LM_XB403 Des Moines, IA Thu, Oct 05, 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 on Choice and lower on Select on light to moderate demand and moderate offerings. Select and Choice rib, round, and loin cuts steady to weak while chuck cuts steady to firm. Beef trimmings unevenly steady on light demand and offerings. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 197.25 188.78 Change from prior day: (0.16) (0.77) -------------------------------------------------------------------------------- Choice/Select spread: 8.47 Total Load Count (Cuts, Trimmings, Grinds): 138 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 334.81 298.19 Primal Chuck 170.89 169.84 Primal Round 173.44 171.63 Primal Loin 237.94 222.06 Primal Brisket 155.83 153.42 Primal Short Plate 118.22 118.22 Primal Flank 91.22 88.75 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 10/04 48 23 16 32 118 197.41 189.55 10/03 57 26 12 20 114 197.87 189.02 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 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 197.10 188.89 -------------------------------------------------------------------------------- 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 65.11 loads 2,604,241 pounds Select Cuts 44.16 loads 1,766,553 pounds Trimmings 6.05 loads 241,886 pounds Ground Beef 22.47 loads 898,916 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 23 84,017 635.00 684.05 677.83 112A 3 Rib, ribeye, bnls, light 8 20,055 757.00 794.25 786.56 112A 3 Rib, ribeye, bnls, heavy 31 69,069 653.00 776.25 721.79 113C 1 Chuck, semi-bnls, neck/off 4 18,000 217.00 225.00 220.15 114 1 Chuck, shoulder clod 15 79,304 190.00 216.00 196.40 114A 3 Chuck, shoulder clod, trmd 16 47,304 199.00 245.00 213.59 114D 3 Chuck, clod, top blade 7 34,266 297.77 345.00 308.45 114E 3 Chuck, clod, arm roast 5 3,548 267.00 296.42 282.15 114F 5 Chuck, clod tender (IM) 11 5,779 345.00 374.25 351.94 116A 3 Chuck, roll, lxl, neck/off 35 110,625 279.60 355.00 304.61 116B 1 Chuck, chuck tender (IM) 13 17,921 228.42 256.50 236.54 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 5 6,863 562.00 596.00 570.54 120 1 Brisket, deckle-off, bnls 29 129,926 219.00 244.25 233.68 120A 3 Brisket, point/off, bnls 5 4,118 385.00 430.25 409.46 123A 3 Short Plate, short rib 13 23,873 477.00 518.75 505.75 130 4 Chuck, short rib 35 74,621 310.50 364.69 336.23 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 49 143,048 224.00 261.00 231.55 168 1 Round, top inside round 9 39,278 200.00 220.25 209.13 168 3 Round, top inside round 23 168,946 214.00 231.75 216.66 169 5 Round, top inside, denuded 26 118,895 242.00 265.00 253.96 169A 5 Round, top inside, cap off 6 20,378 282.75 297.65 284.90 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 6 3,782 209.47 229.25 221.00 171B 3 Round, outside round 37 164,761 214.00 260.60 226.86 171C 3 Round, eye of round (IM) 46 90,714 269.00 291.50 278.24 174 3 Loin, short loin, 0x1 17 52,016 441.32 494.57 450.31 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 3 3,114 455.00 462.00 458.76 180 3 Loin, strip, bnls, 0x1 43 161,856 500.00 537.61 517.02 184 1 Loin, top butt, bnls, heavy 3 4,169 230.00 230.00 230.00 184 3 Loin, top butt, boneless 57 331,887 228.00 271.25 248.09 184B 3 Loin, top butt, CC (IM) 9 59,081 330.00 380.25 343.35 185A 4 Loin, bottom sirloin, flap 18 47,071 384.27 425.50 396.78 185B 1 Loin, ball-tip, bnls, heavy 18 74,958 209.00 