LM_XB403 Des Moines, IA Fri, Oct 06, 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 and chuck cuts steady while round cuts weak. Choice loin cuts firm while Select weak. Beef trimmings unevenly steady on light demand and light to moderate offerings. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 197.22 187.23 Change from prior day: (0.03) (1.55) -------------------------------------------------------------------------------- Choice/Select spread: 9.99 Total Load Count (Cuts, Trimmings, Grinds): 129 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 336.52 297.09 Primal Chuck 170.43 169.14 Primal Round 171.21 170.14 Primal Loin 240.15 218.54 Primal Brisket 155.68 151.62 Primal Short Plate 117.64 117.64 Primal Flank 90.93 88.56 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 10/05 65 44 6 22 138 197.25 188.78 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 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 197.27 188.83 -------------------------------------------------------------------------------- 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 57.79 loads 2,311,562 pounds Select Cuts 28.96 loads 1,158,557 pounds Trimmings 14.44 loads 577,752 pounds Ground Beef 27.96 loads 1,118,429 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 6 16,575 620.00 740.25 673.39 112A 3 Rib, ribeye, bnls, light 4 7,329 770.00 790.50 782.95 112A 3 Rib, ribeye, bnls, heavy 13 38,313 685.00 774.65 737.84 113C 1 Chuck, semi-bnls, neck/off 3 28,158 214.50 225.00 214.86 114 1 Chuck, shoulder clod 114A 3 Chuck, shoulder clod, trmd 15 108,096 199.18 221.75 211.47 114D 3 Chuck, clod, top blade 5 4,225 298.89 315.00 301.92 114E 3 Chuck, clod, arm roast 4 54,784 255.75 275.00 264.91 114F 5 Chuck, clod tender (IM) 9 12,048 345.00 350.71 346.52 116A 3 Chuck, roll, lxl, neck/off 18 43,023 323.69 345.00 331.65 116B 1 Chuck, chuck tender (IM) 21 259,692 207.00 236.62 215.91 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 4 8,755 540.00 560.18 545.95 120 1 Brisket, deckle-off, bnls 13 34,807 224.25 246.50 232.20 120A 3 Brisket, point/off, bnls 7 12,003 425.00 446.75 434.43 123A 3 Short Plate, short rib 7 9,350 479.50 506.75 503.03 130 4 Chuck, short rib 17 36,910 320.00 375.00 340.60 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 41 278,077 222.70 262.00 226.61 168 1 Round, top inside round 9 37,754 200.00 235.81 207.25 168 3 Round, top inside round 16 141,266 210.00 227.63 213.79 169 5 Round, top inside, denuded 14 47,507 247.08 281.25 251.88 169A 5 Round, top inside, cap off 8 58,775 273.33 324.05 277.45 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 171B 3 Round, outside round 22 219,053 211.00 241.25 216.40 171C 3 Round, eye of round (IM) 24 47,367 270.00 297.09 280.67 174 3 Loin, short loin, 0x1 11 33,798 433.71 451.46 443.47 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 6 5,263 430.00 462.00 445.95 180 3 Loin, strip, bnls, 0x1 24 85,201 514.00 542.00 521.75 184 1 Loin, top butt, bnls, heavy 9 29,870 225.00 242.89 230.86 184 3 Loin, top butt, boneless 21 96,229 240.50 287.00 258.69 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap 9 19,153 404.00 424.80 415.86 185B 1 Loin, ball-tip, bnls, heavy 19 68,648 210.00 230.45 218.41 185C 1 Loin, sirloin, tri-tip (IM) 11 41,465 238.00 276.23 254.70 185D 4 Loin, tri-tip, pld (IM) 3 3,947 340.75 358.93 341.42 189A 4 Loin, tndrloin, trmd, heavy 32 221,046 898.05 962.97 905.50 191A 4 Loin, butt tender, trimmed 5 23,391 809.00 917.00 865.91 193 4 Flank, flank steak (IM) 21 52,132 380.00 442.75 400.36 -------------------------------------------------------------------------------- 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 8 35,801 541.31 614.25 564.37 112A 3 Rib, ribeye, bnls, light 6 49,567 625.00 670.00 626.25 112A 3 Rib, ribeye, bnls, heavy 11 30,963 644.71 696.50 664.15 113C 1 Chuck, semi-bnls, neck/off 114 1 Chuck, shoulder clod 7 16,103 191.25 212.88 205.27 114A 3 Chuck, shoulder clod, trmd 6 56,331 199.64 214.51 209.34 114D 3 Chuck, clod, top blade 0 0 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 8 18,825 312.78 350.71 326.22 116A 3 Chuck, roll, lxl, neck/off 13 86,754 309.67 354.00 323.62 116B 1 Chuck, chuck tender (IM) 6 33,732 215.15 233.37 217.16 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 5 9,792 475.00 539.25 490.27 120 1 Brisket, deckle-off, bnls 4 3,925 234.56 250.00 235.95 120A 3 Brisket, point/off, bnls 0 0 123A 3 Short Plate, short rib 130 4 Chuck, short rib 8 24,940 291.00 344.00 306.67 160 1 Round, bone-in 0 0 161 1 Round, boneless 0 0 167A 4 Round, knuckle, peeled 10 55,801 226.00 238.00 227.71 168 1 Round, top inside round 5 9,502 200.00 235.81 214.03 168 3 Round, top inside round 6 54,187 207.00 222.00 211.45 169 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 171B 3 Round, outside round 11 42,523 211.00 239.25 218.36 171C 3 Round, eye of round (IM) 7 8,539 274.51 280.00 275.65 174 3 Loin, short loin, 0x1 175 3 Loin, strip loin, 1x1 0 0 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 8 19,121 407.00 435.00 414.08 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 12 112,353 227.51 255.00 232.57 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap 6 33,471 370.00 406.90 374.76 185B 1 Loin, ball-tip, bnls, heavy 4 3,751 200.00 222.19 210.78 185C 1 Loin, sirloin, tri-tip (IM) 13 161,008 240.00 255.00 247.50 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 10 53,866 859.90 908.43 872.80 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) 6 26,797 375.00 390.00 381.93 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 121D 4 Plate, Inside Skirt (IM) 18 60,114 340.00 359.00 348.53 121C 4 Plate, Outside Skirt (IM) 17 34,465 435.28 510.00 458.88 121E 6 Outside Skirt, pld (IM) 6 9,248 715.00 727.00 722.12 Cap, Wedge Meat & (IM) Lean 24 93,528 242.90 280.00 251.65 Pectoral Meat 19 54,802 250.00 283.50 267.81 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 13 151,659 125.00 145.27 126.61 Ground Beef 75% Ground Beef 81% 44 316,566 145.00 190.96 156.97 Ground Beef 85% Ground Beef 90% 0 0 Ground Beef 93% 10 112,903 280.34 300.96 296.26 Ground Beef Chuck 80% 10 173,955 165.00 172.72 169.22 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% 0 0 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 17 367,032 42.00 49.00 44.95 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 .