LM_XB402 Des Moines, IA Fri, May 10, 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: 220.94 207.84 Change from prior day: (1.53) 0.76 -------------------------------------------------------------------------------- Choice/Select spread: 13.10 Total Load Count (Cuts, Trimmings, Grinds): 74 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 362.31 337.35 Primal Chuck 170.09 167.45 Primal Round 162.44 162.65 Primal Loin 317.65 275.45 Primal Brisket 196.53 191.90 Primal Short Plate 164.23 164.23 Primal Flank 121.88 112.28 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 05/09 90 27 7 57 181 222.47 207.08 05/08 86 54 23 18 181 223.01 207.49 05/07 95 35 16 23 168 223.87 211.83 05/06 47 23 12 17 99 227.00 213.98 05/03 44 34 9 20 107 227.36 213.29 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 224.74 210.73 -------------------------------------------------------------------------------- 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 31.67 loads 1,266,872 pounds Select Cuts 19.11 loads 764,449 pounds Trimmings 9.00 loads 360,161 pounds Ground Beef 14.21 loads 568,465 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 4 47,602 670.00 743.40 672.36 112A 3 Rib, ribeye, bnls, light 13 55,706 770.00 837.00 781.01 112A 3 Rib, ribeye, bnls, heavy 11 8,022 791.25 836.50 803.20 113C 1 Chuck, semi-bnls, neck/off 0 0 114 1 Chuck, shoulder clod 5 12,786 210.00 235.60 211.89 114A 3 Chuck, shoulder clod, trmd 6 27,542 224.00 252.00 226.29 114D 3 Chuck, clod, top blade 6 65,672 340.00 376.69 344.80 114E 3 Chuck, clod, arm roast 114F 5 Chuck, clod tender (IM) 116A 3 Chuck, roll, lxl, neck/off 16 135,220 239.62 262.25 249.41 116B 1 Chuck, chuck tender (IM) 6 14,145 207.94 215.00 209.81 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 120 1 Brisket, deckle-off, bnls 11 15,789 270.33 292.25 280.61 120A 3 Brisket, point/off, bnls 5 4,848 475.00 500.00 476.64 123A 3 Short Plate, short rib 10 24,899 474.95 586.75 535.63 130 4 Chuck, short rib 7 22,172 320.02 362.89 340.95 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 14 30,949 216.58 232.00 222.30 168 1 Round, top inside round 168 3 Round, top inside round 10 52,458 200.00 224.25 204.12 169 5 Round, top inside, denuded 6 38,560 231.08 236.00 233.87 169A 5 Round, top inside, cap off 5 38,800 265.24 291.29 265.99 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 4 1,709 190.00 210.60 196.63 171B 3 Round, outside round 12 55,034 201.00 216.25 205.03 171C 3 Round, eye of round (IM) 21 180,968 200.33 229.25 207.51 174 3 Loin, short loin, 0x1 16 54,550 565.00 662.25 622.44 175 3 Loin, strip loin, 1x1 6 87,907 555.00 705.40 563.59 1 Loin, strip loin bnls. 1x1 4 8,323 714.00 714.00 714.00 180 3 Loin, strip, bnls, 0x1 11 31,009 777.94 850.60 794.44 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 14 56,499 317.00 368.00 353.69 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap 8 8,020 501.00 570.00 539.26 185B 1 Loin, ball-tip, bnls, heavy 3 4,379 270.00 287.00 276.49 185C 1 Loin, sirloin, tri-tip (IM) 5 1,014 394.00 426.50 406.36 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 15 31,677 966.98 1027.25 982.12 191A 4 Loin, butt tender, trimmed 3 10,310 967.06 978.00 976.04 193 4 Flank, flank steak (IM) 7 8,363 516.00 542.00 527.25 -------------------------------------------------------------------------------- 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 3 53,584 670.00 693.56 671.68 112A 3 Rib, ribeye, bnls, heavy 4 5,662 744.25 795.00 769.64 113C 1 Chuck, semi-bnls, neck/off 0 0 114 1 Chuck, shoulder clod 6 162,713 214.78 220.00 215.91 114A 3 Chuck, shoulder clod, trmd 5 20,613 224.87 235.57 228.15 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 10 172,444 238.09 255.00 246.83 116B 1 Chuck, chuck tender (IM) 4 6,607 200.00 215.00 205.49 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 0 0 120 1 Brisket, deckle-off, bnls 4 38,072 270.00 271.75 270.39 120A 3 Brisket, point/off, bnls 123A 3 Short Plate, short rib 130 4 Chuck, short rib 4 11,786 294.00 336.50 305.02 160 1 Round, bone-in 0 0 161 1 Round, boneless 0 0 167A 4 Round, knuckle, peeled 4 20,953 214.00 222.47 218.49 168 1 Round, top inside round 168 3 Round, top inside round 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 171B 3 Round, outside round 5 18,829 202.79 219.00 211.80 171C 3 Round, eye of round (IM) 6 8,708 205.81 218.37 211.08 174 3 Loin, short loin, 0x1 3 7,903 504.61 521.00 507.59 175 3 Loin, strip loin, 1x1 0 0 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 6 45,676 545.00 575.00 568.25 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 4 23,603 311.74 320.00 315.04 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap 4 22,631 520.00 626.50 532.81 185B 1 Loin, ball-tip, bnls, heavy 185C 1 Loin, sirloin, tri-tip (IM) 185D 4 Loin, tri-tip, pld (IM) 0 0 189A 4 Loin, tndrloin, trmd, heavy 5 22,053 893.06 940.00 898.85 191A 4 Loin, butt tender, trimmed 4 2,328 901.86 934.00 914.70 193 4 Flank, flank steak (IM) -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 4 34,981 130.50 140.00 132.73 121D 4 Plate, Inside Skirt (IM) 12 76,735 445.00 465.00 450.05 121C 4 Plate, Outside Skirt (IM) 10 16,450 685.00 832.25 713.38 121E 6 Outside Skirt, pld (IM) 4 3,486 899.61 908.74 902.85 Cap, Wedge Meat & (IM) Lean 5 11,368 290.00 301.25 290.28 Pectoral Meat 4 11,794 295.00 320.00 316.25 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 7 51,842 160.00 191.25 166.73 Ground Beef 75% 0 0 Ground Beef 81% 21 66,333 180.00 230.00 199.48 Ground Beef 85% Ground Beef 90% 0 0 Ground Beef 93% 4 67,424 307.67 308.78 308.50 Ground Beef Chuck 80% 3 17,308 193.00 195.91 195.01 Ground Beef Round 85% 3 2,756 247.58 255.00 251.16 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% 0 0 Blended Ground Beef 93% Blended Ground Beef Chuck 80% 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 16 360,161 76.52 86.77 81.26 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 .