LM_XB403 Des Moines, IA Wed, Oct 11, 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 lower on light to moderate demand and moderate to heavy offerings. Select and Choice rib cuts steady to firm while chuck and loin cuts weak to lower. Select and Choice round cuts steady to weak. Beef trimmings unevenly steady on moderate demand and offerings. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 196.32 188.76 Change from prior day: (1.08) (1.26) -------------------------------------------------------------------------------- Choice/Select spread: 7.56 Total Load Count (Cuts, Trimmings, Grinds): 185 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 343.87 304.06 Primal Chuck 167.53 167.04 Primal Round 168.93 169.04 Primal Loin 237.36 225.01 Primal Brisket 156.56 153.91 Primal Short Plate 119.05 119.05 Primal Flank 93.28 89.02 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 10/10 63 23 12 24 123 197.40 190.02 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 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 197.48 188.85 -------------------------------------------------------------------------------- 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 90.41 loads 3,616,358 pounds Select Cuts 43.36 loads 1,734,550 pounds Trimmings 18.99 loads 759,553 pounds Ground Beef 32.30 loads 1,292,118 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 39 30,163 635.00 750.00 690.33 112A 3 Rib, ribeye, bnls, light 19 44,627 767.80 820.00 791.92 112A 3 Rib, ribeye, bnls, heavy 85 45,334 748.25 799.00 768.06 113C 1 Chuck, semi-bnls, neck/off 10 38,106 211.25 219.66 216.97 114 1 Chuck, shoulder clod 5 22,080 187.16 207.82 190.11 114A 3 Chuck, shoulder clod, trmd 47 313,811 190.00 217.00 202.32 114D 3 Chuck, clod, top blade 6 35,053 292.96 316.00 299.19 114E 3 Chuck, clod, arm roast 7 63,532 250.00 260.00 252.19 114F 5 Chuck, clod tender (IM) 18 13,223 325.00 383.75 348.50 116A 3 Chuck, roll, lxl, neck/off 57 127,408 306.75 348.71 317.21 116B 1 Chuck, chuck tender (IM) 43 62,601 219.74 240.00 225.30 3 Chuck roll, retail ready 9 171,361 338.32 367.18 344.21 116G 4 Chuck, flap (IM) 15 14,107 545.00 610.00 573.74 120 1 Brisket, deckle-off, bnls 67 118,221 224.25 250.25 235.26 120A 3 Brisket, point/off, bnls 9 5,555 418.78 430.45 424.73 123A 3 Short Plate, short rib 30 30,173 450.00 509.00 486.36 130 4 Chuck, short rib 43 37,392 311.75 375.00 336.43 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 64 118,482 220.00 255.00 227.52 168 1 Round, top inside round 77 226,685 205.00 222.00 209.76 168 3 Round, top inside round 36 116,277 205.00 228.82 214.07 169 5 Round, top inside, denuded 12 14,245 235.00 270.00 249.56 169A 5 Round, top inside, cap off 7 15,573 290.00 308.44 305.99 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 6 5,413 196.25 211.25 204.92 171B 3 Round, outside round 100 674,448 199.70 240.00 204.79 171C 3 Round, eye of round (IM) 83 118,960 270.13 292.26 278.71 174 3 Loin, short loin, 0x1 31 312,544 424.48 501.25 430.93 175 3 Loin, strip loin, 1x1 9 70,992 392.13 451.75 395.32 1 Loin, strip loin bnls. 1x1 7 3,172 462.00 494.00 475.44 180 3 Loin, strip, bnls, 0x1 78 86,922 494.08 551.00 515.84 184 1 Loin, top butt, bnls, heavy 12 9,770 229.95 255.00 237.12 184 3 Loin, top butt, boneless 46 46,486 237.00 271.25 258.40 184B 3 Loin, top butt, CC (IM) 11 71,172 330.18 381.00 350.37 185A 4 Loin, bottom sirloin, flap 37 