LM_XB403 *resent for beef item space formatting purpose only* Des Moines, IA Thu, May 02, 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 sharply lower on Select on light to moderate demand and offerings. Select and Choice rib cuts steady while chuck, round, and loin cuts weak to lower. Beef trimmings moderately to sharply lower on light demand and moderate offerings. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 228.80 215.08 Change from prior day: (1.42) (2.42) -------------------------------------------------------------------------------- Choice/Select spread: 13.72 Total Load Count (Cuts, Trimmings, Grinds): 153 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 387.08 359.27 Primal Chuck 174.88 170.38 Primal Round 166.69 165.28 Primal Loin 328.75 287.67 Primal Brisket 196.34 194.38 Primal Short Plate 167.92 167.92 Primal Flank 123.43 121.27 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 05/01 91 29 14 30 164 230.22 217.50 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 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 232.22 218.52 -------------------------------------------------------------------------------- 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 76.84 loads 3,073,523 pounds Select Cuts 29.91 loads 1,196,398 pounds Trimmings 12.35 loads 493,922 pounds Ground Beef 33.69 loads 1,347,689 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 33 346,956 722.00 780.50 741.84 112A 3 Rib, ribeye, bnls, light 14 45,847 824.99 871.50 829.53 112A 3 Rib, ribeye, bnls, heavy 18 43,991 823.64 880.50 831.23 113C 1 Chuck, semi-bnls, neck/off 4 6,065 220.00 246.25 225.85 114 1 Chuck, shoulder clod 11 13,647 218.25 235.00 226.99 114A 3 Chuck, shoulder clod, trmd 8 19,420 230.00 238.50 231.94 114D 3 Chuck, clod, top blade 3 8,230 355.00 392.29 358.17 114E 3 Chuck, clod, arm roast 12 23,352 250.00 275.50 260.06 114F 5 Chuck, clod tender (IM) 9 3,931 475.25 530.00 513.77 116A 3 Chuck, roll, lxl, neck/off 30 206,349 248.00 272.00 253.11 116B 1 Chuck, chuck tender (IM) 17 63,745 211.00 247.00 224.86 3 Chuck roll, retail ready 11 158,181 276.12 300.00 293.70 116G 4 Chuck, flap (IM) 4 3,674 560.00 656.50 573.03 120 1 Brisket, deckle-off, bnls 22 32,795 273.00 290.30 279.58 120A 3 Brisket, point/off, bnls 8 5,937 466.72 486.89 479.59 123A 3 Short Plate, short rib 12 18,900 530.00 586.00 563.07 130 4 Chuck, short rib 16 16,119 332.75 380.00 348.17 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 41 142,175 213.00 251.25 226.31 168 1 Round, top inside round 6 15,322 206.00 213.00 210.24 168 3 Round, top inside round 29 121,949 205.00 234.25 212.33 169 5 Round, top inside, denuded 15 70,522 236.00 266.25 247.32 169A 5 Round, top inside, cap off 8 103,809 278.72 303.12 286.57 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 5 5,060 189.51 210.00 195.86 171B 3 Round, outside round 20 92,078 200.00 217.00 203.83 171C 3 Round, eye of round (IM) 43 152,063 213.00 237.00 218.78 174 3 Loin, short loin, 0x1 25 168,792 627.28 696.50 634.02 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 180 3 Loin, strip, bnls, 0x1 28 117,155 775.64 826.50 813.46 184 1 Loin, top butt, bnls, heavy 4 3,094 335.00 345.00 338.99 184 3 Loin, top butt, boneless 38 260,509 332.36 382.00 350.56 184B 3 Loin, top butt, CC (IM) 8 130,962 449.55 515.25 453.90 185A 4 Loin, bottom sirloin, flap 20 88,141 555.00 684.25 580.10 185B 1 