LM_XB402 Des Moines, IA Wed, Oct 11, 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: 196.76 189.25 Change from prior day: (0.64) (0.77) -------------------------------------------------------------------------------- Choice/Select spread: 7.51 Total Load Count (Cuts, Trimmings, Grinds): 113 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 343.19 303.65 Primal Chuck 167.69 167.60 Primal Round 169.75 169.40 Primal Loin 238.52 226.22 Primal Brisket 156.40 153.62 Primal Short Plate 119.83 119.83 Primal Flank 93.20 88.86 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 10/10 63 23 12 24 123 197.40 190.02 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 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 197.48 188.85 -------------------------------------------------------------------------------- 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 57.84 loads 2,313,574 pounds Select Cuts 23.26 loads 930,368 pounds Trimmings 8.07 loads 322,700 pounds Ground Beef 24.04 loads 961,755 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 33 22,519 635.00 750.00 683.16 112A 3 Rib, ribeye, bnls, light 9 34,946 777.83 810.00 791.28 112A 3 Rib, ribeye, bnls, heavy 72 28,721 748.25 790.65 763.29 113C 1 Chuck, semi-bnls, neck/off 4 3,113 211.25 215.00 213.25 114 1 Chuck, shoulder clod 3 15,533 188.70 207.82 190.92 114A 3 Chuck, shoulder clod, trmd 38 242,324 190.00 217.00 203.58 114D 3 Chuck, clod, top blade 114E 3 Chuck, clod, arm roast 5 20,352 250.00 260.00 256.83 114F 5 Chuck, clod tender (IM) 8 3,004 325.00 345.00 344.52 116A 3 Chuck, roll, lxl, neck/off 49 84,343 306.75 341.04 318.61 116B 1 Chuck, chuck tender (IM) 38 50,362 219.74 240.00 226.12 3 Chuck roll, retail ready 6 142,265 338.32 341.19 339.91 116G 4 Chuck, flap (IM) 9 10,292 545.00 607.00 566.90 120 1 Brisket, deckle-off, bnls 53 92,085 232.21 245.00 235.01 120A 3 Brisket, point/off, bnls 6 3,733 418.78 425.00 423.85 123A 3 Short Plate, short rib 27 24,676 477.11 509.00 486.75 130 4 Chuck, short rib 35 26,795 311.75 375.00 337.97 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 58 77,854 223.00 255.00 230.48 168 1 Round, top inside round 74 211,265 205.00 222.00 209.34 168 3 Round, top inside round 25 74,170 205.00 228.82 211.93 169 5 Round, top inside, denuded 10 13,397 235.00 265.00 249.06 169A 5 Round, top inside, cap off 4 2,440 290.00 300.00 294.97 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 4 2,248 196.25 208.25 198.67 171B 3 Round, outside round 77 218,185 203.00 240.00 209.45 171C 3 Round, eye of round (IM) 69 78,871 273.73 291.50 279.41 174 3 Loin, short loin, 0x1 18 218,645 428.74 465.65 431.38 175 3 Loin, strip loin, 1x1 7 58,718 392.13 447.00 393.94 1 Loin, strip loin bnls. 1x1 4 1,636 473.00 494.00 481.51 180 3 Loin, strip, bnls, 0x1 67 74,074 494.08 551.00 515.27 184 1 Loin, top butt, bnls, heavy 11 9,369 229.95 255.00 236.36 184 3 Loin, top butt, boneless 36 21,003 237.00 266.00 259.09 184B 3 Loin, top butt, CC (IM) 7 59,084 330.18 381.00 351.87 185A 4 Loin, bottom sirloin, flap 32 135,351 390.10 486.50 403.08 185B 1 Loin, ball-tip, bnls, heavy 25 24,837 215.00 231.82 224.51 185C 1 Loin, sirloin, tri-tip (IM) 9 71,903 253.00 270.00 265.28 185D 4 Loin, tri-tip, pld (IM) 23 12,665 345.00 377.00 360.97 189A 4 Loin, tndrloin, trmd, heavy 46 19,343 930.00 963.00 951.96 191A 4 Loin, butt tender, trimmed 0 0 193 4 Flank, flank steak (IM) 11 31,518 389.00 