LM_XB403 Des Moines, IA Mon, Oct 16, 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 on moderate demand and light offerings. Select and Choice rib, chuck, round, and loin cuts steady to firm. Beef trimmings moderately to sharply higher good demand and heavy offerings. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 198.81 190.57 Change from prior day: 0.59 0.52 -------------------------------------------------------------------------------- Choice/Select spread: 8.24 Total Load Count (Cuts, Trimmings, Grinds): 97 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 351.69 309.33 Primal Chuck 169.17 168.66 Primal Round 169.68 168.11 Primal Loin 240.95 227.31 Primal Brisket 158.69 160.74 Primal Short Plate 119.37 119.37 Primal Flank 94.89 91.47 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 10/13 65 17 14 33 129 198.22 190.05 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 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 197.50 189.39 -------------------------------------------------------------------------------- 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 41.71 loads 1,668,474 pounds Select Cuts 20.03 loads 801,130 pounds Trimmings 23.63 loads 945,242 pounds Ground Beef 11.96 loads 478,236 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 15 18,764 692.67 745.76 712.25 112A 3 Rib, ribeye, bnls, light 10 16,267 755.00 817.00 769.96 112A 3 Rib, ribeye, bnls, heavy 20 59,485 740.25 800.25 750.73 113C 1 Chuck, semi-bnls, neck/off 3 2,083 218.97 236.75 223.97 114 1 Chuck, shoulder clod 6 21,682 193.96 200.00 196.90 114A 3 Chuck, shoulder clod, trmd 15 68,454 194.41 225.00 200.54 114D 3 Chuck, clod, top blade 10 12,010 299.31 307.30 305.99 114E 3 Chuck, clod, arm roast 14 8,724 255.00 297.00 276.22 114F 5 Chuck, clod tender (IM) 13 17,974 338.57 360.25 344.40 116A 3 Chuck, roll, lxl, neck/off 24 59,790 286.57 345.25 311.11 116B 1 Chuck, chuck tender (IM) 20 40,684 220.15 240.00 227.25 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 19 38,957 472.20 572.00 522.69 120 1 Brisket, deckle-off, bnls 19 46,386 232.00 253.00 238.80 120A 3 Brisket, point/off, bnls 4 5,731 411.00 425.00 417.87 123A 3 Short Plate, short rib 22 28,183 482.70 506.00 497.74 130 4 Chuck, short rib 25 48,240 314.60 378.00 345.31 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 31 86,592 222.00 256.00 238.54 168 1 Round, top inside round 14 163,359 200.00 221.12 201.70 168 3 Round, top inside round 25 116,005 203.00 224.60 212.64 169 5 Round, top inside, denuded 10 30,631 249.94 270.00 252.57 169A 5 Round, top inside, cap off 8 62,667 285.00 328.87 314.35 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 171B 3 Round, outside round 20 64,985 202.00 220.75 208.91 171C 3 Round, eye of round (IM) 30 71,638 268.00 292.30 277.09 174 3 Loin, short loin, 0x1 25 89,975 431.94 502.33 469.20 175 3 Loin, strip loin, 1x1 5 30,186 399.78 445.00 402.18 1 Loin, strip loin bnls. 1x1 3 2,725 470.00 470.00 470.00 180 3 Loin, strip, bnls, 0x1 24 60,095 495.00 548.00 524.09 184 1 Loin, top butt, bnls, heavy 7 8,408 225.00 250.00 240.88 184 3 Loin, top butt, boneless 21 36,241 235.00 268.48 255.56 184B 3 Loin, top butt, CC (IM) 10 5,509 334.70 381.00 360.43 185A 4 Loin, bottom sirloin, flap 19 25,535 405.38 447.00 418.16 185B 1 Loin, ball-tip, bnls, heavy 13 53,842 207.00 225.12 