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Closing Boxed Beef Market Activity
DES MOINES - May 11/04 - 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 generally steady on moderate demand and offerings.
Select cuts steady to weak, while Choice cuts steady to firm. Beef trimmings
generally steady on moderate demand and offerings.
CHOICE CHOICE CHOICE SELECT SELECT SELECT
600-900 600-750 750-900 600-900 600-750 750-900
--------------------------------------------------------------------------------
Current Cutout Values: 160.58 160.37 161.56 139.02 139.69 139.09
Change from prior day: 0.38 (0.32) 0.27 (0.27) (0.66) (0.39)
--------------------------------------------------------------------------------
Choice/Select spread: 21.56 20.68 22.47
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COMPOSITE PRIMAL VALUES
Primal Rib 272.12 272.64 272.95 219.90 219.13 220.25
Primal Chuck 91.68 95.67 91.67 92.24 95.80 92.16
Primal Round 124.66 124.50 124.63 114.01 113.16 113.97
Primal Loin 295.10 288.45 299.34 232.00 231.49 232.29
Primal Brisket 68.01 68.01 68.01 70.33 70.33 70.33
Primal Short Plate 77.00 77.00 77.00 79.10 79.10 79.10
Primal Flank 98.60 98.60 98.60 89.01 89.01 89.01
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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 123.24 loads 4,929,551 pounds
Select Cuts 126.13 loads 5,045,216 pounds
Trimmings 17.27 loads 690,809 pounds
Coarse Grinds 59.95 loads 2,398,188 pounds
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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 10 13,661 439.25 481.00 452.96
109E 1 Rib, ribeye, lip-on, bn-in 31 92,800 589.50 628.72 602.99
112A 3 Rib, ribeye, bnls, light 10 24,022 695.00 726.00 710.91
112A 3 Rib, ribeye, bnls, heavy 33 36,114 695.00 740.25 712.09
113A 1 Chuck, square-cut, 2 piece
113C 1 Chuck, semi-bnls, neck/off 12 306,546 110.39 120.00 111.74
113C 3 Chuck, semi-bnls, neck/off
3 Chuck, semi-bnls n/o sh-cut
114 1 Chuck, shoulder clod 19 198,947 113.00 123.00 115.06
114A 3 Chuck, shoulder clod, trmd 40 498,081 125.27 131.00 127.90
3 Chuck, shld clod, 2pc.split
114E 3 Chuck, clod, arm roast
115 1 Chuck, 2-piece, boneless 3 2,110 118.46 122.65 120.52
116A 3 Chuck, roll, lxl, neck/off 44 277,365 122.00 133.00 127.57
116B 1 Chuck, chuck tender 33 71,392 139.65 156.94 147.50
116C 1 Chuck, chuck roll 0 0
120 1 Brisket, deckle-off, bnls 40 974,809 96.00 110.00 99.81
120A 3 Brisket, point/off, bnls 6 5,721 178.62 191.00 186.13
123A 3 Short Plate, short rib 10 212,970 95.00 128.86 96.47
130 4 Chuck, short rib 15 55,676 85.00 125.25 105.17
160 1 Round, bone-in 11 15,493 139.00 146.00 143.59
161 1 Round, boneless 11 36,677 147.50 162.50 153.28
3 Round, bnls/peeled heel-out 11 43,530 166.00 180.00 176.76
167 1 Round, knuckle 9 21,742 149.00 156.65 154.59
167A 4 Round, knuckle, peeled 58 297,804 152.00 166.61 156.90
168 1 Round, top inside round 17 30,106 193.00 201.21 195.11
168 3 Round, top inside round 12 35,559 202.87 212.00 206.22
169 5 Round, top inside, denuded 12 24,902 223.25 252.00 235.97
3 Round, top inside, side off 7 46,236 232.34 237.48 232.84
