Cutter Cow Cutout & Boxed Cow Cuts-Negotiated - Afternoon

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5. 5/12/2016

Past Market Reports

Report Date: 5/12/2016

LM_XB405
Des Moines, IA                 Thu, May 12, 2016                USDA Market News

NATIONAL 5-DAY ROLLING CUTTER COW CUTOUT AND BOXED COW BEEF CUTS
USDA ESTIMATE CUTTER COW CARCASS CUT-OUT VALUE - Negotiated Sales - Afternoon

Based on negotiated prices and volume of cow cuts delivered within 0-21 days
and on average industry cutting yields.  Values reflect U.S. dollars per 100
pounds.

                                   Cutter 90%
                                    350#/up
--------------------------------------------------------------------------------
Current-Cutout Value:               $172.24
Change from prior day:              ($1.11)
--------------------------------------------------------------------------------
Item                                          Price          Value        Change
90% lean                                    $215.88        $120.55       ($1.01)
100% lean inside round                      $293.14          $6.80         
100% lean, flats and eyes                   $272.03          $6.31         $0.02
100% lean, S.P.B.                           $263.20         $13.16         
Chuck Tender                                $217.01          $2.17         
Knuckle                   4-7 lbs.          $242.94          $6.15       ($0.06)
Tenderloin                2-3 lbs.          $485.35          $2.57       ($0.04)
Tenderloin                3-4 lbs.          $554.21          $4.10         $0.01
Ribeye Roll               4-6 lbs.          $256.00          $2.69         
Ribeye Roll               6-8 lbs.          $276.58          $2.05         $0.02
Ribeye Roll               8up lbs.          $280.66          $2.05         
Flank Steak                                 $378.40          $1.59       ($0.05)
Kidney, Edible                               $21.25          $0.10         
Fat, inedible                                $20.60          $0.48         
Bone                                          $6.13          $1.47         
--------------------------------------------------------------------------------
USDA NATIONAL BOXED COW BEEF CUTS - NEGOTIATED SALES   FOB Plant basis
negotiated sales for delivery within 0-21 day period.

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

Boner/Breaker Cuts                 37.36  loads --            1,494,339  pounds
Cutter/Canner Cuts                  1.62  loads --               64,964  pounds
Boner/Breaker/Cutter/Canner        19.61  loads --              784,461  pounds
100% Lean Items                    23.57  loads --              942,675  pounds
Frozen Cuts                         1.74  loads --               69,609  pounds
--------------------------------------------------------------------------------
IMPS      Sub-Primal                       # of    Total   Weighted  Change from
                                          Trades   Pounds  Average   Prior Day
--------------------------------------------------------------------------------
BONER/BREAKER
112   Rib, ribeye roll, 6-8 lbs.              10   11,694   $284.43     ($7.85)
112   Rib, ribeye roll, 8-10 lbs.             37   70,348   $295.67       $0.08
112   Rib, ribeye roll, 10-up lbs.            88  142,584   $310.24       $0.85
112A  Rib, ribeye roll-lip-on, 8-dn lbs.      32   53,668   $401.75      $21.72
112A  Rib, ribeye roll-lip-on, 8-up lbs.      18   53,244   $434.40     ($3.06)
      Chuck, boneless 85%                      8  130,200   $200.22       
120   Chuck, brisket                          26   96,819   $192.25       $8.57
168   Round, top inside, 10-dn lbs.            5    6,092   $199.66       $0.30
168   Round, top inside, 10-up lbs.           29   70,822   $223.41       $6.23
169A  Round, top inside c-off, 8-10 lbs.
169A  Round, top inside c-off, 10-14 lbs.     33  181,498   $293.15     ($1.09)
169A  Round, top inside c-off, 14-up lbs.     10   51,015   $298.47       $0.33
171B  Round, outside round                     5   36,160   $262.93     ($0.52)
171C  Round, eye of round                     41   59,164   $261.40       $2.76
      Loin, Semi-Bnls Short Loin, 13-dn lbs.            
      Loin, Semi-Bnls Short Loin, 13-up lbs.            
180   Loin, strip, bnls, 7-9 lbs.                       
180   Loin, strip, bnls, 9-up lbs.            32  140,876   $250.20       $0.23
182   Loin, sirloin butt                                
184   Loin, top sirloin butt                  30  179,772   $223.29       $0.02
185A  Loin, bottom sirloin butt flap, bnls.   56  209,563   $349.73    ($11.47)
191A  Loin, butt tender, peeled                         
CUTTER/CANNER
112   Rib, ribeye roll, 4-6 lbs.
112   Rib, ribeye roll, 6-8 lbs.              34   53,476   $276.58       $1.72
112   Rib, ribeye roll, 8-up lbs.              3    8,005   $280.66       
100% LEAN
      Inside round - Combo                     8   84,228   $292.53     ($0.15)
      Inside round - Boxed                    38  134,142   $293.52       $0.16
      Outside round                            5   39,471   $268.17       $0.48
      Eye of round                            18   47,986   $283.17       $0.72
      Flats and eyes - Combo                  16  136,655   $269.23     ($0.03)
      Flats and eyes - Boxed                            
      Striploin                               52  184,934   $360.42       $1.57
      S.P.B. - Combo                          33  315,259   $263.20       $0.08
      S.P.B. - Boxed                                    
BONER/BREAKER & CUTTER/CANNER
116B  Chuck, chuck tender                     30  143,259   $217.01       $0.24
167A  Round, knuckle, peeled                  16   83,135   $242.94     ($2.50)
190   Loin, tenderloin, 2-3 lbs.              13   16,616   $485.35     ($6.68)
190   Loin, tenderloin, 3-4 lbs.              41   92,877   $554.21       $1.38
190   Loin, tenderloin, 4-5 lbs.             142  192,392   $588.07       $1.19
190   Loin, tenderloin, 5-up lbs.             41   78,523   $571.58       $0.79
193   Flank, flank steak                      93  114,971   $387.02    ($11.12)
      Flank, rough                            48   62,688   $248.15     ($1.22)
FROZEN BONER/BREAKER
112   Rib, ribeye roll, 6-8 lbs.
112   Rib, ribeye roll, 8-10 lbs.              6   27,314   $280.28      $18.02
112   Rib, ribeye roll, 10-up lbs.                      
112A  Rib, ribeye roll-lip-on, 8-dn lbs.                
112A  Rib, ribeye roll-lip-on, 8-up lbs.                
169A  Round, top inside c-off, 8-10 lbs.                
169A  Round, top inside c-off, 10-14 lbs.               
169A  Round, top inside c-off, 14-up lbs.               
180   Loin, strip, bnls, 7-9 lbs.                       
180   Loin, strip, bnls, 9-up lbs.             6   18,772   $308.42     ($0.87)
FROZEN CUTTER/CANNER
112   Rib, ribeye roll, 4-6 lbs.                        
112   Rib, ribeye roll, 6-8 lbs.                        
112   Rib, ribeye roll, 8-up lbs.                       
FROZEN BONER/BREAKER & CUTTER/CANNER
190   Loin, tenderloin, 2-3 lbs.                        
190   Loin, tenderloin, 3-4 lbs.                        
190   Loin, tenderloin, 4-5 lbs.                        
190   Loin, tenderloin, 5-up lbs.                       
193   Flank, flank steak                       6   13,303   $303.86       $0.20
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Source:    USDA Livestock, Poultry & Grain Market News Division, Des Moines, IA
           515-284-4460      email:  desm.lpgmn@ams.usda.gov
           24 Hour recorded market information 515-284-4830
           www.ams.usda.gov/market-news/livestock-poultry-grain
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