LM_XB403 Des Moines, IA Mon, Oct 09, 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 higher on light to moderate demand and moderate offerings. Select and Choice rib and chuck cuts steady to firm while round cuts steady to weak. Select and Choice loin cuts firm to higher. Beef trimmings sharply higher on moderate to good demand and light offerings. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 198.13 188.66 Change from prior day: 0.91 1.43 -------------------------------------------------------------------------------- Choice/Select spread: 9.47 Total Load Count (Cuts, Trimmings, Grinds): 94 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 338.58 299.75 Primal Chuck 170.92 169.79 Primal Round 169.79 169.98 Primal Loin 243.37 223.21 Primal Brisket 157.50 149.80 Primal Short Plate 117.98 117.98 Primal Flank 92.49 89.93 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 10/06 58 29 14 28 129 197.22 187.23 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 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 197.39 188.57 -------------------------------------------------------------------------------- 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 46.52 loads 1,860,882 pounds Select Cuts 25.39 loads 1,015,598 pounds Trimmings 6.35 loads 253,918 pounds Ground Beef 15.46 loads 618,554 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 17 105,802 638.00 740.56 659.61 112A 3 Rib, ribeye, bnls, light 13 68,106 750.00 807.79 776.03 112A 3 Rib, ribeye, bnls, heavy 11 6,754 708.55 783.46 755.00 113C 1 Chuck, semi-bnls, neck/off 114 1 Chuck, shoulder clod 8 26,627 188.99 208.00 197.84 114A 3 Chuck, shoulder clod, trmd 6 14,326 199.98 216.76 210.55 114D 3 Chuck, clod, top blade 6 9,134 301.37 306.21 302.95 114E 3 Chuck, clod, arm roast 11 67,466 255.00 285.00 257.18 114F 5 Chuck, clod tender (IM) 5 9,800 347.00 350.00 347.63 116A 3 Chuck, roll, lxl, neck/off 22 64,106 321.75 351.86 328.50 116B 1 Chuck, chuck tender (IM) 13 52,373 215.00 242.25 222.73 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 12 15,247 525.99 578.97 550.81 120 1 Brisket, deckle-off, bnls 23 45,022 231.75 260.25 238.74 120A 3 Brisket, point/off, bnls 123A 3 Short Plate, short rib 18 33,225 440.00 506.75 483.19 130 4 Chuck, short rib 40 323,899 294.76 375.00 306.03 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 31 66,751 225.00 256.00 231.60 168 1 Round, top inside round 9 13,650 208.96 221.54 216.89 168 3 Round, top inside round 20 72,358 209.00 236.00 214.99 169 5 Round, top inside, denuded 169A 5 Round, top inside, cap off 9 77,068 273.56 297.00 277.82 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 171B 3 Round, outside round 23 159,468 202.50 231.86 208.88 171C 3 Round, eye of round (IM) 28 61,831 250.00 297.25 272.44 174 3 Loin, short loin, 0x1 9 12,546 439.14 502.00 484.66 175 3 Loin, strip loin, 1x1 3 1,520 442.00 450.75 442.59 1 Loin, strip loin bnls. 1x1 4 4,923 462.00 462.00 462.00 180 3 Loin, strip, bnls, 0x1 15 19,819 500.16 548.00 520.37 184 1 Loin, top butt, bnls, heavy 5 6,080 225.00 252.25 232.87 184 3 Loin, top butt, boneless 12 11,432 245.00 274.14 260.03 184B 3 Loin, top butt, CC (IM) 185A 4 Loin, bottom sirloin, flap 8 11,864 394.24 425.00 409.30 185B 1 Loin, ball-tip, bnls, heavy 14 45,322 210.25 234.14 219.60 185C 1 Loin, sirloin, tri-tip (IM) 7 17,398 240.00 265.97 252.50 185D 4 Loin, tri-tip, pld (IM) 6 3,781 335.00 366.00 342.72 189A 4 Loin, tndrloin, trmd, heavy 18 204,421 899.77 1026.75 904.42 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) 19 36,981 387.00 445.00 406.14 -------------------------------------------------------------------------------- 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 19,815 541.78 585.00 582.13 112A 3 Rib, ribeye, bnls, light 7 17,958 613.00 668.00 627.71 112A 3 Rib, ribeye, bnls, heavy 8 14,016 640.00 661.62 656.64 113C 1 Chuck, semi-bnls, neck/off 114 1 Chuck, shoulder clod 6 94,978 195.37 215.00 202.87 114A 3 Chuck, shoulder clod, trmd 4 14,255 199.98 220.00 207.40 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 9 39,181 315.00 345.00 334.17 116B 1 Chuck, chuck tender (IM) 8 12,178 210.00 238.46 216.57 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 8 9,628 491.97 525.00 517.59 120 1 Brisket, deckle-off, bnls 12 107,961 203.40 246.76 222.81 120A 3 Brisket, point/off, bnls 123A 3 Short Plate, short rib 130 4 Chuck, short rib 13 56,796 300.00 340.00 303.42 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 14 17,960 226.00 252.79 233.63 168 1 Round, top inside round 168 3 Round, top inside round 12 21,770 209.37 235.00 216.18 169 5 Round, top inside, denuded 5 8,222 253.00 270.00 263.19 169A 5 Round, top inside, cap off 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 6 33,863 198.00 213.50 203.21 171B 3 Round, outside round 10 71,211 202.50 240.00 209.40 171C 3 Round, eye of round (IM) 12 23,014 260.98 289.00 274.23 174 3 Loin, short loin, 0x1 8 51,368 400.83 509.50 426.86 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 8 29,449 406.00 455.00 410.52 184 1 Loin, top butt, bnls, heavy 4 3,567 210.00 235.00 220.27 184 3 Loin, top butt, boneless 18 57,526 227.00 268.00 240.60 184B 3 Loin, top butt, CC (IM) 185A 4 Loin, bottom sirloin, flap 3 6,062 393.00 427.79 403.44 185B 1 Loin, ball-tip, bnls, heavy 4 3,028 215.00 223.00 221.31 185C 1 Loin, sirloin, tri-tip (IM) 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 11 71,618 864.00 952.25 923.45 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) 8 5,640 395.00 428.46 407.04 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 121D 4 Plate, Inside Skirt (IM) 15 75,306 315.00 381.62 348.95 121C 4 Plate, Outside Skirt (IM) 13 11,544 460.00 551.00 492.97 121E 6 Outside Skirt, pld (IM) 4 3,943 701.21 725.13 705.83 Cap, Wedge Meat & (IM) Lean 26 115,775 246.00 278.46 252.87 Pectoral Meat 23 108,210 258.00 280.00 266.81 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 9 50,618 120.00 143.25 135.39 Ground Beef 75% 0 0 Ground Beef 81% 29 165,780 150.00 182.42 162.37 Ground Beef 85% Ground Beef 90% 0 0 Ground Beef 93% 6 28,060 270.00 297.87 293.84 Ground Beef Chuck 80% 8 102,253 155.00 185.75 167.29 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% -------------------------------------------------------------------------------- BEEF TRIMMINGS - STEER/HEIFER SOURCE - Fresh Combos & Frozen Boxed -------------------------------------------------------------------------------- Fresh 50% lean trimmings 12 253,918 46.25 58.00 50.06 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 .