LM_XB402 Des Moines, IA Tue, Oct 10, 2017 USDA Market News NATIONAL DAILY BOXED BEEF CUTOUT AND BOXED BEEF CUTS - Negotiated Sales - Morning USDA ESTIMATED BOXED BEEF CUT-OUT VALUES - as of 9:30am Based on negotiated prices and volume of boxed beef cuts delivered within 0-21 days and on average industry cutting yields. Values reflect U.S. dollars per 100 pounds. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 198.53 190.25 Change from prior day: 0.40 1.59 -------------------------------------------------------------------------------- Choice/Select spread: 8.28 Total Load Count (Cuts, Trimmings, Grinds): 54 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 342.23 299.16 Primal Chuck 170.78 169.99 Primal Round 169.96 170.16 Primal Loin 242.00 229.09 Primal Brisket 157.09 150.73 Primal Short Plate 120.86 120.86 Primal Flank 95.19 91.59 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 10/09 47 25 6 15 94 198.13 188.66 10/06 58 29 14 28 129 197.22 187.23 10/05 65 44 6 22 138 197.25 188.78 10/04 48 23 16 32 118 197.41 189.55 10/03 57 26 12 20 114 197.87 189.02 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 197.58 188.65 -------------------------------------------------------------------------------- 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 25.97 loads 1,038,768 pounds Select Cuts 12.76 loads 510,214 pounds Trimmings 6.88 loads 275,277 pounds Ground Beef 8.26 loads 330,421 pounds -------------------------------------------------------------------------------- Choice 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 6 61,585 673.07 738.62 711.29 112A 3 Rib, ribeye, bnls, light 3 46,459 735.05 737.45 736.68 112A 3 Rib, ribeye, bnls, heavy 4 2,791 766.50 774.60 768.66 113C 1 Chuck, semi-bnls, neck/off 114 1 Chuck, shoulder clod 5 127,749 196.58 210.00 196.75 114A 3 Chuck, shoulder clod, trmd 10 45,611 191.88 223.75 201.49 114D 3 Chuck, clod, top blade 4 1,850 298.62 313.44 305.19 114E 3 Chuck, clod, arm roast 4 6,950 265.00 285.00 266.42 114F 5 Chuck, clod tender (IM) 3 2,328 350.00 376.75 364.83 116A 3 Chuck, roll, lxl, neck/off 8 34,278 319.50 345.23 323.39 116B 1 Chuck, chuck tender (IM) 7 26,911 223.24 246.50 227.41 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 4 4,462 538.46 551.06 544.73 120 1 Brisket, deckle-off, bnls 12 34,790 223.25 257.00 229.83 120A 3 Brisket, point/off, bnls 4 2,861 418.00 428.06 425.42 123A 3 Short Plate, short rib 7 4,087 486.25 510.00 497.33 130 4 Chuck, short rib 10 14,491 322.96 375.00 341.50 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 18 50,397 222.12 256.00 234.28 168 1 Round, top inside round 5 13,739 195.00 220.00 205.39 168 3 Round, top inside round 13 81,535 210.00 240.00 214.27 169 5 Round, top inside, denuded 4 13,865 254.60 281.50 265.55 169A 5 Round, top inside, cap off 0 0 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 171B 3 Round, outside round 7 44,592 200.00 235.00 215.55 171C 3 Round, eye of round (IM) 9 63,496 272.74 285.65 277.58 174 3 Loin, short loin, 0x1 4 11,524 445.18 483.00 448.75 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 180 3 Loin, strip, bnls, 0x1 14 44,118 505.00 540.65 511.20 184 1 Loin, top butt, bnls, heavy 3 2,658 225.00 247.00 233.64 184 3 Loin, top butt, boneless 10 46,305 235.00 263.35 253.31 184B 3 Loin, top butt, CC (IM) 185A 4 Loin, bottom sirloin, flap 6 62,652 393.00 432.26 397.51 185B 1 Loin, ball-tip, bnls, heavy 4 4,269 215.00 220.00 217.37 185C 1 Loin, sirloin, tri-tip (IM) 6 4,027 250.00 272.00 261.08 185D 4 Loin, tri-tip, pld (IM) 5 34,984 346.25 387.00 385.89 189A 4 Loin, tndrloin, trmd, heavy 3 2,902 