LM_XB403 Des Moines, IA Tue, Oct 17, 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 to lower on light to moderate demand and offerings. Choice rib, chuck, and round cuts weak to lower while Select steady to firm. Choice loin cuts firm while Select lower. Beef trimmings mostly moderately to sharply higher on good demand and moderate offerings. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 197.66 189.85 Change from prior day: (1.15) (0.72) -------------------------------------------------------------------------------- Choice/Select spread: 7.81 Total Load Count (Cuts, Trimmings, Grinds): 119 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 342.93 310.36 Primal Chuck 168.13 167.96 Primal Round 166.98 169.55 Primal Loin 244.02 223.02 Primal Brisket 158.97 159.25 Primal Short Plate 120.49 120.49 Primal Flank 95.38 90.29 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 10/16 42 20 24 12 97 198.81 190.57 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 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 197.64 189.77 -------------------------------------------------------------------------------- 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 61.61 loads 2,464,510 pounds Select Cuts 26.12 loads 1,044,740 pounds Trimmings 15.60 loads 623,980 pounds Ground Beef 16.15 loads 646,169 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 13 16,616 690.50 743.85 705.44 112A 3 Rib, ribeye, bnls, light 12 27,488 747.00 815.25 754.42 112A 3 Rib, ribeye, bnls, heavy 17 23,297 740.00 800.45 749.55 113C 1 Chuck, semi-bnls, neck/off 7 58,514 211.75 215.00 212.76 114 1 Chuck, shoulder clod 7 11,450 190.00 221.00 207.49 114A 3 Chuck, shoulder clod, trmd 21 210,581 193.66 220.25 197.46 114D 3 Chuck, clod, top blade 11 44,997 297.73 315.45 300.93 114E 3 Chuck, clod, arm roast 6 54,720 260.00 283.50 270.94 114F 5 Chuck, clod tender (IM) 116A 3 Chuck, roll, lxl, neck/off 26 84,941 295.00 338.70 308.10 116B 1 Chuck, chuck tender (IM) 18 81,678 215.00 236.00 222.25 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 7 25,450 509.00 570.56 525.09 120 1 Brisket, deckle-off, bnls 24 62,264 217.00 249.42 235.64 120A 3 Brisket, point/off, bnls 6 6,162 411.00 440.25 421.62 123A 3 Short Plate, short rib 7 9,770 480.00 500.00 489.52 130 4 Chuck, short rib 22 22,356 312.00 375.00 342.51 160 1 Round, bone-in 161 1 Round, boneless 0 0 167A 4 Round, knuckle, peeled 47 494,127 216.65 256.00 220.67 168 1 Round, top inside round 3 75,710 199.99 215.46 200.51 168 3 Round, top inside round 16 58,659 212.55 236.00 215.50 169 5 Round, top inside, denuded 4 1,613 256.00 265.00 260.25 169A 5 Round, top inside, cap off 9 65,234 255.00 317.10 284.00 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 3 1,170 199.19 226.00 215.61 171B 3 Round, outside round 29 250,205 198.06 224.42 205.13 171C 3 Round, eye of round (IM) 34 90,355 269.75 292.26 274.46 174 3 Loin, short loin, 0x1 14 69,822 433.46 477.00 457.02 175 3 Loin, strip loin, 1x1 4 67,994 395.59 405.38 400.84 1 Loin, strip loin bnls. 1x1 3 2,711 470.00 485.45 470.99 180 3 Loin, strip, bnls, 0x1 25 106,302 485.00 540.45 501.71 184 1 Loin, top butt, bnls, heavy 3 1,080 225.00 251.00 238.86 184 3 Loin, top butt, boneless 10 11,745 252.00 270.00 257.10 184B 3 Loin, top butt, CC (IM) 5 50,941 333.00 373.00 347.13 185A 4 Loin, bottom sirloin, flap 7 29,766 415.00 472.25 438.42 185B 1 Loin, ball-tip, bnls, heavy 13 18,230 208.00 235.20 218.89 185C 1 Loin, sirloin, tri-tip (IM) 6 51,358 