170 1 Round, bottom gooseneck 5 30,692 130.00 146.04 140.37
171B 3 Round, outside round 47 354,685 135.00 153.62 139.30
171C 3 Round, eye of round 28 164,746 156.00 168.00 157.86
3 Round, flat/eye, heel-out
174 1 Loin, short loin, 2x3 12 12,715 523.08 562.65 540.07
174 3 Loin, short loin, 0x1 27 62,619 670.00 690.00 677.47
175 3 Loin, strip loin, 1x1 5 32,557 606.46 615.00 611.13
180 1 Loin, strip, bnls, light 0 0
180 1 Loin, strip, bnls, heavy 4 6,662 579.47 591.00 584.25
1 Loin, strip loin bnls. 1x1 25 25,047 660.09 684.50 669.61
180 3 Loin, strip, bnls, 0x1 31 57,328 744.73 777.00 760.19
184 1 Loin, top butt, bnls, light
184 1 Loin, top butt, bnls, heavy 8 7,874 381.60 398.00 392.66
184 3 Loin, top butt, boneless 25 129,355 422.13 443.00 429.96
184E 3 Loin, top butt, 2 pc. bnls 0 0
185A 4 Loin, bottom sirloin, flap 12 55,426 370.00 410.06 382.88
185B 1 Loin, ball-tip, bnls, light 5 25,415 215.15 250.00 230.88
185B 1 Loin, ball-tip, bnls,heavy 23 40,906 239.19 269.15 249.70
185C 1 Loin, sirloin, tri-tip 13 84,179 349.97 372.50 361.69
185D 4 Loin, sirloin, tri-tip, pld 0 0
189A 4 Loin, tndrloin, trmd, light
189A 4 Loin, tndrloin, trmd, heavy 36 51,585 1046.04 1094.00 1061.88
191A 4 Loin, butt tender, trimmed 10 10,607 919.00 941.00 933.49
193 4 Flank, flank steak 11 17,318 507.00 540.00 519.83
--------------------------------------------------------------------------------
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 10 12,065 355.00 372.03 365.82
109E 1 Rib, ribeye, lip-on, bn-in 46 187,703 464.65 499.00 478.90
112A 3 Rib, ribeye, bnls, light 15 56,079 549.50 585.80 567.31
112A 3 Rib, ribeye, bnls,heavy 61 169,828 540.00 601.00 567.69
113A 1 Chuck, square-cut, 2 piece 3 7,013 117.70 124.00 120.08
113C 1 Chuck, semi-bnls, neck/off 11 120,263 105.50 118.65 109.44
113C 3 Chuck, semi-bnls, neck/off
3 Chuck, semi-bnls n/o sh-cut
114 1 Chuck, shoulder clod 18 269,209 112.00 120.94 114.92
114A 3 Chuck, shoulder clod, trmd 30 123,349 124.73 134.00 128.63
3 Chuck, shld clod, 2pc.split
114E 3 Chuck, clod, arm roast 0 0
115 1 Chuck, 2-piece, boneless 25 58,610 115.12 129.88 120.05
116A 3 Chuck, roll, lxl, neck/off 63 456,530 124.75 136.15 128.08
116B 1 Chuck, chuck tender 23 47,497 142.25 153.39 147.68
116C 1 Chuck, chuck roll
120 1 Brisket, deckle-off, bnls 35 92,155 99.15 112.27 104.68
120A 3 Brisket, point/off, bnls 6 6,297 181.47 200.25 187.94
123A 3 Short Plate, short rib 0 0
130 4 Chuck, short rib 25 179,581 99.18 125.25 102.47
160 1 Round, bone-in 4 24,068 127.29 134.00 132.82
161 1 Round, boneless 16 28,933 132.00 143.65 138.31
3 Round, bnls/peeled heel-out 13 25,120 149.00 160.00 154.72
167 1 Round, knuckle 9 12,023 145.00 151.65 146.18
167A 4 Round, knuckle, peeled 63 203,892 148.20 165.65 154.47
168 1 Round, top inside round 31 140,998 156.50 168.28 161.12
168 3 Round, top inside round 40 242,816 164.67 179.87 168.49
169 5 Round, top inside, denuded 3 3,435 198.00 201.82 199.26
3 Round, top Inside, side off
170 1 Round, bottom gooseneck 7 4,447 121.00 124.50 121.67
171B 3 Round, outside round 62 410,197 128.25 149.65 134.71
171C 3 Round, eye of round 56 112,846 142.25 160.00 146.25
