Sunday Morning Report: Boxed Beef Price Summary

cattle 11
NATIONAL WEEKLY BOXED BEEF CUTOUT AND BOXED BEEF CUTS - Negotiated Sales

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         SELECT
                                                600-900        600-900
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WEEKLY COMPOSITE PRIMAL VALUES
 Primal Rib                                     326.11         310.74
 Primal Chuck                                   201.26         198.49
 Primal Round                                   226.56         225.51
 Primal Loin                                    324.30         306.05
 Primal Brisket                                 186.42         184.33
 Primal Short Plate                             170.51         170.51
 Primal Flank                                   139.59         139.22
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WEEKLY CUTOUT VALUE SUMMARY
                                                CHOICE         SELECT
Date  Choice Select Trim Grinds Total           600-900        600-900
03/21    54    22     6    22                   240.16         233.66
03/20    45    32    11    50                   241.57         234.77
03/19   106    51     6    31                   243.37         236.30
03/18    53    27     6    14                   244.08         237.22
03/17    41    26     4    16                   242.85         236.06
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WEEKLY AVERAGE                                  242.41         235.60
CHANGE FROM PRIOR WEEK                            1.69         (1.17)
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CHOICE/SELECT SPREAD:                                    6.80

TOTAL LOAD COUNT (Cuts, Trimmings, Grinds):               621
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NATIONAL BOXED BEEF CUTS - NEGOTIATED SALES   FOB Plant basis negotiated sales
for delivery within 0-21 day period, including sales since last report.

CURRENT VOLUME - (one load equals 40,000 pounds)

