USDA Boxed Beef Cutout Midday Prices for December 31

December 31 (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: 200.84 196.06 Change from prior day: 1.13 0.60 ------------------------------------------------------------------------------- Choice/Select spread: 4.78

Total Load Count (Cuts, Trimmings, Grids): 100 ------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 285.04 262.90 Primal Chuck 181.26 182.38 Primal Round 190.16 191.52 Primal Loin 247.13 232.35 Primal Brisket 141.03 140.88 Primal Short Plate 130.82 134.47 Primal Flank 98.74 98.82 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS

CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 12/30 64 24 6 21 115 199.71 195.46 12/27 80 32 21 7 140 196.99 191.30 12/26 44 23 8 11 87 196.93 190.46 12/24 74 39 10 36 158 196.86 191.98 12/23 56 27 8 10 101 196.69 190.52 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 197.44 191.94 -------------------------------------------------------------------------------- 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 52.12 loads 2,084,764 pounds Select Cuts 29.09 loads 1,163,417 pounds Trimmings 4.28 loads 171,141 pounds Ground Beef 14.87 load 594,771 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 16 12,368 511.75 591.28 539.03 112A 3 Rib, ribeye, bnls, light 20 17,223 574.72 650.00 615.45 112A 3 Rib, ribeye, bnls, heavy 49 82,149 555.97 641.00 586.40 113C 1 Chuck, semi-bnls, neck/off 114 1 Chuck, shoulder clod 9 44,348 220.00 238.00 226.75 114A 3 Chuck, shoulder clod, trmd 25 194,665 236.00 254.28 244.50 114D 3 Chuck, clod, top blade 14 34,577 245.00 288.00 261.88 114E 3 Chuck, clod, arm roast 7 23,277 279.00 305.05 295.62 114F 5 Chuck, clod tender (IM) 14 16,616 300.00 341.00 321.17 115 1 Chuck, 2-piece, boneless 116A 3 Chuck, roll, lxl, neck/off 39 288,328 269.73 300.02 282.62 116B 1 Chuck, chuck tender (IM) 19 17,926 228.00 250.48 239.67

3 Chuck roll, retail ready 0 0 120 1 Brisket, deckle-off, bnls 38 71,447 205.55 220.00 213.91 120A 3 Brisket, point/off, bnls 15 7,702 370.55 408.28 391.05 123A 3 Short Plate, short rib 28 41,120 450.00 550.00 491.79 130 4 Chuck, short rib 21 46,596 306.32 340.00 333.04 160 1 Round, bone-in 4 6,015 235.00 264.50 252.56 161 1 Round, boneless

3 Round, bnls/peeled heel-out 0 0 167A 4 Round, knuckle, peeled 27 33,853 256.00 280.00 268.60 168 1 Round, top inside round 30 118,570 226.00 248.00 237.20 168 3 Round, top inside round 20 254,313 234.00 255.00 242.90 169 5 Round, top inside, denuded 6 10,040 271.00 283.00 276.00

3 Round, top inside, side off 170 1 Round, bottom gooseneck 171B 3 Round, outside round 26 36,281 239.17 265.28 260.34 171C 3 Round, eye of round (IM) 33 29,805 263.00 285.00 272.76 174 1 Loin, short loin, 2x3 174 3 Loin, short loin, 0x1 20 22,959 450.00 470.78 466.90 175 3 Loin, strip loin, 1x1 180 1 Loin, strip, bnls, heavy 0 0

1 Loin, strip loin bnls. 1x1 12 12,034 405.00 449.00 421.88 180 3 Loin, strip, bnls, 0x1 50 77,543 470.00 516.70 481.64 184 1 Loin, top butt, bnls, heavy 19 20,483 250.00 282.28 261.44 184 3 Loin, top butt, boneless 18 41,071 265.00 301.92 278.82 185A 4 Loin, bottom sirloin, flap 42 115,734 365.00 407.00 387.87 185B 1 Loin, ball-tip, bnls, heavy 21 34,553 240.00 252.00 245.22 185C 1 Loin, sirloin, tri-tip (IM) 5 9,299 271.00 305.00 286.61 185D 4 Loin, tri-tip, pld (IM) 12 2,915 390.00 422.00 404.63 189A 4 Loin, tndrloin, trmd, heavy 29 63,433 975.00 1025.00 984.37 191A 4 Loin, butt tender, trimmed 4 10,354 857.00 904.26 900.82 193 4 Flank, flank steak (IM) 16 9,076 359.00 395.00 375.64 ------------------------------------------------------------------------------- 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 11 13,698 459.00 529.00 476.40 112A 3 Rib, ribeye, bnls, light 18 75,160 509.50 565.00 525.99 112A 3 Rib, ribeye, bnls, heavy 43 68,344 507.26 566.00 532.84 113C 1 Chuck, semi-bnls, neck/off 7 12,542 223.75 234.00 226.25 114 1 Chuck, shoulder clod 114A 3 Chuck, shoulder clod, trmd 9 24,228 240.00 249.74 244.65 114D 3 Chuck, clod, top blade 114E 3 Chuck, clod, arm roast 114F 5 Chuck, clod tender (IM) 16 12,327 265.00 297.00 277.63 115 1 Chuck, 2-piece, boneless 116A 3 Chuck, roll, lxl, neck/off 22 104,607 267.25 300.00 290.87 116B 1 Chuck, chuck tender (IM) 14 20,288 242.00 252.00 247.78