3 Round, flat/eye, heel-out
174 1 Loin, short loin, 2x3 15 19,234 417.00 445.79 431.32
174 3 Loin, short loin, 0x1 37 102,091 519.00 550.55 528.02
175 3 Loin, strip loin, 1x1
180 1 Loin, strip, bnls, light
180 1 Loin, strip, bnls, heavy 7 15,112 397.25 408.87 399.13
1 Loin, strip loin bnls. 1x1 17 16,165 448.00 470.80 460.38
180 3 Loin, strip, bnls, 0x1 41 104,023 469.75 506.50 483.24
184 1 Loin, top butt, bnls, light
184 1 Loin, top butt, bnls, heavy 29 258,644 300.00 325.00 308.50
184 3 Loin, top butt, boneless 49 486,110 320.50 355.25 336.72
184E 3 Loin, top Butt, 2 pc. bnls 0 0
185A 4 Loin, bottom sirloin, flap 11 43,635 295.00 345.00 315.67
185B 1 Loin, ball-tip, bnls, light
185B 1 Loin, ball-tip, bnls,heavy 15 105,506 235.18 264.30 242.67
185C 1 Loin, sirloin, tri-tip 14 93,067 274.50 294.65 280.33
185D 4 Loin, sirloin, tri-tip, pld
189A 4 Loin, tndrloin, trmd, light 0 0
189A 4 Loin, tndrloin, trmd, heavy 31 55,926 769.00 815.00 778.25
191A 4 Loin, butt tender, trimmed 16 49,595 761.00 810.00 773.45
193 4 Flank, flank steak 17 97,898 434.94 455.06 439.06
--------------------------------------------------------------------------------
CHOICE AND SELECT CUTS, Fat Limitations (FL) 1-6
--------------------------------------------------------------------------------
124 4 Rib, Back Ribs, Fresh 23 112,184 95.00 117.00 102.53
124 4 Rib, Back Ribs, Frozen 7 27,371 55.00 72.15 58.41
121D 4 Plate, Inside Skirt 36 163,196 263.00 305.92 279.01
121C 4 Plate, Outside Skirt 15 33,844 148.65 203.00 180.26
Cap and Wedge Meat 62 272,139 164.64 186.13 170.14
Pectoral Meat 41 150,140 157.00 186.41 169.01
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GROUND BEEF - STEER and HEIFER SOURCE -- 10 Pound Chub Basis
--------------------------------------------------------------------------------
Ground Beef 73% 59 1,164,121 86.00 115.27 93.62
Ground Beef 75% 14 100,253 93.00 118.58 103.98
Ground Beef 81% 60 504,563 106.50 135.27 116.79
Ground Beef 85%
Ground Beef 90%
Ground Beef 93% 7 13,189 143.00 158.01 150.78
Ground Beef Chuck 23 210,421 120.00 142.58 132.57
Ground Beef Round 23 145,424 128.00 158.91 147.53
Ground Beef Sirloin
--------------------------------------------------------------------------------
BLENDED GROUND BEEF - STEER, HEIFER and COW SOURCE -- 10 Pound Chub Basis
--------------------------------------------------------------------------------
Blended Ground Beef 73% 8 19,617 109.50 131.00 115.68
Blended Ground Beef 75%
Blended Ground Beef 81% 9 113,768 125.00 151.74 129.09
Blended Ground Beef 85% 21 1,440 130.00 130.00 130.00
Blended Ground Beef 90% 0 0
Blended Ground Beef 93%
Blended Ground Beef Chuck 7 56,989 133.50 156.00 137.05
Blended Ground Beef Round 4 11,556 144.50 162.50 146.24
Blended Ground Beef Sirloin 0 0
--------------------------------------------------------------------------------
BEEF TRIMMINGS - STEER and HEIFER SOURCE
--------------------------------------------------------------------------------
Fresh 50% lean trimmings 26 690,809 46.64 51.37 49.89
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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