LM_XB403 Des Moines, IA Thu, Oct 12, 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 firm to higher on moderate to good demand and light to moderate offerings. Select and Choice rib cuts firm while chuck and round cuts steady. Choice loin cuts firm while Select weak. Beef trimmings mostly sharply higher on moderate to good demand and moderate offerings. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 197.44 189.45 Change from prior day: 1.12 0.69 -------------------------------------------------------------------------------- Choice/Select spread: 7.99 Total Load Count (Cuts, Trimmings, Grinds): 121 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 347.73 307.26 Primal Chuck 168.36 167.70 Primal Round 168.84 169.61 Primal Loin 238.84 223.50 Primal Brisket 157.93 158.74 Primal Short Plate 119.47 119.47 Primal Flank 94.54 90.58 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 10/11 90 43 19 32 185 196.32 188.76 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 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 197.26 188.69 -------------------------------------------------------------------------------- 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 64.83 loads 2,593,209 pounds Select Cuts 28.86 loads 1,154,320 pounds Trimmings 9.78 loads 391,153 pounds Ground Beef 17.29 loads 691,692 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 23 150,619 630.92 751.50 682.70 112A 3 Rib, ribeye, bnls, light 6 11,743 740.25 807.25 789.25 112A 3 Rib, ribeye, bnls, heavy 16 13,550 720.00 775.75 763.58 113C 1 Chuck, semi-bnls, neck/off 9 19,322 215.00 224.50 217.34 114 1 Chuck, shoulder clod 9 32,381 185.75 203.00 192.90 114A 3 Chuck, shoulder clod, trmd 18 139,566 194.70 221.50 200.45 114D 3 Chuck, clod, top blade 5 24,956 292.00 318.71 303.41 114E 3 Chuck, clod, arm roast 5 6,948 246.50 260.00 252.74 114F 5 Chuck, clod tender (IM) 8 6,368 345.00 376.75 357.24 116A 3 Chuck, roll, lxl, neck/off 34 202,707 288.00 336.50 308.98 116B 1 Chuck, chuck tender (IM) 18 63,573 216.00 246.50 223.50 3 Chuck roll, retail ready 6 107,878 358.83 362.31 360.55 116G 4 Chuck, flap (IM) 5 3,988 519.01 597.00 538.58 120 1 Brisket, deckle-off, bnls 25 159,189 230.50 245.00 236.68 120A 3 Brisket, point/off, bnls 5 10,875 389.00 435.58 421.12 123A 3 Short Plate, short rib 19 31,166 450.00 507.25 491.09 130 4 Chuck, short rib 31 45,519 310.50 370.00 333.50 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 40 143,073 223.58 256.00 229.39 168 1 Round, top inside round 12 97,396 199.00 218.00 201.44 168 3 Round, top inside round 24 143,412 212.25 231.50 215.17 169 5 Round, top inside, denuded 18 41,581 248.00 265.00 253.07 169A 5 Round, top inside, cap off 5 12,006 285.00 307.90 296.52 3 Round, top inside, side off 170 1 Round, bottom gooseneck 9 7,683 199.33 216.50 204.25 171B 3 Round, outside round 30 219,176 200.75 246.60 207.48 171C 3 Round, eye of round (IM) 44 106,164 268.00 296.50 279.12 174 3 Loin, short loin, 0x1 19 131,674 419.76 457.25 429.33 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 3 27,950 460.00 473.00 460.21 180 3 Loin, strip, bnls, 0x1 14 30,975 510.25 540.75 521.89 184 1 Loin, top butt, bnls, heavy 13 70,473 225.00 244.35 231.28 184 3 Loin, top butt, boneless 25 88,809 240.00 272.26 259.85 184B 3 Loin, top butt, CC (IM) 9 29,474 340.00 372.00 349.80 185A 4 Loin, bottom sirloin, flap 21 85,297 394.10 472.25 406.63 185B 1 Loin, ball-tip, bnls, heavy 15 49,849 215.00 240.75 219.11 185C 1 Loin, sirloin, tri-tip (IM) 9 24,733 250.00 273.00 264.51 185D 4 