LM_XB402 Des Moines, IA Fri, Oct 13, 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: 198.85 190.85 Change from prior day: 1.41 1.40 -------------------------------------------------------------------------------- Choice/Select spread: 8.00 Total Load Count (Cuts, Trimmings, Grinds): 95 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 353.78 308.34 Primal Chuck 169.07 169.61 Primal Round 169.63 170.11 Primal Loin 240.26 225.71 Primal Brisket 158.34 158.85 Primal Short Plate 119.42 119.42 Primal Flank 94.93 94.50 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 10/12 65 29 10 17 121 197.44 189.45 10/11 90 43 19 32 185 196.32 188.76 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 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 197.30 188.82 -------------------------------------------------------------------------------- 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 52.11 loads 2,084,444 pounds Select Cuts 8.31 loads 332,464 pounds Trimmings 6.68 loads 267,322 pounds Ground Beef 28.09 loads 1,123,594 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 35 415,349 696.25 705.01 701.98 112A 3 Rib, ribeye, bnls, light 112A 3 Rib, ribeye, bnls, heavy 7 10,695 749.32 771.25 759.97 113C 1 Chuck, semi-bnls, neck/off 114 1 Chuck, shoulder clod 3 2,359 186.75 201.25 193.84 114A 3 Chuck, shoulder clod, trmd 4 72,417 200.00 210.00 201.48 114D 3 Chuck, clod, top blade 4 11,303 299.77 317.00 309.02 114E 3 Chuck, clod, arm roast 6 20,825 250.00 279.65 255.73 114F 5 Chuck, clod tender (IM) 5 6,182 345.00 354.60 346.85 116A 3 Chuck, roll, lxl, neck/off 19 85,329 289.60 330.00 309.20 116B 1 Chuck, chuck tender (IM) 10 90,552 220.00 240.00 221.81 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 4 12,766 530.47 552.12 533.40 120 1 Brisket, deckle-off, bnls 9 24,951 224.25 245.75 233.47 120A 3 Brisket, point/off, bnls 4 6,975 411.00 425.00 420.84 123A 3 Short Plate, short rib 3 1,639 471.00 490.00 483.32 130 4 Chuck, short rib 7 31,049 325.00 375.00 353.49 160 1 Round, bone-in 161 1 Round, boneless 0 0 167A 4 Round, knuckle, peeled 30 112,638 226.54 250.25 231.31 168 1 Round, top inside round 7 64,000 206.00 209.22 208.51 168 3 Round, top inside round 9 53,666 214.32 223.97 217.61 169 5 Round, top inside, denuded 18 82,195 246.54 267.25 249.57 169A 5 Round, top inside, cap off 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 0 0 171B 3 Round, outside round 25 168,548 200.25 246.60 211.27 171C 3 Round, eye of round (IM) 31 64,625 260.40 290.75 279.03 174 3 Loin, short loin, 0x1 19 64,516 430.54 507.25 439.05 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 6 4,469 462.00 470.00 468.35 180 3 Loin, strip, bnls, 0x1 28 161,223 477.00 531.50 494.42 184 1 Loin, top butt, bnls, heavy 4 7,677 225.00 237.84 234.47 184 3 Loin, top butt, boneless 28 107,317 238.00 261.50 257.72 184B 3 Loin, top butt, CC (IM) 185A 4 Loin, bottom sirloin, flap 8 11,478 403.84 430.00 417.30 185B 1 Loin, ball-tip, bnls, heavy 6 24,972 213.00 220.00 216.17 185C 1 Loin, sirloin, tri-tip (IM) 4 10,753 250.00 273.34 263.01 185D 4 Loin, tri-tip, pld (IM) 3 5,327 330.50 369.25 348.62 189A 4 Loin, tndrloin, trmd, heavy 34 137,356 900.00 969.52 909.14 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) 11 20,926 397.16 450.75 412.15 -------------------------------------------------------------------------------- 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 0 0 112A 3 Rib, ribeye, bnls, light 112A 3 Rib, ribeye, bnls, heavy 3 2,012 655.00 686.50 670.19 113C 1 Chuck, semi-bnls, neck/off 0 0 114 1 Chuck, shoulder clod 4 10,417 186.75 213.00 204.67 114A 3 Chuck, shoulder clod, trmd 114D 3 Chuck, clod, top blade 0 0 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 0 0 116A 3 Chuck, roll, lxl, neck/off 9 20,810 315.00 334.24 321.46 116B 1 Chuck, chuck tender (IM) 6 10,768 215.00 220.15 219.84 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 4 2,738 477.00 539.90 503.48 120 1 Brisket, deckle-off, bnls 120A 3 Brisket, point/off, bnls 0 0 123A 3 Short Plate, short rib 130 4 Chuck, short rib 4 4,725 321.50 334.84 330.82 160 1 Round, bone-in 0 0 161 1 Round, boneless 0 0 167A 4 Round, knuckle, peeled 168 1 Round, top inside round 0 0 168 3 Round, top inside round 5 9,419 207.00 221.84 215.64 169 5 Round, top inside, denuded 3 1,714 257.84 265.95 263.13 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 171C 3 Round, eye of round (IM) 4 4,179 274.90 280.00 279.50 174 3 Loin, short loin, 0x1 4 10,635 404.00 509.50 459.48 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 4 24,799 233.83 250.00 238.32 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap (IM) 185B 1 Loin, ball-tip, bnls, heavy 4 39,129 208.00 215.00 208.02 185C 1 Loin, sirloin, tri-tip (IM) 185D 4 Loin, tri-tip, pld (IM) 0 0 189A 4 Loin, tndrloin, trmd, heavy 4 40,391 876.00 936.24 894.19 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 121D 4 Plate, Inside Skirt (IM) 10 24,971 335.00 364.16 350.21 121C 4 Plate, Outside Skirt (IM) 12 28,375 427.00 500.00 447.90 121E 6 Outside Skirt, pld (IM) Cap, Wedge Meat & (IM) Lean 9 150,180 248.50 270.05 256.49 Pectoral Meat 12 45,806 269.61 281.50 277.61 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 9 213,972 130.00 145.66 139.92 Ground Beef 75% Ground Beef 81% 28 258,225 150.99 190.00 167.93 Ground Beef 85% Ground Beef 90% 0 0 Ground Beef 93% 6 68,854 295.46 305.19 297.91 Ground Beef Chuck 80% 16 295,552 162.40 181.26 171.91 Ground Beef Round 85% 5 23,261 247.25 260.13 252.99 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% 0 0 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 10 184,522 49.00 61.58 53.18 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 .