USDA Boxed Beef Cutout Midday Prices for November 25

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: 201.35 188.25 Change from prior day: 2.43 1.43 ------------------------------------------------------------------------------- Choice/Select spread: 13.09

Total Load Count (Cuts, Trimmings, Grids): 82 ------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES

Primal Rib 342.02 280.38

Primal Chuck 168.99 166.41

Primal Round 171.56 170.53

Primal Loin 256.49 231.76

Primal Brisket 135.73 135.36

Primal Short Plate 135.37 137.42

Primal Flank 102.11 101.58 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS

CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 11/22 111 57 20 19 207 198.92 186.82 11/21 92 64 36 25 217 198.58 186.43 11/20 118 74 0 66 258 199.34 187.30 11/19 102 70 5 12 190 199.02 187.90 11/18 67 27 0 21 115 200.56 189.71 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 199.28 187.63 -------------------------------------------------------------------------------- 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 42.94 loads 1,717,602 pounds

Select Cuts 16.85 loads 673,853 pounds

Trimmings 9.64 loads 385,736 pounds

Ground Beef 12.26 load 490,251 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 23 145,406 654.99 745.00 673.14 112A 3 Rib, ribeye, bnls, light 4 39,156 750.00 780.00 762.26 112A 3 Rib, ribeye, bnls, heavy 12 29,246 748.00 790.00 765.16 113C 1 Chuck, semi-bnls, neck/off 114 1 Chuck, shoulder clod 3 1,896 210.00 220.00 216.24 114A 3 Chuck, shoulder clod, trmd 4 52,601 225.50 226.74 226.15 114D 3 Chuck, clod, top blade 3 2,596 269.00 280.00 272.72 114E 3 Chuck, clod, arm roast 11 29,196 243.86 290.00 264.20 114F 5 Chuck, clod tender (IM) 9 5,045 312.00 360.00 339.57 115 1 Chuck, 2-piece, boneless 116A 3 Chuck, roll, lxl, neck/off 28 178,052 257.00 281.60 267.09 116B 1 Chuck, chuck tender (IM) 6 9,768 220.00 229.60 224.64

3 Chuck roll, retail ready 0 0 120 1 Brisket, deckle-off, bnls 14 27,685 198.50 213.00 201.38 120A 3 Brisket, point/off, bnls 6 15,832 363.60 375.00 365.64 123A 3 Short Plate, short rib 19 24,709 438.75 511.00 469.41 130 4 Chuck, short rib 13 37,519 320.00 340.00 335.10 160 1 Round, bone-in 161 1 Round, boneless

3 Round, bnls/peeled heel-out 167A 4 Round, knuckle, peeled 43 377,494 218.00 244.50 227.25 168 1 Round, top inside round 14 46,388 211.30 225.00 212.92 168 3 Round, top inside round 6 26,883 226.00 239.00 228.54 169 5 Round, top inside, denuded 17 65,005 253.00 262.60 261.63

3 Round, top inside, side off 170 1 Round, bottom gooseneck 171B 3 Round, outside round 20 150,203 224.75 240.00 230.41 171C 3 Round, eye of round (IM) 22 81,744 248.00 261.75 253.29 174 1 Loin, short loin, 2x3 0 0 174 3 Loin, short loin, 0x1 10 34,310 410.60 455.00 415.36 175 3 Loin, strip loin, 1x1 180 1 Loin, strip, bnls, heavy

