LM_XB402 Des Moines, IA Mon, Oct 16, 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: 198.73 190.82 Change from prior day: 0.51 0.77 -------------------------------------------------------------------------------- Choice/Select spread: 7.91 Total Load Count (Cuts, Trimmings, Grinds): 55 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 351.74 307.47 Primal Chuck 169.21 169.69 Primal Round 170.15 167.93 Primal Loin 240.21 228.00 Primal Brisket 157.94 160.69 Primal Short Plate 118.99 118.99 Primal Flank 95.41 93.86 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 10/13 65 17 14 33 129 198.22 190.05 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 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 197.50 189.39 -------------------------------------------------------------------------------- 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 21.70 loads 867,978 pounds Select Cuts 11.13 loads 445,242 pounds Trimmings 15.19 loads 607,474 pounds Ground Beef 7.32 loads 292,870 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 7,402 692.67 702.52 698.31 112A 3 Rib, ribeye, bnls, light 112A 3 Rib, ribeye, bnls, heavy 5 40,836 740.25 753.30 741.34 113C 1 Chuck, semi-bnls, neck/off 114 1 Chuck, shoulder clod 4 6,695 200.00 200.00 200.00 114A 3 Chuck, shoulder clod, trmd 9 47,569 194.41 225.00 199.22 114D 3 Chuck, clod, top blade 9 10,812 299.31 307.30 306.15 114E 3 Chuck, clod, arm roast 13 6,539 255.00 297.00 274.48 114F 5 Chuck, clod tender (IM) 9 8,604 345.00 350.00 345.71 116A 3 Chuck, roll, lxl, neck/off 11 29,790 294.94 330.00 311.37 116B 1 Chuck, chuck tender (IM) 8 13,034 220.15 236.88 228.88 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 13 14,497 526.00 561.56 552.13 120 1 Brisket, deckle-off, bnls 9 24,911 233.49 244.00 237.06 120A 3 Brisket, point/off, bnls 4 5,731 411.00 425.00 417.87 123A 3 Short Plate, short rib 18 26,172 484.58 506.00 498.41 130 4 Chuck, short rib 17 26,018 314.60 378.00 343.91 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 18 56,619 225.00 252.70 242.09 168 1 Round, top inside round 11 148,748 200.00 215.00 201.02 168 3 Round, top inside round 17 88,706 203.00 224.60 211.39 169 5 Round, top inside, denuded 4 1,871 256.75 265.00 259.66 169A 5 Round, top inside, cap off 8 62,667 285.00 328.87 314.35 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 171B 3 Round, outside round 12 21,670 207.96 220.75 213.35 171C 3 Round, eye of round (IM) 12 26,999 274.00 292.30 282.59 174 3 Loin, short loin, 0x1 14 19,712 437.30 496.88 465.15 175 3 Loin, strip loin, 1x1 4 4,096 407.30 445.00 417.47 1 Loin, strip loin bnls. 1x1 3 2,725 470.00 470.00 470.00 180 3 Loin, strip, bnls, 0x1 13 21,262 495.00 536.88 515.53 184 1 Loin, top butt, bnls, heavy 6 8,144 225.00 250.00 240.62 184 3 Loin, top butt, boneless 4 6,423 235.00 259.13 240.86 184B 3 Loin, top butt, CC (IM) 4 3,296 342.00 381.00 361.23 185A 4 Loin, bottom sirloin, flap 14 17,076 405.38 447.00 414.28 185B 1 Loin, ball-tip, bnls, heavy 9 32,142 215.00 225.12 218.06 185C 1 Loin, sirloin, tri-tip (IM) 6 6,480 260.00 276.19 263.82 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 8 5,389 913.00 986.00 947.88 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) 6 15,662 409.30 440.00 426.63 -------------------------------------------------------------------------------- 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 6 4,866 566.69 595.50 578.27 112A 3 Rib, ribeye, bnls, light 5 13,626 667.61 693.25 679.11 112A 3 Rib, ribeye, bnls, heavy 7 10,832 650.00 700.50 679.98 113C 1 Chuck, semi-bnls, neck/off 114 1 Chuck, shoulder clod 3 11,819 194.58 211.00 208.51 114A 3 Chuck, shoulder clod, trmd 6 19,579 196.50 214.20 205.76 114D 3 Chuck, clod, top blade 0 0 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 7 9,497 336.83 345.00 341.38 116A 3 Chuck, roll, lxl, neck/off 9 30,350 295.00 335.00 323.61 116B 1 Chuck, chuck tender (IM) 4 5,719 220.00 239.20 225.76 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 18 15,265 496.76 538.04 505.17 120 1 Brisket, deckle-off, bnls 120A 3 Brisket, point/off, bnls 0 0 123A 3 Short Plate, short rib 130 4 Chuck, short rib 6 6,388 315.58 342.00 332.05 160 1 Round, bone-in 0 0 161 1 Round, boneless 0 0 167A 4 Round, knuckle, peeled 9 51,173 222.00 245.00 225.91 168 1 Round, top inside round 3 3,743 206.00 216.58 206.67 168 3 Round, top inside round 10 78,566 203.00 229.20 211.86 169 5 Round, top inside, denuded 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 3 7,813 205.00 220.50 215.18 171C 3 Round, eye of round (IM) 6 7,360 279.58 292.00 283.02 174 3 Loin, short loin, 0x1 5 4,484 420.00 495.20 462.75 175 3 Loin, strip loin, 1x1 0 0 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 5 9,111 415.00 450.50 436.99 184 1 Loin, top butt, bnls, heavy 3 2,611 225.00 251.75 229.85 184 3 Loin, top butt, boneless 4 13,356 225.00 256.50 238.64 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap (IM) 185B 1 Loin, ball-tip, bnls, heavy 185C 1 Loin, sirloin, tri-tip (IM) 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 191A 4 Loin, butt tender, trimmed 0 0 193 4 Flank, flank steak (IM) 4 4,787 395.00 417.00 407.65 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 121D 4 Plate, Inside Skirt (IM) 12 29,172 343.66 374.59 353.97 121C 4 Plate, Outside Skirt (IM) 14 32,920 447.00 536.75 462.79 121E 6 Outside Skirt, pld (IM) 8 5,807 701.08 721.88 712.01 Cap, Wedge Meat & (IM) Lean 10 53,144 257.00 271.00 258.62 Pectoral Meat 7 5,562 265.00 284.50 275.48 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 6 31,594 133.48 143.00 137.20 Ground Beef 75% Ground Beef 81% 11 68,719 157.00 175.75 164.27 Ground Beef 85% Ground Beef 90% Ground Beef 93% Ground Beef Chuck 80% 3 6,418 170.48 175.00 170.98 Ground Beef Round 85% 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% Blended Ground Beef 81% Blended Ground Beef 85% Blended Ground Beef 90% Blended Ground Beef 93% Blended Ground Beef Chuck 80% 0 0 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 17 607,474 48.00 55.25 50.69 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 .