LM_XB403 Des Moines, IA Mon, Oct 02, 2017 USDA Market News NATIONAL DAILY BOXED BEEF CUTOUT AND BOXED BEEF CUTS - Negotiated Sales - Afternoon USDA ESTIMATED BOXED BEEF CUT-OUT VALUES - as of 1:30pm 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. Boxed beef cutout values steady to firm on light to moderate demand and moderate offerings. Select and Choice chuck and round cuts steady to weak while loin cuts steady to firm. Select and Choice rib cuts firm to higher. Beef trimmings sharply higher on moderate to good demand and moderate offerings. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 197.22 188.28 Change from prior day: 0.60 (0.22) -------------------------------------------------------------------------------- Choice/Select spread: 8.94 Total Load Count (Cuts, Trimmings, Grinds): 100 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 329.42 296.46 Primal Chuck 171.47 167.70 Primal Round 173.17 172.90 Primal Loin 239.66 221.64 Primal Brisket 154.26 153.69 Primal Short Plate 118.88 118.88 Primal Flank 95.36 90.96 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 09/29 59 28 8 25 120 196.62 188.50 09/28 49 32 17 30 128 196.41 189.11 09/27 67 44 14 26 150 195.30 189.91 09/26 47 17 24 17 105 196.78 193.11 09/25 45 14 20 7 86 193.96 190.89 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 195.81 190.31 -------------------------------------------------------------------------------- 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 46.54 loads 1,861,538 pounds Select Cuts 26.67 loads 1,066,940 pounds Trimmings 11.93 loads 477,044 pounds Ground Beef 14.77 loads 590,986 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 37,357 643.41 724.00 682.51 112A 3 Rib, ribeye, bnls, light 9 39,762 686.00 792.24 766.21 112A 3 Rib, ribeye, bnls, heavy 20 20,973 668.19 768.00 722.05 113C 1 Chuck, semi-bnls, neck/off 5 4,599 201.25 241.75 209.79 114 1 Chuck, shoulder clod 4 22,562 207.00 215.50 209.60 114A 3 Chuck, shoulder clod, trmd 10 83,737 199.30 225.12 209.87 114D 3 Chuck, clod, top blade 6 4,973 304.15 323.00 306.37 114E 3 Chuck, clod, arm roast 8 4,206 270.00 285.50 276.69 114F 5 Chuck, clod tender (IM) 17 20,591 335.00 353.00 335.94 116A 3 Chuck, roll, lxl, neck/off 13 25,743 311.30 341.75 320.72 116B 1 Chuck, chuck tender (IM) 21 150,828 219.41 249.17 226.03 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 12 17,107 537.36 566.25 546.35 120 1 Brisket, deckle-off, bnls 32 233,147 209.50 243.00 230.47 120A 3 Brisket, point/off, bnls 6 7,469 360.00 385.00 382.73 123A 3 Short Plate, short rib 14 28,990 450.00 521.00 498.62 130 4 Chuck, short rib 25 52,364 312.10 375.00 350.12 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 23 128,704 224.77 255.00 228.02 168 1 Round, top inside round 9 22,664 203.00 222.44 215.60 168 3 Round, top inside round 15 61,766 198.00 231.75 212.52 169 5 Round, top inside, denuded 6 18,475 250.00 270.38 265.74 169A 5 Round, top inside, cap off 12 30,051 274.50 300.00 292.19 3 Round, top inside, side off 170 1 Round, bottom gooseneck 4 2,186 212.28 226.75 223.90 171B 3 Round, outside round 19 50,686 210.80 247.25 235.01 171C 3 Round, eye of round (IM) 16 148,876 250.00 287.09 265.97 174 3 Loin, short loin, 0x1 19 48,305 425.00 496.78 441.89 175 3 Loin, strip loin, 1x1 4 37,728 394.33 421.75 409.21 1 Loin, strip loin bnls. 1x1 7 11,396 455.00 490.50 471.21 180 3 Loin, strip, bnls, 0x1 17 39,392 495.00 516.78 505.89 184 1 Loin, top butt, bnls, heavy 5 8,898 240.00 