LM_XB403 Des Moines, IA Mon, Apr 15, 2019 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 steady on Select and sharply higher on Choice on moderate to good demand and moderate offerings. Select and Choice rib, round, and loin cuts steady to firm. Select chuck cut weak while Choice higher. Beef trimmings unevenly steady on moderate demand and offerings. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 230.98 221.22 Change from prior day: 2.23 0.20 -------------------------------------------------------------------------------- Choice/Select spread: 9.76 Total Load Count (Cuts, Trimmings, Grinds): 93 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 390.57 368.00 Primal Chuck 178.43 176.84 Primal Round 173.84 174.51 Primal Loin 324.20 292.07 Primal Brisket 192.85 191.76 Primal Short Plate 172.90 172.90 Primal Flank 121.03 121.73 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 04/12 73 17 9 21 120 228.75 221.02 04/11 64 11 0 36 111 228.83 219.95 04/10 77 36 6 20 140 229.05 219.62 04/09 69 22 5 20 116 228.32 218.80 04/08 61 25 8 22 117 228.67 220.88 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 228.72 220.06 -------------------------------------------------------------------------------- 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 44.88 loads 1,795,392 pounds Select Cuts 21.16 loads 846,296 pounds Trimmings 12.58 loads 503,131 pounds Ground Beef 14.29 loads 571,596 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 12 81,586 740.00 788.42 754.38 112A 3 Rib, ribeye, bnls, light 11 8,221 819.96 875.43 855.58 112A 3 Rib, ribeye, bnls, heavy 13 9,247 830.00 863.88 843.76 113C 1 Chuck, semi-bnls, neck/off 4 7,163 227.64 237.95 229.35 114 1 Chuck, shoulder clod 10 31,057 208.00 231.84 219.71 114A 3 Chuck, shoulder clod, trmd 11 72,037 223.00 243.56 234.01 114D 3 Chuck, clod, top blade 8 12,296 385.37 398.88 390.27 114E 3 Chuck, clod, arm roast 18 31,322 250.00 260.00 256.65 114F 5 Chuck, clod tender (IM) 10 18,261 475.00 558.00 505.23 116A 3 Chuck, roll, lxl, neck/off 18 41,956 256.25 269.50 261.08 116B 1 Chuck, chuck tender (IM) 9 55,512 234.43 257.95 238.40 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 15 17,151 549.37 573.58 565.22 120 1 Brisket, deckle-off, bnls 29 99,510 270.00 287.00 274.32 120A 3 Brisket, point/off, bnls 8 6,514 465.00 476.25 466.10 123A 3 Short Plate, short rib 18 40,049 489.10 584.15 532.63 130 4 Chuck, short rib 21 44,972 330.95 380.00 361.56 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 21 87,600 240.00 278.70 246.71 168 1 Round, top inside round 9 180,924 215.00 230.94 216.16 168 3 Round, top inside round 19 86,789 223.87 241.75 228.36 169 5 Round, top inside, denuded 169A 5 Round, top inside, cap off 11 29,912 293.00 322.00 302.48 3 Round, top inside, side off 170 1 Round, bottom gooseneck 4 21,622 190.59 201.75 200.04 171B 3 Round, outside round 18 106,691 201.00 217.95 206.66 171C 3 Round, eye of round (IM) 19 96,077 228.98 257.26 232.31 174 3 Loin, short loin, 0x1 10 113,409 620.75 660.98 634.33 175 3 Loin, strip loin, 1x1 0 0 1 Loin, strip loin bnls. 1x1 5 6,290 673.00 673.00 673.00 180 3 Loin, strip, bnls, 0x1 5 23,119 725.00 794.83 748.32 184 1 Loin, top butt, bnls, heavy 5 4,903 345.00 365.00 348.10 184 3 Loin, top butt, boneless 12 17,245 345.00 379.00 361.71 184B 3 Loin, top butt, CC (IM) 185A 4 Loin, bottom sirloin, flap 