440.00 413.31 -------------------------------------------------------------------------------- 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 8 17,522 550.00 613.25 596.78 112A 3 Rib, ribeye, bnls, light 13 95,060 639.83 702.28 663.32 112A 3 Rib, ribeye, bnls, heavy 16 58,916 639.69 702.28 654.44 113C 1 Chuck, semi-bnls, neck/off 4 2,401 215.00 215.00 215.00 114 1 Chuck, shoulder clod 5 17,165 189.25 217.00 191.73 114A 3 Chuck, shoulder clod, trmd 6 92,944 189.70 216.04 191.54 114D 3 Chuck, clod, top blade 0 0 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 116A 3 Chuck, roll, lxl, neck/off 6 8,873 305.00 340.00 326.45 116B 1 Chuck, chuck tender (IM) 9 10,697 220.00 238.82 228.30 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 5 3,741 491.54 506.85 500.28 120 1 Brisket, deckle-off, bnls 120A 3 Brisket, point/off, bnls 123A 3 Short Plate, short rib 130 4 Chuck, short rib 3 21,034 312.48 322.01 314.43 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 6 5,821 227.00 232.50 228.16 168 1 Round, top inside round 3 1,475 210.00 210.00 210.00 168 3 Round, top inside round 11 128,587 205.00 228.82 216.17 169 5 Round, top inside, denuded 169A 5 Round, top inside, cap off 4 17,000 290.90 290.90 290.90 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 171B 3 Round, outside round 11 77,773 194.00 212.00 201.71 171C 3 Round, eye of round (IM) 8 20,417 273.00 287.45 286.63 174 3 Loin, short loin, 0x1 16 52,282 405.00 433.25 415.58 175 3 Loin, strip loin, 1x1 0 0 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 14 55,204 403.20 441.83 406.04 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 22 84,333 230.00 250.00 239.37 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap 3 13,463 390.10 426.00 391.88 185B 1 Loin, ball-tip, bnls, heavy 5 22,217 218.70 225.00 219.18 185C 1 Loin, sirloin, tri-tip (IM) 5 3,899 230.00 253.75 244.81 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 7 9,124 880.00 996.50 909.22 191A 4 Loin, butt tender, trimmed 4 6,957 750.00 830.00 759.23 193 4 Flank, flank steak (IM) -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 5 40,750 104.00 142.00 105.91 121D 4 Plate, Inside Skirt (IM) 7 5,449 345.00 352.00 347.58 121C 4 Plate, Outside Skirt (IM) 11 23,366 475.47 541.50 483.73 121E 6 Outside Skirt, pld (IM) 3 1,123 676.02 735.00 707.27 Cap, Wedge Meat & (IM) Lean 12 52,508 255.00 277.79 256.40 Pectoral Meat 32 37,603 265.00 279.60 270.68 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 19 61,435 128.69 151.50 134.76 Ground Beef 75% Ground Beef 81% 50 255,170 157.00 175.75 161.64 Ground Beef 85% Ground Beef 90% 0 0 Ground Beef 93% 7 22,449 296.00 303.50 298.95 Ground Beef Chuck 80% 20 167,983 167.77 197.04 177.01 Ground Beef Round 85% 5 75,535 251.00 256.00 251.30 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% Blended Ground Beef 85% Blended Ground Beef 90% Blended Ground Beef 93% Blended Ground Beef Chuck 80% Blended Ground Beef Round 85% Blended Ground Beef Sirloin 90% -------------------------------------------------------------------------------- BEEF TRIMMINGS - STEER/HEIFER SOURCE - Fresh Combos & Frozen Boxed -------------------------------------------------------------------------------- Fresh 50% lean trimmings 0 0 Frozen 50% lean trimmings -------------------------------------------------------------------------------- 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 .