920.13 965.00 937.15 191A 4 Loin, butt tender, trimmed 0 0 193 4 Flank, flank steak (IM) 6 24,615 429.04 435.00 434.38 -------------------------------------------------------------------------------- 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 4 2,557 566.62 598.46 589.95 112A 3 Rib, ribeye, bnls, light 4 43,306 621.24 712.50 626.51 112A 3 Rib, ribeye, bnls, heavy 5 8,658 660.00 688.25 662.18 113C 1 Chuck, semi-bnls, neck/off 0 0 114 1 Chuck, shoulder clod 114A 3 Chuck, shoulder clod, trmd 7 10,855 205.00 220.00 211.61 114D 3 Chuck, clod, top blade 0 0 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 3 6,726 335.30 340.19 337.61 116A 3 Chuck, roll, lxl, neck/off 9 26,962 308.75 336.62 315.09 116B 1 Chuck, chuck tender (IM) 3 7,662 230.00 236.00 233.98 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 10 9,756 487.66 506.85 490.97 120 1 Brisket, deckle-off, bnls 4 17,682 232.75 245.00 234.43 120A 3 Brisket, point/off, bnls 0 0 123A 3 Short Plate, short rib 130 4 Chuck, short rib 3 5,749 303.00 330.00 312.28 160 1 Round, bone-in 0 0 161 1 Round, boneless 167A 4 Round, knuckle, peeled 6 9,458 222.90 255.00 237.76 168 1 Round, top inside round 168 3 Round, top inside round 10 62,069 208.00 226.62 212.03 169 5 Round, top inside, denuded 0 0 169A 5 Round, top inside, cap off 0 0 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 3 41,522 208.24 220.00 208.35 171B 3 Round, outside round 5 4,456 212.25 232.50 222.13 171C 3 Round, eye of round (IM) 11 31,606 266.28 291.50 278.43 174 3 Loin, short loin, 0x1 5 44,220 418.46 458.97 420.40 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 5 12,959 405.00 445.25 421.08 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 6 5,280 233.00 263.75 240.02 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap 4 3,544 388.78 450.00 442.41 185B 1 Loin, ball-tip, bnls, heavy 6 18,223 208.00 225.19 211.30 185C 1 Loin, sirloin, tri-tip (IM) 0 0 185D 4 Loin, tri-tip, pld (IM) 0 0 189A 4 Loin, tndrloin, trmd, heavy 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) 3 5,054 380.00 380.00 380.00 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 0 0 121D 4 Plate, Inside Skirt (IM) 9 25,350 345.00 355.00 348.80 121C 4 Plate, Outside Skirt (IM) 8 13,287 480.00 547.95 506.97 121E 6 Outside Skirt, pld (IM) Cap, Wedge Meat & (IM) Lean 19 78,889 248.00 277.00 252.57 Pectoral Meat 10 18,093 260.60 282.25 270.26 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 11 140,798 121.99 150.00 127.86 Ground Beef 75% Ground Beef 81% 16 53,413 159.00 177.50 162.76 Ground Beef 85% Ground Beef 90% Ground Beef 93% 5 30,652 286.00 301.69 288.09 Ground Beef Chuck 80% 6 11,828 170.00 186.62 175.27 Ground Beef Round 85% 4 3,546 241.44 258.68 245.84 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% 0 0 Blended Ground Beef 81% Blended Ground Beef 85% 0 0 Blended Ground Beef 90% Blended Ground Beef 93% 0 0 Blended Ground Beef Chuck 80% Blended Ground Beef Round 85% Blended Ground Beef Sirloin 90% 0 0 -------------------------------------------------------------------------------- BEEF TRIMMINGS - STEER/HEIFER SOURCE - Fresh Combos & Frozen Boxed -------------------------------------------------------------------------------- Fresh 50% lean trimmings 10 275,277 42.04 53.75 46.91 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. -------------------------------------------------------------------------------- Source: USDA Market News Service, Des Moines, IA 515-284-4460 email: desm.lpgmn@usda.gov 24 Hour recorded market information 515-284-4830 www.ams.usda.gov/market-news/livestock-poultry-grain 1100C 1100C .