145,524 390.10 486.50 406.29 185B 1 Loin, ball-tip, bnls, heavy 30 48,947 210.00 231.82 219.59 185C 1 Loin, sirloin, tri-tip (IM) 14 75,660 253.00 280.00 265.66 185D 4 Loin, tri-tip, pld (IM) 30 15,279 345.00 382.45 360.08 189A 4 Loin, tndrloin, trmd, heavy 55 97,792 900.00 1006.00 915.51 191A 4 Loin, butt tender, trimmed 0 0 193 4 Flank, flank steak (IM) 20 43,718 389.00 440.00 414.20 -------------------------------------------------------------------------------- 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 12 27,949 550.00 613.25 587.29 112A 3 Rib, ribeye, bnls, light 18 108,349 637.80 725.00 664.82 112A 3 Rib, ribeye, bnls, heavy 22 74,596 639.69 702.28 655.54 113C 1 Chuck, semi-bnls, neck/off 6 17,366 211.25 218.00 217.00 114 1 Chuck, shoulder clod 13 117,852 187.25 217.00 193.47 114A 3 Chuck, shoulder clod, trmd 8 93,810 189.70 216.04 191.65 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 18 37,836 305.00 345.00 315.24 116B 1 Chuck, chuck tender (IM) 14 28,732 219.55 238.82 224.04 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 8 6,108 490.00 541.50 504.99 120 1 Brisket, deckle-off, bnls 6 3,309 227.00 243.38 236.95 120A 3 Brisket, point/off, bnls 123A 3 Short Plate, short rib 130 4 Chuck, short rib 5 25,792 301.00 322.75 314.92 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 14 14,146 220.00 246.75 228.71 168 1 Round, top inside round 7 13,629 205.00 220.00 206.89 168 3 Round, top inside round 15 142,916 205.00 228.82 215.82 169 5 Round, top inside, denuded 5 1,940 251.00 266.75 259.70 169A 5 Round, top inside, cap off 4 17,000 290.90 290.90 290.90 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 5 4,904 205.00 216.49 214.28 171B 3 Round, outside round 18 94,315 194.00 220.00 203.07 171C 3 Round, eye of round (IM) 11 23,154 273.00 292.00 286.21 174 3 Loin, short loin, 0x1 20 58,630 400.00 435.75 414.28 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 180 3 Loin, strip, bnls, 0x1 21 218,352 400.00 441.83 405.02 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 24 84,905 230.00 250.00 239.41 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap 8 33,610 380.00 458.75 392.37 185B 1 Loin, ball-tip, bnls, heavy 7 23,490 215.00 230.25 219.46 185C 1 Loin, sirloin, tri-tip (IM) 6 5,868 230.00 253.75 247.48 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 15 21,271 870.00 996.75 918.11 191A 4 Loin, butt tender, trimmed 4 6,957 750.00 830.00 759.23 193 4 Flank, flank steak (IM) 5 10,850 375.00 431.50 379.06 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 5 40,750 104.00 142.00 105.91 121D 4 Plate, Inside Skirt (IM) 28 297,469 336.76 355.00 342.26 121C 4 Plate, Outside Skirt (IM) 16 38,804 475.00 550.00 484.27 121E 6 Outside Skirt, pld (IM) 3 1,123 676.02 735.00 707.27 Cap, Wedge Meat & (IM) Lean 21 84,690 243.53 279.00 256.56 Pectoral Meat 40 54,314 260.25 279.60 269.63 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 31 126,619 120.00 163.75 134.53 Ground Beef 75% Ground Beef 81% 67 326,063 157.00 183.75 162.33 Ground Beef 85% Ground Beef 90% 0 0 Ground Beef 93% 10 40,775 291.00 303.50 297.20 Ground Beef Chuck 80% 26 265,410 160.00 197.04 173.32 Ground Beef Round 85% 5 75,535 251.00 256.00 251.30 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 19 396,603 47.00 51.00 48.77 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. ---------------------------------------------------------