USDA Boxed Beef Cutout Midday Prices for November 28

November 28 (Bloomberg) -- This table details boxed beef cutout prices supplied daily by the U.S. Department of Agriculture. Prices and loads traded are as of 11:30 a.m. U.S. central time.

Prices are determined from cuts in dollars a hundredweight and vary between higher-quality choice cuts and select beef cuts for sale f.o.b. Omaha, Nebraska.

CHOICE SELECT

600-900 600-900 ------------------------------------------------------------------------------- Current Cutout Values: 196.38 177.41 Change from prior day: 0.15 0.37 ------------------------------------------------------------------------------- Choice/Select spread: 18.97

Total Load Count (Cuts, Trimmings, Grids): 54 ------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 334.62 240.41 Primal Chuck 159.44 156.95 Primal Round 164.98 164.33 Primal Loin 251.93 216.81 Primal Brisket 146.12 144.24 Primal Short Plate 139.81 142.30 Primal Flank 111.07 108.62 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS

CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 11/25 56 39 18 18 131 196.23 177.04 11/23 96 77 17 34 224 197.07 177.82 11/22 90 65 21 40 215 196.87 177.90 11/21 100 55 20 37 212 196.38 178.10 11/18 54 34 13 18 119 195.12 178.57 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 196.34 177.89 -------------------------------------------------------------------------------- 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 23.16 loads 926,503 pounds Select Cuts 17.55 loads 701,826 pounds Trimmings 5.57 loads 222,689 pounds Coarse Grinds 8.07 load 322,705 pounds ------------------------------------------------------------------------------- Choice Cuts, Fat Limitations 1-6 IMPS/FL Sub-Primal # of Total Price Weighted

rades Pounds Range Average ------------------------------------------------------------------------------- 109A 1 Rib, roast-ready, heavy 0 0 109E 1 Rib, ribeye, lip-on, bn-in 18 202,801 650.00 712.00 675.64 112A 3 Rib, ribeye, bnls, light 112A 3 Rib, ribeye, bnls, heavy 14 59,081 703.00 780.00 732.16 113A 1 Chuck, square-cut, 2 piece 0 0 113C 1 Chuck, semi-bnls, neck/off 0 0 113C 3 Chuck, semi-bnls, neck/off

3 Chuck, semi-bnls n/o sh-cut 0 0 114 1 Chuck, shoulder clod 114A 3 Chuck, shoulder clod, trmd 10 22,165 208.00 220.00 212.73 114D 3 Chuck, clod, top blade 3 9,216 272.00 295.00 272.24 114E 3 Chuck, clod, arm roast 5 4,678 245.00 257.00 250.43 114F 5 Chuck, clod tender 3 1,593 375.00 401.00 376.68 115 1 Chuck, 2-piece, boneless 116A 3 Chuck, roll, lxl, neck/off 10 32,265 220.00 244.66 230.00 116B 1 Chuck, chuck tender 6 13,056 230.00 248.00 237.09

3 Chuck roll, retail ready 120 1 Brisket, deckle-off, bnls 7 16,014 209.75 225.00 216.09 120A 3 Brisket, point/off, bnls 7 15,836 328.00 355.00 337.29 123A 3 Short Plate, short rib 18 38,578 320.79 386.00 353.29 130 4 Chuck, short rib 4 6,152 209.50 260.00 221.06 160 1 Round, bone-in 161 1 Round, boneless

3 Round, bnls/peeled heel-out 0 0 167 1 Round, knuckle 0 0 167A 4 Round, knuckle, peeled 17 34,043 223.00 233.55 230.06 168 1 Round, top inside round 4 6,586 202.00 215.00 212.52 168 3 Round, top inside round 4 51,326 218.90 226.00 220.03 169 5 Round, top inside, denuded 7 51,547 252.96 257.55 254.81

3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 0 0 171B 3 Round, outside round 13 71,476 210.00 239.66 216.56 171C 3 Round, eye of round 12 19,006 229.00 245.00 236.78

3 Round, flat/eye, heel-out 174 1 Loin, short loin, 2x3 174 3 Loin, short loin, 0x1 5 2,938 453.85 480.00 465.29 175 3 Loin, strip loin, 1x1 180 1 Loin, strip, bnls, heavy

1 Loin, strip loin bnls. 1x1 4 3,455 430.00 430.00 430.00 180 3 Loin, strip, bnls, 0x1 10 33,820 488.96 506.00 491.47 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 11 44,106 284.96 290.15 287.60 185A 4 Loin, bottom sirloin, flap 185B 1 Loin, ball-tip, bnls, heavy 5 6,152 227.00 250.00 241.29 185C 1 Loin, sirloin, tri-tip 4 4,304 265.00 292.00 272.11 185D 4 Loin, sirloin, tri-tip, pld 189A 4 Loin, tndrloin, trmd, heavy 17 42,601 1007.00 1050.00 1022.34 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak 4 3,770 350.66 376.00 372.67 ------------------------------------------------------------------------------- Select Cuts, Fat Limitations 1-6 IMPS/FL Sub-Primal # of Total Price Weighted

Trades Pounds Range Average ------------------------------------------------------------------------------- 109A 1 Rib, roast-ready, heavy 0 0 109E 1 Rib, ribeye, lip-on, bn-in 8 44,642 440.55 466.00 443.85 112A 3 Rib, ribeye, bnls, light 0 0 112A 3 Rib, ribeye, bnls, heavy 6 31,280 461.00 495.00 469.48 113A 1 Chuck, square-cut, 2 piece 0 0 113C 1 Chuck, semi-bnls, neck/off 3 1,531 211.00 224.50 219.18 113C 3 Chuck, semi-bnls, neck/off 0 0