Loin, tri-tip, pld (IM) 3 2,242 360.00 371.00 360.46 189A 4 Loin, tndrloin, trmd, heavy 24 63,921 900.00 1030.75 935.95 191A 4 Loin, butt tender, trimmed 6 4,100 850.00 884.56 857.33 193 4 Flank, flank steak (IM) 16 16,744 392.00 460.25 414.74 -------------------------------------------------------------------------------- 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 7 5,468 549.00 614.25 572.87 112A 3 Rib, ribeye, bnls, light 8 54,541 642.85 685.67 669.80 112A 3 Rib, ribeye, bnls, heavy 19 36,314 625.30 701.50 654.91 113C 1 Chuck, semi-bnls, neck/off 6 11,834 215.00 219.58 216.95 114 1 Chuck, shoulder clod 16 39,314 185.75 211.50 195.67 114A 3 Chuck, shoulder clod, trmd 3 50,314 200.00 212.00 201.36 114D 3 Chuck, clod, top blade 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 9 10,427 335.00 375.50 341.84 116A 3 Chuck, roll, lxl, neck/off 12 12,148 298.00 331.00 311.68 116B 1 Chuck, chuck tender (IM) 8 31,002 220.15 246.50 224.95 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 120 1 Brisket, deckle-off, bnls 7 9,794 230.00 251.50 237.54 120A 3 Brisket, point/off, bnls 0 0 123A 3 Short Plate, short rib 130 4 Chuck, short rib 3 17,722 300.00 314.82 304.69 160 1 Round, bone-in 161 1 Round, boneless 0 0 167A 4 Round, knuckle, peeled 13 36,521 222.75 261.50 232.83 168 1 Round, top inside round 168 3 Round, top inside round 17 29,656 210.00 231.62 216.34 169 5 Round, top inside, denuded 3 4,867 251.00 265.19 254.59 169A 5 Round, top inside, cap off 5 12,364 289.00 301.50 293.58 3 Round, top inside, side off 170 1 Round, bottom gooseneck 171B 3 Round, outside round 13 70,221 200.75 219.25 203.93 171C 3 Round, eye of round (IM) 12 18,583 274.82 280.50 276.89 174 3 Loin, short loin, 0x1 12 46,536 404.00 430.25 408.90 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 180 3 Loin, strip, bnls, 0x1 17 32,942 405.00 456.50 423.31 184 1 Loin, top butt, bnls, heavy 10 13,546 205.00 230.00 226.51 184 3 Loin, top butt, boneless 13 81,497 230.20 254.00 235.30 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap 6 10,330 380.00 441.50 400.00 185B 1 Loin, ball-tip, bnls, heavy 5 10,861 222.80 230.00 228.85 185C 1 Loin, sirloin, tri-tip (IM) 4 7,543 228.58 250.00 246.24 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 13 21,377 869.50 932.00 899.42 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) 6 3,840 379.00 425.50 416.50 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 9 198,373 92.76 125.00 95.88 121D 4 Plate, Inside Skirt (IM) 30 113,569 336.75 355.75 349.18 121C 4 Plate, Outside Skirt (IM) 25 29,410 440.00 551.75 486.57 121E 6 Outside Skirt, pld (IM) 3 1,756 685.50 713.00 700.36 Cap, Wedge Meat & (IM) Lean 28 145,346 247.00 277.58 259.76 Pectoral Meat 15 39,433 265.00 291.50 268.68 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 21 234,765 126.00 145.25 132.69 Ground Beef 75% Ground Beef 81% 34 233,972 156.00 171.50 161.84 Ground Beef 85% Ground Beef 90% Ground Beef 93% 3 3,584 295.00 303.50 301.63 Ground Beef Chuck 80% 7 61,735 164.22 179.00 174.58 Ground Beef Round 85% 4 10,089 238.82 255.00 251.38 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% 0 0 Blended Ground Beef Round 85% 0 0 Blended Ground Beef Sirloin 90% 0 0 -------------------------------------------------------------------------------- BEEF TRIMMINGS - STEER/HEIFER SOURCE - Fresh Combos & Frozen Boxed -------------------------------------------------------------------------------- Fresh 50% lean trimmings 14 391,153 46.08 61.58 50.41 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