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Weekly Beef Commentary

Boxed beef cutout values were lower on light to moderate demand and moderate to heavy offerings. The inability of packers to sell very much product on the spot market the last few weeks began to have a significant effect on pricing this session. The fact that harvest rates were slower this week despite cheaper cattle made the reality of building packer inventories all the more apparent. Price declines were consistent throughout the carcass but were somewhat surprising for the rib complex. Forward business was noteworthy for Select export ribs priced above current levels, along with ground chuck trading consistent to the spot market. Beef trimmings were generally steady through midweek; however Thursday saw a decidedly lower market develop. Fed cattle grinds were lower on light to moderate demand and moderate offerings, while blended grinds were generally steady on light to moderate demand and offerings.
The Beef Report for November 5, 2010

Note: The pricing below is USDA commodity and/or wholesale pricing. It should be used as a guide to monitor market conditions and is not in any way comparable to distributor invoice pricing.

Origin Price Price (Week Prior) Price (Year Prior)
1 Loin Strip Loin Boneless. 1x1  (Select) n/a 3.26 3.24 n/a
1 Loin Strip Loin Boneless. 1x1  (Choice) n/a 3.59 3.82 n/a
109A 1 Rib roast-ready heavy  (Choice) n/a 4.10 4.31 n/a
109E 1 Rib ribeye lip-on bn-in  (Select) n/a 4.60 4.70 n/a
109E 1 Rib ribeye lip-on bn-in  (Choice) n/a 5.29 5.30 n/a
112A 3 Rib ribeye bnls light  (Choice) n/a 6.15 5.87 n/a
112A 3 Rib ribeye bnls light  (Select) n/a 5.32 5.45 n/a
112A 3 Rib ribeye bnlsheavy  (Select) n/a 5.15 5.20 n/a
112A 3 Rib ribeye bnlsheavy  (Choice) n/a 5.64 5.75 n/a
113A 1 Chuck square-cut 2 piece  (Choice) n/a 1.78 1.76 n/a
113C 1 Chuck semi-bnls neck/off  (Select) n/a 1.69 1.71 n/a
113C 1 Chuck semi-bnls neck/off  (Choice) n/a 1.60 1.60 n/a
114 1 Chuck shoulder clod  (Select) n/a 1.67 1.67 n/a
114 1 Chuck shoulder clod  (Choice) n/a 1.66 1.71 n/a
114A 3 Chuck shoulder clod trmd  (Choice) n/a 1.78 1.82 n/a
114A 3 Chuck shoulder clod trmd  (Select) n/a 1.72 1.83 n/a
114D 3 Chuck Clod top blade  (Choice) n/a 2.30 2.40 n/a
114E 3 Chuck Clod Arm Roast  (Choice) n/a 2.13 2.20 n/a
114F 5 Chuck Clod tender  (Select) n/a 2.52 2.57 n/a
114F 5 Chuck Clod tender  (Choice) n/a 2.68 2.61 n/a
115 1 Chuck 2-piece boneless  (Choice) n/a 1.74 1.86 n/a
115 1 Chuck 2-piece boneless  (Select) n/a 1.85 1.85 n/a
116A 3 Chuck roll lxl neck/off  (Select) n/a 2.12 2.20 n/a
116A 3 Chuck roll lxl neck/off  (Choice) n/a 2.22 2.25 n/a
116B 1 Chuck chuck tender  (Choice) n/a 1.79 1.80 n/a
116B 1 Chuck chuck tender  (Select) n/a 1.79 1.81 n/a
120 1 Brisket deckle-off bnls  (Choice) n/a 1.57 1.55 n/a
120 1 Brisket deckle-off bnls  (Select) n/a 1.56 1.55 n/a
120A 3 Brisket point/off bnls  (Choice) n/a 2.66 2.60 n/a
120A 3 Brisket point/off bnls  (Select) n/a 2.56 2.57 n/a
121C 4 Plate Outside Skirt  (ChoiceSelect) n/a 2.78 2.88 n/a
121D 4 Plate Inside Skirt  (ChoiceSelect) n/a 2.80 2.80 n/a
121E 6 Plate Outside Skirt pld  (ChoiceSelect) n/a 4.20 4.27 n/a
123A 3 Short Plate short rib  (Choice) n/a 3.54 3.51 n/a
123A 3 Short Plate short rib  (Select) n/a 3.34 3.38 n/a
124 4 Rib Back Ribs Fresh  (ChoiceSelect) n/a 1.29 1.27 n/a
124 4 Rib Back Ribs Frozen  (ChoiceSelect) n/a 0.96 1.01 n/a
130 4 Chuck short rib  (Choice) n/a 2.33 2.29 n/a
130 4 Chuck short rib  (Select) n/a 2.35 2.31 n/a
160 1 Round bone-in  (Select) n/a 1.73 1.75 n/a
160 1 Round bone-in  (Choice) n/a 1.73 1.73 n/a
161 1 Round boneless  (Choice) n/a 1.82 1.82 n/a
161 1 Round boneless  (Select) n/a 1.82 1.83 n/a
167 1 Round knuckle  (Select) n/a 1.94 1.88 n/a
