LM_XB403 Des Moines, IA Wed, Apr 24, 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 lower on light to moderate demand and moderate to heavy offerings. Select and Choice rib, chuck, round, and loin cuts steady to weak. Beef trimmings mostly moderately to sharply higher on moderate to good demand and moderate to heavy offerings. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 232.96 220.28 Change from prior day: (1.15) (0.98) -------------------------------------------------------------------------------- Choice/Select spread: 12.68 Total Load Count (Cuts, Trimmings, Grinds): 164 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 390.29 361.60 Primal Chuck 179.13 176.28 Primal Round 172.35 172.67 Primal Loin 334.77 294.98 Primal Brisket 190.14 188.36 Primal Short Plate 171.45 171.45 Primal Flank 124.81 122.21 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 04/23 56 32 18 10 116 234.11 221.26 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 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 233.61 220.80 -------------------------------------------------------------------------------- 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 77.91 loads 3,116,437 pounds Select Cuts 35.37 loads 1,414,780 pounds Trimmings 17.31 loads 692,540 pounds Ground Beef 33.89 loads 1,355,577 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 36 37,303 745.00 805.75 764.17 112A 3 Rib, ribeye, bnls, light 19 90,142 840.00 894.25 852.61 112A 3 Rib, ribeye, bnls, heavy 69 61,923 830.25 899.88 852.55 113C 1 Chuck, semi-bnls, neck/off 6 14,052 226.00 258.50 233.21 114 1 Chuck, shoulder clod 8 30,506 215.98 235.12 219.85 114A 3 Chuck, shoulder clod, trmd 33 84,491 226.25 250.00 236.14 114D 3 Chuck, clod, top blade 5 14,652 376.00 394.99 377.09 114E 3 Chuck, clod, arm roast 10 17,966 254.00 310.00 283.25 114F 5 Chuck, clod tender (IM) 9 3,270 506.25 558.00 523.91 116A 3 Chuck, roll, lxl, neck/off 79 182,649 249.00 275.00 261.17 116B 1 Chuck, chuck tender (IM) 32 21,590 230.00 265.37 241.77 3 Chuck roll, retail ready 3 48,578 290.25 300.00 291.18 116G 4 Chuck, flap (IM) 10 14,781 525.33 661.75 564.25 120 1 Brisket, deckle-off, bnls 83 571,982 260.68 290.75 266.47 120A 3 Brisket, point/off, bnls 10 6,700 460.00 470.30 460.33 123A 3 Short Plate, short rib 37 29,217 559.00 591.00 569.67 130 4 Chuck, short rib 47 27,371 331.75 380.00 343.60 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 63 100,600 231.00 275.00 242.08 168 1 Round, top inside round 71 195,625 209.89 231.94 217.06 168 3 Round, top inside round 31 194,232 217.00 240.00 223.08 169 5 Round, top inside, denuded 12 67,309 240.19 286.50 259.88 169A 5 Round, top inside, cap off 6 20,076 284.72 305.00 293.56 3 Round, top inside, side off 170 1 Round, bottom gooseneck 8 7,161 190.00 210.00 192.29 171B 3 Round, outside round 54 138,522 199.75 218.94 206.29 171C 3 Round, eye of round (IM) 73 176,235 220.63 245.00 225.88 174 3 Loin, short loin, 0x1 14 83,576 641.23 700.25 647.30 175 3 Loin, strip loin, 1x1 5 1,198 671.00 705.75 692.05 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 95 197,778 778.00 844.64 799.57 184 1 Loin, top butt, bnls, heavy 7 2,543 345.00 365.00 354.69 184 3 Loin, top butt, boneless 47 48,023 349.21 388.00 369.76 184B 3 Loin, top butt, CC (IM) 7 21,565 480.00 