268.00 291.31 284.07 185D 4 Loin, tri-tip, pld (IM) 5 3,383 374.00 394.42 381.72 189A 4 Loin, tndrloin, trmd, heavy 26 108,001 902.00 1040.25 942.33 191A 4 Loin, butt tender, trimmed 5 2,865 851.00 875.00 867.93 193 4 Flank, flank steak (IM) 11 5,346 388.00 439.00 418.30 -------------------------------------------------------------------------------- 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 59,387 567.11 615.00 575.58 112A 3 Rib, ribeye, bnls, light 10 23,070 661.00 713.00 676.97 112A 3 Rib, ribeye, bnls, heavy 5 3,253 654.19 686.56 666.13 113C 1 Chuck, semi-bnls, neck/off 114 1 Chuck, shoulder clod 114A 3 Chuck, shoulder clod, trmd 6 21,005 200.00 215.00 205.33 114D 3 Chuck, clod, top blade 0 0 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 5 11,349 339.91 345.00 341.88 116A 3 Chuck, roll, lxl, neck/off 14 79,421 288.96 330.28 313.29 116B 1 Chuck, chuck tender (IM) 6 10,166 221.89 236.83 227.87 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 8 6,817 495.49 548.41 516.43 120 1 Brisket, deckle-off, bnls 6 20,797 217.00 243.82 236.23 120A 3 Brisket, point/off, bnls 0 0 123A 3 Short Plate, short rib 130 4 Chuck, short rib 4 29,033 308.00 330.00 314.62 160 1 Round, bone-in 0 0 161 1 Round, boneless 0 0 167A 4 Round, knuckle, peeled 21 130,291 216.65 241.00 224.41 168 1 Round, top inside round 168 3 Round, top inside round 14 31,642 203.00 227.00 214.68 169 5 Round, top inside, denuded 169A 5 Round, top inside, cap off 14 33,412 284.19 294.17 292.42 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 0 0 171B 3 Round, outside round 5 10,411 202.50 220.00 211.60 171C 3 Round, eye of round (IM) 16 47,565 269.75 289.12 282.78 174 3 Loin, short loin, 0x1 12 73,548 409.00 430.00 414.29 175 3 Loin, strip loin, 1x1 0 0 1 Loin, strip loin bnls. 1x1 180 3 Loin, strip, bnls, 0x1 8 27,324 403.00 451.25 406.14 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 20 92,731 229.27 240.00 233.67 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap 6 7,761 384.32 426.00 395.67 185B 1 Loin, ball-tip, bnls, heavy 185C 1 Loin, sirloin, tri-tip (IM) 3 15,523 260.00 260.00 260.00 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 9 94,819 850.00 960.28 858.07 191A 4 Loin, butt tender, trimmed 4 4,591 790.00 801.83 791.98 193 4 Flank, flank steak (IM) 5 17,349 370.00 410.00 374.42 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 5 29,067 100.00 125.00 118.15 121D 4 Plate, Inside Skirt (IM) 8 26,833 336.75 358.50 349.29 121C 4 Plate, Outside Skirt (IM) 8 18,045 450.16 541.75 470.43 121E 6 Outside Skirt, pld (IM) 5 4,540 699.65 720.76 707.46 Cap, Wedge Meat & (IM) Lean 36 139,274 250.50 276.00 264.55 Pectoral Meat 19 44,663 261.60 285.00 271.28 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 11 107,153 130.50 157.50 136.21 Ground Beef 75% Ground Beef 81% 39 231,938 163.00 191.04 169.41 Ground Beef 85% Ground Beef 90% 0 0 Ground Beef 93% 3 1,206 293.50 307.00 302.61 Ground Beef Chuck 80% 9 61,895 172.28 184.00 176.97 Ground Beef Round 85% 7 28,971 239.87 260.08 250.38 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% Blended Ground Beef Round 85% Blended Ground Beef Sirloin 90% -------------------------------------------------------------------------------- BEEF TRIMMINGS - STEER/HEIFER SOURCE - Fresh Combos & Frozen Boxed -------------------------------------------------------------------------------- Fresh 50% lean trimmings 23 583,730 50.46 63.00 55.58 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 .