1 Loin, strip loin bnls. 1x1 5 2,800 405.00 443.50 410.98 180 3 Loin, strip, bnls, 0x1 13 41,241 460.00 490.00 470.36 184 1 Loin, top butt, bnls, heavy 11 18,581 245.00 273.00 251.84 184 3 Loin, top butt, boneless 16 72,139 269.00 293.00 284.32 185A 4 Loin, bottom sirloin, flap 10 28,939 365.00 376.00 368.30 185B 1 Loin, ball-tip, bnls, heavy 11 37,340 241.63 258.00 246.92 185C 1 Loin, sirloin, tri-tip (IM) 4 2,847 300.70 328.50 314.80 185D 4 Loin, tri-tip, pld (IM) 3 3,248 407.00 421.00 411.79 189A 4 Loin, tndrloin, trmd, heavy 16 36,410 1217.60 1326.00 1268.23 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) 6 15,488 358.00 371.00 362.03 ------------------------------------------------------------------------------- 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 5 10,030 524.50 580.69 530.33 112A 3 Rib, ribeye, bnls, light 112A 3 Rib, ribeye, bnls, heavy 6 10,537 563.89 588.50 567.23 113C 1 Chuck, semi-bnls, neck/off 4 8,820 214.00 225.00 214.68 114 1 Chuck, shoulder clod 4 32,839 210.00 220.00 211.47 114A 3 Chuck, shoulder clod, trmd 5 42,429 215.74 232.00 220.09 114D 3 Chuck, clod, top blade 0 0 114E 3 Chuck, clod, arm roast 114F 5 Chuck, clod tender (IM) 4 8,499 285.00 285.00 285.00 115 1 Chuck, 2-piece, boneless 116A 3 Chuck, roll, lxl, neck/off 10 26,390 242.05 263.00 257.80 116B 1 Chuck, chuck tender (IM)

3 Chuck roll, retail ready 0 0 120 1 Brisket, deckle-off, bnls 9 30,241 195.00 208.00 199.29 120A 3 Brisket, point/off, bnls 123A 3 Short Plate, short rib 3 9,098 443.00 476.00 472.31 130 4 Chuck, short rib 160 1 Round, bone-in 0 0 161 1 Round, boneless

3 Round, bnls/peeled heel-out 0 0 167A 4 Round, knuckle, peeled 6 11,494 223.70 232.80 228.31 168 1 Round, top inside round 7 32,154 212.00 224.00 212.90 168 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 8 30,603 226.40 250.00 238.34 171C 3 Round, eye of round (IM) 6 7,650 246.40 265.00 262.81 174 1 Loin, short loin, 2x3 0 0 174 3 Loin, short loin, 0x1 6 33,445 384.50 440.00 400.02 175 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 7 25,856 389.20 436.00 410.44 184 1 Loin, top butt, bnls, heavy 9 29,946 244.40 260.00 249.04 184 3 Loin, top butt, boneless 10 98,109 250.00 275.00 253.93 185A 4 Loin, bottom sirloin, flap 3 2,636 338.00 370.00 351.84 185B 1 Loin, ball-tip, bnls, heavy 11 36,717 250.00 267.00 250.31 185C 1 Loin, sirloin, tri-tip (IM) 185D 4 Loin, tri-tip, pld (IM) 0 0 189A 4 Loin, tndrloin, trmd, heavy 191A 4 Loin, butt tender, trimmed 0 0 193 4 Flank, flank steak (IM) 3 4,241 365.00 375.00 365.37 ------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS FatLimitations 1-6 (IM) = Individual Muscle ------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Fresh 124 4 Rib, Back Ribs, Frozen 10 7,827 75.00 120.00 91.20 121D 4 Plate, Inside Skirt (IM) 11 38,433 315.00 350.00 325.59 121C 4 Plate, Outside Skirt (IM) 5 4,543 400.00 421.00 404.86 121E 6 Outside Skirt, pld (IM) 5 16,444 525.60 543.00 531.04

Cap, Wedge Meat & (IM) Lean 24 68,706 249.00 260.00 250.31

Pectoral Meat 13 28,048 255.11 280.00 264.11 ------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound hub Basis - Coarse and Fine Grind ------------------------------------------------------------------------------- Ground Beef 73% 10 54,941 147.40 174.00 159.97 Ground Beef 75% Ground Beef 81% 10 87,096 171.50 187.00 179.04 Ground Beef 85% 0 0 Ground Beef 90% 0 0 Ground Beef 93% 0 0 Ground Beef Chuck 80% 6 25,898 193.00 204.00 198.94 Ground Beef Round 85% 9 51,184 214.00 227.00 221.87 Ground Beef Sirloin 90% 0 0 ------------------------------------------------------------------------------- BLENDED GB - STEER/HEIFER/COW SOURCE- 10 Pound Chub Basis - Coarse & Fine Grind ------------------------------------------------------------------------------- Blended Ground Beef 73% 0 0 Blended Ground Beef 75% 0 0 Blended Ground Beef 81% 13 116,300 184.55 214.00 206.14 Blended Ground Beef 85% 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 13 385,736 99.76 117.00 106.52 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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