Tuesday Morning Boxed Beef Price Report

Cattle 3
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 lower on light demand and light to moderate offerings.
Select and Choice rib, chuck, round and loin cuts weak to lower. Beef trimmings
weak on light demand and offerings.

                                                CHOICE         SELECT
                                                600-900        600-900
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Current Cutout Values:                          227.93         215.99
Change from prior day:                          (0.81)         (1.38)
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Choice/Select spread:                                   11.94

Total Load Count (Cuts, Trimmings, Grinds):               110
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COMPOSITE PRIMAL VALUES
 Primal Rib                                     322.19         298.09
 Primal Chuck                                   183.01         177.39
 Primal Round                                   201.07         198.64
 Primal Loin                                    310.60         278.01
 Primal Brisket                                 196.28         195.99
 Primal Short Plate                             166.04         166.04
 Primal Flank                                   134.66         133.41
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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
04/04    82    38    11    35    166            228.74         217.37
04/03    74    54     9    39    175            231.95         221.41
04/02    64    42     7    38    151            233.64         223.66
04/01    54    37     5    23    119            232.54         222.95
03/31    51    27    11    38    126            233.79         225.01
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Current 5 Day Simple Average:                   232.13         222.08
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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             62.21  loads          2,488,366  pounds
 Select Cuts             22.67  loads            906,608  pounds
 Trimmings                2.89  loads            115,548  pounds
 Ground Beef             22.23  loads            889,338  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       20      55,762   574.31  647.00  583.06
112A 3  Rib, ribeye, bnls, light         14      26,954   610.00  725.00  667.82
112A 3  Rib, ribeye, bnls, heavy         26     120,418   625.00  700.00  660.32
113C 1  Chuck, semi-bnls, neck/off        4      16,396   234.00  241.50  236.79
114  1  Chuck, shoulder clod              4      17,266   217.70  230.00  219.83
114A 3  Chuck, shoulder clod, trmd       19      65,330   227.54  246.81  238.10
114D 3  Chuck, clod, top blade            5       4,733   375.00  428.00  390.65
114E 3  Chuck, clod, arm roast           21     138,902   235.00  274.01  247.61
114F 5  Chuck, clod tender (IM)          17      12,581   440.00  492.00  457.83
115  1  Chuck, 2-piece, boneless
116A 3  Chuck, roll, lxl, neck/off       44     262,346   234.00  270.60  250.40
116B 1  Chuck, chuck tender (IM)         15      39,486   252.74  290.00  254.67
     3  Chuck roll, retail ready
120  1  Brisket, deckle-off, bnls        24      76,465   290.00  318.00  303.41
120A 3  Brisket, point/off, bnls          9      14,617   470.60  527.00  484.62
123A 3  Short Plate, short rib           21      18,486   486.00  541.00  511.77
130  4  Chuck, short rib                 13      23,582   314.50  350.00  325.19
160  1  Round, bone-in                    3       9,568   251.50  261.42  259.28
161  1  Round, boneless
     3  Round, bnls/peeled heel-out
167A 4  Round, knuckle, peeled           41     157,849   248.00  276.50  257.42
168  1  Round, top inside round          16      51,810   250.00  293.00  263.80
168  3  Round, top inside round          20      79,130   254.69  305.00  270.36
169  5  Round, top inside, denuded       31     120,934   290.00  338.60  329.84
     3  Round, top inside, side off
170  1  Round, bottom gooseneck           3      21,245   213.00  231.50  215.25
171B 3  Round, outside round             46     198,555   224.55  263.01  245.10
171C 3  Round, eye of round (IM)         35     130,508   247.76  299.00  267.47
174  1  Loin, short loin, 2x3
174  3  Loin, short loin, 0x1            24      74,528   592.00  684.50  624.72
175  3  Loin, strip loin, 1x1
180  1  Loin, strip, bnls, heavy
     1  Loin, strip loin bnls. 1x1        8      71,179   576.00  630.00  579.98
180  3  Loin, strip, bnls, 0x1           28     158,798   640.00  725.00  648.15
184  1  Loin, top butt, bnls, heavy       6      27,114   325.15  355.00  326.88
184  3  Loin, top butt, boneless         26      96,750   328.00  375.00  345.05
