LM_XB403 Des Moines, IA Tue, Oct 03, 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 firm on light to moderate demand and light offerings. Select and Choice chuck, round, and loin cuts steady to firm while rib cuts firm to higher. Beef trimmings higher on moderate to good demand and moderate offerings. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 197.87 189.02 Change from prior day: 0.65 0.74 -------------------------------------------------------------------------------- Choice/Select spread: 8.85 Total Load Count (Cuts, Trimmings, Grinds): 114 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 339.81 300.99 Primal Chuck 170.57 169.23 Primal Round 172.52 172.02 Primal Loin 239.26 221.56 Primal Brisket 154.53 153.33 Primal Short Plate 118.42 118.42 Primal Flank 94.90 92.07 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 10/02 47 27 12 15 100 197.22 188.28 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 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 196.46 189.78 -------------------------------------------------------------------------------- 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 56.56 loads 2,262,238 pounds Select Cuts 25.65 loads 1,025,800 pounds Trimmings 11.90 loads 476,147 pounds Ground Beef 20.25 loads 809,942 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 15 44,286 630.00 724.00 686.44 112A 3 Rib, ribeye, bnls, light 8 18,494 708.00 742.50 731.56 112A 3 Rib, ribeye, bnls, heavy 14 9,884 675.00 759.60 715.84 113C 1 Chuck, semi-bnls, neck/off 114 1 Chuck, shoulder clod 8 185,370 189.92 205.50 195.67 114A 3 Chuck, shoulder clod, trmd 16 254,758 198.65 230.65 204.54 114D 3 Chuck, clod, top blade 4 10,214 296.00 325.45 298.39 114E 3 Chuck, clod, arm roast 6 7,072 275.00 297.00 276.74 114F 5 Chuck, clod tender (IM) 5 6,611 312.70 354.00 319.96 116A 3 Chuck, roll, lxl, neck/off 36 163,871 314.00 348.43 332.44 116B 1 Chuck, chuck tender (IM) 19 37,547 227.00 247.75 237.12 3 Chuck roll, retail ready 3 6,537 358.00 389.02 388.18 116G 4 Chuck, flap (IM) 6 5,877 545.45 557.00 549.48 120 1 Brisket, deckle-off, bnls 33 200,984 225.00 243.00 230.86 120A 3 Brisket, point/off, bnls 7 2,123 417.50 435.00 425.82 123A 3 Short Plate, short rib 9 14,091 475.00 511.00 494.79 130 4 Chuck, short rib 22 41,302 321.50 375.65 355.40 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 37 131,816 225.00 261.00 230.38 168 1 Round, top inside round 9 32,850 199.66 220.00 207.54 168 3 Round, top inside round 25 85,148 209.66 243.65 218.38 169 5 Round, top inside, denuded 4 24,383 243.00 266.00 246.05 169A 5 Round, top inside, cap off 5 11,766 278.74 297.35 289.13 3 Round, top inside, side off 170 1 Round, bottom gooseneck 171B 3 Round, outside round 23 81,745 222.75 250.00 230.90 171C 3 Round, eye of round (IM) 35 109,951 254.60 287.26 275.12 174 3 Loin, short loin, 0x1 12 9,240 424.00 465.37 445.71 175 3 Loin, strip loin, 1x1 4 41,990 422.00 449.00 422.44 1 Loin, strip loin bnls. 1x1 3 11,332 451.30 455.00 451.91 180 3 Loin, strip, bnls, 0x1 39 75,394 491.00 540.00 509.62 184 1 Loin, top butt, bnls, heavy 5 13,882 234.00 240.00 235.21 184 3 Loin, top butt, boneless 24 48,109 230.00 270.76 243.61 184B 3 Loin, top butt, CC (IM) 9 33,662 330.00 387.00 339.07 185A 4 Loin, bottom sirloin, flap 22 214,074 372.97 486.50 382.52 185B 1 Loin, ball-tip, bnls, heavy 19 33,237 210.00 236.38 224.48 185C 