Saturday Morning Boxed Beef Price Report

Cattle 7
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 sharply lower on light demand and moderate offerings. 
Select and Choice chuck and round cuts lower while rib and loin cuts steady to 
weak. Beef trimmings firm on moderate to fairly good demand and heavy offerings. 

                                                CHOICE         SELECT
                                                600-900        600-900
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Current Cutout Values:                          234.46         227.34
Change from prior day:                          (4.79)         (3.87)
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Choice/Select spread:                                    7.12

Total Load Count (Cuts, Trimmings, Grinds):               203
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COMPOSITE PRIMAL VALUES
 Primal Rib                                     331.45         312.58
 Primal Chuck                                   183.73         183.13
 Primal Round                                   212.45         212.99
 Primal Loin                                    325.29         302.35
 Primal Brisket                                 187.47         186.51
 Primal Short Plate                             166.59         166.59
 Primal Flank                                   134.12         134.44
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LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS
                                                CHOICE         SELECT
Date  Choice Select Trim Grinds Total           600-900        600-900
03/27    57    48    20    22    147            239.25         231.21
03/26    70    32    11    37    149            241.76         233.31
03/25    38    24    26    20    108            241.25         234.45
03/24    66    20     5    20    111            241.12         235.93
03/21    54    22     6    22    104            240.16         233.66
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Current 5 Day Simple Average:                   240.71         233.71
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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             89.62  loads          3,584,978  pounds
 Select Cuts             32.29  loads          1,291,774  pounds
 Trimmings               19.95  loads            797,826  pounds
 Ground Beef             61.15  loads          2,446,026  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       31     165,924   596.00  646.50  600.07
112A 3  Rib, ribeye, bnls, light         12      32,221   640.00  711.50  683.72
112A 3  Rib, ribeye, bnls, heavy         36      96,351   640.00  716.00  674.16
113C 1  Chuck, semi-bnls, neck/off        7      48,168   215.00  252.73  221.56
114  1  Chuck, shoulder clod             15      42,839   226.00  251.00  232.27
114A 3  Chuck, shoulder clod, trmd       26     186,253   235.75  255.35  238.78
114D 3  Chuck, clod, top blade            3       3,829   338.30  379.00  346.34
114E 3  Chuck, clod, arm roast            7      47,227   294.00  312.38  296.06
114F 5  Chuck, clod tender (IM)          12      14,116   430.00  464.38  443.28
115  1  Chuck, 2-piece, boneless          0           0
116A 3  Chuck, roll, lxl, neck/off       62     997,096   242.57  275.00  247.03
116B 1  Chuck, chuck tender (IM)          9      44,182   297.00  333.00  302.77
     3  Chuck roll, retail ready
120  1  Brisket, deckle-off, bnls        43     195,714   268.00  304.00  280.74
120A 3  Brisket, point/off, bnls         10      28,605   450.00  521.00  467.69
123A 3  Short Plate, short rib           17      26,591   424.00  530.00  484.00
130  4  Chuck, short rib                 11      14,801   306.00  350.00  325.29
160  1  Round, bone-in                    4       3,897   262.00  268.00  264.04
161  1  Round, boneless
     3  Round, bnls/peeled heel-out
167A 4  Round, knuckle, peeled           50     215,823   278.00  315.00  288.45
168  1  Round, top inside round          24      47,713   280.00  324.78  294.11
168  3  Round, top inside round          22     236,827   285.83  317.00  290.56
169  5  Round, top inside, denuded       17      79,422   346.00  363.50  349.42
     3  Round, top inside, side off
170  1  Round, bottom gooseneck           7       5,361   241.00  265.00  247.76
171B 3  Round, outside round             43     324,365   234.00  260.00  241.83
171C 3  Round, eye of round (IM)         42      93,712   289.00  332.00  311.92
174  1  Loin, short loin, 2x3             0           0
174  3  Loin, short loin, 0x1            12      54,653   626.00  711.00  663.51
175  3  Loin, strip loin, 1x1
180  1  Loin, strip, bnls, heavy          0           0
     1  Loin, strip loin bnls. 1x1        3       3,256   593.00  671.00  613.12
180  3  Loin, strip, bnls, 0x1           38     199,906   660.00  760.00  704.63
184  1  Loin, top butt, bnls, heavy       7      10,935   335.00  348.54  336.67
184  3  Loin, top butt, boneless         29     112,778   342.00  376.50  358.79
185A 4  Loin, bottom sirloin, flap       15      27,972   473.73  516.00  498.22
185B 1  Loin, ball-tip, bnls, heavy       7      16,367   388.00  417.00  397.89
185C 1  Loin, sirloin, tri-tip (IM)       8      10,439   375.00  391.50  385.94