229.20 219.72 185C 1 Loin, sirloin, tri-tip (IM) 14 33,917 241.00 275.23 259.67 185D 4 Loin, tri-tip, pld (IM) 9 15,479 335.00 361.42 340.14 189A 4 Loin, tndrloin, trmd, heavy 26 76,049 900.00 951.42 916.41 191A 4 Loin, butt tender, trimmed 3 14,881 800.00 844.00 814.78 193 4 Flank, flank steak (IM) 10 38,994 379.32 434.25 392.66 -------------------------------------------------------------------------------- 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 10 12,459 527.57 614.25 550.04 112A 3 Rib, ribeye, bnls, light 13 147,812 620.14 695.25 633.42 112A 3 Rib, ribeye, bnls, heavy 21 43,349 624.30 696.50 641.68 113C 1 Chuck, semi-bnls, neck/off 3 5,702 211.25 225.00 214.71 114 1 Chuck, shoulder clod 8 62,352 188.66 211.50 193.16 114A 3 Chuck, shoulder clod, trmd 7 30,156 209.00 220.19 213.01 114D 3 Chuck, clod, top blade 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 3 9,772 323.00 337.45 324.06 116A 3 Chuck, roll, lxl, neck/off 19 38,055 310.00 345.00 330.08 116B 1 Chuck, chuck tender (IM) 7 24,860 225.00 256.50 232.84 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 3 1,091 491.98 539.25 524.20 120 1 Brisket, deckle-off, bnls 7 21,871 220.46 244.25 225.07 120A 3 Brisket, point/off, bnls 123A 3 Short Plate, short rib 130 4 Chuck, short rib 7 132,735 298.86 320.00 302.10 160 1 Round, bone-in 161 1 Round, boneless 0 0 167A 4 Round, knuckle, peeled 10 22,860 225.00 266.50 233.76 168 1 Round, top inside round 168 3 Round, top inside round 13 38,638 208.00 245.19 219.51 169 5 Round, top inside, denuded 0 0 169A 5 Round, top inside, cap off 6 25,924 271.00 299.25 283.71 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 171B 3 Round, outside round 22 185,827 207.50 241.57 209.90 171C 3 Round, eye of round (IM) 18 56,144 269.75 284.10 275.16 174 3 Loin, short loin, 0x1 19 29,597 400.00 480.25 423.63 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 180 3 Loin, strip, bnls, 0x1 16 145,407 400.00 489.00 406.89 184 1 Loin, top butt, bnls, heavy 11 16,671 225.00 231.91 229.83 184 3 Loin, top butt, boneless 14 62,992 228.00 276.50 245.18 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap 9 87,613 370.00 419.52 371.35 185B 1 Loin, ball-tip, bnls, heavy 7 30,746 199.00 231.50 214.94 185C 1 Loin, sirloin, tri-tip (IM) 11 128,178 231.01 244.66 236.09 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 10 97,588 837.49 909.61 853.91 191A 4 Loin, butt tender, trimmed 3 1,556 780.00 800.75 799.94 193 4 Flank, flank steak (IM) 8 35,949 375.00 415.50 381.69 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 3 36,447 114.00 125.00 114.24 121D 4 Plate, Inside Skirt (IM) 21 110,125 334.10 380.51 347.46 121C 4 Plate, Outside Skirt (IM) 28 49,010 451.25 546.50 486.71 121E 6 Outside Skirt, pld (IM) 3 14,394 681.02 725.46 711.51 Cap, Wedge Meat & (IM) Lean 36 153,275 247.00 277.82 254.46 Pectoral Meat 25 74,804 261.80 286.50 268.07 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 32 280,750 120.00 155.00 128.68 Ground Beef 75% Ground Beef 81% 43 256,030 150.00 179.08 156.55 Ground Beef 85% Ground Beef 90% Ground Beef 93% 13 53,333 279.70 305.17 292.02 Ground Beef Chuck 80% 13 95,620 167.00 191.55 173.16 Ground Beef Round 85% 3 3,633 250.00 252.00 251.62 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% 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 9 182,176 39.00 52.00 44.18 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 .