3 Chuck, semi-bnls n/o sh-cut 0 0 114 1 Chuck, shoulder clod 114A 3 Chuck, shoulder clod, trmd 7 104,189 201.00 211.00 201.61 114D 3 Chuck, clod, top blade 114E 3 Chuck, clod, arm roast 114F 5 Chuck, clod tender 115 1 Chuck, 2-piece, boneless 116A 3 Chuck, roll, lxl, neck/off 13 47,044 220.00 243.00 232.51 116B 1 Chuck, chuck tender 3 10,945 232.00 236.50 233.80

3 Chuck roll, retail ready 0 0 120 1 Brisket, deckle-off, bnls 7 60,061 210.00 215.00 210.30 120A 3 Brisket, point/off, bnls 0 0 123A 3 Short Plate, short rib 4 5,300 289.50 386.00 360.49 130 4 Chuck, short rib 0 0 160 1 Round, bone-in 0 0 161 1 Round, boneless 0 0

3 Round, bnls/peeled heel-out 0 0 167 1 Round, knuckle 0 0 167A 4 Round, knuckle, peeled 4 47,622 218.00 240.00 219.17 168 1 Round, top inside round 168 3 Round, top inside round 169 5 Round, top inside, denuded

3 Round, top Inside, side off 170 1 Round, bottom gooseneck 3 7,547 196.12 225.00 201.36 171B 3 Round, outside round 7 13,985 221.50 238.00 234.22 171C 3 Round, eye of round 4 4,742 229.00 243.60 237.37

3 Round, flat/eye, heel-out 0 0 174 1 Loin, short loin, 2x3 0 0 174 3 Loin, short loin, 0x1 5 38,430 362.33 390.00 385.37 175 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 3 20,943 362.33 372.00 363.14 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 4 28,009 275.00 279.90 276.88 185A 4 Loin, bottom sirloin, flap 0 0 185B 1 Loin, ball-tip, bnls, heavy 185C 1 Loin, sirloin, tri-tip 6 21,101 264.43 297.00 285.40 185D 4 Loin, sirloin, tri-tip, pld 189A 4 Loin, tndrloin, trmd, heavy 6 23,383 799.45 921.00 819.34 191A 4 Loin, butt tender, trimmed 3 4,778 825.00 840.00 825.69 193 4 Flank, flank steak 6 9,284 329.97 366.50 341.90 ------------------------------------------------------------------------------- CHOICE AND SELECT CUTS, Fat Limitatins (FL) 1-6 ------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Fresh 124 4 Rib, Back Ribs, Frozen 4 4,647 100.00 105.00 103.22 121D 4 Plate, Inside Skirt 4 23,910 301.00 324.00 317.13 121C 4 Plate, Outside Skirt 4 3,105 406.00 425.00 417.54 121E 6 Plate, Outside Skirt, pld 5 22,471 547.00 580.25 566.75

Cap & Wedge Meat 16 87,439 253.00 270.10 262.89

Pectoral Meat 7 9,503 270.00 291.50 280.43 ------------------------------------------------------------------------------- GROUND BEEF - STEER and HEIFER SOURC -- 10 Pound Chub Basis ------------------------------------------------------------------------------- Ground Beef 73% 3 8,029 169.00 174.00 170.80 Ground Beef 75% 0 0 Ground Beef 81% 7 22,823 179.50 189.00 183.64 Ground Beef 85% Ground Beef 90% Ground Beef 93% 3 7,326 231.00 237.00 231.91 Ground Beef Chuck 3 25,724 187.06 195.50 190.10 Ground Beef Round 3 2,226 192.00 201.00 193.71 Ground Beef Sirloin -------------------------------------------------------------------------------- BLENDED GROUND BEEF - STEER, HEIFER and COW SOURCE -- 10 Pound Chub Basis -------------------------------------------------------------------------------- Blended Ground Beef 73% Blended Ground Beef 75% 0 0 Blended Ground Beef 81% Blended Ground Beef 85% 0 0 Blended Ground Beef 90% 0 0 Blended Ground Beef 93% 0 0 Blended Ground Beef Chuck 0 0 Blended Ground Beef Round Blended Ground Beef Sirloin 0 0 -------------------------------------------------------------------------------- BEEF TRIMMINGS - STEER and HEIFER SOURCE -------------------------------------------------------------------------------- Fresh 50% lean trimmings 6 201,689 118.50 120.00 118.81 Frozen 50% lean trimmings -------------------------------------------------------------------------------- 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_XB459 as the item may qualify. --------------------------------------------------------------------------------

A cutout value is an average of the prices tallied for cuts of beef from cattle carcasses weighing 550-850 pounds. Cutout values are separated into three main product types. Fabricated loads are beef cuts taken from an animal's ribs, chuck, round, loin, brisket, short plate and flank; 50 percent loads are 50 percent lean beef trimmings. Ground loads may contain 73, 75, or 80 percent ground beef. A typical refrigerated truckload carries 40,000 pounds.

Choice 1-3 grade is a better grade than Select 1-3, partly because Choice cuts have more fat, or marbling, than Select cuts.

Grade quality is determined using a 1-5 yield grade scale. A rating of 1 is the highest ratio of muscle to fat, while 5 is the lowest. Marbling is an important flavor factor.

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