LM_XB403 Des Moines, IA Fri, Oct 13, 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 light to moderate demand and moderate offerings. Select and Choice rib, chuck, round, and loin cuts steady to firm. Beef trimmings mostly weak to slightly lower on light to moderate demand and moderate offerings. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 198.22 190.05 Change from prior day: 0.78 0.60 -------------------------------------------------------------------------------- Choice/Select spread: 8.17 Total Load Count (Cuts, Trimmings, Grinds): 129 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 351.97 306.34 Primal Chuck 167.96 168.45 Primal Round 169.56 169.63 Primal Loin 240.07 225.01 Primal Brisket 158.19 159.88 Primal Short Plate 119.25 119.25 Primal Flank 94.52 94.14 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 10/12 65 29 10 17 121 197.44 189.45 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 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 197.30 188.82 -------------------------------------------------------------------------------- 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 65.32 loads 2,612,886 pounds Select Cuts 16.92 loads 676,606 pounds Trimmings 13.90 loads 556,197 pounds Ground Beef 33.21 loads 1,328,544 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 35 415,349 696.25 705.01 701.98 112A 3 Rib, ribeye, bnls, light 4 14,738 746.00 795.00 757.25 112A 3 Rib, ribeye, bnls, heavy 9 52,546 740.92 790.65 745.80 113C 1 Chuck, semi-bnls, neck/off 114 1 Chuck, shoulder clod 4 3,072 186.75 201.25 195.27 114A 3 Chuck, shoulder clod, trmd 13 101,733 197.00 221.50 201.98 114D 3 Chuck, clod, top blade 5 16,429 299.77 317.00 310.88 114E 3 Chuck, clod, arm roast 7 28,875 250.00 296.00 266.95 114F 5 Chuck, clod tender (IM) 8 7,067 342.68 356.50 347.09 116A 3 Chuck, roll, lxl, neck/off 25 102,910 289.60 335.00 308.55 116B 1 Chuck, chuck tender (IM) 15 95,998 220.00 240.00 222.33 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 8 21,779 530.47 590.00 549.16 120 1 Brisket, deckle-off, bnls 16 51,960 224.25 246.76 234.87 120A 3 Brisket, point/off, bnls 5 7,610 411.00 430.00 421.61 123A 3 Short Plate, short rib 7 18,429 471.00 506.75 487.12 130 4 Chuck, short rib 12 39,256 306.00 375.00 350.29 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 34 125,312 226.54 250.25 231.24 168 1 Round, top inside round 14 91,925 200.00 220.66 207.20 168 3 Round, top inside round 13 60,594 214.32 226.50 218.09 169 5 Round, top inside, denuded 19 83,371 246.54 270.00 249.85 169A 5 Round, top inside, cap off 3 2,619 285.00 287.75 285.77 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 0 0 171B 3 Round, outside round 34 207,378 200.00 246.60 209.83 171C 3 Round, eye of round (IM) 37 110,676 260.40 290.75 278.49 174 3 Loin, short loin, 0x1 22 65,783 430.54 507.25 439.35 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 6 4,469 462.00 470.00 468.35 180 3 Loin, strip, bnls, 0x1 33 179,311 477.00 531.50 496.60 184 1 Loin, top butt, bnls, heavy 6 8,827 225.00 249.84 234.81 184 3 Loin, top butt, boneless 34 143,710 230.00 261.50 255.25 184B 3 Loin, top butt, CC (IM) 185A 4 Loin, bottom sirloin, flap 11 12,627 403.84 445.00 418.65 185B 1 Loin, ball-tip, bnls, heavy 10 66,655 200.00 225.00 215.36 185C 1 Loin, sirloin, tri-tip (IM) 4 10,753 250.00 273.34 263.01 185D 4 Loin, tri-tip, pld (IM) 3 5,327 330.50 369.25 348.62 189A 4 Loin, tndrloin, trmd, heavy 44 216,592 895.00 1000.25 910.64 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) 14 23,808 397.16 450.75 411.75 -------------------------------------------------------------------------------- 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 112A 3 Rib, ribeye, bnls, light 7 7,087 625.00 682.00 653.03 112A 3 Rib, ribeye, bnls, heavy 6 3,199 655.00 701.50 671.64 113C 1 Chuck, semi-bnls, neck/off 0 0 114 1 Chuck, shoulder clod 6 11,463 186.75 213.00 204.20 114A 3 Chuck, shoulder clod, trmd 4 7,043 197.00 212.07 200.73 114D 3 Chuck, clod, top blade 0 0 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 0 0 116A 3 Chuck, roll, lxl, neck/off 13 30,338 315.00 334.54 324.24 116B 1 Chuck, chuck tender (IM) 8 13,129 215.00 246.50 224.05 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 5 2,793 477.00 539.90 503.01 120 1 Brisket, deckle-off, bnls 4 16,142 226.88 241.88 239.88 120A 3 Brisket, point/off, bnls 0 0 123A 3 Short Plate, short rib 130 4 Chuck, short rib 4 4,725 321.50 334.84 330.82 160 1 Round, bone-in 0 0 161 1 Round, boneless 0 0 167A 4 Round, knuckle, peeled 3 14,394 230.00 240.75 235.68 168 1 Round, top inside round 3 8,866 200.00 215.00 201.10 168 3 Round, top inside round 5 9,419 207.00 221.84 215.64 169 5 Round, top inside, denuded 3 1,714 257.84 265.95 263.13 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 8 88,004 200.00 220.00 200.56 171C 3 Round, eye of round (IM) 6 11,320 274.90 282.67 281.40 174 3 Loin, short loin, 0x1 5 10,892 404.00 509.50 459.02 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 11 33,973 390.00 456.50 408.92 184 1 Loin, top butt, bnls, heavy 6 16,901 197.00 231.00 224.88 184 3 Loin, top butt, boneless 11 56,065 220.00 250.00 236.38 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap 4 2,416 360.00 387.84 386.19 185B 1 Loin, ball-tip, bnls, heavy 5 39,264 195.00 215.00 207.98 185C 1 Loin, sirloin, tri-tip (IM) 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 5 44,316 876.00 936.24 892.62 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 121D 4 Plate, Inside Skirt (IM) 20 59,288 335.00 364.16 349.82 121C 4 Plate, Outside Skirt (IM) 24 56,168 427.00 500.00 463.79 121E 6 Outside Skirt, pld (IM) 7 15,645 575.00 722.42 673.68 Cap, Wedge Meat & (IM) Lean 13 156,749 245.00 270.05 256.31 Pectoral Meat 18 71,936 269.61 282.00 277.00 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 10 217,104 130.00 145.66 139.81 Ground Beef 75% Ground Beef 81% 34 295,016 150.99 190.00 167.12 Ground Beef 85% Ground Beef 90% Ground Beef 93% 6 68,854 295.46 305.19 297.91 Ground Beef Chuck 80% 20 310,434 160.00 186.76 172.44 Ground Beef Round 85% 6 23,679 247.25 260.13 253.03 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% 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 19 473,397 39.00 61.58 49.62 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 .