 Choice Cuts                 298.96  loads       11,958,397  pounds
 Select Cuts                 157.68  loads        6,307,367  pounds
 Trimmings                    32.06  loads        1,282,326  pounds
 Ground Beef                 132.69  loads        5,307,568  pounds
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Choice Cuts, Fat Limitations 1-6             (IM) = Individual Muscle
IMPS/FL        Sub-Primal             # of      Total        Price      Weighted
                                    Trades     Pounds        Range       Average
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109E  1  Rib, ribeye, lip-on, bn-in    111    330,301   560.60   636.00   588.26
112A  3  Rib, ribeye, bnls, light       55    116,882   625.00   749.79   675.42
112A  3  Rib, ribeye, bnls, heavy      251    453,652   596.00   693.00   653.31
113C  1  Chuck, semi-bnls, neck/off     12     15,030   238.23   275.00   253.17
114   1  Chuck, shoulder clod           64  1,080,480   230.00   269.83   233.38
114A  3  Chuck, shoulder clod, trmd    166  1,014,255   238.50   282.23   250.67
114D  3  Chuck, clod, top blade         34     93,250   330.00   370.00   362.19
114E  3  Chuck, clod, arm roast         35    244,669   294.00   363.00   316.66
114F  5  Chuck, clod tender (IM)        46     51,064   388.00   475.00   430.81
115   1  Chuck, 2-piece, boneless       22     23,800   231.00   275.00   267.26
116A  3  Chuck, roll, lxl, neck/off    286  1,124,209   242.25   302.60   266.62
116B  1  Chuck, chuck tender (IM)       87    201,397   310.00   345.00   327.13
      3  Chuck roll, retail ready       29    289,866   270.00   311.85   285.14
120   1  Brisket, deckle-off, bnls     200    404,589   230.67   292.00   268.58
120A  3  Brisket, point/off, bnls       61     57,201   417.87   494.00   449.20
123A  3  Short Plate, short rib         79    117,507   410.00   552.00   504.08
130   4  Chuck, short rib              125    176,829   289.00   371.58   327.70
160   1  Round, bone-in                 12     13,650   262.00   284.00   275.49
161   1  Round, boneless                16     12,136   258.50   289.00   276.81
      3  Round, bnls/peeled heel-out     9      9,494   276.00   322.00   303.82
167A  4  Round, knuckle, peeled        233    488,386   278.00   330.00   306.73
168   1  Round, top inside round       159    350,972   296.32   332.00   310.74
168   3  Round, top inside round       103    955,102   280.00   342.00   306.43
169   5  Round, top inside, denuded     64    179,606   344.75   380.00   356.51
      3  Round, top inside, side off     8    156,609   312.40   369.90   328.11
170   1  Round, bottom gooseneck        18     37,314   234.00   284.00   255.16
171B  3  Round, outside round          210  1,140,069   246.47   287.60   258.57
171C  3  Round, eye of round (IM)      203    422,635   301.00   352.05   325.80
174   1  Loin, short loin, 2x3          29     21,908   515.00   600.00   553.63
174   3  Loin, short loin, 0x1          73    149,342   600.00   691.00   620.96
175   3  Loin, strip loin, 1x1          22     67,630   570.00   637.00   596.16
180   1  Loin, strip, bnls, heavy
      1  Loin, strip loin bnls. 1x1     26     22,699   585.00   674.00   636.00
180   3  Loin, strip, bnls, 0x1        177    346,264   670.00   756.00   718.74
184   1  Loin, top butt, bnls, heavy    63     47,331   312.39   372.28   338.34
184   3  Loin, top butt, boneless      145    323,837   334.50   400.50   358.49
185A  4  Loin, bottom sirloin, flap    112    252,076   460.00   511.00   481.67
185B  1  Loin, ball-tip, bnls, heavy    84    103,281   350.00   435.00   398.13
185C  1  Loin, sirloin, tri-tip (IM)    51    136,139   360.00   401.00   379.59
185D  4  Loin, tri-tip, pld (IM)        55     32,721   484.00   525.00   495.31
189A  4  Loin, tndrloin, trmd, heavy   194    285,908   992.00  1227.00  1100.99
191A  4  Loin, butt tender, trimmed     17     10,422  1059.00  1129.00  1066.97
193   4  Flank, flank steak (IM)        76     73,279   455.00   524.00   492.16
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Select Cuts, Fat Limitations 1-6       (IM) = Individual Muscle
IMPS/FL         Sub-Primal             # of      Total        Price     Weighted
                                       Trades    Pounds       Range     Average
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109E  1  Rib, ribeye, lip-on, bn-in     48     61,186   538.66   601.00   558.93
112A  3  Rib, ribeye, bnls, light       36     97,063   560.00   645.00   627.07
112A  3  Rib, ribeye, bnls, heavy       91    189,245   560.00   660.00   601.73
113C  1  Chuck, semi-bnls, neck/off     17     20,967   241.61   280.00   262.35
114   1  Chuck, shoulder clod           44    436,732   230.00   255.00   232.29
114A  3  Chuck, shoulder clod, trmd     63    325,411   235.00   280.00   251.66
114D  3  Chuck, clod, top blade          8     18,588   340.00   351.91   342.18
114E  3  Chuck, clod, arm roast
114F  5  Chuck, clod tender (IM)        39     35,548   371.50   411.00   399.11
115   1  Chuck, 2-piece, boneless
116A  3  Chuck, roll, lxl, neck/off    143  1,236,907   240.00   301.50   257.26
