LM_XB402 Des Moines, IA Wed, Nov 15, 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: 210.08 191.35 Change from prior day: (0.59) (2.14) -------------------------------------------------------------------------------- Choice/Select spread: 18.73 Total Load Count (Cuts, Trimmings, Grinds): 83 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 377.72 306.16 Primal Chuck 170.18 164.51 Primal Round 172.25 170.88 Primal Loin 271.64 233.54 Primal Brisket 154.18 151.05 Primal Short Plate 130.69 130.69 Primal Flank 104.50 94.76 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 11/14 52 47 0 25 124 210.67 193.49 11/13 42 30 15 15 103 212.81 193.83 11/10 48 23 3 16 91 213.85 194.51 11/09 49 23 19 20 112 212.74 198.30 11/08 64 41 17 17 139 213.13 198.89 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 212.64 195.80 -------------------------------------------------------------------------------- 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 47.50 loads 1,900,029 pounds Select Cuts 30.60 loads 1,224,190 pounds Trimmings 0.00 loads 0 pounds Ground Beef 4.74 loads 189,778 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 9 66,519 750.00 794.30 763.63 112A 3 Rib, ribeye, bnls, light 4 3,673 900.00 925.00 911.95 112A 3 Rib, ribeye, bnls, heavy 17 18,044 822.00 895.40 846.16 113C 1 Chuck, semi-bnls, neck/off 4 46,465 207.00 215.00 207.76 114 1 Chuck, shoulder clod 3 30,046 190.00 195.00 194.11 114A 3 Chuck, shoulder clod, trmd 15 36,230 193.06 220.00 202.77 114D 3 Chuck, clod, top blade 3 1,560 319.65 350.00 327.80 114E 3 Chuck, clod, arm roast 5 51,107 260.00 275.00 263.02 114F 5 Chuck, clod tender (IM) 4 7,492 385.00 390.75 385.83 116A 3 Chuck, roll, lxl, neck/off 24 83,018 283.00 318.00 294.86 116B 1 Chuck, chuck tender (IM) 15 15,253 214.00 234.00 218.24 3 Chuck roll, retail ready 4 53,066 307.91 339.00 314.60 116G 4 Chuck, flap (IM) 120 1 Brisket, deckle-off, bnls 25 168,629 221.20 243.15 224.78 120A 3 Brisket, point/off, bnls 7 6,581 372.00 426.35 393.41 123A 3 Short Plate, short rib 8 4,374 489.01 511.25 508.59 130 4 Chuck, short rib 19 14,082 351.35 380.00 365.93 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 51 593,205 220.00 265.75 221.46 168 1 Round, top inside round 18 131,146 193.00 239.17 195.51 168 3 Round, top inside round 27 206,346 220.70 250.00 237.47 169 5 Round, top inside, denuded 169A 5 Round, top inside, cap off 4 34,682 325.50 330.00 325.55 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 171B 3 Round, outside round 16 16,625 207.15 231.25 228.45 171C 3 Round, eye of round (IM) 20 39,792 247.00 268.70 262.06 174 3 Loin, short loin, 0x1 5 4,766 478.39 530.00 489.96 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 180 3 Loin, strip, bnls, 0x1 20 8,878 525.00 585.09 540.48 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 6 10,845 290.00 326.25 296.74 184B 3 Loin, top butt, CC (IM) 185A 4 Loin, bottom sirloin, flap 3 9,021 494.39 510.00 496.14 185B 1 Loin, ball-tip, bnls, heavy 13 32,728 225.00 242.00 234.92 185C 1 Loin, sirloin, tri-tip (IM) 4 6,253 303.00 345.00 310.83 185D 4 Loin, tri-tip, pld (IM) 3 1,417 417.37 449.82 428.67 189A 4 Loin, tndrloin, trmd, heavy 18 25,360 1104.46 1288.50 1154.25 191A 4 Loin, butt tender, trimmed 0 0 193 4 Flank, flank steak (IM) 5 3,869 453.75 459.25 455.60 -------------------------------------------------------------------------------- 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 7 53,607 528.34 659.00 536.40 112A 3 Rib, ribeye, bnls, light 7 54,256 605.34 727.50 612.61 112A 3 Rib, ribeye, bnls, heavy 4 4,604 685.09 724.15 699.63 113C 1 Chuck, semi-bnls, neck/off 3 12,702 206.98 215.00 207.84 114 1 Chuck, shoulder clod 114A 3 Chuck, shoulder clod, trmd 9 98,193 196.48 220.00 202.21 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 8 40,818 258.11 290.00 264.07 116B 1 Chuck, chuck tender (IM) 3 30,497 214.00 220.00 214.30 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 3 1,943 565.00 579.41 570.06 120 1 Brisket, deckle-off, bnls 11 230,484 219.44 235.00 220.48 120A 3 Brisket, point/off, bnls 123A 3 Short Plate, short rib 0 0 130 4 Chuck, short rib 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 6 15,059 220.70 235.00 223.89 168 1 Round, top inside round 5 4,889 214.48 235.82 224.39 168 3 Round, top inside round 4 21,154 220.70 235.00 225.15 169 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 171B 3 Round, outside round 12 40,542 214.50 235.00 217.57 171C 3 Round, eye of round (IM) 6 6,662 231.48 256.25 242.47 174 3 Loin, short loin, 0x1 6 6,664 392.00 449.15 412.35 175 3 Loin, strip loin, 1x1 0 0 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 16 171,697 365.00 424.00 368.17 184 1 Loin, top butt, bnls, heavy 10 11,630 220.00 230.00 225.26 184 3 Loin, top butt, boneless 15 131,774 230.00 260.00 232.35 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap (IM) 185B 1 Loin, ball-tip, bnls, heavy 5 4,885 215.00 245.75 238.39 185C 1 Loin, sirloin, tri-tip (IM) 4 12,250 244.85 276.39 247.80 185D 4 Loin, tri-tip, pld (IM) 0 0 189A 4 Loin, tndrloin, trmd, heavy 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) 4 29,191 375.00 455.09 380.47 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 121D 4 Plate, Inside Skirt (IM) 21 240,387 347.00 361.42 349.05 121C 4 Plate, Outside Skirt (IM) 6 7,030 509.29 525.00 521.92 121E 6 Outside Skirt, pld (IM) Cap, Wedge Meat & (IM) Lean 34 115,675 273.00 305.00 278.31 Pectoral Meat 7 11,906 262.59 311.00 269.41 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 11 52,538 139.60 171.62 146.85 Ground Beef 75% 0 0 Ground Beef 81% 18 54,956 165.00 195.00 174.68 Ground Beef 85% Ground Beef 90% 0 0 Ground Beef 93% 8 13,239 298.50 309.00 298.74 Ground Beef Chuck 80% 7 23,120 187.00 205.75 195.33 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% 0 0 Blended Ground Beef 81% Blended Ground Beef 85% Blended Ground Beef 90% Blended Ground Beef 93% 0 0 Blended Ground Beef Chuck 80% 0 0 Blended Ground Beef Round 85% 0 0 Blended Ground Beef Sirloin 90% 0 0 -------------------------------------------------------------------------------- BEEF TRIMMINGS - STEER/HEIFER SOURCE - Fresh Combos & Frozen Boxed -------------------------------------------------------------------------------- Fresh 50% lean trimmings 0 0 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 .