USDA Boxed Beef Cutout Midday Prices for May 13

May 13 (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: 204.75 192.12 Change from prior day: (0.23) 0.92 ------------------------------------------------------------------------------- Choice/Select spread: 12.63

Total Load Count (Cuts, Trimmings, Grids): 90 ------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 310.56 275.60 Primal Chuck 162.01 162.37 Primal Round 163.55 162.14 Primal Loin 304.72 264.09 Primal Brisket 134.00 133.80 Primal Short Plate 139.92 142.98 Primal Flank 112.85 110.80 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS

CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 05/10 86 72 6 13 178 204.98 191.20 05/09 63 44 5 19 131 205.49 191.03 05/08 68 72 16 43 199 204.67 190.63 05/07 60 47 8 33 147 201.19 190.26 05/06 53 38 11 24 125 200.26 189.61 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 203.32 190.55 -------------------------------------------------------------------------------- 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 40.11 loads 1,604,503 pounds Select Cuts 23.29 loads 931,519 pounds Trimmings 7.77 loads 310,909 pounds Ground Beef 18.89 load 755,724 pounds ------------------------------------------------------------------------------- Choice Cuts, Fat Limitations 1-6 (IM) = Individual Muscle IMPS/FL Sub-Primal # of Total Price Weighted

rades Pounds Range Average ------------------------------------------------------------------------------- 109E 1 Rib, ribeye, lip-on, bn-in 8 33,517 609.00 635.00 624.93 112A 3 Rib, ribeye, bnls, light 10 19,983 668.14 705.00 679.29 112A 3 Rib, ribeye, bnls, heavy 14 61,703 623.00 679.00 639.85 113C 1 Chuck, semi-bnls, neck/off 8 29,328 192.45 219.00 205.61 114 1 Chuck, shoulder clod 4 21,629 206.00 212.00 210.13 114A 3 Chuck, shoulder clod, trmd 11 204,848 218.50 231.00 218.79 114D 3 Chuck, clod, top blade 6 10,140 278.81 300.35 293.54 114E 3 Chuck, clod, arm roast 114F 5 Chuck, clod tender (IM) 13 10,498 396.00 435.00 404.05 115 1 Chuck, 2-piece, boneless 116A 3 Chuck, roll, lxl, neck/off 22 122,553 224.97 243.26 231.81 116B 1 Chuck, chuck tender (IM) 5 5,379 201.12 215.00 213.84

3 Chuck roll, retail ready 120 1 Brisket, deckle-off, bnls 18 61,742 195.00 207.00 197.78 120A 3 Brisket, point/off, bnls 0 0 123A 3 Short Plate, short rib 15 38,408 394.78 445.00 427.33 130 4 Chuck, short rib 10 17,209 307.00 346.76 321.38 160 1 Round, bone-in 161 1 Round, boneless 0 0

3 Round, bnls/peeled heel-out 167A 4 Round, knuckle, peeled 9 65,750 221.00 236.74 225.09 168 1 Round, top inside round 6 30,524 207.00 216.76 211.84 168 3 Round, top inside round 10 176,074 211.93 224.74 217.10 169 5 Round, top inside, denuded 5 5,788 245.00 256.73 249.51

3 Round, top inside, side off 170 1 Round, bottom gooseneck 171B 3 Round, outside round 23 207,914 199.74 211.00 207.85 171C 3 Round, eye of round (IM) 9 31,995 203.81 220.00 210.16 174 1 Loin, short loin, 2x3 0 0 174 3 Loin, short loin, 0x1 175 3 Loin, strip loin, 1x1 180 1 Loin, strip, bnls, heavy

1 Loin, strip loin bnls. 1x1 3 1,611 690.00 695.00 691.43 180 3 Loin, strip, bnls, 0x1 10 37,626 718.00 800.00 737.23 184 1 Loin, top butt, bnls, heavy 6 4,705 306.50 327.00 321.05 184 3 Loin, top butt, boneless 11 96,296 346.00 375.00 352.07 185A 4 Loin, bottom sirloin, flap 8 42,220 475.00 516.00 499.59 185B 1 Loin, ball-tip, bnls, heavy 9 11,787 270.00 275.00 272.98 185C 1 Loin, sirloin, tri-tip (IM) 3 2,118 320.00 335.26 327.45 185D 4 Loin, tri-tip, pld (IM) 0 0 189A 4 Loin, tndrloin, trmd, heavy 13 36,097 937.00 986.00 950.90 191A 4 Loin, butt tender, trimmed 0 0 193 4 Flank, flank steak (IM) 4 6,870 425.74 461.00 441.97 ------------------------------------------------------------------------------- Select Cuts, Fat Limitations 1-6 (IM) = Individual Muscle IMPS/FL Sub-Primal # of Total Price Weighted

