LM_XB402 Des Moines, IA Wed, Oct 18, 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: 197.89 189.37 Change from prior day: 0.23 (0.48) -------------------------------------------------------------------------------- Choice/Select spread: 8.52 Total Load Count (Cuts, Trimmings, Grinds): 91 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 345.85 311.43 Primal Chuck 168.08 166.43 Primal Round 167.27 168.29 Primal Loin 242.49 223.12 Primal Brisket 159.34 159.24 Primal Short Plate 121.94 121.94 Primal Flank 97.06 90.53 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 10/17 62 26 16 16 119 197.66 189.85 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 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 197.69 189.73 -------------------------------------------------------------------------------- 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 51.15 loads 2,046,088 pounds Select Cuts 17.39 loads 695,698 pounds Trimmings 7.20 loads 287,862 pounds Ground Beef 15.57 loads 622,803 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 37 16,619 681.00 721.00 694.34 112A 3 Rib, ribeye, bnls, light 7 11,843 775.00 819.00 781.44 112A 3 Rib, ribeye, bnls, heavy 71 27,777 748.74 800.00 776.45 113C 1 Chuck, semi-bnls, neck/off 3 6,102 209.59 213.00 212.13 114 1 Chuck, shoulder clod 12 196,912 184.00 211.00 191.03 114A 3 Chuck, shoulder clod, trmd 31 113,012 198.25 215.00 201.06 114D 3 Chuck, clod, top blade 6 41,383 297.50 319.00 302.46 114E 3 Chuck, clod, arm roast 6 5,966 255.00 277.00 261.14 114F 5 Chuck, clod tender (IM) 11 3,380 345.00 373.74 358.13 116A 3 Chuck, roll, lxl, neck/off 75 99,778 290.00 340.82 312.67 116B 1 Chuck, chuck tender (IM) 34 33,062 215.00 242.64 222.75 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 3 8,857 550.47 560.00 552.49 120 1 Brisket, deckle-off, bnls 75 110,485 220.00 254.00 238.03 120A 3 Brisket, point/off, bnls 6 5,964 419.80 446.00 435.00 123A 3 Short Plate, short rib 24 14,923 479.00 500.00 491.91 130 4 Chuck, short rib 47 20,657 312.00 375.00 326.59 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 72 160,274 220.00 254.25 227.03 168 1 Round, top inside round 61 51,658 207.89 221.00 213.35 168 3 Round, top inside round 25 86,417 211.00 225.00 213.77 169 5 Round, top inside, denuded 11 19,194 235.00 266.50 249.65 169A 5 Round, top inside, cap off 4 5,222 288.00 302.00 290.36 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 4 5,307 206.75 213.75 211.46 171B 3 Round, outside round 25 256,733 198.65 221.00 201.78 171C 3 Round, eye of round (IM) 60 113,919 267.00 291.00 272.63 174 3 Loin, short loin, 0x1 17 104,197 434.07 496.25 448.63 175 3 Loin, strip loin, 1x1 5 14,066 395.59 447.25 407.84 1 Loin, strip loin bnls. 1x1 4 10,364 451.30 489.00 453.32 180 3 Loin, strip, bnls, 0x1 82 54,246 475.00 557.00 525.43 184 1 Loin, top butt, bnls, heavy 8 5,638 240.00 255.00 243.51 184 3 Loin, top butt, boneless 46 81,877 233.00 272.00 244.25 184B 3 Loin, top butt, CC (IM) 4 2,458 343.00 376.50 362.40 185A 4 Loin, bottom sirloin, flap 30 97,760 395.00 486.50 423.92 185B 1 Loin, ball-tip, bnls, heavy 24 64,916 215.00 232.89 223.33 185C 1 Loin, sirloin, tri-tip (IM) 185D 4 Loin, tri-tip, pld (IM) 21 33,679 370.00 394.51 391.39 189A 4 Loin, tndrloin, trmd, heavy 51 23,911 926.87 1046.25 949.85 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) 15 11,293 380.00 456.75 422.66 -------------------------------------------------------------------------------- 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 7 6,545 640.00 735.00 715.77 112A 3 Rib, ribeye, bnls, heavy 14 27,222 640.00 706.00 681.39 113C 1 Chuck, semi-bnls, neck/off 8 19,958 211.25 218.00 215.02 114 1 Chuck, shoulder clod 5 6,090 190.00 215.00 192.45 114A 3 Chuck, shoulder clod, trmd 8 20,040 198.74 227.00 203.06 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 23 107,053 289.83 336.00 297.55 116B 1 Chuck, chuck tender (IM) 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 0 0 120 1 Brisket, deckle-off, bnls 8 20,528 228.00 255.00 237.79 120A 3 Brisket, point/off, bnls 123A 3 Short Plate, short rib 130 4 Chuck, short rib 6 7,984 313.00 346.00 325.48 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 4 6,495 217.00 260.00 225.38 168 1 Round, top inside round 7 43,925 210.00 220.82 210.20 168 3 Round, top inside round 12 43,513 210.00 228.75 216.78 169 5 Round, top inside, denuded 3 1,753 257.82 265.00 262.30 169A 5 Round, top inside, cap off 0 0 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 3 6,241 197.00 220.16 206.03 171B 3 Round, outside round 11 105,303 198.65 210.00 199.79 171C 3 Round, eye of round (IM) 12 16,415 261.00 281.87 271.79 174 3 Loin, short loin, 0x1 6 11,387 410.00 438.25 425.12 175 3 Loin, strip loin, 1x1 0 0 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 12 39,044 400.00 444.20 411.55 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 12 24,204 228.00 269.00 236.83 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap 5 23,510 385.00 428.59 417.37 185B 1 Loin, ball-tip, bnls, heavy 4 3,734 220.00 235.00 228.05 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 4 5,304 783.00 848.25 796.23 193 4 Flank, flank steak (IM) 5 13,563 375.00 429.00 385.15 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 3 42,778 109.00 120.00 109.43 121D 4 Plate, Inside Skirt (IM) 10 20,270 345.00 390.83 355.96 121C 4 Plate, Outside Skirt (IM) 11 10,995 455.00 531.00 482.41 121E 6 Outside Skirt, pld (IM) 6 18,952 665.39 735.00 672.20 Cap, Wedge Meat & (IM) Lean 25 79,409 255.00 277.33 266.52 Pectoral Meat 35 34,034 266.00 282.16 273.09 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 20 119,021 131.00 158.75 140.78 Ground Beef 75% 0 0 Ground Beef 81% 49 245,679 156.15 183.75 164.20 Ground Beef 85% Ground Beef 90% 0 0 Ground Beef 93% Ground Beef Chuck 80% 7 30,628 150.00 196.82 174.01 Ground Beef Round 85% 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% 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 5 207,362 54.00 55.12 54.52 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" ----------------------------------------------------------------------