185A 4  Loin, bottom sirloin, flap       21      62,542   450.00  521.00  485.44
185B 1  Loin, ball-tip, bnls, heavy      14      48,506   340.00  410.00  381.24
185C 1  Loin, sirloin, tri-tip (IM)       7       3,563   371.00  415.00  388.14
185D 4  Loin, tri-tip, pld (IM)           4      12,968   509.00  540.00  516.63
189A 4  Loin, tndrloin, trmd, heavy      38      55,582  1000.00 1260.00 1090.03
191A 4  Loin, butt tender, trimmed       10      14,456  1004.00 1070.00 1032.42
193  4  Flank, flank steak (IM)          15      17,685   509.50  541.00  518.90
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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       6,569   516.00  570.00  553.98
112A 3  Rib, ribeye, bnls, light          9      19,763   540.00  645.00  579.28
112A 3  Rib, ribeye, bnls, heavy         21      36,967   540.00  651.37  585.66
113C 1  Chuck, semi-bnls, neck/off
114  1  Chuck, shoulder clod              3       4,123   221.00  235.00  222.19
114A 3  Chuck, shoulder clod, trmd        9      22,650   227.54  246.00  233.54
114D 3  Chuck, clod, top blade
114E 3  Chuck, clod, arm roast
114F 5  Chuck, clod tender (IM)           8       5,511   415.00  446.00  424.36
115  1  Chuck, 2-piece, boneless
116A 3  Chuck, roll, lxl, neck/off       21     133,373   232.00  260.00  243.82
116B 1  Chuck, chuck tender (IM)
     3  Chuck roll, retail ready          0           0
120  1  Brisket, deckle-off, bnls         6      62,836   298.63  300.50  300.19
120A 3  Brisket, point/off, bnls
123A 3  Short Plate, short rib
130  4  Chuck, short rib
160  1  Round, bone-in                    0           0
161  1  Round, boneless                   0           0
     3  Round, bnls/peeled heel-out
167A 4  Round, knuckle, peeled           10      76,899   249.06  276.00  255.65
168  1  Round, top inside round           7      32,532   233.00  275.45  251.90
168  3  Round, top inside round           9      35,657   266.91  282.13  272.65
169  5  Round, top inside, denuded
     3  Round, top inside, side off       0           0
170  1  Round, bottom gooseneck
171B 3  Round, outside round              7      43,354   225.96  251.80  230.94
171C 3  Round, eye of round (IM)         14      51,320   256.96  309.00  266.44
174  1  Loin, short loin, 2x3             0           0
174  3  Loin, short loin, 0x1             9       6,698   471.98  550.00  495.46
175  3  Loin, strip loin, 1x1
180  1  Loin, strip, bnls, heavy          0           0
     1  Loin, strip loin bnls. 1x1
180  3  Loin, strip, bnls, 0x1            8       3,728   494.50  560.00  519.13
184  1  Loin, top butt, bnls, heavy       7      61,704   310.00  341.37  314.86
184  3  Loin, top butt, boneless         14      41,198   323.31  362.00  329.82
185A 4  Loin, bottom sirloin, flap        3       4,614   457.67  516.50  467.16
185B 1  Loin, ball-tip, bnls, heavy
185C 1  Loin, sirloin, tri-tip (IM)
185D 4  Loin, tri-tip, pld (IM)           0           0
189A 4  Loin, tndrloin, trmd, heavy      14      17,370   940.00 1136.00 1007.21
191A 4  Loin, butt tender, trimmed        8       2,489  1015.00 1047.00 1018.31
193  4  Flank, flank steak (IM)           5       9,992   510.00  535.00  514.01
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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            3       1,131   105.00  112.00  106.94
121D 4  Plate, Inside Skirt (IM)         24      38,300   354.00  397.00  367.47
121C 4  Plate, Outside Skirt (IM)        15      18,030   535.00  576.00  553.84
121E 6  Outside Skirt, pld (IM)           9      22,883   730.60  806.00  762.87
        Cap, Wedge Meat & (IM) Lean      26      39,046   325.00  373.00  349.23
        Pectoral Meat                    22      46,093   334.00  380.00  355.86
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GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind
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Ground Beef 73%                          14     150,881   176.98  196.00  183.40
Ground Beef 75%
Ground Beef 81%                          24     281,221   180.00  223.50  196.12
Ground Beef 85%
Ground Beef 90%                           0           0
Ground Beef 93%                           4      37,243   304.50  325.00  312.14
Ground Beef Chuck 80%                    18     194,034   207.75  248.00  218.02
Ground Beef Round 85%                     4       1,155   267.00  290.00  279.96
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%                   9      79,080   205.15  275.00  238.17
Blended Ground Beef 85%
Blended Ground Beef 90%
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                  5     115,548   102.00  120.00  114.73
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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