LM_XB403 Des Moines, IA Wed, May 01, 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 demand and moderate offerings. Select and Choice chuck, round, and loin cuts steady to weak while rib cuts steady to firm. Beef trimmings slightly to moderately lower on light demand and moderate offerings. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 230.22 217.50 Change from prior day: (1.62) (0.71) -------------------------------------------------------------------------------- Choice/Select spread: 12.72 Total Load Count (Cuts, Trimmings, Grinds): 164 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 387.19 357.92 Primal Chuck 176.37 173.05 Primal Round 168.41 166.51 Primal Loin 330.77 294.29 Primal Brisket 196.50 193.97 Primal Short Plate 169.63 169.63 Primal Flank 124.16 121.32 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 04/30 58 32 17 17 123 231.84 218.21 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 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 232.77 219.07 -------------------------------------------------------------------------------- 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 91.09 loads 3,643,775 pounds Select Cuts 28.69 loads 1,147,782 pounds Trimmings 13.98 loads 559,320 pounds Ground Beef 30.07 loads 1,202,699 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 21 136,917 718.79 781.74 739.30 112A 3 Rib, ribeye, bnls, light 11 99,842 820.34 871.50 829.45 112A 3 Rib, ribeye, bnls, heavy 88 64,340 825.00 892.88 866.57 113C 1 Chuck, semi-bnls, neck/off 10 64,048 215.00 246.75 217.27 114 1 Chuck, shoulder clod 8 27,038 220.00 245.16 227.42 114A 3 Chuck, shoulder clod, trmd 30 78,790 230.00 255.16 239.42 114D 3 Chuck, clod, top blade 3 2,021 392.28 394.42 392.51 114E 3 Chuck, clod, arm roast 9 23,925 250.00 275.00 251.10 114F 5 Chuck, clod tender (IM) 13 10,831 413.80 530.00 479.50 116A 3 Chuck, roll, lxl, neck/off 95 175,432 248.60 275.00 255.93 116B 1 Chuck, chuck tender (IM) 39 51,372 200.00 243.00 220.42 3 Chuck roll, retail ready 3 9,170 280.00 292.04 284.14 116G 4 Chuck, flap (IM) 12 10,867 542.05 572.04 552.78 120 1 Brisket, deckle-off, bnls 78 88,676 265.92 291.00 277.55 120A 3 Brisket, point/off, bnls 12 10,635 469.86 501.13 484.72 123A 3 Short Plate, short rib 27 29,495 526.05 588.00 561.45 130 4 Chuck, short rib 51 47,446 335.00 380.00 350.88 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 85 132,215 214.00 261.00 235.30 168 1 Round, top inside round 73 582,511 204.86 242.75 208.90 168 3 Round, top inside round 45 431,535 204.00 238.30 215.13 169 5 Round, top inside, denuded 16 23,736 243.43 281.00 262.67 169A 5 Round, top inside, cap off 4 5,061 290.00 320.75 295.47 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 3 1,565 198.25 201.96 201.34 171B 3 Round, outside round 52 78,475 201.00 220.00 208.13 171C 3 Round, eye of round (IM) 84 166,191 208.79 245.00 218.14 174 3 Loin, short loin, 0x1 14 182,849 616.79 695.25 623.35 175 3 Loin, strip loin, 1x1 7 86,187 640.60 701.00 643.81 1 Loin, strip loin bnls. 1x1 180 3 Loin, strip, bnls, 0x1 81 75,394 775.00 844.42 827.54 184 1 Loin, top butt, bnls, heavy 8 4,886 335.00 367.00 349.83 184 3 Loin, top butt, boneless 54 116,462 347.00 383.67 352.73 184B 3 Loin, top butt, CC (IM) 18 343,795 457.00 526.00 457.61 185A 4 Loin, bottom sirloin, flap 25 33,544 579.60 684.25 636.44 185B 1 Loin, ball-tip, bnls, heavy 28 87,243 251.50 281.00 265.23 185C 1 Loin, sirloin, tri-tip (IM) 9 9,949 406.63 440.00 421.13 185D 4 Loin, tri-tip, pld (IM) 12 14,582 537.00 604.25 572.69 189A 4 Loin, tndrloin, trmd, heavy 92 107,325 955.00 1061.00 975.70 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) 18 27,826 505.00 550.00 528.16 -------------------------------------------------------------------------------- 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 8 3,171 670.00 729.00 686.94 112A 3 Rib, ribeye, bnls, light 11 19,587 730.00 803.23 768.70 112A 3 Rib, ribeye, bnls, heavy 12 24,092 749.15 824.88 778.21 113C 1 Chuck, semi-bnls, neck/off 4 20,644 215.00 227.00 215.67 114 1 Chuck, shoulder clod 5 49,734 213.96 229.00 215.73 114A 3 Chuck, shoulder clod, trmd 7 19,603 226.25 240.00 234.77 114D 3 Chuck, clod, top blade 0 0 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 11 12,070 409.76 485.10 430.40 116A 3 Chuck, roll, lxl, neck/off 23 220,936 241.15 265.00 246.68 116B 1 Chuck, chuck tender (IM) 8 14,600 209.00 258.51 213.77 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 3 4,493 500.00 538.59 522.61 120 1 Brisket, deckle-off, bnls 14 63,836 255.00 290.12 275.61 120A 3 Brisket, point/off, bnls 123A 3 Short Plate, short rib 130 4 Chuck, short rib 4 5,901 320.00 344.25 332.35 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 15 88,085 213.00 241.25 217.80 168 1 Round, top inside round 8 28,518 204.03 222.08 206.58 168 3 Round, top inside round 21 94,800 211.00 238.00 215.43 169 5 Round, top inside, denuded 5 24,879 234.00 270.00 237.99 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 7 24,201 204.03 217.25 204.99 171C 3 Round, eye of round (IM) 18 51,394 216.85 245.00 223.32 174 3 Loin, short loin, 0x1 14 12,198 524.03 570.00 535.16 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 180 3 Loin, strip, bnls, 0x1 10 7,500 524.15 594.08 554.83 184 1 Loin, top butt, bnls, heavy 10 6,915 328.00 329.03 328.54 184 3 Loin, top butt, boneless 21 96,114 329.00 379.88 335.14 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap 4 8,010 570.00 638.00 587.82 185B 1 Loin, ball-tip, bnls, heavy 185C 1 Loin, sirloin, tri-tip (IM) 4 8,610 363.00 393.55 375.21 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 21 62,892 930.00 1036.75 940.54 191A 4 Loin, butt tender, trimmed 6 14,408 899.15 936.13 925.91 193 4 Flank, flank steak (IM) 14 6,236 515.00 536.00 525.37 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 121D 4 Plate, Inside Skirt (IM) 26 73,503 438.30 493.03 452.92 121C 4 Plate, Outside Skirt (IM) 15 13,656 693.75 803.00 734.53 121E 6 Outside Skirt, pld (IM) Cap, Wedge Meat & (IM) Lean 32 110,260 288.00 324.00 301.31 Pectoral Meat 36 96,376 290.00 340.00 308.58 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 25 86,712 164.10 201.48 178.34 Ground Beef 75% Ground Beef 81% 89 379,866 175.00 224.00 190.08 Ground Beef 85% Ground Beef 90% Ground Beef 93% 12 39,557 295.00 307.00 296.24 Ground Beef Chuck 80% 13 154,577 192.00 221.50 202.95 Ground Beef Round 85% 7 20,752 251.00 265.00 253.53 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 17 559,320 79.50 94.00 84.52 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 .