LM_XB403 Des Moines, IA Tue, Oct 10, 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 weak on Choice and higher on Select on light to moderate demand and light offerings. Select and Choice rib and round cuts steady to firm while chuck cuts steady to weak. Choice loin cuts weak while Select higher. Beef trimmings sharply lower on light demand and moderate offerings. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 197.40 190.02 Change from prior day: (0.73) 1.36 -------------------------------------------------------------------------------- Choice/Select spread: 7.38 Total Load Count (Cuts, Trimmings, Grinds): 123 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 341.25 300.09 Primal Chuck 169.11 169.38 Primal Round 169.67 170.26 Primal Loin 240.36 228.56 Primal Brisket 156.94 150.55 Primal Short Plate 120.48 120.48 Primal Flank 92.85 90.83 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 10/09 47 25 6 15 94 198.13 188.66 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 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 197.58 188.65 -------------------------------------------------------------------------------- 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 63.45 loads 2,537,884 pounds Select Cuts 22.52 loads 900,827 pounds Trimmings 12.25 loads 489,988 pounds Ground Beef 24.33 loads 973,047 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 14 85,997 640.00 738.62 697.47 112A 3 Rib, ribeye, bnls, light 5 47,278 720.00 740.00 736.70 112A 3 Rib, ribeye, bnls, heavy 12 28,577 681.50 774.60 717.93 113C 1 Chuck, semi-bnls, neck/off 3 42,520 216.40 220.00 216.98 114 1 Chuck, shoulder clod 7 135,449 194.00 210.00 196.64 114A 3 Chuck, shoulder clod, trmd 30 489,199 188.47 223.75 194.85 114D 3 Chuck, clod, top blade 7 5,735 292.15 317.00 307.79 114E 3 Chuck, clod, arm roast 9 11,162 265.00 324.52 285.06 114F 5 Chuck, clod tender (IM) 4 5,429 312.97 376.75 335.21 116A 3 Chuck, roll, lxl, neck/off 16 62,815 312.00 345.23 320.82 116B 1 Chuck, chuck tender (IM) 20 83,313 218.00 246.50 222.28 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 7 5,778 538.46 575.20 547.51 120 1 Brisket, deckle-off, bnls 20 92,917 223.25 257.00 232.98 120A 3 Brisket, point/off, bnls 9 5,668 418.00 434.65 425.34 123A 3 Short Plate, short rib 11 16,415 476.00 510.00 485.85 130 4 Chuck, short rib 17 27,991 312.25 375.00 343.28 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 34 101,406 222.12 256.75 232.53 168 1 Round, top inside round 7 22,623 195.00 220.00 206.63 168 3 Round, top inside round 23 250,316 205.00 250.25 212.04 169 5 Round, top inside, denuded 6 17,052 254.60 281.50 263.64 169A 5 Round, top inside, cap off 3 Round, top inside, side off 170 1 Round, bottom gooseneck 171B 3 Round, outside round 19 73,601 200.00 235.00 213.14 171C 3 Round, eye of round (IM) 23 103,288 272.74 299.25 278.14 174 3 Loin, short loin, 0x1 12 77,827 429.67 483.00 437.02 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 3 2,292 490.00 502.25 492.06 180 3 Loin, strip, bnls, 0x1 25 62,836 505.00 545.00 512.05 184 1 Loin, top butt, bnls, heavy 4 5,760 225.00 247.00 233.83 184 3 Loin, top butt, boneless 19 106,628 235.00 271.25 251.40 184B 3 Loin, top butt, CC (IM) 4 26,549 330.00 370.25 331.11 185A 4 Loin, bottom sirloin, flap 17 222,872 393.00 489.25 401.20 185B 1 Loin, ball-tip, bnls, heavy 7 18,265 215.00 235.15 227.59 185C 1 Loin, sirloin, tri-tip (IM) 12 33,378 250.00 280.00 270.47 185D 4 Loin, tri-tip, pld (IM) 8 38,848 346.25 387.00 382.48 189A 4 Loin, tndrloin, trmd, heavy 10 17,139 913.81 1028.50 942.00 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) 14 69,097 379.00 435.00 407.57 -------------------------------------------------------------------------------- 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 9 23,447 549.00 598.46 556.71 112A 3 Rib, ribeye, bnls, light 7 52,728 621.24 712.50 634.13 112A 3 Rib, ribeye, bnls, heavy 11 19,138 639.69 688.25 654.00 113C 1 Chuck, semi-bnls, neck/off 114 1 Chuck, shoulder clod 3 3,535 200.00 210.00 204.24 114A 3 Chuck, shoulder clod, trmd 10 20,863 195.15 220.00 204.45 114D 3 Chuck, clod, top blade 0 0 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 5 9,254 335.30 340.19 337.50 116A 3 Chuck, roll, lxl, neck/off 14 31,799 308.75 340.00 315.64 116B 1 Chuck, chuck tender (IM) 7 22,267 218.00 236.00 223.82 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 10 9,756 487.66 506.85 490.97 120 1 Brisket, deckle-off, bnls 6 34,825 223.63 245.00 229.24 120A 3 Brisket, point/off, bnls 123A 3 Short Plate, short rib 130 4 Chuck, short rib 5 7,001 303.00 330.00 313.71 160 1 Round, bone-in 0 0 161 1 Round, boneless 167A 4 Round, knuckle, peeled 14 41,168 222.90 255.00 233.26 168 1 Round, top inside round 168 3 Round, top inside round 13 67,171 208.00 226.62 212.06 169 5 Round, top inside, denuded 0 0 169A 5 Round, top inside, cap off 7 22,000 286.00 290.90 287.78 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 3 41,522 208.24 220.00 208.35 171B 3 Round, outside round 9 6,387 210.00 232.50 220.63 171C 3 Round, eye of round (IM) 16 53,195 266.28 291.50 279.36 174 3 Loin, short loin, 0x1 8 53,291 418.46 458.97 421.50 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 7 17,172 405.00 445.25 418.72 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 15 46,234 230.00 264.50 237.26 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap 4 3,544 388.78 450.00 442.41 185B 1 Loin, ball-tip, bnls, heavy 7 21,627 205.75 225.19 210.43 185C 1 Loin, sirloin, tri-tip (IM) 185D 4 Loin, tri-tip, pld (IM) 0 0 189A 4 Loin, tndrloin, trmd, heavy 7 5,935 870.00 999.25 974.92 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) 7 9,882 380.00 395.00 386.67 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 0 0 121D 4 Plate, Inside Skirt (IM) 18 46,973 336.75 356.26 347.93 121C 4 Plate, Outside Skirt (IM) 11 20,151 480.00 547.95 513.34 121E 6 Outside Skirt, pld (IM) 9 33,340 643.90 720.90 688.91 Cap, Wedge Meat & (IM) Lean 43 177,409 248.00 277.00 252.77 Pectoral Meat 21 38,457 257.54 282.25 266.49 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 24 357,455 121.99 151.50 130.53 Ground Beef 75% Ground Beef 81% 29 141,161 159.00 179.25 164.67 Ground Beef 85% Ground Beef 90% Ground Beef 93% 11 39,299 286.00 307.00 290.31 Ground Beef Chuck 80% 11 58,487 170.00 186.62 173.40 Ground Beef Round 85% 10 8,080 241.44 258.68 250.84 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% 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 18 489,988 40.00 53.75 46.39 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 .