LM_XB402 Des Moines, IA Thu, Oct 19, 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: 197.76 190.43 Change from prior day: 0.50 1.34 -------------------------------------------------------------------------------- Choice/Select spread: 7.33 Total Load Count (Cuts, Trimmings, Grinds): 75 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 345.58 315.43 Primal Chuck 167.05 165.31 Primal Round 168.22 168.19 Primal Loin 242.51 226.91 Primal Brisket 160.44 160.73 Primal Short Plate 122.60 122.60 Primal Flank 93.64 91.48 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 10/18 73 27 16 23 138 197.26 189.09 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 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 197.88 189.80 -------------------------------------------------------------------------------- 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 39.39 loads 1,575,611 pounds Select Cuts 18.50 loads 739,897 pounds Trimmings 3.76 loads 150,528 pounds Ground Beef 13.21 loads 528,570 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 14 33,607 693.00 745.76 702.36 112A 3 Rib, ribeye, bnls, light 6 16,848 747.00 790.00 767.66 112A 3 Rib, ribeye, bnls, heavy 13 17,928 750.75 790.00 773.20 113C 1 Chuck, semi-bnls, neck/off 6 34,952 213.00 218.91 213.78 114 1 Chuck, shoulder clod 4 12,548 190.00 198.00 194.61 114A 3 Chuck, shoulder clod, trmd 7 23,283 190.75 215.00 200.94 114D 3 Chuck, clod, top blade 114E 3 Chuck, clod, arm roast 3 3,119 250.75 280.75 255.07 114F 5 Chuck, clod tender (IM) 3 3,300 360.00 371.50 360.51 116A 3 Chuck, roll, lxl, neck/off 32 259,452 285.50 330.00 299.72 116B 1 Chuck, chuck tender (IM) 9 30,348 220.00 232.19 228.98 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 120 1 Brisket, deckle-off, bnls 23 214,474 233.53 247.00 239.14 120A 3 Brisket, point/off, bnls 123A 3 Short Plate, short rib 4 3,432 492.00 503.75 499.09 130 4 Chuck, short rib 18 55,226 301.00 375.00 337.10 160 1 Round, bone-in 0 0 161 1 Round, boneless 167A 4 Round, knuckle, peeled 28 113,107 218.00 248.25 224.67 168 1 Round, top inside round 8 24,069 206.00 220.00 212.50 168 3 Round, top inside round 14 37,005 210.00 227.25 216.70 169 5 Round, top inside, denuded 7 10,972 250.00 265.00 254.70 169A 5 Round, top inside, cap off 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 4 3,878 201.25 211.50 203.82 171B 3 Round, outside round 26 107,404 200.00 227.25 206.67 171C 3 Round, eye of round (IM) 24 103,356 265.00 290.00 270.61 174 3 Loin, short loin, 0x1 15 134,707 437.00 497.63 445.65 175 3 Loin, strip loin, 1x1 3 15,569 410.64 451.00 430.33 1 Loin, strip loin bnls. 1x1 180 3 Loin, strip, bnls, 0x1 18 20,667 490.75 540.00 514.00 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 15 32,412 240.00 268.64 254.02 184B 3 Loin, top butt, CC (IM) 3 23,207 350.00 375.25 350.93 185A 4 Loin, bottom sirloin, flap 10 14,916 412.00 440.00 419.74 185B 1 Loin, ball-tip, bnls, heavy 7 7,737 211.50 230.00 218.85 185C 1 Loin, sirloin, tri-tip (IM) 8 13,798 269.00 285.00 278.57 185D 4 Loin, tri-tip, pld (IM) 5 10,573 330.00 388.00 351.13 189A 4 Loin, tndrloin, trmd, heavy 9 13,934 920.00 957.54 927.88 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) 9 53,019 380.00 445.00 395.22 -------------------------------------------------------------------------------- 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 5 7,537 659.60 712.00 687.32 112A 3 Rib, ribeye, bnls, heavy 9 8,706 680.00 716.50 693.09 113C 1 Chuck, semi-bnls, neck/off 6 64,302 211.75 218.00 212.35 114 1 Chuck, shoulder clod 4 12,788 187.25 206.00 196.46 114A 3 Chuck, shoulder clod, trmd 3 6,627 200.00 205.00 202.09 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 14 100,814 290.00 335.00 295.03 116B 1 Chuck, chuck tender (IM) 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 3 2,721 500.00 540.00 521.18 120 1 Brisket, deckle-off, bnls 3 7,845 231.00 245.60 243.17 120A 3 Brisket, point/off, bnls 0 0 123A 3 Short Plate, short rib 130 4 Chuck, short rib 3 31,995 301.00 316.87 314.12 160 1 Round, bone-in 0 0 161 1 Round, boneless 0 0 167A 4 Round, knuckle, peeled 7 15,032 229.00 242.00 230.08 168 1 Round, top inside round 6 68,818 206.30 210.00 209.97 168 3 Round, top inside round 11 16,803 212.00 222.00 216.77 169 5 Round, top inside, denuded 169A 5 Round, top inside, cap off 3 6,003 285.00 297.00 286.56 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 171B 3 Round, outside round 12 30,950 200.00 211.00 207.23 171C 3 Round, eye of round (IM) 7 8,118 273.04 290.30 277.80 174 3 Loin, short loin, 0x1 4 17,672 409.00 420.25 410.76 175 3 Loin, strip loin, 1x1 0 0 1 Loin, strip loin bnls. 1x1 180 3 Loin, strip, bnls, 0x1 11 18,351 404.40 425.00 417.84 184 1 Loin, top butt, bnls, heavy 11 14,172 228.00 240.00 228.85 184 3 Loin, top butt, boneless 7 11,824 231.90 262.25 240.64 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap 6 44,260 384.59 421.48 417.75 185B 1 Loin, ball-tip, bnls, heavy 3 10,148 218.90 230.00 229.67 185C 1 Loin, sirloin, tri-tip (IM) 11 119,001 240.00 280.00 265.27 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 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 3 7,494 108.13 120.00 111.95 121D 4 Plate, Inside Skirt (IM) 10 56,876 346.78 365.00 350.84 121C 4 Plate, Outside Skirt (IM) 14 20,932 450.00 541.00 487.61 121E 6 Outside Skirt, pld (IM) 3 12,325 646.63 735.00 669.12 Cap, Wedge Meat & (IM) Lean 13 18,090 251.30 281.00 269.59 Pectoral Meat 20 56,537 265.00 285.00 269.51 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 15 134,566 135.25 150.62 139.33 Ground Beef 75% Ground Beef 81% 23 155,108 163.50 177.25 170.37 Ground Beef 85% Ground Beef 90% 0 0 Ground Beef 93% 9 8,063 285.00 306.54 292.82 Ground Beef Chuck 80% 14 154,447 166.00 189.62 176.03 Ground Beef Round 85% 3 3,597 248.00 251.00 249.16 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% 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 4 150,528 57.75 59.00 58.26 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 .