm roast
115 1 Chuck, 2-piece, boneless
116A 3 Chuck, roll, lxl, neck/off 21 136,337 125.94 130.80 128.10
116B 1 Chuck, chuck tender 20 27,405 139.65 152.41 144.99
116C 1 Chuck, chuck roll 0 0
120 1 Brisket, deckle-off, bnls 10 56,453 98.37 110.00 104.07
120A 3 Brisket, point/off, bnls
123A 3 Short Plate, short rib 7 210,470 95.00 128.86 96.13
130 4 Chuck, short rib 8 31,238 85.00 125.25 104.37
160 1 Round, bone-in 6 10,068 143.00 145.15 144.88
161 1 Round, boneless 6 19,953 153.00 162.50 156.76
3 Round, bnls/peeled heel-out 5 30,974 175.27 180.00 179.22
167 1 Round, knuckle 6 16,490 154.00 156.65 155.47
167A 4 Round, knuckle, peeled 24 76,089 155.00 166.61 159.49
168 1 Round, top inside round 6 5,950 194.00 201.21 197.40
168 3 Round, top inside round 5 15,254 204.00 209.00 208.42
169 5 Round, top inside, denuded 8 17,360 223.25 249.27 230.68
3 Round, top inside, side off 0 0
170 1 Round, bottom gooseneck
171B 3 Round, outside round 24 271,271 135.00 153.56 137.76
171C 3 Round, eye of round 11 14,044 160.50 175.90 163.92
3 Round, flat/eye, heel-out
174 1 Loin, short loin, 2x3 3 3,550 523.08 567.65 541.02
174 3 Loin, short loin, 0x1 15 46,709 665.00 687.00 677.84
175 3 Loin, strip loin, 1x1
180 1 Loin, strip, bnls, light 0 0
180 1 Loin, strip, bnls, heavy
1 Loin, strip loin bnls. 1x1 6 8,460 661.06 684.50 673.88
180 3 Loin, strip, bnls, 0x1 15 37,086 755.00 775.00 762.12
184 1 Loin, top butt, bnls, light 0 0
184 1 Loin, top butt, bnls, heavy
184 3 Loin, top butt, boneless 12 83,526 422.31 443.00 429.28
184E 3 Loin, top butt, 2 pc. bnls 0 0
185A 4 Loin, bottom sirloin, flap 6 32,012 360.00 397.00 378.10
185B 1 Loin, ball-tip, bnls, light 3 12,008 235.00 250.00 237.91
185B 1 Loin, ball-tip, bnls,heavy 15 24,941 239.19 269.15 248.92
185C 1 Loin, sirloin, tri-tip 7 81,045 349.97 372.50 362.09
185D 4 Loin, sirloin, tri-tip, pld 0 0
189A 4 Loin, tndrloin, trmd, light
189A 4 Loin, tndrloin, trmd, heavy 12 24,620 1051.00 1070.00 1054.50
191A 4 Loin, butt tender, trimmed 8 8,847 928.86 941.00 935.48
193 4 Flank, flank steak 9 13,414 511.00 540.00 523.28
--------------------------------------------------------------------------------
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 6 8,893 350.00 372.03 362.47
109E 1 Rib, ribeye, lip-on, bn-in 15 88,484 464.65 493.00 474.17
112A 3 Rib, ribeye, bnls, light 6 30,590 572.00 577.70 572.84
112A 3 Rib, ribeye, bnls,heavy 28 97,067 540.00 585.00 565.81
113A 1 Chuck, square-cut, 2 piece 3 7,013 117.70 124.00 120.08
113C 1 Chuck, semi-bnls, neck/off 3 87,864 106.75 115.15 109.72
113C 3 Chuck, semi-bnls, neck/off
3 Chuck, semi-bnls n/o sh-cut
114 1 Chuck, shoulder clod 13 253,456 112.00 118.70 114.87
114A 3 Chuck, shoulder clod, trmd 7 59,962 126.92 130.70 129.17
3 Chuck, shld clod, 2pc.split
114E 3 Chuck, clod, arm roast 0 0
115 1 Chuck, 2-piece, boneless 13 35,853 116.00 129.88 120.60
116A 3 Chuck, roll, lxl, neck/off 22 239,539 124.75 140.15 127.19
116B 1 Chuck, chuck tender 5 6,177 149.00 151.80 150.57
116C 1 Chuck, chuck roll 0 0
120 1 Brisket, deckle-off, bnls 7 9,451 99.15 105.65 103.44
120A 3 Brisket, point/off, bnls
123A 3 Short Plate, short rib 0 0
130 4 Chuck, short rib 14 136,460 99.18 125.25 102.37
160 1 Round, bone-in
161 1 Round, boneless 5 3,235 135.00 142.15 139.16
3 Round, bnls/peeled heel-out 8 15,256 151.00 160.00 154.94
167 1 Round, knuckle 3 7,433 145.00 149.15 145.24