Trades Pounds Range Average ------------------------------------------------------------------------------- 109E 1 Rib, ribeye, lip-on, bn-in 3 18,509 516.00 525.00 518.42 112A 3 Rib, ribeye, bnls, light 7 33,554 545.00 590.00 551.49 112A 3 Rib, ribeye, bnls, heavy 14 43,733 545.00 590.00 556.63 113C 1 Chuck, semi-bnls, neck/off 10 50,584 203.00 219.00 207.54 114 1 Chuck, shoulder clod 114A 3 Chuck, shoulder clod, trmd 11 53,709 216.18 223.73 218.95 114D 3 Chuck, clod, top blade 0 0 114E 3 Chuck, clod, arm roast 114F 5 Chuck, clod tender (IM) 115 1 Chuck, 2-piece, boneless 116A 3 Chuck, roll, lxl, neck/off 11 43,157 221.34 237.00 225.98 116B 1 Chuck, chuck tender (IM) 8 19,606 210.00 220.00 211.43

3 Chuck roll, retail ready 120 1 Brisket, deckle-off, bnls 3 14,756 195.00 199.85 195.60 120A 3 Brisket, point/off, bnls 123A 3 Short Plate, short rib 130 4 Chuck, short rib 0 0 160 1 Round, bone-in 0 0 161 1 Round, boneless 4 1,823 205.75 213.00 209.05

3 Round, bnls/peeled heel-out 167A 4 Round, knuckle, peeled 7 8,800 225.10 232.74 227.41 168 1 Round, top inside round 8 49,913 197.00 209.04 203.48 168 3 Round, top inside round 4 4,616 210.00 220.00 213.38 169 5 Round, top inside, denuded

3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 0 0 171B 3 Round, outside round 7 24,750 200.00 210.80 204.38 171C 3 Round, eye of round (IM) 14 57,870 209.39 215.00 213.67 174 1 Loin, short loin, 2x3 174 3 Loin, short loin, 0x1 5 31,174 550.32 575.00 554.97 175 3 Loin, strip loin, 1x1 180 1 Loin, strip, bnls, heavy 0 0

1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 14 28,017 572.15 604.00 588.52 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 185A 4 Loin, bottom sirloin, flap 0 0 185B 1 Loin, ball-tip, bnls, heavy 3 27,719 260.00 260.00 260.00 185C 1 Loin, sirloin, tri-tip (IM) 3 22,015 278.50 285.00 280.20 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 10 56,076 870.00 936.00 875.95 191A 4 Loin, butt tender, trimmed 6 7,956 850.00 915.00 858.50 193 4 Flank, flank steak (IM) 4 9,563 419.00 469.00 434.36 ------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS FatLimitations 1-6 (IM) = Individual Muscle ------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Fresh 124 4 Rib, Back Ribs, Frozen 9 85,458 78.00 116.63 79.43 121D 4 Plate, Inside Skirt (IM) 12 37,020 357.00 395.00 366.23 121C 4 Plate, Outside Skirt (IM) 4 4,646 465.00 465.00 465.00 121E 6 Outside Skirt, pld (IM)

Cap, Wedge Meat & (IM) Lean 19 101,780 218.00 235.95 225.75

Pectoral Meat 11 49,970 225.00 235.00 227.10 ------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound hub Basis - Coarse and Fine Grind ------------------------------------------------------------------------------- Ground Beef 73% 13 203,626 165.00 184.00 169.37 Ground Beef 75% Ground Beef 81% 14 170,392 175.00 210.00 185.81 Ground Beef 85% Ground Beef 90% 0 0 Ground Beef 93% 3 2,211 235.35 258.00 240.30 Ground Beef Chuck 80% 10 120,294 198.58 204.86 199.41 Ground Beef Round 85% 7 117,404 215.13 238.00 222.65 Ground Beef Sirloin 90% 0 0 ------------------------------------------------------------------------------- BLENDED GB - STEER/HEIFER/COW SOURCE- 10 Pound Chub Basis - Coarse & Fine Grind ------------------------------------------------------------------------------- Blended Ground Beef 73% Blended Ground Beef 75% Blended Ground Beef 81% Blended Ground Beef 85% 0 0 Blended Ground Beef 90% Blended Ground Beef 93% Blended Ground Beef Chuck 80% Blended Ground Beef Round 85% 0 0 Blended Ground Beef Sirloin 90% 0 0 -------------------------------------------------------------------------------- BEEF TRIMMINGS - STEER/HEIFER SOURCE - Fresh Combos & Frozen Boxed -------------------------------------------------------------------------------- Fresh 50% lean trimmings 14 310,909 94.50 98.05 96.84 Frozen 50% lean trimmings 0 0 -------------------------------------------------------------------------------- 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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