LM_XB402 Des Moines, IA Thu, Apr 18, 2019 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: 233.21 219.51 Change from prior day: 0.45 (0.65) -------------------------------------------------------------------------------- Choice/Select spread: 13.70 Total Load Count (Cuts, Trimmings, Grinds): 54 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 393.79 362.62 Primal Chuck 179.85 174.09 Primal Round 172.61 173.82 Primal Loin 330.94 291.17 Primal Brisket 194.63 189.99 Primal Short Plate 174.04 174.04 Primal Flank 124.39 123.78 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 04/17 113 27 14 30 184 232.76 220.16 04/16 78 33 22 22 156 232.05 221.15 04/15 45 21 13 14 93 230.98 221.22 04/12 73 17 9 21 120 228.75 221.02 04/11 64 11 0 36 111 228.83 219.95 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 230.67 220.70 -------------------------------------------------------------------------------- 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 27.09 loads 1,083,614 pounds Select Cuts 14.28 loads 571,244 pounds Trimmings 4.38 loads 175,267 pounds Ground Beef 8.39 loads 335,749 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 13 109,787 731.00 805.30 766.01 112A 3 Rib, ribeye, bnls, light 5 4,866 845.00 889.25 868.51 112A 3 Rib, ribeye, bnls, heavy 19 21,341 850.00 874.25 855.90 113C 1 Chuck, semi-bnls, neck/off 5 17,219 230.00 261.25 235.49 114 1 Chuck, shoulder clod 5 20,667 217.00 235.00 224.51 114A 3 Chuck, shoulder clod, trmd 8 34,111 227.00 242.56 234.06 114D 3 Chuck, clod, top blade 114E 3 Chuck, clod, arm roast 114F 5 Chuck, clod tender (IM) 6 4,094 540.00 558.00 541.25 116A 3 Chuck, roll, lxl, neck/off 16 27,165 252.94 270.00 263.56 116B 1 Chuck, chuck tender (IM) 10 15,700 234.00 250.00 238.18 3 Chuck roll, retail ready 4 81,055 276.19 276.95 276.57 116G 4 Chuck, flap (IM) 120 1 Brisket, deckle-off, bnls 17 19,128 270.00 296.00 278.13 120A 3 Brisket, point/off, bnls 7 8,429 460.00 494.70 479.46 123A 3 Short Plate, short rib 5 1,667 568.00 582.00 573.77 130 4 Chuck, short rib 9 16,774 331.50 351.75 341.20 160 1 Round, bone-in 0 0 161 1 Round, boneless 0 0 167A 4 Round, knuckle, peeled 28 96,773 240.00 271.72 245.12 168 1 Round, top inside round 168 3 Round, top inside round 9 11,819 229.00 238.00 231.65 169 5 Round, top inside, denuded 7 60,682 255.00 277.00 258.44 169A 5 Round, top inside, cap off 3 Round, top inside, side off 170 1 Round, bottom gooseneck 171B 3 Round, outside round 11 24,116 203.08 215.00 205.46 171C 3 Round, eye of round (IM) 20 97,040 223.90 258.00 227.25 174 3 Loin, short loin, 0x1 8 8,902 645.00 686.50 659.19 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 3 1,456 710.00 710.00 710.00 180 3 Loin, strip, bnls, 0x1 13 25,613 774.00 805.00 792.95 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 8 10,799 352.94 371.25 367.50 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap 9 21,797 599.70 632.00 602.90 185B 1 Loin, ball-tip, bnls, heavy 11 135,982 250.22 275.75 256.39 185C 1 Loin, sirloin, tri-tip (IM) 8 7,614 390.00 405.00 396.51 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 13 22,077 957.00 1111.00 991.33 191A 4 Loin, butt tender, trimmed 0 0 193 4 Flank, flank steak (IM) 3 1,671 536.75 556.25 545.16 -------------------------------------------------------------------------------- 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 4 39,620 775.00 800.75 775.24 112A 3 Rib, ribeye, bnls, heavy 7 4,879 766.25 798.00 787.16 113C 1 Chuck, semi-bnls, neck/off 0 0 114 1 Chuck, shoulder clod 114A 3 Chuck, shoulder clod, trmd 3 5,404 233.25 237.00 233.69 114D 3 Chuck, clod, top blade 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 0 0 116A 3 Chuck, roll, lxl, neck/off 18 307,882 247.00 270.00 250.05 116B 1 Chuck, chuck tender (IM) 7 44,237 225.00 239.42 225.41 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 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 160 1 Round, bone-in 0 0 161 1 Round, boneless 0 0 167A 4 Round, knuckle, peeled 4 6,712 240.00 245.00 242.75 168 1 Round, top inside round 0 0 168 3 Round, top inside round 7 11,653 223.72 236.75 229.18 169 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 171C 3 Round, eye of round (IM) 174 3 Loin, short loin, 0x1 5 3,282 523.72 550.42 544.34 175 3 Loin, strip loin, 1x1 0 0 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 10 12,835 523.94 565.00 549.74 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 3 5,357 360.00 376.00 364.79 184B 3 Loin, top butt, CC (IM) 3 29,377 455.00 455.00 455.00 185A 4 Loin, bottom sirloin, flap (IM) 185B 1 Loin, ball-tip, bnls, heavy 5 4,074 254.50 278.72 257.28 185C 1 Loin, sirloin, tri-tip (IM) 3 7,047 328.00 363.72 353.52 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 8 4,008 956.02 1076.75 969.26 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 121D 4 Plate, Inside Skirt (IM) 6 36,914 432.00 489.50 445.81 121C 4 Plate, Outside Skirt (IM) 10 6,185 778.00 822.00 797.77 121E 6 Outside Skirt, pld (IM) Cap, Wedge Meat & (IM) Lean 22 111,614 292.00 336.00 306.50 Pectoral Meat 8 16,434 317.00 336.75 326.14 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 9 37,875 177.79 197.75 187.04 Ground Beef 75% Ground Beef 81% 18 106,762 197.00 215.75 203.08 Ground Beef 85% 0 0 Ground Beef 90% 0 0 Ground Beef 93% 5 11,982 275.00 306.00 282.92 Ground Beef Chuck 80% 7 61,570 201.00 214.50 210.98 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% 0 0 Blended Ground Beef 75% 0 0 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 8 175,267 89.12 93.50 91.35 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 .