LM_XB403 Des Moines, IA Thu, Oct 19, 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 higher to sharply higher on moderate to good demand and moderate to heavy offerings. Select and Choice rib cuts firm to higher while chuck and round cuts steady. Choice loin cuts steady while Select higher. Beef trimmings sharply higher on good demand and light to moderate offerings. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 199.57 190.76 Change from prior day: 2.31 1.67 -------------------------------------------------------------------------------- Choice/Select spread: 8.81 Total Load Count (Cuts, Trimmings, Grinds): 149 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 358.36 314.79 Primal Chuck 168.06 166.22 Primal Round 168.16 168.08 Primal Loin 242.76 227.43 Primal Brisket 160.22 160.75 Primal Short Plate 122.86 122.86 Primal Flank 93.78 92.33 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 10/18 73 27 16 23 138 197.26 189.09 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 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 197.88 189.80 -------------------------------------------------------------------------------- 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 92.61 loads 3,704,574 pounds Select Cuts 28.77 loads 1,150,949 pounds Trimmings 8.09 loads 323,455 pounds Ground Beef 19.22 loads 768,729 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 59 598,123 692.00 745.76 713.74 112A 3 Rib, ribeye, bnls, light 6 16,848 747.00 790.00 767.66 112A 3 Rib, ribeye, bnls, heavy 18 29,450 737.00 802.00 761.65 113C 1 Chuck, semi-bnls, neck/off 8 40,788 213.00 218.91 213.95 114 1 Chuck, shoulder clod 10 23,097 190.00 206.50 196.90 114A 3 Chuck, shoulder clod, trmd 16 54,775 190.75 215.00 200.53 114D 3 Chuck, clod, top blade 114E 3 Chuck, clod, arm roast 4 3,575 250.75 280.75 257.05 114F 5 Chuck, clod tender (IM) 8 9,676 360.00 374.25 362.82 116A 3 Chuck, roll, lxl, neck/off 44 301,761 285.50 340.60 304.75 116B 1 Chuck, chuck tender (IM) 19 44,352 217.00 235.00 227.32 3 Chuck roll, retail ready 9 63,042 336.47 360.64 344.01 116G 4 Chuck, flap (IM) 120 1 Brisket, deckle-off, bnls 35 362,279 233.53 257.75 238.37 120A 3 Brisket, point/off, bnls 123A 3 Short Plate, short rib 7 9,014 425.00 503.75 464.40 130 4 Chuck, short rib 31 86,214 301.00 375.00 334.47 160 1 Round, bone-in 0 0 161 1 Round, boneless 167A 4 Round, knuckle, peeled 57 241,756 218.00 261.50 226.55 168 1 Round, top inside round 11 39,859 205.00 220.00 210.25 168 3 Round, top inside round 29 157,737 210.00 240.00 214.19 169 5 Round, top inside, denuded 27 124,531 244.47 265.00 249.91 169A 5 Round, top inside, cap off 8 78,042 278.75 292.75 282.23 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 7 5,930 194.52 216.75 206.10 171B 3 Round, outside round 31 136,518 200.00 231.50 206.79 171C 3 Round, eye of round (IM) 61 215,926 262.00 296.50 271.59 174 3 Loin, short loin, 0x1 30 196,576 437.00 497.63 446.04 175 3 Loin, strip loin, 1x1 6 19,417 410.64 451.00 427.48 1 Loin, strip loin bnls. 1x1 3 4,108 465.75 479.15 466.33 180 3 Loin, strip, bnls, 0x1 37 121,260 480.00 540.00 498.59 184 1 Loin, top butt, bnls, heavy 3 1,239 240.00 251.75 243.75 184 3 Loin, top butt, boneless 40 174,797 240.00 270.13 250.65 184B 3 Loin, top butt, CC (IM) 7 38,577 350.00 385.00 356.83 185A 4 Loin, bottom sirloin, flap 14 24,813 393.00 440.00 415.59 185B 1 Loin, ball-tip, bnls, heavy 15 47,949 210.75 231.50 217.16 185C 1 Loin, sirloin, tri-tip (IM) 9 13,876 269.00 285.00 278.56 185D 4 Loin, tri-tip, pld (IM) 10 16,591 330.00 