LM_XB403 Des Moines, IA Tue, Apr 23, 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 weak to lower on light to moderate demand and offerings. Select and Choice rib, chuck, and round cuts steady to weak. Select loin cuts lower while Choice steady. Beef trimmings sharply lower on moderate demand and heavy offerings. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 234.11 221.26 Change from prior day: (0.37) (1.38) -------------------------------------------------------------------------------- Choice/Select spread: 12.85 Total Load Count (Cuts, Trimmings, Grinds): 116 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 390.83 364.05 Primal Chuck 180.11 176.85 Primal Round 173.52 173.26 Primal Loin 335.99 295.82 Primal Brisket 191.18 188.58 Primal Short Plate 174.51 174.51 Primal Flank 124.97 122.14 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 04/22 28 27 9 7 72 234.48 222.64 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 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 233.20 220.78 -------------------------------------------------------------------------------- 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 56.16 loads 2,246,242 pounds Select Cuts 32.28 loads 1,291,121 pounds Trimmings 17.54 loads 701,461 pounds Ground Beef 10.44 loads 417,686 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 7,374 748.00 797.25 763.40 112A 3 Rib, ribeye, bnls, light 6 141,400 845.00 882.25 852.85 112A 3 Rib, ribeye, bnls, heavy 32 114,919 845.00 909.55 852.44 113C 1 Chuck, semi-bnls, neck/off 114 1 Chuck, shoulder clod 6 10,932 220.00 225.50 222.67 114A 3 Chuck, shoulder clod, trmd 11 15,588 225.75 252.00 233.62 114D 3 Chuck, clod, top blade 5 3,069 379.10 395.73 385.25 114E 3 Chuck, clod, arm roast 114F 5 Chuck, clod tender (IM) 6 6,898 478.37 554.63 511.03 116A 3 Chuck, roll, lxl, neck/off 41 123,540 249.00 282.25 261.00 116B 1 Chuck, chuck tender (IM) 16 53,291 227.00 257.25 231.77 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 4 5,990 562.00 568.42 562.79 120 1 Brisket, deckle-off, bnls 48 436,787 262.05 301.75 268.06 120A 3 Brisket, point/off, bnls 6 8,212 460.00 475.00 470.42 123A 3 Short Plate, short rib 12 22,293 534.85 594.55 565.40 130 4 Chuck, short rib 15 35,401 337.00 380.00 351.04 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 50 106,568 233.00 276.00 244.12 168 1 Round, top inside round 7 55,675 219.70 230.82 220.80 168 3 Round, top inside round 17 116,994 221.00 247.25 226.10 169 5 Round, top inside, denuded 5 26,753 247.00 281.00 251.88 169A 5 Round, top inside, cap off 6 22,168 293.00 320.74 302.38 3 Round, top inside, side off 170 1 Round, bottom gooseneck 3 4,840 193.00 201.75 193.33 171B 3 Round, outside round 27 126,130 201.25 222.00 205.14 171C 3 Round, eye of round (IM) 38 58,803 224.83 253.12 236.23 174 3 Loin, short loin, 0x1 10 94,564 664.15 691.25 686.13 175 3 Loin, strip loin, 1x1 0 0 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 14 17,765 771.00 843.00 805.21 184 1 Loin, top butt, bnls, heavy 5 3,732 355.00 369.82 359.29 184 3 Loin, top butt, boneless 16 45,961 350.00 380.50 362.74 184B 3 Loin, top butt, CC (IM) 3 1,435 520.00 542.00 540.67 185A 4 Loin, bottom sirloin, flap 5 40,811 589.40 635.00 596.01 185B 1 Loin, ball-tip, bnls, heavy 23 109,941 249.83 281.00 263.11 185C 1 Loin, sirloin, tri-tip (IM) 7 22,296 385.00 424.59 386.30 185D 4 Loin, tri-tip, pld (IM) 0 0 189A 4 Loin, tndrloin, trmd, heavy 14 20,591 969.83 1086.25 985.15 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) 16 33,537 506.00 561.00 524.11 -------------------------------------------------------------------------------- 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 2,216 714.62 724.15 716.39 112A 3 Rib, ribeye, bnls, light 18 141,329 743.00 825.11 765.71 112A 3 Rib, ribeye, bnls, heavy 22 42,483 743.00 829.55 773.33 113C 1 Chuck, semi-bnls, neck/off 3 7,819 231.48 241.00 232.88 114 1 Chuck, shoulder clod 114A 3 Chuck, shoulder clod, trmd 10 23,878 235.00 240.30 235.49 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 18 84,115 248.00 273.00 255.92 116B 1 Chuck, chuck tender (IM) 5 1,061 247.00 250.00 248.23 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 15 13,171 522.80 554.25 530.07 120 1 Brisket, deckle-off, bnls 8 80,041 259.00 276.46 263.59 120A 3 Brisket, point/off, bnls 0 0 123A 3 Short Plate, short rib 130 4 Chuck, short rib 5 4,229 320.00 340.36 335.60 160 1 Round, bone-in 0 0 161 1 Round, boneless 0 0 167A 4 Round, knuckle, peeled 13 19,584 236.00 270.12 246.98 168 1 Round, top inside round 7 7,776 219.83 233.00 226.03 168 3 Round, top inside round 17 43,758 218.00 239.56 224.66 169 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 3 2,392 190.00 211.91 195.55 171B 3 Round, outside round 11 69,723 201.25 220.99 203.55 171C 3 Round, eye of round (IM) 8 15,063 230.00 248.00 231.83 174 3 Loin, short loin, 0x1 11 92,818 518.14 565.25 519.92 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 12 37,916 535.00 575.11 567.11 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 9 6,910 343.08 365.00 354.37 184B 3 Loin, top butt, CC (IM) 3 82,246 460.00 460.00 460.00 185A 4 Loin, bottom sirloin, flap 9 23,899 575.00 640.00 591.87 185B 1 Loin, ball-tip, bnls, heavy 4 10,245 247.00 276.59 248.64 185C 1 Loin, sirloin, tri-tip (IM) 10 70,970 363.00 385.00 375.69 185D 4 Loin, tri-tip, pld (IM) 0 0 189A 4 Loin, tndrloin, trmd, heavy 14 33,875 940.00 1071.50 949.50 191A 4 Loin, butt tender, trimmed 5 8,737 929.83 952.37 946.36 193 4 Flank, flank steak (IM) 16 24,493 500.00 534.56 507.05 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 5 13,360 120.00 132.00 129.50 121D 4 Plate, Inside Skirt (IM) 21 127,427 445.30 519.15 461.29 121C 4 Plate, Outside Skirt (IM) 8 11,058 769.99 846.00 784.15 121E 6 Outside Skirt, pld (IM) 11 26,291 965.10 1031.74 982.70 Cap, Wedge Meat & (IM) Lean 29 356,993 288.70 332.00 295.09 Pectoral Meat 10 17,931 309.10 342.20 324.51 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 14 99,225 180.00 196.57 185.17 Ground Beef 75% 0 0 Ground Beef 81% 54 170,561 192.07 218.25 203.56 Ground Beef 85% Ground Beef 90% 0 0 Ground Beef 93% 4 3,696 295.00 310.59 306.92 Ground Beef Chuck 80% 6 4,366 190.78 210.11 201.07 Ground Beef Round 85% 4 9,759 254.99 263.85 257.41 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% 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 21 701,461 85.70 93.00 89.16 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 .