Loin, ball-tip, bnls, heavy 8 30,623 256.75 292.00 262.72 185C 1 Loin, sirloin, tri-tip (IM) 3 1,011 420.00 426.50 425.93 185D 4 Loin, tri-tip, pld (IM) 7 3,855 573.38 611.00 599.46 189A 4 Loin, tndrloin, trmd, heavy 21 48,719 955.00 1067.25 986.23 191A 4 Loin, butt tender, trimmed 11 42,083 950.00 980.00 961.66 193 4 Flank, flank steak (IM) 11 10,265 515.00 565.25 528.16 -------------------------------------------------------------------------------- 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 5 4,768 668.00 729.00 679.51 112A 3 Rib, ribeye, bnls, light 9 18,898 725.00 798.72 741.54 112A 3 Rib, ribeye, bnls, heavy 11 6,774 737.00 806.50 761.07 113C 1 Chuck, semi-bnls, neck/off 114 1 Chuck, shoulder clod 5 9,715 220.50 230.25 226.85 114A 3 Chuck, shoulder clod, trmd 5 12,546 226.00 239.01 231.90 114D 3 Chuck, clod, top blade 0 0 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 5 3,326 440.00 525.00 477.33 116A 3 Chuck, roll, lxl, neck/off 25 193,967 242.00 265.00 245.51 116B 1 Chuck, chuck tender (IM) 7 56,765 211.00 230.50 214.24 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 8 7,561 480.00 554.17 521.87 120 1 Brisket, deckle-off, bnls 7 6,579 254.63 280.00 269.99 120A 3 Brisket, point/off, bnls 123A 3 Short Plate, short rib 130 4 Chuck, short rib 8 16,022 299.00 344.25 315.10 160 1 Round, bone-in 0 0 161 1 Round, boneless 0 0 167A 4 Round, knuckle, peeled 12 42,223 213.00 243.30 218.77 168 1 Round, top inside round 3 22,492 205.00 218.00 207.18 168 3 Round, top inside round 6 27,847 209.00 228.50 210.56 169 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 17,883 202.50 214.63 206.74 171C 3 Round, eye of round (IM) 9 28,821 218.77 233.00 221.32 174 3 Loin, short loin, 0x1 12 90,518 493.38 560.50 498.24 175 3 Loin, strip loin, 1x1 0 0 1 Loin, strip loin bnls. 1x1 180 3 Loin, strip, bnls, 0x1 16 30,550 520.00 605.00 566.34 184 1 Loin, top butt, bnls, heavy 3 2,095 330.00 335.00 330.36 184 3 Loin, top butt, boneless 15 160,274 321.94 364.90 325.86 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap 4 22,385 551.00 589.63 566.61 185B 1 Loin, ball-tip, bnls, heavy 7 55,828 225.00 256.00 231.18 185C 1 Loin, sirloin, tri-tip (IM) 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 13 86,398 920.00 978.72 925.42 191A 4 Loin, butt tender, trimmed 3 13,230 897.80 928.38 924.35 193 4 Flank, flank steak (IM) 5 14,831 506.00 526.50 509.78 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 5 8,787 122.00 140.00 129.34 121D 4 Plate, Inside Skirt (IM) 21 274,265 440.00 492.00 451.01 121C 4 Plate, Outside Skirt (IM) 26 46,044 691.54 831.50 752.75 121E 6 Outside Skirt, pld (IM) Cap, Wedge Meat & (IM) Lean 16 94,363 285.10 314.58 287.71 Pectoral Meat 22 154,443 290.00 331.75 298.19 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 12 69,632 164.00 201.48 171.68 Ground Beef 75% Ground Beef 81% 44 338,963 165.00 227.25 182.25 Ground Beef 85% Ground Beef 90% Ground Beef 93% 7 4,126 289.00 312.56 297.23 Ground Beef Chuck 80% 5 71,195 190.00 216.77 201.51 Ground Beef Round 85% 4 18,317 239.67 251.75 245.33 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% Blended Ground Beef 81% Blended Ground Beef 85% Blended Ground Beef 90% 0 0 Blended Ground Beef 93% 0 0 Blended Ground Beef Chuck 80% 0 0 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 19 493,922 74.66 91.25 82.99 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 .