LM_XB403 **Correction on 81% Ground Beef and cutouts** Des Moines, IA Fri, Apr 26, 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 steady on light to moderate demand and offerings. Select and Choice chuck and round cuts steady to weak. Choice rib cuts steady while Select higher. Choice loin cuts steady while Select lower. Beef trimmings not fully established. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 232.99 219.41 Change from prior day: 0.06 (0.34) -------------------------------------------------------------------------------- Choice/Select spread: 13.58 Total Load Count (Cuts, Trimmings, Grinds): 93 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 397.27 371.97 Primal Chuck 177.77 174.16 Primal Round 169.10 169.71 Primal Loin 335.06 291.22 Primal Brisket 195.94 189.32 Primal Short Plate 171.31 171.31 Primal Flank 125.53 122.22 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 04/25 106 27 10 16 159 232.93 219.75 04/24 78 35 17 34 164 232.96 220.28 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 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 233.62 220.88 -------------------------------------------------------------------------------- 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 51.63 loads 2,065,011 pounds Select Cuts 20.91 loads 836,264 pounds Trimmings 0.00 loads 0 pounds Ground Beef 20.00 loads 799,803 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 7 7,056 738.00 783.71 749.21 112A 3 Rib, ribeye, bnls, light 5 17,685 849.15 886.50 868.49 112A 3 Rib, ribeye, bnls, heavy 11 18,128 849.14 871.91 857.93 113C 1 Chuck, semi-bnls, neck/off 114 1 Chuck, shoulder clod 114A 3 Chuck, shoulder clod, trmd 9 59,353 225.00 246.91 237.34 114D 3 Chuck, clod, top blade 114E 3 Chuck, clod, arm roast 7 23,176 254.90 273.00 256.90 114F 5 Chuck, clod tender (IM) 4 3,882 508.00 530.00 524.72 116A 3 Chuck, roll, lxl, neck/off 18 102,237 250.00 274.55 263.89 116B 1 Chuck, chuck tender (IM) 15 52,790 218.94 249.55 225.87 3 Chuck roll, retail ready 6 30,059 290.25 338.00 306.64 116G 4 Chuck, flap (IM) 4 4,842 561.52 667.00 574.17 120 1 Brisket, deckle-off, bnls 22 45,416 270.00 290.89 278.00 120A 3 Brisket, point/off, bnls 4 13,739 460.00 475.64 472.41 123A 3 Short Plate, short rib 8 15,962 528.68 594.57 577.63 130 4 Chuck, short rib 12 59,452 321.00 380.00 332.46 160 1 Round, bone-in 161 1 Round, boneless 0 0 167A 4 Round, knuckle, peeled 35 295,772 225.00 255.00 230.98 168 1 Round, top inside round 3 1,746 218.46 225.89 224.23 168 3 Round, top inside round 11 30,483 218.68 239.55 225.71 169 5 Round, top inside, denuded 9 40,258 255.00 282.00 258.52 169A 5 Round, top inside, cap off 3 27,290 286.67 295.62 287.27 3 Round, top inside, side off 170 1 Round, bottom gooseneck 4 8,340 194.50 207.00 196.57 171B 3 Round, outside round 15 67,608 200.00 222.00 203.56 171C 3 Round, eye of round (IM) 27 72,304 215.00 240.50 227.89 174 3 Loin, short loin, 0x1 20 391,528 641.23 707.25 670.07 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 15 34,590 792.00 851.20 822.00 184 1 Loin, top butt, bnls, heavy 3 4,426 341.92 355.62 352.61 184 3 Loin, top butt, boneless 11 42,228 348.56 375.37 363.74 184B 3 Loin, top butt, CC (IM) 6 202,692 460.00 498.68 462.96 185A 4 Loin, bottom sirloin, flap 12 178,787 575.00 675.00 588.22 185B 1 Loin, ball-tip, bnls, heavy 5 13,478 251.00 272.24 260.43 185C 1 Loin, sirloin, tri-tip (IM) 185D 4 Loin, tri-tip, pld (IM) 8 13,471 510.00 701.80 654.43 189A 4 Loin, tndrloin, trmd, heavy 12 21,542 968.68 1065.25 981.91 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) 11 8,267 515.00 566.75 531.22 -------------------------------------------------------------------------------- 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 112A 3 Rib, ribeye, bnls, light 4 1,787 765.75 800.00 785.08 112A 3 Rib, ribeye, bnls, heavy 7 11,593 765.75 840.58 827.59 113C 1 Chuck, semi-bnls, neck/off 0 0 114 1 Chuck, shoulder clod 114A 3 Chuck, shoulder clod, trmd 6 24,343 228.90 240.37 231.43 114D 3 Chuck, clod, top blade 0 0 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 3 18,100 410.57 425.00 419.63 116A 3 Chuck, roll, lxl, neck/off 10 133,346 250.19 263.25 252.99 116B 1 Chuck, chuck tender (IM) 4 24,362 221.00 240.00 222.77 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 4 10,253 515.19 536.52 522.75 120 1 Brisket, deckle-off, bnls 7 84,854 263.00 276.00 265.39 120A 3 Brisket, point/off, bnls 123A 3 Short Plate, short rib 130 4 Chuck, short rib 0 0 160 1 Round, bone-in 0 0 161 1 Round, boneless 0 0 167A 4 Round, knuckle, peeled 5 51,351 228.50 240.45 230.03 168 1 Round, top inside round 5 28,618 215.39 225.00 217.70 168 3 Round, top inside round 7 19,211 219.00 232.25 225.42 169 5 Round, top inside, denuded 3 7,240 256.39 274.50 261.90 169A 5 Round, top inside, cap off 3 4,444 299.83 331.50 313.97 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 171B 3 Round, outside round 5 24,803 201.00 220.99 204.11 171C 3 Round, eye of round (IM) 3 10,835 227.00 230.50 228.81 174 3 Loin, short loin, 0x1 6 28,730 500.96 550.00 529.28 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 10 9,886 525.00 625.99 581.95 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap 3 38,714 581.00 626.25 586.59 185B 1 Loin, ball-tip, bnls, heavy 185C 1 Loin, sirloin, tri-tip (IM) 185D 4 Loin, tri-tip, pld (IM) 0 0 189A 4 Loin, tndrloin, trmd, heavy 9 96,064 930.00 1030.00 932.46 191A 4 Loin, butt tender, trimmed 6 25,975 905.45 930.00 909.44 193 4 Flank, flank steak (IM) -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 3 2,647 117.00 120.00 118.97 121D 4 Plate, Inside Skirt (IM) 16 105,332 440.00 476.00 461.34 121C 4 Plate, Outside Skirt (IM) 7 21,683 743.45 811.75 757.79 121E 6 Outside Skirt, pld (IM) Cap, Wedge Meat & (IM) Lean 11 32,960 290.00 336.08 308.15 Pectoral Meat 20 71,054 300.00 337.00 313.62 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 8 77,629 171.00 195.25 178.73 Ground Beef 75% Ground Beef 81% 30 289,768 170.00 219.25 183.63* Ground Beef 85% Ground Beef 90% 0 0 Ground Beef 93% 8 69,142 301.25 310.00 306.97 Ground Beef Chuck 80% 11 68,342 201.10 212.50 205.93 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% 0 0 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 0 0 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 .