390.75 363.40 189A 4 Loin, tndrloin, trmd, heavy 43 179,266 920.00 1050.00 955.65 191A 4 Loin, butt tender, trimmed 6 5,078 850.00 883.18 861.66 193 4 Flank, flank steak (IM) 16 77,776 380.00 449.25 395.32 -------------------------------------------------------------------------------- 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 62,247 576.00 630.00 593.48 112A 3 Rib, ribeye, bnls, light 7 20,851 659.60 712.00 670.78 112A 3 Rib, ribeye, bnls, heavy 10 9,070 680.00 727.00 694.46 113C 1 Chuck, semi-bnls, neck/off 7 71,312 211.75 218.00 212.61 114 1 Chuck, shoulder clod 7 20,151 187.25 206.50 197.03 114A 3 Chuck, shoulder clod, trmd 3 6,627 200.00 205.00 202.09 114D 3 Chuck, clod, top blade 0 0 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 116A 3 Chuck, roll, lxl, neck/off 21 120,960 290.00 335.00 295.64 116B 1 Chuck, chuck tender (IM) 6 13,224 219.00 241.50 226.44 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 4 3,390 500.00 540.00 524.75 120 1 Brisket, deckle-off, bnls 4 7,975 230.00 245.60 242.95 120A 3 Brisket, point/off, bnls 0 0 123A 3 Short Plate, short rib 130 4 Chuck, short rib 3 31,995 301.00 316.87 314.12 160 1 Round, bone-in 0 0 161 1 Round, boneless 0 0 167A 4 Round, knuckle, peeled 11 37,732 218.00 261.50 229.14 168 1 Round, top inside round 6 68,818 206.30 210.00 209.97 168 3 Round, top inside round 13 25,814 212.00 222.00 216.15 169 5 Round, top inside, denuded 169A 5 Round, top inside, cap off 6 17,824 278.75 301.50 282.67 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 171B 3 Round, outside round 21 109,580 197.03 215.00 202.20 171C 3 Round, eye of round (IM) 8 10,438 273.04 290.30 277.29 174 3 Loin, short loin, 0x1 9 38,502 400.00 440.00 407.95 175 3 Loin, strip loin, 1x1 0 0 1 Loin, strip loin bnls. 1x1 180 3 Loin, strip, bnls, 0x1 14 42,729 404.40 441.75 416.30 184 1 Loin, top butt, bnls, heavy 12 14,324 228.00 251.75 229.10 184 3 Loin, top butt, boneless 10 52,055 229.41 262.25 232.08 184B 3 Loin, top butt, CC (IM) 185A 4 Loin, bottom sirloin, flap 7 46,026 384.59 446.25 418.84 185B 1 Loin, ball-tip, bnls, heavy 4 10,537 218.90 230.00 229.31 185C 1 Loin, sirloin, tri-tip (IM) 12 119,902 240.00 280.00 265.08 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 5 25,193 910.00 1029.25 932.52 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) 5 6,451 393.00 440.50 413.35 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 5 19,631 108.00 124.76 110.52 121D 4 Plate, Inside Skirt (IM) 15 61,124 341.75 365.00 350.54 121C 4 Plate, Outside Skirt (IM) 19 26,790 450.00 541.00 486.84 121E 6 Outside Skirt, pld (IM) 4 17,325 646.63 735.00 668.40 Cap, Wedge Meat & (IM) Lean 20 79,592 251.30 281.00 267.66 Pectoral Meat 31 66,729 265.00 291.50 270.26 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 21 228,547 131.00 150.62 137.76 Ground Beef 75% Ground Beef 81% 30 227,146 159.00 177.25 168.48 Ground Beef 85% Ground Beef 90% Ground Beef 93% 13 17,491 285.00 306.54 293.18 Ground Beef Chuck 80% 15 156,265 166.00 189.62 176.11 Ground Beef Round 85% 5 7,221 248.00 255.00 250.73 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% Blended Ground Beef Sirloin 90% 0 0 -------------------------------------------------------------------------------- BEEF TRIMMINGS - STEER/HEIFER SOURCE - Fresh Combos & Frozen Boxed -------------------------------------------------------------------------------- Fresh 50% lean trimmings 11 323,455 57.75 62.00 59.52 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 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 .