LM_XB403 Des Moines, IA Tue, Apr 30, 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 Choice and firm on Select on light to moderate demand and offerings. Select and Choice rib, chuck, and round cuts steady to weak. Choice loin cuts weak while Select firm. Beef trimmings sharply lower on light to moderate demand and moderate to heavy offerings. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 231.84 218.21 Change from prior day: (1.30) 0.49 -------------------------------------------------------------------------------- Choice/Select spread: 13.63 Total Load Count (Cuts, Trimmings, Grinds): 123 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 388.92 354.73 Primal Chuck 177.23 174.84 Primal Round 169.86 168.13 Primal Loin 333.38 294.46 Primal Brisket 194.83 190.49 Primal Short Plate 174.19 174.19 Primal Flank 125.61 121.12 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 04/29 41 26 26 13 106 233.14 217.72 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 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 233.22 219.69 -------------------------------------------------------------------------------- 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 58.09 loads 2,323,517 pounds Select Cuts 31.86 loads 1,274,598 pounds Trimmings 16.89 loads 675,735 pounds Ground Beef 16.50 loads 659,966 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 19 166,406 730.12 784.41 740.06 112A 3 Rib, ribeye, bnls, light 9 19,557 830.00 893.75 848.99 112A 3 Rib, ribeye, bnls, heavy 13 15,401 835.94 910.00 850.13 113C 1 Chuck, semi-bnls, neck/off 7 17,592 220.00 237.50 223.36 114 1 Chuck, shoulder clod 5 3,897 220.00 232.00 225.21 114A 3 Chuck, shoulder clod, trmd 8 9,704 228.75 246.46 234.81 114D 3 Chuck, clod, top blade 9 12,672 379.03 394.15 383.66 114E 3 Chuck, clod, arm roast 3 81,517 243.50 276.50 243.79 114F 5 Chuck, clod tender (IM) 9 20,664 450.15 554.15 467.02 116A 3 Chuck, roll, lxl, neck/off 31 136,561 249.03 280.00 254.98 116B 1 Chuck, chuck tender (IM) 19 172,681 211.80 254.96 225.29 3 Chuck roll, retail ready 3 80,339 279.41 280.00 279.98 116G 4 Chuck, flap (IM) 9 22,305 525.43 573.55 538.23 120 1 Brisket, deckle-off, bnls 14 20,319 270.75 292.00 279.50 120A 3 Brisket, point/off, bnls 3 2,771 470.00 499.00 490.27 123A 3 Short Plate, short rib 8 19,338 521.00 591.75 559.06 130 4 Chuck, short rib 18 54,690 318.00 380.00 344.18 160 1 Round, bone-in 161 1 Round, boneless 0 0 167A 4 Round, knuckle, peeled 22 61,516 222.08 252.70 234.62 168 1 Round, top inside round 6 28,153 212.98 225.00 215.86 168 3 Round, top inside round 20 78,368 214.44 250.00 222.77 169 5 Round, top inside, denuded 10 34,013 235.00 284.00 247.17 169A 5 Round, top inside, cap off 6 18,207 286.00 310.68 294.17 3 Round, top inside, side off 170 1 Round, bottom gooseneck 171B 3 Round, outside round 21 100,397 202.00 215.13 205.57 171C 3 Round, eye of round (IM) 24 48,798 218.00 245.00 229.64 174 3 Loin, short loin, 0x1 15 130,221 650.03 702.00 663.19 175 3 Loin, strip loin, 1x1 3 6,243 674.26 710.00 684.99 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 16 150,129 775.00 865.00 806.96 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 18 55,000 350.00 380.50 356.74 184B 3 Loin, top butt, CC (IM) 185A 4 Loin, bottom sirloin, flap 11 47,250 584.05 677.50 601.16 185B 1 Loin, ball-tip, bnls, heavy 3 10,791 254.03 270.00 264.31 185C 1 Loin, sirloin, tri-tip (IM) 7 11,117 407.89 431.50 415.55 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 16 121,676 954.96 1030.00 960.62 191A 4 Loin, butt tender, trimmed 10 33,763 950.00 1000.69 978.15 193 4 Flank, flank steak (IM) 15 22,864 526.41 566.50 535.11 -------------------------------------------------------------------------------- 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 9 29,401 655.00 721.00 660.44 112A 3 Rib, ribeye, bnls, light 9 34,456 730.00 776.82 736.93 112A 3 Rib, ribeye, bnls, heavy 6 14,183 765.00 830.00 790.87 113C 1 Chuck, semi-bnls, neck/off 3 19,049 223.71 231.50 225.53 114 1 Chuck, shoulder clod 3 5,190 216.75 233.00 220.46 114A 3 Chuck, shoulder clod, trmd 14 82,274 234.93 244.87 238.30 114D 3 Chuck, clod, top blade 0 0 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 9 3,840 427.89 530.00 465.79 116A 3 Chuck, roll, lxl, neck/off 26 234,263 249.03 271.00 252.93 116B 1 Chuck, chuck tender (IM) 4 25,410 217.50 218.00 217.74 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 13 10,125 534.28 556.29 538.95 120 1 Brisket, deckle-off, bnls 8 26,409 248.00 290.50 270.13 120A 3 Brisket, point/off, bnls 0 0 123A 3 Short Plate, short rib 130 4 Chuck, short rib 5 14,954 305.00 343.71 313.73 160 1 Round, bone-in 0 0 161 1 Round, boneless 0 0 167A 4 Round, knuckle, peeled 5 6,633 228.00 265.00 240.94 168 1 Round, top inside round 10 15,197 216.15 226.08 218.46 168 3 Round, top inside round 15 231,642 208.63 238.75 213.29 169 5 Round, top inside, denuded 4 14,846 235.00 284.00 256.15 169A 5 Round, top inside, cap off 0 0 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 171B 3 Round, outside round 6 7,593 205.17 214.87 208.13 171C 3 Round, eye of round (IM) 12 52,748 218.00 235.08 226.20 174 3 Loin, short loin, 0x1 15 42,156 516.00 583.00 542.75 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 9 2,204 550.00 598.00 578.89 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 7 60,793 331.50 359.93 335.59 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap 4 23,343 579.77 641.25 586.97 185B 1 Loin, ball-tip, bnls, heavy 7 7,552 244.75 278.15 250.28 185C 1 Loin, sirloin, tri-tip (IM) 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 4 1,634 942.25 950.00 948.89 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) 5 15,964 500.00 546.29 508.41 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 121D 4 Plate, Inside Skirt (IM) 17 74,771 440.00 484.07 459.74 121C 4 Plate, Outside Skirt (IM) 9 9,484 768.99 846.00 822.72 121E 6 Outside Skirt, pld (IM) 6 8,059 979.39 1011.63 986.61 Cap, Wedge Meat & (IM) Lean 36 370,759 274.44 330.50 290.02 Pectoral Meat 14 169,949 300.00 341.20 302.80 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 21 152,139 166.00 201.48 182.94 Ground Beef 75% Ground Beef 81% 50 295,531 174.61 231.25 191.64 Ground Beef 85% Ground Beef 90% 0 0 Ground Beef 93% 0 0 Ground Beef Chuck 80% 8 74,327 198.61 216.44 210.18 Ground Beef Round 85% 3 1,980 255.25 262.87 258.13 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% 0 0 Blended Ground Beef Sirloin 90% 0 0 -------------------------------------------------------------------------------- BEEF TRIMMINGS - STEER/HEIFER SOURCE - Fresh Combos & Frozen Boxed -------------------------------------------------------------------------------- Fresh 50% lean trimmings 21 675,735 79.50 95.25 86.11 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 .