LM_XB403 Des Moines, IA Thu, Apr 18, 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 weak on Select on light to moderate demand and moderate offerings. Select and Choice rib, round, and loin cuts steady while chuck cuts steady to weak. Beef trimmings unevenly steady on light demand and offerings. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 233.06 219.46 Change from prior day: 0.30 (0.70) -------------------------------------------------------------------------------- Choice/Select spread: 13.60 Total Load Count (Cuts, Trimmings, Grinds): 114 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 394.33 363.30 Primal Chuck 179.77 173.82 Primal Round 172.74 173.95 Primal Loin 330.53 291.04 Primal Brisket 193.03 189.95 Primal Short Plate 173.30 173.30 Primal Flank 124.55 123.81 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 04/17 113 27 14 30 184 232.76 220.16 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 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 230.67 220.70 -------------------------------------------------------------------------------- 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 64.45 loads 2,578,096 pounds Select Cuts 26.41 loads 1,056,283 pounds Trimmings 7.16 loads 286,256 pounds Ground Beef 15.60 loads 623,824 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 31 184,723 731.00 805.30 764.95 112A 3 Rib, ribeye, bnls, light 6 5,154 845.00 889.25 869.21 112A 3 Rib, ribeye, bnls, heavy 27 43,675 846.50 875.00 857.39 113C 1 Chuck, semi-bnls, neck/off 5 20,154 230.00 256.00 235.52 114 1 Chuck, shoulder clod 8 26,263 215.50 235.00 223.88 114A 3 Chuck, shoulder clod, trmd 11 44,388 227.00 251.00 234.69 114D 3 Chuck, clod, top blade 3 2,349 390.58 393.41 392.09 114E 3 Chuck, clod, arm roast 14 26,699 252.00 273.96 269.00 114F 5 Chuck, clod tender (IM) 6 4,094 540.00 558.00 541.25 116A 3 Chuck, roll, lxl, neck/off 25 43,821 250.50 286.25 267.40 116B 1 Chuck, chuck tender (IM) 23 83,185 230.00 257.25 234.32 3 Chuck roll, retail ready 12 133,354 276.19 296.54 280.51 116G 4 Chuck, flap (IM) 4 10,557 557.00 570.00 564.25 120 1 Brisket, deckle-off, bnls 30 118,443 259.97 296.00 268.85 120A 3 Brisket, point/off, bnls 11 12,518 460.00 494.70 474.63 123A 3 Short Plate, short rib 12 10,599 521.00 591.75 548.21 130 4 Chuck, short rib 18 34,847 331.12 356.75 341.50 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 49 141,896 239.00 272.25 247.00 168 1 Round, top inside round 4 25,148 223.96 225.75 224.97 168 3 Round, top inside round 17 79,285 225.55 238.00 229.09 169 5 Round, top inside, denuded 19 114,110 255.00 277.00 259.49 169A 5 Round, top inside, cap off 4 6,484 305.00 322.26 310.97 3 Round, top inside, side off 170 1 Round, bottom gooseneck 5 20,920 189.54 204.25 197.76 171B 3 Round, outside round 22 125,292 200.00 215.00 202.40 171C 3 Round, eye of round (IM) 40 165,290 223.90 258.00 229.40 174 3 Loin, short loin, 0x1 16 106,028 635.00 686.50 648.43 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 3 1,456 710.00 710.00 710.00 180 3 Loin, strip, bnls, 0x1 40 359,976 759.25 805.00 790.23 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 28 143,328 352.94 387.25 368.08 184B 3 Loin, top butt, CC (IM) 4 13,028 468.00 540.25 502.36 185A 4 Loin, bottom sirloin, flap 11 21,997 594.00 632.00 602.83 185B 1 Loin, ball-tip, bnls, heavy 14 144,823 250.22 275.75 256.81 185C 1 Loin, sirloin, tri-tip (IM) 12 13,172 385.75 411.00 398.10 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 25 81,435 950.00 1111.00 973.59 191A 4 Loin, butt tender, trimmed 3 3,018 962.10 966.96 964.22 193 4 Flank, flank steak (IM) 4 2,521 527.00 556.25 539.04 -------------------------------------------------------------------------------- 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 3 1,016 673.72 694.25 684.17 112A 3 Rib, ribeye, bnls, light 6 42,665 775.00 809.86 777.04 112A 3 Rib, ribeye, bnls, heavy 10 11,536 766.25 808.27 797.95 113C 1 Chuck, semi-bnls, neck/off 0 0 114 1 Chuck, shoulder clod 4 6,187 215.50 236.50 218.39 114A 3 Chuck, shoulder clod, trmd 3 5,404 233.25 237.00 233.69 114D 3 Chuck, clod, top blade 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 116A 3 Chuck, roll, lxl, neck/off 25 339,185 247.00 281.50 250.31 116B 1 Chuck, chuck tender (IM) 15 103,757 225.00 245.50 229.52 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 6 9,947 525.46 614.25 551.75 120 1 Brisket, deckle-off, bnls 6 4,425 259.54 277.00 266.96 120A 3 Brisket, point/off, bnls 0 0 123A 3 Short Plate, short rib 130 4 Chuck, short rib 4 4,080 305.00 332.75 325.41 160 1 Round, bone-in 0 0 161 1 Round, boneless 0 0 167A 4 Round, knuckle, peeled 6 13,354 240.00 276.50 248.26 168 1 Round, top inside round 0 0 168 3 Round, top inside round 12 127,939 223.72 236.75 226.47 169 5 Round, top inside, denuded 3 3,284 254.00 286.75 268.76 169A 5 Round, top inside, cap off 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 171B 3 Round, outside round 3 2,483 205.00 221.50 216.06 171C 3 Round, eye of round (IM) 4 3,698 235.50 245.00 237.59 174 3 Loin, short loin, 0x1 9 33,704 507.31 565.25 512.33 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 180 3 Loin, strip, bnls, 0x1 15 43,004 523.94 565.00 541.38 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 6 22,057 349.00 376.00 353.93 184B 3 Loin, top butt, CC (IM) 3 29,377 455.00 455.00 455.00 185A 4 Loin, bottom sirloin, flap 6 4,247 578.63 647.25 626.11 185B 1 Loin, ball-tip, bnls, heavy 6 4,987 249.86 278.72 255.92 185C 1 Loin, sirloin, tri-tip (IM) 4 9,428 328.00 363.72 350.23 185D 4 Loin, tri-tip, pld (IM) 0 0 189A 4 Loin, tndrloin, trmd, heavy 10 6,052 956.02 1091.75 974.06 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) 5 5,446 504.54 536.00 523.73 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 5 46,550 130.00 140.00 130.72 121D 4 Plate, Inside Skirt (IM) 11 59,609 432.00 489.50 448.98 121C 4 Plate, Outside Skirt (IM) 17 17,611 748.00 822.00 783.96 121E 6 Outside Skirt, pld (IM) Cap, Wedge Meat & (IM) Lean 28 120,047 292.00 336.00 307.16 Pectoral Meat 13 28,599 317.00 336.75 324.62 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 11 56,124 173.10 197.75 183.37 Ground Beef 75% Ground Beef 81% 27 186,598 183.00 218.00 201.40 Ground Beef 85% Ground Beef 90% Ground Beef 93% 7 18,747 275.00 309.25 291.72 Ground Beef Chuck 80% 8 61,628 201.00 214.50 210.98 Ground Beef Round 85% 4 10,653 256.00 260.00 258.29 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% 0 0 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 12 286,256 85.00 93.50 89.20 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 .