215.23 185C 1 Loin, sirloin, tri-tip (IM) 7 20,927 260.00 281.69 276.16 185D 4 Loin, tri-tip, pld (IM) 5 3,889 375.00 398.00 387.52 189A 4 Loin, tndrloin, trmd, heavy 23 78,491 909.80 986.00 927.93 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) 11 38,886 402.44 443.00 413.26 -------------------------------------------------------------------------------- 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 10 15,437 527.57 620.00 562.80 112A 3 Rib, ribeye, bnls, light 12 30,999 651.00 727.00 688.01 112A 3 Rib, ribeye, bnls, heavy 10 14,967 650.00 713.00 685.15 113C 1 Chuck, semi-bnls, neck/off 114 1 Chuck, shoulder clod 5 67,650 194.58 211.00 198.10 114A 3 Chuck, shoulder clod, trmd 8 55,161 196.50 214.20 205.58 114D 3 Chuck, clod, top blade 0 0 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 11 17,786 326.00 345.00 336.97 116A 3 Chuck, roll, lxl, neck/off 15 49,412 290.35 340.00 312.83 116B 1 Chuck, chuck tender (IM) 8 29,437 220.00 239.20 225.95 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 20 21,333 478.00 538.04 498.80 120 1 Brisket, deckle-off, bnls 5 8,474 239.31 244.68 240.43 120A 3 Brisket, point/off, bnls 0 0 123A 3 Short Plate, short rib 130 4 Chuck, short rib 7 6,450 315.58 342.00 331.94 160 1 Round, bone-in 0 0 161 1 Round, boneless 0 0 167A 4 Round, knuckle, peeled 12 55,793 222.00 245.00 226.69 168 1 Round, top inside round 4 10,550 205.00 216.58 205.59 168 3 Round, top inside round 12 80,691 203.00 230.00 212.00 169 5 Round, top inside, denuded 3 4,442 258.66 272.00 267.65 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 7 24,058 205.00 220.50 216.02 171C 3 Round, eye of round (IM) 9 12,110 279.58 292.00 282.86 174 3 Loin, short loin, 0x1 9 7,335 420.00 496.69 456.44 175 3 Loin, strip loin, 1x1 0 0 1 Loin, strip loin bnls. 1x1 180 3 Loin, strip, bnls, 0x1 9 16,220 415.00 450.50 434.48 184 1 Loin, top butt, bnls, heavy 3 2,611 225.00 251.75 229.85 184 3 Loin, top butt, boneless 11 48,761 225.00 261.00 234.20 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap 5 9,217 395.00 428.00 410.60 185B 1 Loin, ball-tip, bnls, heavy 5 6,540 207.00 224.00 215.25 185C 1 Loin, sirloin, tri-tip (IM) 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 4 4,323 880.00 950.50 890.89 191A 4 Loin, butt tender, trimmed 3 9,396 773.00 804.12 787.64 193 4 Flank, flank steak (IM) 8 26,351 375.00 419.80 385.42 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 3 3,496 116.00 126.76 126.51 121D 4 Plate, Inside Skirt (IM) 14 41,158 340.00 374.59 351.99 121C 4 Plate, Outside Skirt (IM) 18 42,477 447.00 541.00 465.09 121E 6 Outside Skirt, pld (IM) 9 7,032 701.08 721.88 713.54 Cap, Wedge Meat & (IM) Lean 18 93,317 257.00 276.00 260.10 Pectoral Meat 19 33,673 261.00 287.25 274.71 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 11 141,060 124.00 143.00 134.65 Ground Beef 75% Ground Beef 81% 17 93,253 153.00 179.00 165.54 Ground Beef 85% Ground Beef 90% Ground Beef 93% 4 12,617 278.00 297.70 285.30 Ground Beef Chuck 80% 6 27,575 153.00 180.20 173.73 Ground Beef Round 85% 3 6,919 232.44 253.75 242.88 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% 0 0 Blended Ground Beef 93% Blended Ground Beef Chuck 80% 0 0 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 29 869,362 48.00 63.00 52.22 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 .