LM_XB403 Des Moines, IA Wed, Apr 17, 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 firm on Choice and lower on Select on light to moderate demand and heavy offerings. Select and Choice rib, chuck, and round cuts steady to weak. Choice loin cuts higher while Select weak. Beef trimmings sharply lower on light to moderate demand and offerings CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 232.76 220.16 Change from prior day: 0.71 (0.99) -------------------------------------------------------------------------------- Choice/Select spread: 12.60 Total Load Count (Cuts, Trimmings, Grinds): 184 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 393.47 363.59 Primal Chuck 178.93 176.36 Primal Round 173.34 174.34 Primal Loin 330.07 290.03 Primal Brisket 192.28 190.48 Primal Short Plate 174.44 174.44 Primal Flank 123.67 121.97 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 04/16 78 33 22 22 156 232.05 221.15 04/15 45 21 13 14 93 230.98 221.22 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 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 229.93 220.59 -------------------------------------------------------------------------------- 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 112.75 loads 4,509,851 pounds Select Cuts 26.67 loads 1,066,815 pounds Trimmings 13.87 loads 554,625 pounds Ground Beef 30.42 loads 1,216,798 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 48 347,692 734.37 795.00 749.70 112A 3 Rib, ribeye, bnls, light 17 122,467 839.64 875.25 850.90 112A 3 Rib, ribeye, bnls, heavy 65 44,618 820.00 865.00 844.24 113C 1 Chuck, semi-bnls, neck/off 4 15,284 229.38 263.00 232.44 114 1 Chuck, shoulder clod 7 42,814 213.00 230.00 218.58 114A 3 Chuck, shoulder clod, trmd 39 244,018 225.66 245.00 231.12 114D 3 Chuck, clod, top blade 7 20,379 380.66 394.92 384.34 114E 3 Chuck, clod, arm roast 4 2,770 255.00 260.00 255.32 114F 5 Chuck, clod tender (IM) 8 7,259 526.20 550.00 539.31 116A 3 Chuck, roll, lxl, neck/off 81 128,041 247.00 287.00 262.36 116B 1 Chuck, chuck tender (IM) 34 54,961 235.00 260.00 242.68 3 Chuck roll, retail ready 4 10,819 284.00 295.00 287.31 116G 4 Chuck, flap (IM) 14 67,367 517.59 574.04 563.38 120 1 Brisket, deckle-off, bnls 77 173,446 260.00 290.00 273.76 120A 3 Brisket, point/off, bnls 10 16,024 450.00 473.00 458.31 123A 3 Short Plate, short rib 33 12,149 567.00 594.64 573.89 130 4 Chuck, short rib 45 47,128 330.00 365.00 343.88 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 78 127,886 239.69 268.00 249.30 168 1 Round, top inside round 80 552,640 215.54 232.27 216.94 168 3 Round, top inside round 31 238,612 222.67 243.00 224.23 169 5 Round, top inside, denuded 13 64,316 243.37 282.00 252.22 169A 5 Round, top inside, cap off 7 16,041 291.00 327.00 301.71 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 5 22,914 193.00 210.00 195.90 171B 3 Round, outside round 50 233,071 200.00 220.00 203.34 171C 3 Round, eye of round (IM) 67 139,355 220.64 262.00 230.18 174 3 Loin, short loin, 0x1 22 398,070 635.00 678.02 661.99 175 3 Loin, strip loin, 1x1 7 234,876 637.80 653.98 639.81 1 Loin, strip loin bnls. 1x1 4 1,928 710.00 716.75 710.59 180 3 Loin, strip, bnls, 0x1 73 53,240 765.00 830.00 787.03 184 1 Loin, top butt, bnls, heavy 5 12,739 341.92 373.00 345.48 184 3 Loin, top butt, boneless 68 396,700 349.00 388.00 364.69 184B 3 Loin, top butt, CC (IM) 4 1,394 460.00 510.00 