185D 4  Loin, tri-tip, pld (IM)           7      11,274   500.00  521.00  511.65
189A 4  Loin, tndrloin, trmd, heavy      35      82,156  1075.00 1266.00 1123.07
191A 4  Loin, butt tender, trimmed
193  4  Flank, flank steak (IM)          23      32,083   481.00  527.00  502.12
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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        5      14,099   563.00  587.75  576.84
112A 3  Rib, ribeye, bnls, light          7      58,893   610.70  645.00  621.06
112A 3  Rib, ribeye, bnls, heavy         12      20,267   580.31  627.00  603.51
113C 1  Chuck, semi-bnls, neck/off
114  1  Chuck, shoulder clod              9      42,539   225.00  236.69  229.98
114A 3  Chuck, shoulder clod, trmd       14     104,369   235.75  259.00  241.74
114D 3  Chuck, clod, top blade            0           0
114E 3  Chuck, clod, arm roast            0           0
114F 5  Chuck, clod tender (IM)           4       4,494   415.00  427.00  417.22
115  1  Chuck, 2-piece, boneless
116A 3  Chuck, roll, lxl, neck/off       42     474,592   243.00  275.00  246.12
116B 1  Chuck, chuck tender (IM)          8      16,707   301.00  332.00  307.29
     3  Chuck roll, retail ready          0           0
120  1  Brisket, deckle-off, bnls         7       9,188   263.00  290.00  278.84
120A 3  Brisket, point/off, bnls
123A 3  Short Plate, short rib            3       6,728   453.88  531.00  468.87
130  4  Chuck, short rib                  4       1,012   332.06  349.50  337.67
160  1  Round, bone-in
161  1  Round, boneless                   0           0
     3  Round, bnls/peeled heel-out       0           0
167A 4  Round, knuckle, peeled            7      17,360   276.00  297.73  283.14
168  1  Round, top inside round           4      37,490   280.00  306.00  286.02
168  3  Round, top inside round          10      30,245   285.00  310.00  295.71
169  5  Round, top inside, denuded
     3  Round, top inside, side off       0           0
170  1  Round, bottom gooseneck           4       1,945   244.78  259.69  257.55
171B 3  Round, outside round             13      47,971   225.00  256.00  240.11
171C 3  Round, eye of round (IM)         13      29,472   298.13  332.00  310.38
174  1  Loin, short loin, 2x3
174  3  Loin, short loin, 0x1             4       7,201   559.96  619.75  584.40
175  3  Loin, strip loin, 1x1             0           0
180  1  Loin, strip, bnls, heavy          0           0
     1  Loin, strip loin bnls. 1x1
180  3  Loin, strip, bnls, 0x1            7      49,100   505.31  660.00  518.61
184  1  Loin, top butt, bnls, heavy       5       3,233   334.00  349.69  335.34
184  3  Loin, top butt, boneless          9      21,119   346.95  365.00  350.44
185A 4  Loin, bottom sirloin, flap        5       9,187   455.60  500.40  473.31
185B 1  Loin, ball-tip, bnls, heavy
185C 1  Loin, sirloin, tri-tip (IM)       5      12,026   375.00  406.00  379.95
185D 4  Loin, tri-tip, pld (IM)
189A 4  Loin, tndrloin, trmd, heavy       8       6,724  1047.00 1060.00 1048.90
191A 4  Loin, butt tender, trimmed
193  4  Flank, flank steak (IM)           6      11,028   505.06  523.52  508.48
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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
124  4  Rib, Back Ribs, Frozen
121D 4  Plate, Inside Skirt (IM)         15     156,892   364.00  393.00  365.92
121C 4  Plate, Outside Skirt (IM)         8      11,416   519.52  561.00  534.69
121E 6  Outside Skirt, pld (IM)           6      13,809   730.60  784.00  748.56
        Cap, Wedge Meat & (IM) Lean      17      19,318   336.10  362.00  348.00
        Pectoral Meat                    16      41,007   330.00  372.00  346.57
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GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind
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Ground Beef 73%                          37     655,256   173.00  233.00  183.13
Ground Beef 75%
Ground Beef 81%                          57   1,169,952   192.40  250.00  199.91
Ground Beef 85%                           0           0
Ground Beef 90%                           0           0
Ground Beef 93%                           4       3,300   321.00  326.00  322.67
Ground Beef Chuck 80%                     9      76,761   224.75  265.00  236.92
Ground Beef Round 85%                    11      19,293   279.82  316.26  288.37
Ground Beef Sirloin 90%                   0           0
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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%
Blended Ground Beef 75%
Blended Ground Beef 81%                  18     219,409   208.27  251.00  238.99
Blended Ground Beef 85%
Blended Ground Beef 90%                   0           0
Blended Ground Beef 93%
Blended Ground Beef Chuck 80%
Blended Ground Beef Round 85%
Blended Ground Beef Sirloin 90%
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BEEF TRIMMINGS - STEER/HEIFER SOURCE - Fresh Combos & Frozen Boxed
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Fresh 50% lean trimmings                 24     797,826   113.00  138.00  119.80
Frozen 50% lean trimmings                 0           0
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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 daily 3/70/20 guideline.
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