LM_XB403 Des Moines, IA Wed, Oct 18, 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. Select and Choice rib cuts steady while chuck, round, and loin cuts steady to weak. Beef trimmings unevenly steady on moderate demand and offerings. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 197.26 189.09 Change from prior day: (0.40) (0.76) -------------------------------------------------------------------------------- Choice/Select spread: 8.17 Total Load Count (Cuts, Trimmings, Grinds): 138 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 342.57 311.38 Primal Chuck 168.14 166.02 Primal Round 167.10 167.97 Primal Loin 241.98 222.85 Primal Brisket 159.36 159.39 Primal Short Plate 121.48 121.48 Primal Flank 94.00 90.60 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 10/17 62 26 16 16 119 197.66 189.85 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 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 197.69 189.73 -------------------------------------------------------------------------------- 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 72.82 loads 2,912,985 pounds Select Cuts 27.03 loads 1,081,130 pounds Trimmings 16.02 loads 640,606 pounds Ground Beef 22.62 loads 904,769 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 43 21,437 681.00 725.75 696.37 112A 3 Rib, ribeye, bnls, light 10 50,039 735.02 819.00 747.17 112A 3 Rib, ribeye, bnls, heavy 78 43,134 729.00 800.00 763.13 113C 1 Chuck, semi-bnls, neck/off 5 14,433 209.59 220.00 215.80 114 1 Chuck, shoulder clod 17 213,057 184.00 212.00 191.24 114A 3 Chuck, shoulder clod, trmd 39 190,860 193.00 215.00 200.56 114D 3 Chuck, clod, top blade 7 45,063 297.50 319.00 302.39 114E 3 Chuck, clod, arm roast 6 5,966 255.00 277.00 261.14 114F 5 Chuck, clod tender (IM) 12 3,832 345.00 373.74 358.35 116A 3 Chuck, roll, lxl, neck/off 84 166,991 290.00 340.82 313.37 116B 1 Chuck, chuck tender (IM) 45 82,151 214.90 242.64 220.82 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 8 12,327 550.47 602.50 564.69 120 1 Brisket, deckle-off, bnls 84 131,327 220.00 254.00 237.71 120A 3 Brisket, point/off, bnls 8 6,239 419.80 446.00 434.98 123A 3 Short Plate, short rib 28 25,145 400.00 500.00 469.53 130 4 Chuck, short rib 51 36,073 312.00 375.00 327.05 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 81 192,836 220.00 254.25 227.20 168 1 Round, top inside round 62 53,979 207.89 221.00 213.20 168 3 Round, top inside round 33 164,923 211.00 225.00 213.75 169 5 Round, top inside, denuded 19 36,846 235.00 266.50 246.03 169A 5 Round, top inside, cap off 4 5,222 288.00 302.00 290.36 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 5 5,368 204.00 213.75 211.37 171B 3 Round, outside round 33 306,959 198.65 221.00 202.15 171C 3 Round, eye of round (IM) 74 155,072 264.00 292.00 271.22 174 3 Loin, short loin, 0x1 24 252,271 434.07 496.25 443.45 175 3 Loin, strip loin, 1x1 7 24,644 392.08 447.25 402.19 1 Loin, strip loin bnls. 1x1 4 10,364 451.30 489.00 453.32 180 3 Loin, strip, bnls, 0x1 91 73,860 475.00 557.00 517.78 184 1 Loin, top butt, bnls, heavy 9 6,029 240.00 255.00 244.06 184 3 Loin, top butt, boneless 52 89,967 233.00 272.00 244.45 184B 3 Loin, top butt, CC (IM) 5 2,828 343.00 376.50 361.82 185A 4 Loin, bottom sirloin, flap 35 120,045 395.00 486.50 423.07 185B 1 Loin, ball-tip, bnls, heavy 28 75,580 215.00 232.89 222.46 185C 1 Loin, sirloin, tri-tip (IM) 5 9,064 261.00 286.25 277.62 185D 4 Loin, tri-tip, pld (IM) 22 34,055 370.00 394.51 391.39 189A 4 Loin, tndrloin, trmd, heavy 56 33,335 926.87 1050.50 973.84 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) 19 34,639 380.00 456.75 397.23 -------------------------------------------------------------------------------- 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 5 15,599 556.73 630.00 575.83 112A 3 Rib, ribeye, bnls, light 8 7,551 640.00 735.00 712.23 112A 3 Rib, ribeye, bnls, heavy 16 31,636 640.00 706.00 683.48 113C 1 Chuck, semi-bnls, neck/off 8 19,958 211.25 218.00 215.02 114 1 Chuck, shoulder clod 6 8,532 190.00 215.00 197.76 114A 3 Chuck, shoulder clod, trmd 11 37,348 195.00 227.00 200.82 114D 3 Chuck, clod, top blade 0 0 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 3 3,320 336.00 369.25 346.61 116A 3 Chuck, roll, lxl, neck/off 26 128,631 289.83 335.00 297.61 116B 1 Chuck, chuck tender (IM) 6 18,259 214.90 237.00 219.36 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 120 1 Brisket, deckle-off, bnls 13 24,794 228.00 255.00 237.79 120A 3 Brisket, point/off, bnls 123A 3 Short Plate, short rib 130 4 Chuck, short rib 6 8,799 313.00 320.33 318.25 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 6 8,553 217.00 260.00 227.31 168 1 Round, top inside round 7 43,925 210.00 220.82 210.20 168 3 Round, top inside round 16 95,135 210.00 228.75 214.98 169 5 Round, top inside, denuded 3 1,753 257.82 265.00 262.30 169A 5 Round, top inside, cap off 0 0 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 3 6,241 197.00 220.16 206.03 171B 3 Round, outside round 11 105,303 198.65 210.00 199.79 171C 3 Round, eye of round (IM) 16 19,870 261.00 285.25 271.35 174 3 Loin, short loin, 0x1 9 54,988 403.00 438.25 408.99 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 16 42,876 400.00 444.20 412.85 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 18 121,462 228.00 269.00 237.72 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap 8 26,221 385.00 444.25 417.16 185B 1 Loin, ball-tip, bnls, heavy 4 3,734 220.00 235.00 228.05 185C 1 Loin, sirloin, tri-tip (IM) 5 2,812 240.00 280.00 264.13 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 6 4,990 872.00 1001.75 956.44 191A 4 Loin, butt tender, trimmed 5 5,904 783.00 848.25 800.68 193 4 Flank, flank steak (IM) 12 28,173 372.56 431.50 380.43 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 5 56,301 109.00 120.00 110.34 121D 4 Plate, Inside Skirt (IM) 13 25,834 332.00 361.75 346.88 121C 4 Plate, Outside Skirt (IM) 17 20,555 435.00 531.00 471.28 121E 6 Outside Skirt, pld (IM) 7 19,929 665.39 735.00 675.28 Cap, Wedge Meat & (IM) Lean 39 112,007 248.00 282.77 264.53 Pectoral Meat 49 72,729 256.11 285.00 271.70 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 28 173,444 131.00 158.77 140.87 Ground Beef 75% Ground Beef 81% 59 264,265 156.15 183.75 164.75 Ground Beef 85% Ground Beef 90% 0 0 Ground Beef 93% 4 22,553 279.53 296.00 283.63 Ground Beef Chuck 80% 13 56,078 150.00 196.82 176.07 Ground Beef Round 85% 4 36,779 245.00 251.00 248.54 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 16 560,106 54.00 60.00 56.64 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 .