3 Chuck roll, retail ready 120 1 Brisket, deckle-off, bnls 16 26,036 205.00 225.00 211.99 120A 3 Brisket, point/off, bnls 123A 3 Short Plate, short rib 5 6,625 426.88 525.00 458.25 130 4 Chuck, short rib 10 5,126 325.00 340.00 331.60 160 1 Round, bone-in 161 1 Round, boneless 4 2,773 257.00 258.00 257.75

3 Round, bnls/peeled heel-out 167A 4 Round, knuckle, peeled 11 32,607 260.00 280.00 264.44 168 1 Round, top inside round 14 16,170 223.20 247.80 236.05 168 3 Round, top inside round 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 16 49,453 252.73 265.28 258.52 171C 3 Round, eye of round (IM) 16 67,319 260.65 280.00 270.97 174 1 Loin, short loin, 2x3 174 3 Loin, short loin, 0x1 18 23,072 410.00 450.00 426.27 175 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 33 81,029 410.00 453.74 430.94 184 1 Loin, top butt, bnls, heavy 11 13,921 250.00 270.00 260.21 184 3 Loin, top butt, boneless 20 24,049 265.73 290.00 281.92 185A 4 Loin, bottom sirloin, flap 10 194,889 365.00 400.00 367.20 185B 1 Loin, ball-tip, bnls, heavy 13 26,913 225.00 250.00 242.68 185C 1 Loin, sirloin, tri-tip (IM) 6 29,405 269.93 296.02 275.07 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 31 39,932 932.00 960.00 946.51 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) 5 26,498 363.79 384.00 367.78 ------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS FatLimitations 1-6 (IM) = Individual Muscle ------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Fresh 124 4 Rib, Back Ribs, Frozen 3 6,414 99.00 102.50 101.73 121D 4 Plate, Inside Skirt (IM) 18 19,552 323.00 355.00 337.27 121C 4 Plate, Outside Skirt (IM) 18 26,189 370.00 427.00 392.85 121E 6 Outside Skirt, pld (IM) 3 3,119 570.00 614.75 586.66

Cap, Wedge Meat & (IM) Lean 49 128,480 253.00 284.28 262.11

Pectoral Meat 23 18,162 260.00 290.00 279.80 ------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound hub Basis - Coarse and Fine Grind ------------------------------------------------------------------------------- Ground Beef 73% 25 113,796 179.68 211.00 187.43 Ground Beef 75% Ground Beef 81% 41 144,710 191.00 214.28 201.07 Ground Beef 85% Ground Beef 90% Ground Beef 93% 12 20,682 273.75 285.28 281.63 Ground Beef Chuck 80% 19 124,850 209.55 227.00 223.33 Ground Beef Round 85% 22 50,498 240.00 254.00 252.50 Ground Beef Sirloin 90% ------------------------------------------------------------------------------- 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% 6 29,582 194.25 214.00 206.58 Blended Ground Beef 85% Blended Ground Beef 90% 0 0 Blended Ground Beef 93% Blended Ground Beef Chuck 80% Blended Ground Beef Round 85% 0 0 Blended Ground Beef Sirloin 90% -------------------------------------------------------------------------------- BEEF TRIMMINGS - STEER/HEIFER SOURCE - Fresh Combos & Frozen Boxed -------------------------------------------------------------------------------- Fresh 50% lean trimmings 7 171,141 85.00 90.00 87.87 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. --------------------------------------------------------------------------------

**Mon, Dec 30, 2013 Current yields

CHOICE SELECT

600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 199.71 195.46 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 283.65 262.44 Primal Chuck 180.03 181.77 Primal Round 187.93 189.39 Primal Loin 247.01 232.98 Primal Brisket 140.05 140.87 Primal Short Plate 130.74 134.38 Primal Flank 98.04 98.35 --------------------------------------------------------------------------------

Mon, Dec 30, 2013 Updated yields

CHOICE SELECT

600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 201.59 197.04 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 285.67 264.72 Primal Chuck 180.87 182.56 Primal Round 188.50 189.90 Primal Loin 251.52 237.28 Primal Brisket 142.15 142.99 Primal Short Plate 132.41 132.41 Primal Flank 100.88 101.20** --------------------------------------------------------------------------------

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.