8 9,265 575.00 603.88 588.36 185B 1 Loin, ball-tip, bnls, heavy 11 142,924 246.13 280.00 252.33 185C 1 Loin, sirloin, tri-tip (IM) 7 20,721 355.00 424.86 393.76 185D 4 Loin, tri-tip, pld (IM) 8 7,894 475.69 516.75 494.17 189A 4 Loin, tndrloin, trmd, heavy 13 18,302 960.00 1029.00 985.89 191A 4 Loin, butt tender, trimmed 5 4,247 950.00 967.74 952.83 193 4 Flank, flank steak (IM) 14 29,091 500.00 541.75 514.84 -------------------------------------------------------------------------------- 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 6 10,867 678.00 702.00 687.98 112A 3 Rib, ribeye, bnls, light 5 13,088 751.37 793.88 783.07 112A 3 Rib, ribeye, bnls, heavy 12 19,719 766.25 825.42 797.78 113C 1 Chuck, semi-bnls, neck/off 114 1 Chuck, shoulder clod 4 15,675 210.00 223.30 213.28 114A 3 Chuck, shoulder clod, trmd 8 44,366 227.00 242.19 233.17 114D 3 Chuck, clod, top blade 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 6 9,016 437.77 445.37 441.35 116A 3 Chuck, roll, lxl, neck/off 12 97,989 249.87 270.42 256.83 116B 1 Chuck, chuck tender (IM) 7 21,862 235.00 250.00 239.50 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 11 24,015 525.45 550.76 526.91 120 1 Brisket, deckle-off, bnls 6 27,948 270.00 275.50 274.74 120A 3 Brisket, point/off, bnls 123A 3 Short Plate, short rib 130 4 Chuck, short rib 3 3,714 332.98 343.56 334.23 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 5 58,296 245.00 263.00 247.59 168 1 Round, top inside round 168 3 Round, top inside round 12 75,862 220.69 235.00 227.21 169 5 Round, top inside, denuded 169A 5 Round, top inside, cap off 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 5 4,516 197.58 204.68 201.58 171B 3 Round, outside round 8 36,716 201.25 214.50 205.02 171C 3 Round, eye of round (IM) 7 40,779 229.41 238.00 235.27 174 3 Loin, short loin, 0x1 4 11,494 517.90 565.42 536.42 175 3 Loin, strip loin, 1x1 0 0 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 9 10,798 540.00 590.98 563.90 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 9 22,931 347.00 376.24 358.76 184B 3 Loin, top butt, CC (IM) 185A 4 Loin, bottom sirloin, flap (IM) 185B 1 Loin, ball-tip, bnls, heavy 185C 1 Loin, sirloin, tri-tip (IM) 5 18,559 340.50 365.97 341.27 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 5 2,952 957.00 985.00 974.22 191A 4 Loin, butt tender, trimmed 4 2,721 925.37 975.90 955.78 193 4 Flank, flank steak (IM) 10 12,061 504.00 540.98 515.61 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 4 8,019 129.49 140.00 136.90 121D 4 Plate, Inside Skirt (IM) 19 90,411 458.82 486.25 465.91 121C 4 Plate, Outside Skirt (IM) 8 3,960 777.00 831.00 804.14 121E 6 Outside Skirt, pld (IM) 7 7,070 999.80 1038.51 1021.07 Cap, Wedge Meat & (IM) Lean 23 83,915 275.00 328.00 305.79 Pectoral Meat 9 37,185 325.98 351.00 330.45 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 7 39,427 175.00 195.14 188.84 Ground Beef 75% Ground Beef 81% 26 128,136 194.00 227.00 204.61 Ground Beef 85% Ground Beef 90% 0 0 Ground Beef 93% 4 26,259 295.00 310.00 304.82 Ground Beef Chuck 80% 6 51,176 198.00 220.14 211.97 Ground Beef Round 85% 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% Blended Ground Beef 93% 0 0 Blended Ground Beef Chuck 80% 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 16 503,131 87.08 94.23 88.86 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 .