LM_XB402 Des Moines, IA Tue, Oct 17, 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: 198.51 189.82 Change from prior day: (0.30) (0.75) -------------------------------------------------------------------------------- Choice/Select spread: 8.69 Total Load Count (Cuts, Trimmings, Grinds): 68 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 343.65 310.98 Primal Chuck 170.32 168.28 Primal Round 167.82 169.22 Primal Loin 243.79 222.40 Primal Brisket 158.57 158.85 Primal Short Plate 120.46 120.46 Primal Flank 95.49 91.23 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 10/16 42 20 24 12 97 198.81 190.57 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 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 197.64 189.77 -------------------------------------------------------------------------------- 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 30.03 loads 1,201,134 pounds Select Cuts 12.94 loads 517,631 pounds Trimmings 12.90 loads 515,919 pounds Ground Beef 11.76 loads 470,569 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 11 14,760 690.50 743.85 706.45 112A 3 Rib, ribeye, bnls, light 7 25,549 747.00 802.50 751.46 112A 3 Rib, ribeye, bnls, heavy 8 4,078 752.00 780.25 765.25 113C 1 Chuck, semi-bnls, neck/off 114 1 Chuck, shoulder clod 4 5,429 190.00 200.24 197.25 114A 3 Chuck, shoulder clod, trmd 10 30,252 198.50 220.25 204.62 114D 3 Chuck, clod, top blade 7 41,618 297.73 304.41 300.94 114E 3 Chuck, clod, arm roast 3 20,958 280.00 307.76 281.28 114F 5 Chuck, clod tender (IM) 116A 3 Chuck, roll, lxl, neck/off 14 36,854 301.75 327.67 310.43 116B 1 Chuck, chuck tender (IM) 8 31,592 215.00 236.00 226.15 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 6 24,701 509.00 570.56 524.11 120 1 Brisket, deckle-off, bnls 18 53,111 217.00 245.00 234.09 120A 3 Brisket, point/off, bnls 123A 3 Short Plate, short rib 3 2,256 493.70 500.00 495.54 130 4 Chuck, short rib 10 9,163 320.00 375.00 359.48 160 1 Round, bone-in 161 1 Round, boneless 0 0 167A 4 Round, knuckle, peeled 28 243,540 216.65 256.00 221.25 168 1 Round, top inside round 0 0 168 3 Round, top inside round 10 34,632 212.55 236.00 216.45 169 5 Round, top inside, denuded 3 1,024 260.28 265.00 262.70 169A 5 Round, top inside, cap off 4 51,668 255.00 317.10 276.87 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 171B 3 Round, outside round 16 137,866 198.06 223.00 205.54 171C 3 Round, eye of round (IM) 14 31,242 270.00 292.26 279.98 174 3 Loin, short loin, 0x1 9 55,712 436.00 477.00 460.76 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 180 3 Loin, strip, bnls, 0x1 16 93,357 495.00 536.75 501.68 184 1 Loin, top butt, bnls, heavy 3 1,080 225.00 251.00 238.86 184 3 Loin, top butt, boneless 5 7,886 255.25 260.25 257.82 184B 3 Loin, top butt, CC (IM) 3 39,076 333.00 373.00 348.51 185A 4 Loin, bottom sirloin, flap (IM) 185B 1 Loin, ball-tip, bnls, heavy 9 11,970 208.00 226.00 215.88 185C 1 Loin, sirloin, tri-tip (IM) 3 15,632 268.00 269.15 269.09 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 17 39,112 902.00 1040.25 970.16 191A 4 Loin, butt tender, trimmed 5 2,865 851.00 875.00 867.93 193 4 Flank, flank steak (IM) 6 1,580 388.00 432.50 405.27 -------------------------------------------------------------------------------- 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 112A 3 Rib, ribeye, bnls, light 6 20,165 664.00 713.00 678.23 112A 3 Rib, ribeye, bnls, heavy 113C 1 Chuck, semi-bnls, neck/off 0 0 114 1 Chuck, shoulder clod 0 0 114A 3 Chuck, shoulder clod, trmd 4 2,529 208.85 215.00 210.22 114D 3 Chuck, clod, top blade 0 0 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 4 5,265 341.72 345.00 344.15 116A 3 Chuck, roll, lxl, neck/off 5 13,486 301.00 330.28 315.16 116B 1 Chuck, chuck tender (IM) 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 120 1 Brisket, deckle-off, bnls 3 15,163 217.00 241.00 234.69 120A 3 Brisket, point/off, bnls 0 0 123A 3 Short Plate, short rib 130 4 Chuck, short rib 160 1 Round, bone-in 0 0 161 1 Round, boneless 0 0 167A 4 Round, knuckle, peeled 8 88,901 216.65 233.83 221.90 168 1 Round, top inside round 168 3 Round, top inside round 7 11,003 214.00 220.00 215.07 169 5 Round, top inside, denuded 169A 5 Round, top inside, cap off 0 0 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 0 0 171B 3 Round, outside round 171C 3 Round, eye of round (IM) 3 5,520 278.00 281.83 280.07 174 3 Loin, short loin, 0x1 4 59,858 409.00 425.00 412.78 175 3 Loin, strip loin, 1x1 0 0 1 Loin, strip loin bnls. 1x1 180 3 Loin, strip, bnls, 0x1 3 24,907 403.00 410.00 403.80 184 1 Loin, top butt, bnls, heavy 0 0 184 3 Loin, top butt, boneless 4 28,586 229.27 233.85 230.21 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap 5 7,400 384.32 415.00 394.19 185B 1 Loin, ball-tip, bnls, heavy 185C 1 Loin, sirloin, tri-tip (IM) 0 0 185D 4 Loin, tri-tip, pld (IM) 0 0 189A 4 Loin, tndrloin, trmd, heavy 7 54,394 850.00 960.28 856.40 191A 4 Loin, butt tender, trimmed 4 4,591 790.00 801.83 791.98 193 4 Flank, flank steak (IM) -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 4 22,607 100.00 125.00 119.90 121D 4 Plate, Inside Skirt (IM) 5 22,760 346.00 358.50 349.07 121C 4 Plate, Outside Skirt (IM) 4 4,024 478.33 500.00 484.45 121E 6 Outside Skirt, pld (IM) Cap, Wedge Meat & (IM) Lean 16 84,308 255.00 270.00 263.80 Pectoral Meat 9 14,304 261.60 285.00 274.26 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 6 81,701 130.50 143.25 133.41 Ground Beef 75% Ground Beef 81% 25 143,324 164.00 191.04 169.50 Ground Beef 85% Ground Beef 90% 0 0 Ground Beef 93% Ground Beef Chuck 80% 5 37,263 172.28 179.81 174.16 Ground Beef Round 85% 5 27,588 239.87 260.08 250.22 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% Blended Ground Beef Round 85% Blended Ground Beef Sirloin 90% -------------------------------------------------------------------------------- BEEF TRIMMINGS - STEER/HEIFER SOURCE - Fresh Combos & Frozen Boxed -------------------------------------------------------------------------------- Fresh 50% lean trimmings 16 475,669 50.46 63.00 56.35 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 .