533.25 481.22 185A 4 Loin, bottom sirloin, flap 24 26,307 590.33 669.25 633.46 185B 1 Loin, ball-tip, bnls, heavy 23 108,579 245.35 281.75 259.50 185C 1 Loin, sirloin, tri-tip (IM) 4 3,185 390.00 420.00 406.94 185D 4 Loin, tri-tip, pld (IM) 11 14,640 520.49 552.00 545.20 189A 4 Loin, tndrloin, trmd, heavy 72 192,750 957.05 1080.25 968.30 191A 4 Loin, butt tender, trimmed 6 19,309 960.00 1000.00 987.08 193 4 Flank, flank steak (IM) 18 10,977 515.00 547.50 534.44 -------------------------------------------------------------------------------- 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 7 93,782 664.50 729.64 665.20 112A 3 Rib, ribeye, bnls, light 12 18,223 764.10 825.00 789.99 112A 3 Rib, ribeye, bnls, heavy 15 43,731 764.50 831.00 786.53 113C 1 Chuck, semi-bnls, neck/off 6 6,801 229.92 240.00 233.68 114 1 Chuck, shoulder clod 3 8,295 219.25 229.09 224.55 114A 3 Chuck, shoulder clod, trmd 8 11,482 226.25 241.30 234.11 114D 3 Chuck, clod, top blade 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 8 4,519 475.37 490.25 487.85 116A 3 Chuck, roll, lxl, neck/off 21 185,745 244.59 270.00 250.46 116B 1 Chuck, chuck tender (IM) 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 0 0 120 1 Brisket, deckle-off, bnls 21 195,847 259.90 293.12 264.74 120A 3 Brisket, point/off, bnls 123A 3 Short Plate, short rib 130 4 Chuck, short rib 3 3,537 315.00 355.50 344.32 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 10 7,585 240.00 248.99 244.40 168 1 Round, top inside round 6 11,757 214.00 231.94 218.78 168 3 Round, top inside round 8 60,737 216.00 239.56 220.16 169 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 171B 3 Round, outside round 8 15,767 199.75 216.99 205.98 171C 3 Round, eye of round (IM) 12 31,605 223.16 250.00 231.53 174 3 Loin, short loin, 0x1 6 6,114 520.33 550.00 541.45 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 180 3 Loin, strip, bnls, 0x1 10 20,077 550.00 578.00 567.62 184 1 Loin, top butt, bnls, heavy 16 14,744 333.00 345.00 337.97 184 3 Loin, top butt, boneless 16 99,194 329.94 379.88 342.77 184B 3 Loin, top butt, CC (IM) 185A 4 Loin, bottom sirloin, flap (IM) 185B 1 Loin, ball-tip, bnls, heavy 3 8,587 248.60 275.00 250.31 185C 1 Loin, sirloin, tri-tip (IM) 7 12,221 351.00 395.89 365.61 185D 4 Loin, tri-tip, pld (IM) 0 0 189A 4 Loin, tndrloin, trmd, heavy 21 46,783 946.00 1076.75 966.79 191A 4 Loin, butt tender, trimmed 6 31,486 915.00 952.25 937.13 193 4 Flank, flank steak (IM) 7 12,704 500.00 536.00 516.02 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 3 9,662 124.87 140.00 127.99 121D 4 Plate, Inside Skirt (IM) 27 102,221 437.00 484.25 464.59 121C 4 Plate, Outside Skirt (IM) 16 61,297 735.00 841.00 756.94 121E 6 Outside Skirt, pld (IM) Cap, Wedge Meat & (IM) Lean 39 141,857 274.43 336.00 300.37 Pectoral Meat 24 56,454 310.00 344.90 318.81 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 18 60,620 179.00 201.50 186.22 Ground Beef 75% Ground Beef 81% 66 259,223 181.25 229.00 201.92 Ground Beef 85% Ground Beef 90% Ground Beef 93% 10 36,203 295.00 320.63 301.20 Ground Beef Chuck 80% 14 116,681 198.04 215.50 206.55 Ground Beef Round 85% 5 15,732 252.80 260.00 256.02 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 24 692,540 85.00 106.48 90.42 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 .