LM_XB403 Des Moines, IA Mon, Apr 22, 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 higher on Choice and sharply higher on Select on moderate to good demand and light offerings. Select and Choice chuck and round cuts steady while loin cuts higher. Choice rib 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: 234.48 222.64 Change from prior day: 0.83 2.15 -------------------------------------------------------------------------------- Choice/Select spread: 11.84 Total Load Count (Cuts, Trimmings, Grinds): 72 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 394.40 370.71 Primal Chuck 179.79 176.00 Primal Round 173.97 172.69 Primal Loin 335.05 300.18 Primal Brisket 192.64 189.75 Primal Short Plate 175.16 175.16 Primal Flank 126.27 120.92 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 04/19 45 17 0 16 79 233.65 220.49 04/18 64 26 7 16 114 233.06 219.46 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 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 232.50 220.50 -------------------------------------------------------------------------------- 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 28.48 loads 1,139,018 pounds Select Cuts 27.37 loads 1,094,658 pounds Trimmings 9.23 loads 369,072 pounds Ground Beef 6.72 loads 268,615 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 9 15,689 748.00 799.42 782.24 112A 3 Rib, ribeye, bnls, light 5 2,191 877.00 893.82 889.28 112A 3 Rib, ribeye, bnls, heavy 13 12,138 849.76 895.00 872.00 113C 1 Chuck, semi-bnls, neck/off 5 20,143 226.00 237.94 229.07 114 1 Chuck, shoulder clod 6 21,994 220.00 231.84 227.18 114A 3 Chuck, shoulder clod, trmd 7 34,108 225.00 250.00 230.86 114D 3 Chuck, clod, top blade 9 11,348 371.68 400.69 382.51 114E 3 Chuck, clod, arm roast 16 8,730 254.00 260.00 259.38 114F 5 Chuck, clod tender (IM) 8 10,177 471.25 555.00 488.36 116A 3 Chuck, roll, lxl, neck/off 15 66,777 260.25 276.75 261.55 116B 1 Chuck, chuck tender (IM) 8 41,255 230.94 257.94 233.47 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 19 26,686 495.12 666.25 569.53 120 1 Brisket, deckle-off, bnls 20 60,272 265.00 301.75 273.59 120A 3 Brisket, point/off, bnls 5 4,630 460.00 469.00 464.21 123A 3 Short Plate, short rib 22 36,717 550.75 591.00 573.85 130 4 Chuck, short rib 22 35,771 321.00 380.05 368.85 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 16 60,032 235.00 271.75 247.62 168 1 Round, top inside round 3 11,452 225.00 225.00 225.00 168 3 Round, top inside round 12 27,869 227.00 241.75 231.12 169 5 Round, top inside, denuded 169A 5 Round, top inside, cap off 7 19,402 267.90 310.00 290.90 3 Round, top inside, side off 170 1 Round, bottom gooseneck 3 2,574 191.25 211.75 200.48 171B 3 Round, outside round 17 75,706 198.75 221.75 205.74 171C 3 Round, eye of round (IM) 12 19,932 226.00 257.26 235.03 174 3 Loin, short loin, 0x1 4 16,238 658.00 687.45 683.15 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 12 29,427 774.00 835.00 813.35 184 1 Loin, top butt, bnls, heavy 4 5,518 345.00 345.00 345.00 184 3 Loin, top butt, boneless 14 20,466 353.69 388.00 376.42 184B 3 Loin, top butt, CC (IM) 185A 4 Loin, bottom sirloin, flap 8 39,095 593.00 662.50 609.13 185B 1 Loin, ball-tip, bnls, heavy 7 20,303 257.27 276.75 264.74 185C 1 Loin, sirloin, tri-tip (IM) 6 26,442 375.92 400.00 383.28 185D 4 Loin, tri-tip, pld (IM) 8 14,817 483.00 557.00 515.45 189A 4 Loin, tndrloin, trmd, heavy 13 81,607 965.00 1030.00 976.93 191A 4 Loin, butt tender, trimmed 4 9,317 960.00 971.94 963.62 193 4 Flank, flank steak (IM) 8 11,696 522.00 544.25 535.77 -------------------------------------------------------------------------------- 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 2,371 709.22 712.64 710.31 112A 3 Rib, ribeye, bnls, light 7 45,376 770.00 813.89 793.63 112A 3 Rib, ribeye, bnls, heavy 8 26,569 783.00 835.86 811.41 113C 1 Chuck, semi-bnls, neck/off 0 0 114 1 Chuck, shoulder clod 12 210,998 212.93 230.00 217.63 114A 3 Chuck, shoulder clod, trmd 4 26,931 223.23 240.37 231.30 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 14 150,222 249.63 265.00 253.69 116B 1 Chuck, chuck tender (IM) 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 10 16,746 523.99 556.29 532.50 120 1 Brisket, deckle-off, bnls 5 42,896 265.00 275.95 266.87 120A 3 Brisket, point/off, bnls 0 0 123A 3 Short Plate, short rib 130 4 Chuck, short rib 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 5 15,541 236.78 258.00 247.48 168 1 Round, top inside round 168 3 Round, top inside round 7 53,789 220.78 235.37 224.70 169 5 Round, top inside, denuded 4 8,957 264.15 284.00 276.92 169A 5 Round, top inside, cap off 3 11,683 267.90 310.00 273.21 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 8 6,954 189.52 211.42 201.54 171B 3 Round, outside round 3 5,981 205.23 220.99 210.80 171C 3 Round, eye of round (IM) 6 28,006 230.00 246.25 231.55 174 3 Loin, short loin, 0x1 7 8,550 530.00 580.37 551.76 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 19 134,822 535.00 579.00 564.81 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 5 5,167 356.50 381.31 373.48 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap 3 3,643 608.00 630.00 619.51 185B 1 Loin, ball-tip, bnls, heavy 185C 1 Loin, sirloin, tri-tip (IM) 3 19,191 362.12 424.80 423.22 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 191A 4 Loin, butt tender, trimmed 9 14,596 926.37 955.00 943.37 193 4 Flank, flank steak (IM) 4 2,764 515.00 540.00 527.23 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 5 49,623 100.00 147.62 105.52 121D 4 Plate, Inside Skirt (IM) 23 155,065 447.00 491.75 470.75 121C 4 Plate, Outside Skirt (IM) 9 5,648 768.50 851.00 824.33 121E 6 Outside Skirt, pld (IM) 10 9,298 994.85 1031.74 1013.82 Cap, Wedge Meat & (IM) Lean 15 32,315 290.00 328.00 306.26 Pectoral Meat 14 87,962 314.00 345.00 318.89 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% Ground Beef 75% 0 0 Ground Beef 81% 10 67,071 195.35 219.00 200.98 Ground Beef 85% 0 0 Ground Beef 90% 0 0 Ground Beef 93% Ground Beef Chuck 80% 6 83,055 207.75 221.00 215.85 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% 0 0 Blended Ground Beef 81% Blended Ground Beef 85% Blended Ground Beef 90% Blended Ground Beef 93% 0 0 Blended Ground Beef Chuck 80% 0 0 Blended Ground Beef Round 85% 0 0 Blended Ground Beef Sirloin 90% 0 0 -------------------------------------------------------------------------------- BEEF TRIMMINGS - STEER/HEIFER SOURCE - Fresh Combos & Frozen Boxed -------------------------------------------------------------------------------- Fresh 50% lean trimmings 15 369,072 90.12 95.75 92.00 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 .