167A 4 Round, knuckle, peeled 21 52,769 150.72 165.65 155.50
168 1 Round, top inside round 7 25,761 159.50 168.28 164.05
168 3 Round, top inside round 15 149,039 164.67 179.87 167.21
169 5 Round, top inside, denuded
3 Round, top Inside, side off
170 1 Round, bottom gooseneck
171B 3 Round, outside round 24 142,784 128.25 149.00 133.77
171C 3 Round, eye of round 21 73,023 142.25 152.15 145.56
3 Round, flat/eye, heel-out
174 1 Loin, short loin, 2x3 6 13,028 423.08 462.00 440.38
174 3 Loin, short loin, 0x1 21 69,098 519.00 550.55 526.12
175 3 Loin, strip loin, 1x1
180 1 Loin, strip, bnls, light
180 1 Loin, strip, bnls, heavy 4 11,723 397.25 405.00 398.48
1 Loin, strip loin bnls. 1x1 5 5,345 451.82 468.55 464.55
180 3 Loin, strip, bnls, 0x1 19 74,014 469.75 506.50 478.60
184 1 Loin, top butt, bnls, light 0 0
184 1 Loin, top butt, bnls, heavy 11 162,232 307.44 319.55 308.43
184 3 Loin, top butt, boneless 21 252,735 334.19 360.00 340.03
184E 3 Loin, top Butt, 2 pc. bnls 0 0
185A 4 Loin, bottom sirloin, flap 5 33,428 295.00 340.79 309.47
185B 1 Loin, ball-tip, bnls, light
185B 1 Loin, ball-tip, bnls,heavy 7 61,653 235.18 253.57 239.34
185C 1 Loin, sirloin, tri-tip 4 45,642 274.50 292.15 276.38
185D 4 Loin, sirloin, tri-tip, pld
189A 4 Loin, tndrloin, trmd, light 0 0
189A 4 Loin, tndrloin, trmd, heavy 10 26,625 777.15 805.65 780.09
191A 4 Loin, butt tender, trimmed 5 14,196 769.51 769.92 769.59
193 4 Flank, flank steak 5 7,211 436.76 445.65 439.46
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CHOICE AND SELECT CUTS, Fat Limitations (FL) 1-6
--------------------------------------------------------------------------------
124 4 Rib, Back Ribs, Fresh 11 83,806 95.00 117.00 101.77
124 4 Rib, Back Ribs, Frozen
121D 4 Plate, Inside Skirt 12 19,671 275.00 305.92 283.73
121C 4 Plate, Outside Skirt 3 3,549 154.13 170.00 156.71
Cap and Wedge Meat 27 80,168 165.00 177.50 168.90
Pectoral Meat 12 28,650 165.54 186.41 174.88
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GROUND BEEF - STEER and HEIFER SOURCE -- 10 Pound Chub Basis
--------------------------------------------------------------------------------
Ground Beef 73% 33 718,096 86.00 112.41 88.21
Ground Beef 75% 6 29,103 101.00 114.67 102.44
Ground Beef 81% 19 118,756 115.15 130.41 123.66
Ground Beef 85%
Ground Beef 90%
Ground Beef 93% 3 9,104 143.00 158.01 148.16
Ground Beef Chuck 7 28,387 125.00 132.22 127.96
Ground Beef Round 11 56,290 135.00 149.72 141.11
Ground Beef Sirloin 0 0
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BLENDED GROUND BEEF - STEER, HEIFER and COW SOURCE -- 10 Pound Chub Basis
--------------------------------------------------------------------------------
Blended Ground Beef 73%
Blended Ground Beef 75% 0 0
Blended Ground Beef 81% 6 112,480 125.00 146.00 128.95
Blended Ground Beef 85% 0 0
Blended Ground Beef 90% 0 0
Blended Ground Beef 93%
Blended Ground Beef Chuck 3 16,525 137.50 156.00 145.23
Blended Ground Beef Round
Blended Ground Beef Sirloin
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BEEF TRIMMINGS - STEER and HEIFER SOURCE
--------------------------------------------------------------------------------
Fresh 50% lean trimmings 9 331,450 46.64 51.37 49.72
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"
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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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