167A 4 Round knuckle peeled  (Select) n/a 1.97 2.00 n/a
167A 4 Round knuckle peeled  (Choice) n/a 2.00 2.01 n/a
168 1 Round top inside round  (Select) n/a 1.69 1.79 n/a
168 1 Round top inside round  (Choice) n/a 1.70 1.79 n/a
168 3 Round top inside round  (Select) n/a 1.80 1.86 n/a
168 3 Round top inside round  (Choice) n/a 1.77 1.82 n/a
169 5 Round top inside denuded  (Select) n/a 2.15 2.21 n/a
169 5 Round top inside denuded  (Choice) n/a 2.17 2.22 n/a
170 1 Round bottom gooseneck  (Select) n/a 1.70 1.71 n/a
170 1 Round bottom gooseneck  (Choice) n/a 1.76 1.80 n/a
171B 3 Round outside round  (Choice) n/a 1.98 2.05 n/a
171B 3 Round outside round  (Select) n/a 1.98 2.04 n/a
171C 3 Round eye of round  (Select) n/a 2.20 2.28 n/a
171C 3 Round eye of round  (Choice) n/a 2.26 2.28 n/a
174 1 Loin short loin 2x3  (Choice) n/a 3.39 3.55 n/a
174 1 Loin short loin 2x3  (Select) n/a 3.09 3.26 n/a
174 3 Loin short loin 0x1  (Select) n/a 3.48 3.62 n/a
174 3 Loin short loin 0x1  (Choice) n/a 3.77 4.16 n/a
175 3 Loin strip loin 1x1  (Choice) n/a 3.48 3.41 n/a
175 3 Loin strip loin 1x1  (Select) n/a 3.13 3.05 n/a
180 1 Loin strip bnls heavy  (Select) n/a 2.96 2.80 n/a
180 3 Loin strip bnls 0x1  (Select) n/a 3.54 3.66 n/a
180 3 Loin strip bnls 0x1  (Choice) n/a 3.99 4.10 n/a
184 1 Loin top butt bnls heavy  (Select) n/a 1.77 1.81 n/a
184 1 Loin top butt bnls heavy  (Choice) n/a 2.24 2.25 n/a
184 3 Loin top butt boneless  (Choice) n/a 2.32 2.33 n/a
184 3 Loin top butt boneless  (Select) n/a 1.87 1.83 n/a
185A 4 Loin bottom sirloin flap  (Select) n/a 2.61 2.71 n/a
185A 4 Loin bottom sirloin flap  (Choice) n/a 2.66 2.72 n/a
185B 1 Loin ball-tip bnlsheavy  (Choice) n/a 1.87 1.80 n/a
185B 1 Loin ball-tip bnlsheavy  (Select) n/a 1.79 1.75 n/a
185C 1 Loin sirloin tri-tip  (Select) n/a 2.14 2.16 n/a
185C 1 Loin sirloin tri-tip  (Choice) n/a 2.19 2.25 n/a
185D 4 Loin sirloin tri-tip pld  (Choice) n/a 3.03 3.10 n/a
185D 4 Loin sirloin tri-tip pld  (Select) n/a 2.93 2.76 n/a
189A 4 Loin tndrloin trmdheavy  (Select) n/a 8.19 8.34 n/a
189A 4 Loin tndrloin trmdheavy  (Choice) n/a 9.52 9.46 n/a
191A 4 Loin butt tender trimmed  (Choice) n/a 9.43 9.28 n/a
191A 4 Loin butt tender trimmed  (Select) n/a 7.82 7.95 n/a
193 4 Flank flank steak  (Select) n/a 2.97 3.07 n/a
193 4 Flank flank steak  (Choice) n/a 2.99 3.13 n/a
3 Chuck roll retail ready  (Choice) n/a 2.40 2.42 n/a
3 Chuck semi-bnls n/o sh-cut  (Select) n/a 1.98 2.05 n/a
3 Chuck semi-bnls n/o sh-cut  (Choice) n/a 1.72 1.92 n/a
3 Round bnls/peeled heel-out  (Select) n/a 2.00 1.93 n/a
3 Round bnls/peeled heel-out  (Choice) n/a 1.96 1.96 n/a
3 Round Top Inside side off  (Choice) n/a 1.92 1.99 n/a
Blended Ground beef 73%  (BlendedGroundBeef) n/a 1.27 1.27 n/a
Blended Ground beef 81%  (BlendedGroundBeef) n/a 1.43 1.42 n/a
Blended Ground beef 85%  (BlendedGroundBeef) n/a 1.63 1.69 n/a
Blended Ground beef 93%  (BlendedGroundBeef) n/a 1.74 1.80 n/a
Blended Ground beef Chuck  (BlendedGroundBeef) n/a 1.52 1.49 n/a
Blended Ground beef Round  (BlendedGroundBeef) n/a 1.68 1.72 n/a
Blended Ground beef Sirloin  (BlendedGroundBeef) n/a 2.22 2.25 n/a
Cap and Wedge Meat  (ChoiceSelect) n/a 2.04 2.16 n/a
Fresh 50% lean trimmings  (BeefTrimmings) n/a 0.79 0.81 n/a
Frozen 50% lean trimmings  (BeefTrimmings) n/a 0.82 0.81 n/a
Ground beef 73%  (GroundBeef) n/a 1.15 1.16 n/a
Ground beef 75%  (GroundBeef) n/a 1.24 1.29 n/a
Ground beef 81%  (GroundBeef) n/a 1.32 1.34 n/a
Ground beef 90%  (GroundBeef) n/a 1.64 1.55 n/a
Ground beef 93%  (GroundBeef) n/a 1.67 1.70 n/a
Ground beef Chuck  (GroundBeef) n/a 1.33 1.37 n/a
Ground beef Round  (GroundBeef) n/a 1.54 1.57 n/a
Ground beef Sirloin  (GroundBeef) n/a 2.12 2.14 n/a
Pectoral Meat  (ChoiceSelect) n/a 2.37 2.36 n/a












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