116B  1  Chuck, chuck tender (IM)       36     89,637   318.00   349.00   328.29
      3  Chuck roll, retail ready
120   1  Brisket, deckle-off, bnls      50    248,640   240.00   290.00   258.50
120A  3  Brisket, point/off, bnls       13      6,871   429.24   458.00   454.13
123A  3  Short Plate, short rib         22     48,671   410.00   551.00   456.57
130   4  Chuck, short rib               31     74,038   289.00   350.00   323.84
160   1  Round, bone-in                  6      8,803   258.75   277.00   272.44
161   1  Round, boneless                 7      8,686   258.50   291.50   279.64
      3  Round, bnls/peeled heel-out     5      3,089   230.00   322.00   311.71
167A  4  Round, knuckle, peeled         45    159,272   278.00   346.50   300.71
168   1  Round, top inside round        52    166,110   290.00   319.00   305.61
168   3  Round, top inside round        44    164,522   298.24   335.00   309.49
169   5  Round, top inside, denuded     14      8,580   356.93   380.00   365.09
      3  Round, top inside, side off
170   1  Round, bottom gooseneck        10     13,299   232.00   274.82   241.18
171B  3  Round, outside round           81    443,374   241.92   286.00   253.86
171C  3  Round, eye of round (IM)       79    175,295   299.93   350.70   323.45
174   1  Loin, short loin, 2x3
174   3  Loin, short loin, 0x1          61     92,684   580.00   650.00   603.18
175   3  Loin, strip loin, 1x1
180   1  Loin, strip, bnls, heavy        0          0
      1  Loin, strip loin bnls. 1x1      8      5,128   553.00   610.00   588.35
180   3  Loin, strip, bnls, 0x1         42     54,402   634.83   695.00   662.72
184   1  Loin, top butt, bnls, heavy    38    347,174   320.40   355.00   336.97
184   3  Loin, top butt, boneless       71    245,673   330.00   377.28   357.09
185A  4  Loin, bottom sirloin, flap     30     69,177   440.00   505.00   475.92
185B  1  Loin, ball-tip, bnls, heavy    37     98,181   360.00   410.00   397.79
185C  1  Loin, sirloin, tri-tip (IM)    23     71,609   354.00   389.70   368.81
185D  4  Loin, tri-tip, pld (IM)         4      4,732   479.82   511.07   495.80
189A  4  Loin, tndrloin, trmd, heavy    80    193,355  1025.00  1178.00  1050.23
191A  4  Loin, butt tender, trimmed     21      8,534  1000.00  1054.00  1039.22
193   4  Flank, flank steak (IM)        14     31,181   451.34   515.00   485.29
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CHOICE, SELECT & UNGRADED CUTS   Fat Limitations 1-6  (IM) = Individual Muscle
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124   4  Rib, Back Ribs, Fresh          47     49,001    96.73   210.00   138.91
124   4  Rib, Back Ribs, Frozen         31    183,708    71.00   130.00   100.19
121D  4  Plate, Inside Skirt (IM)      115    404,561   351.00   395.70   366.39
121C  4  Plate, Outside Skirt (IM)      73     70,580   445.00   567.00   511.08
121E  6  Outside Skirt, pld (IM)        33     50,566   660.60   770.00   729.70
         Cap, Wedge Meat & (IM) Lean   132    413,907   260.20   359.00   333.17
         Pectoral Meat                 124    245,997   318.00   360.00   343.28
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GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind
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Ground Beef 73%                        110    765,585   203.00   261.00   227.21
Ground Beef 75%                         14     90,598   212.00   246.50   233.33
Ground Beef 81%                        180  1,811,591   220.00   289.00   231.01
Ground Beef 85%
Ground Beef 90%                         27    137,734   265.00   344.75   296.28
Ground Beef 93%                         40     99,772   295.58   361.21   330.23
Ground Beef Chuck 80%                   83    559,060   231.00   286.00   255.38
Ground Beef Round 85%                   51    296,167   294.00   329.50   314.76
Ground Beef Sirloin 90%                  9      8,704   346.00   361.00   346.97
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BLENDED GB - STEER/HEIFER/COW SOURCE - 10 Pound Chub Basis - Coarse & Fine Grind
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Blended Ground Beef 73%                119    575,140   197.55   239.25   220.56
Blended Ground Beef 75%
Blended Ground Beef 81%                 79    317,456   214.67   270.00   246.97
Blended Ground Beef 85%
Blended Ground Beef 90%
Blended Ground Beef 93%                 27    149,680   249.75   354.00   319.80
Blended Ground Beef Chuck 80%           25    220,010   224.80   303.00   243.26
Blended Ground Beef Round 85%           12     76,000   248.80   306.25   284.42
Blended Ground Beef Sirloin 90%         10     24,480   273.75   350.00   280.87
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BEEF TRIMMINGS - STEER/HEIFER SOURCE - Fresh Combos & Frozen Boxed
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Fresh 50% lean trimmings                60  1,269,096   128.00   166.00   154.76
Frozen 50% lean trimmings
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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 weekly 3/70/20 guideline.
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