1 Loin, sirloin, tri-tip (IM) 5 32,309 241.59 257.00 244.55 185D 4 Loin, tri-tip, pld (IM) 6 3,930 342.00 362.00 345.45 189A 4 Loin, tndrloin, trmd, heavy 15 20,262 900.00 973.00 925.42 191A 4 Loin, butt tender, trimmed 9 8,295 830.00 890.00 850.15 193 4 Flank, flank steak (IM) 19 21,344 383.00 450.00 413.81 -------------------------------------------------------------------------------- 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 5 13,328 561.81 585.00 572.41 112A 3 Rib, ribeye, bnls, light 7 23,599 627.75 682.50 638.66 112A 3 Rib, ribeye, bnls, heavy 6 5,955 628.00 680.00 645.29 113C 1 Chuck, semi-bnls, neck/off 3 14,873 214.75 225.00 215.21 114 1 Chuck, shoulder clod 114A 3 Chuck, shoulder clod, trmd 8 70,433 197.02 223.91 206.44 114D 3 Chuck, clod, top blade 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 5 7,098 328.00 340.15 330.12 116A 3 Chuck, roll, lxl, neck/off 14 48,515 318.00 350.00 325.85 116B 1 Chuck, chuck tender (IM) 4 4,940 230.00 240.00 234.73 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 120 1 Brisket, deckle-off, bnls 5 47,222 217.00 240.44 222.51 120A 3 Brisket, point/off, bnls 0 0 123A 3 Short Plate, short rib 130 4 Chuck, short rib 3 5,483 317.00 325.50 317.83 160 1 Round, bone-in 0 0 161 1 Round, boneless 0 0 167A 4 Round, knuckle, peeled 17 53,145 225.00 262.00 229.54 168 1 Round, top inside round 5 5,811 208.07 233.77 218.43 168 3 Round, top inside round 12 26,831 208.00 221.00 215.86 169 5 Round, top inside, denuded 169A 5 Round, top inside, cap off 5 12,000 269.00 269.00 269.00 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 0 0 171B 3 Round, outside round 10 121,684 214.54 246.47 222.26 171C 3 Round, eye of round (IM) 12 44,609 273.77 285.00 280.42 174 3 Loin, short loin, 0x1 6 4,843 410.00 430.37 420.86 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 180 3 Loin, strip, bnls, 0x1 10 18,412 421.75 463.75 433.35 184 1 Loin, top butt, bnls, heavy 0 0 184 3 Loin, top butt, boneless 9 7,810 241.75 283.25 249.86 184B 3 Loin, top butt, CC (IM) 185A 4 Loin, bottom sirloin, flap 8 86,345 370.00 388.00 372.46 185B 1 Loin, ball-tip, bnls, heavy 6 15,903 195.00 210.47 199.05 185C 1 Loin, sirloin, tri-tip (IM) 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 11 78,510 835.08 911.17 842.11 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) 8 14,016 385.00 409.08 391.68 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 3 29,410 104.00 120.00 111.98 121D 4 Plate, Inside Skirt (IM) 24 79,704 330.06 355.00 342.33 121C 4 Plate, Outside Skirt (IM) 11 31,266 460.00 546.00 473.17 121E 6 Outside Skirt, pld (IM) 13 17,383 677.26 722.19 695.22 Cap, Wedge Meat & (IM) Lean 27 184,322 243.00 275.00 253.85 Pectoral Meat 18 54,270 256.01 278.00 265.93 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 22 240,871 126.00 163.66 132.09 Ground Beef 75% Ground Beef 81% 52 414,490 150.00 182.00 160.49 Ground Beef 85% Ground Beef 90% 0 0 Ground Beef 93% 6 4,367 275.00 301.67 298.29 Ground Beef Chuck 80% 10 50,196 165.00 195.75 172.98 Ground Beef Round 85% 5 3,888 244.17 261.17 250.36 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% 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 22 433,797 43.00 59.00 46.40 Frozen 50% lean trimmings -------------------------------------------------------------------------------- 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 .