LM_XB403 Des Moines, IA Mon, Apr 29, 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 Choice and lower on Select on light to moderate demand and moderate offerings. Select and Choice chuck, round, and loin cuts steady to firm while rib cuts weak to lower. Beef trimmings firm to higher on moderate to good demand and heavy offerings. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 233.14 217.72 Change from prior day: 0.15 (1.69) -------------------------------------------------------------------------------- Choice/Select spread: 15.42 Total Load Count (Cuts, Trimmings, Grinds): 106 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 392.08 357.60 Primal Chuck 178.35 174.17 Primal Round 170.17 169.16 Primal Loin 336.35 291.31 Primal Brisket 195.16 188.84 Primal Short Plate 172.65 172.65 Primal Flank 125.49 121.39 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 04/26 52 21 0 20 93 232.99 219.41 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 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 233.49 220.67 -------------------------------------------------------------------------------- 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 41.42 loads 1,656,916 pounds Select Cuts 26.06 loads 1,042,281 pounds Trimmings 25.62 loads 1,024,933 pounds Ground Beef 12.84 loads 513,737 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 10 86,939 731.48 784.00 741.38 112A 3 Rib, ribeye, bnls, light 6 3,963 877.00 893.75 882.92 112A 3 Rib, ribeye, bnls, heavy 14 11,777 851.75 884.00 863.01 113C 1 Chuck, semi-bnls, neck/off 4 7,758 226.64 256.00 234.62 114 1 Chuck, shoulder clod 13 178,643 216.00 236.08 223.60 114A 3 Chuck, shoulder clod, trmd 11 47,344 228.25 245.51 235.00 114D 3 Chuck, clod, top blade 12 20,348 388.50 400.81 391.16 114E 3 Chuck, clod, arm roast 19 67,728 243.50 260.00 250.09 114F 5 Chuck, clod tender (IM) 7 6,221 516.36 540.00 528.04 116A 3 Chuck, roll, lxl, neck/off 30 136,907 250.00 271.75 256.55 116B 1 Chuck, chuck tender (IM) 8 54,526 214.00 236.50 219.81 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 13 16,651 558.50 661.75 584.09 120 1 Brisket, deckle-off, bnls 25 81,173 264.00 289.44 273.56 120A 3 Brisket, point/off, bnls 10 9,230 460.00 562.82 495.37 123A 3 Short Plate, short rib 22 42,013 546.36 592.25 578.30 130 4 Chuck, short rib 23 45,315 335.00 400.00 361.25 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 25 109,522 220.89 258.09 233.83 168 1 Round, top inside round 6 20,886 213.00 225.00 217.70 168 3 Round, top inside round 20 137,170 209.89 241.75 224.47 169 5 Round, top inside, denuded 7 8,516 259.89 286.50 268.56 169A 5 Round, top inside, cap off 5 21,190 245.91 310.50 290.43 3 Round, top inside, side off 170 1 Round, bottom gooseneck 6 7,223 192.12 206.75 199.58 171B 3 Round, outside round 23 74,796 193.89 218.09 206.34 171C 3 Round, eye of round (IM) 21 40,127 218.00 243.09 224.88 174 3 Loin, short loin, 0x1 4 3,098 657.00 701.50 673.62 175 3 Loin, strip loin, 1x1 3 119,009 662.82 663.16 663.00 1 Loin, strip loin bnls. 1x1 7 4,894 734.00 765.00 741.70 180 3 Loin, strip, bnls, 0x1 15 17,313 785.00 849.00 813.48 184 1 Loin, top butt, bnls, heavy 6 8,941 345.00 345.00 345.00 184 3 Loin, top butt, boneless 13 34,540 351.76 384.00 359.77 184B 3 Loin, top butt, CC (IM) 3 7,529 455.00 500.15 460.25 185A 4 Loin, bottom sirloin, flap 10 26,040 575.00 644.00 595.11 185B 1 Loin, ball-tip, bnls, heavy 6 13,646 257.00 277.85 269.45 185C 1 Loin, sirloin, tri-tip (IM) 3 3,965 420.00 430.00 422.09 185D 4 Loin, tri-tip, pld (IM) 6 6,051 554.00 607.00 575.08 189A 4 Loin, tndrloin, trmd, heavy 10 23,290 970.00 1076.75 978.72 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) 5 5,460 514.00 544.00 530.13 -------------------------------------------------------------------------------- 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 26 176,517 730.00 827.88 745.17 112A 3 Rib, ribeye, bnls, heavy 7 32,478 760.00 806.25 771.50 113C 1 Chuck, semi-bnls, neck/off 114 1 Chuck, shoulder clod 9 66,180 216.75 226.38 222.93 114A 3 Chuck, shoulder clod, trmd 5 26,984 233.46 245.15 233.99 114D 3 Chuck, clod, top blade 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 4 3,423 440.00 530.00 508.24 116A 3 Chuck, roll, lxl, neck/off 9 88,703 248.46 265.00 251.28 116B 1 Chuck, chuck tender (IM) 5 25,576 217.50 231.00 221.98 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 4 15,463 535.76 538.00 537.54 120 1 Brisket, deckle-off, bnls 4 21,146 264.11 279.50 265.47 120A 3 Brisket, point/off, bnls 0 0 123A 3 Short Plate, short rib 130 4 Chuck, short rib 5 6,567 320.00 373.00 336.32 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 6 7,117 231.00 253.00 239.98 168 1 Round, top inside round 5 11,045 213.00 220.00 215.92 168 3 Round, top inside round 12 57,042 214.50 234.00 219.11 169 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 6 5,417 199.63 211.42 205.15 171B 3 Round, outside round 5 45,575 199.77 214.50 200.91 171C 3 Round, eye of round (IM) 4 4,303 226.25 238.00 232.29 174 3 Loin, short loin, 0x1 7 8,426 532.00 559.68 547.62 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 9 11,041 545.00 611.02 565.69 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 15 121,098 328.50 371.34 331.77 184B 3 Loin, top butt, CC (IM) 185A 4 Loin, bottom sirloin, flap 8 12,376 569.00 635.00 586.73 185B 1 Loin, ball-tip, bnls, heavy 4 17,755 241.16 283.00 245.54 185C 1 Loin, sirloin, tri-tip (IM) 3 1,834 360.00 365.00 364.14 185D 4 Loin, tri-tip, pld (IM) 0 0 189A 4 Loin, tndrloin, trmd, heavy 9 22,400 935.00 1030.00 939.71 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) 6 22,655 495.00 531.00 503.59 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 3 8,151 130.00 160.00 153.92 121D 4 Plate, Inside Skirt (IM) 26 150,146 441.00 495.30 465.06 121C 4 Plate, Outside Skirt (IM) 16 11,477 755.00 861.00 795.83 121E 6 Outside Skirt, pld (IM) 9 10,679 984.92 1178.00 1006.10 Cap, Wedge Meat & (IM) Lean 17 42,716 292.00 338.75 302.61 Pectoral Meat 14 16,715 311.00 327.58 317.05 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 5 142,718 170.40 201.25 184.04 Ground Beef 75% Ground Beef 81% 18 131,927 180.00 227.00 193.46 Ground Beef 85% Ground Beef 90% 0 0 Ground Beef 93% 4 10,110 286.26 304.00 292.98 Ground Beef Chuck 80% 4 37,510 206.32 218.00 207.11 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% 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 43 1,024,933 82.25 104.39 90.70 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 .