240.50 240.20 184 3 Loin, top butt, boneless 21 85,644 248.00 276.00 258.41 184B 3 Loin, top butt, CC (IM) 3 2,196 377.00 390.82 384.58 185A 4 Loin, bottom sirloin, flap 18 68,521 395.00 425.00 405.77 185B 1 Loin, ball-tip, bnls, heavy 19 184,748 210.00 230.78 218.90 185C 1 Loin, sirloin, tri-tip (IM) 7 8,753 235.00 265.88 250.49 185D 4 Loin, tri-tip, pld (IM) 8 4,054 320.00 368.00 346.73 189A 4 Loin, tndrloin, trmd, heavy 11 35,351 920.00 1015.25 949.34 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) 13 20,546 405.00 443.00 421.85 -------------------------------------------------------------------------------- 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 6 4,002 541.31 621.75 562.76 112A 3 Rib, ribeye, bnls, light 11 19,934 623.00 681.75 654.85 112A 3 Rib, ribeye, bnls, heavy 16 28,114 625.79 683.00 648.59 113C 1 Chuck, semi-bnls, neck/off 3 32,142 201.25 227.06 214.38 114 1 Chuck, shoulder clod 6 82,775 203.90 210.94 206.94 114A 3 Chuck, shoulder clod, trmd 114D 3 Chuck, clod, top blade 0 0 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 6 6,523 325.00 335.01 328.63 116A 3 Chuck, roll, lxl, neck/off 11 41,693 315.00 340.19 337.22 116B 1 Chuck, chuck tender (IM) 8 53,410 226.00 239.50 226.24 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 26 36,354 475.00 493.48 484.34 120 1 Brisket, deckle-off, bnls 17 262,239 211.22 239.69 229.80 120A 3 Brisket, point/off, bnls 0 0 123A 3 Short Plate, short rib 130 4 Chuck, short rib 3 2,238 311.50 321.00 314.22 160 1 Round, bone-in 161 1 Round, boneless 0 0 167A 4 Round, knuckle, peeled 7 12,367 224.16 253.00 228.49 168 1 Round, top inside round 168 3 Round, top inside round 4 12,628 203.00 235.67 213.50 169 5 Round, top inside, denuded 3 6,024 263.00 277.41 266.21 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 171C 3 Round, eye of round (IM) 13 16,391 255.00 295.00 279.56 174 3 Loin, short loin, 0x1 10 24,096 393.00 512.57 427.03 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 24 47,670 416.08 458.01 429.14 184 1 Loin, top butt, bnls, heavy 4 44,325 218.23 241.22 227.81 184 3 Loin, top butt, boneless 5 9,565 230.00 268.00 249.04 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap 3 3,762 388.00 428.00 407.70 185B 1 Loin, ball-tip, bnls, heavy 6 22,761 195.00 227.15 209.69 185C 1 Loin, sirloin, tri-tip (IM) 6 54,073 201.81 215.00 214.69 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 7 31,513 825.00 901.68 836.97 191A 4 Loin, butt tender, trimmed 4 5,340 778.00 801.88 786.85 193 4 Flank, flank steak (IM) 6 9,982 401.00 425.00 410.42 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 3 6,268 124.69 140.00 129.22 121D 4 Plate, Inside Skirt (IM) 18 43,576 300.00 381.88 344.90 121C 4 Plate, Outside Skirt (IM) 20 17,325 465.00 551.00 484.37 121E 6 Outside Skirt, pld (IM) 5 14,089 686.83 721.78 693.67 Cap, Wedge Meat & (IM) Lean 31 39,481 249.25 275.00 260.55 Pectoral Meat 16 39,753 266.34 280.00 269.22 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 9 82,201 125.00 160.00 130.34 Ground Beef 75% Ground Beef 81% 20 206,234 155.00 185.77 165.27 Ground Beef 85% Ground Beef 90% 0 0 Ground Beef 93% 3 12,879 277.46 301.00 288.63 Ground Beef Chuck 80% 5 13,840 183.00 191.00 183.75 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% 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% 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 20 477,044 43.00 46.75 45.50 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 1500C .