498.20 185A 4 Loin, bottom sirloin, flap 28 128,984 575.00 649.25 595.42 185B 1 Loin, ball-tip, bnls, heavy 23 37,630 248.00 275.00 263.87 185C 1 Loin, sirloin, tri-tip (IM) 13 92,991 376.08 410.00 377.38 185D 4 Loin, tri-tip, pld (IM) 18 46,944 496.00 546.75 533.46 189A 4 Loin, tndrloin, trmd, heavy 77 123,723 950.00 1130.25 970.90 191A 4 Loin, butt tender, trimmed 4 2,485 962.00 972.74 966.45 193 4 Flank, flank steak (IM) 15 49,737 504.00 542.50 525.33 -------------------------------------------------------------------------------- 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 4 14,967 621.54 679.88 627.83 112A 3 Rib, ribeye, bnls, light 17 69,722 768.87 800.00 775.39 112A 3 Rib, ribeye, bnls, heavy 13 26,463 755.00 799.88 774.53 113C 1 Chuck, semi-bnls, neck/off 114 1 Chuck, shoulder clod 114A 3 Chuck, shoulder clod, trmd 5 16,607 229.62 239.30 231.24 114D 3 Chuck, clod, top blade 0 0 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 8 13,990 419.81 490.00 426.88 116A 3 Chuck, roll, lxl, neck/off 20 67,538 246.79 285.00 254.13 116B 1 Chuck, chuck tender (IM) 5 11,208 235.00 240.22 238.32 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 4 3,378 483.00 547.10 502.75 120 1 Brisket, deckle-off, bnls 10 59,383 264.64 281.00 267.02 120A 3 Brisket, point/off, bnls 123A 3 Short Plate, short rib 130 4 Chuck, short rib 4 6,744 315.00 319.31 318.90 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 19 92,697 239.69 261.25 245.89 168 1 Round, top inside round 6 7,436 219.19 232.27 226.00 168 3 Round, top inside round 10 59,043 221.79 232.00 223.36 169 5 Round, top inside, denuded 169A 5 Round, top inside, cap off 0 0 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 3 48,633 190.00 193.00 192.50 171B 3 Round, outside round 20 56,673 195.70 210.00 203.85 171C 3 Round, eye of round (IM) 12 37,750 225.23 248.12 235.03 174 3 Loin, short loin, 0x1 11 4,392 515.57 549.27 530.85 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 180 3 Loin, strip, bnls, 0x1 22 37,344 513.00 575.00 541.91 184 1 Loin, top butt, bnls, heavy 15 5,430 338.00 355.00 338.70 184 3 Loin, top butt, boneless 12 31,153 330.00 379.88 342.58 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap 3 10,520 566.50 572.00 569.89 185B 1 Loin, ball-tip, bnls, heavy 7 106,534 244.95 265.00 249.95 185C 1 Loin, sirloin, tri-tip (IM) 185D 4 Loin, tri-tip, pld (IM) 0 0 189A 4 Loin, tndrloin, trmd, heavy 22 46,728 950.00 1089.25 958.94 191A 4 Loin, butt tender, trimmed 8 19,291 899.70 969.75 917.66 193 4 Flank, flank steak (IM) 5 3,028 502.00 521.25 516.76 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 121D 4 Plate, Inside Skirt (IM) 25 109,647 448.30 500.00 464.75 121C 4 Plate, Outside Skirt (IM) 17 16,582 749.15 841.00 795.10 121E 6 Outside Skirt, pld (IM) 7 8,872 990.76 1185.00 1056.67 Cap, Wedge Meat & (IM) Lean 25 129,999 302.00 332.00 308.43 Pectoral Meat 26 54,490 315.52 351.00 325.93 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 22 75,396 171.00 196.27 183.65 Ground Beef 75% Ground Beef 81% 71 213,029 181.25 227.25 202.27 Ground Beef 85% Ground Beef 90% Ground Beef 93% 12 36,216 291.82 315.34 307.34 Ground Beef Chuck 80% 14 56,584 204.56 231.27 209.96 Ground Beef Round 85% 6 3,846 245.00 263.22 257.65 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 14 387,925 84.00 96.25 89.56 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 .