LM_XB403 Des Moines, IA Fri, May 03, 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 light demand and moderate offerings. Select and Choice rib, chuck, round, and loin cuts steady to weak. Beef trimmings steady on light to moderate demand and offerings. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 227.36 213.29 Change from prior day: (1.44) (1.79) -------------------------------------------------------------------------------- Choice/Select spread: 14.07 Total Load Count (Cuts, Trimmings, Grinds): 107 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 383.69 356.72 Primal Chuck 172.60 169.85 Primal Round 165.04 163.32 Primal Loin 328.95 284.24 Primal Brisket 196.24 193.42 Primal Short Plate 167.28 167.28 Primal Flank 123.35 118.84 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 05/02 77 30 12 34 153 228.80 215.08 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 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 231.40 217.58 -------------------------------------------------------------------------------- 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 43.87 loads 1,754,752 pounds Select Cuts 34.44 loads 1,377,558 pounds Trimmings 9.17 loads 366,974 pounds Ground Beef 19.90 loads 796,091 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 4 72,430 715.00 746.47 723.12 112A 3 Rib, ribeye, bnls, light 11 68,951 780.00 869.25 801.47 112A 3 Rib, ribeye, bnls, heavy 19 27,414 827.00 875.00 841.03 113C 1 Chuck, semi-bnls, neck/off 114 1 Chuck, shoulder clod 8 63,294 220.00 235.60 227.90 114A 3 Chuck, shoulder clod, trmd 10 34,000 227.00 238.96 232.79 114D 3 Chuck, clod, top blade 4 54,065 355.13 386.10 370.71 114E 3 Chuck, clod, arm roast 5 10,272 247.00 255.00 249.24 114F 5 Chuck, clod tender (IM) 4 9,908 488.96 525.00 493.66 116A 3 Chuck, roll, lxl, neck/off 22 117,168 245.20 267.25 254.73 116B 1 Chuck, chuck tender (IM) 15 61,393 209.00 232.00 212.51 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 9 39,112 521.00 595.13 549.73 120 1 Brisket, deckle-off, bnls 19 73,505 274.89 300.00 277.66 120A 3 Brisket, point/off, bnls 7 4,425 475.00 488.80 475.62 123A 3 Short Plate, short rib 10 15,915 528.61 586.75 563.35 130 4 Chuck, short rib 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 32 135,604 216.00 245.00 227.97 168 1 Round, top inside round 6 33,690 206.09 218.46 207.35 168 3 Round, top inside round 17 100,783 206.55 237.25 209.63 169 5 Round, top inside, denuded 8 34,186 246.95 282.25 248.54 169A 5 Round, top inside, cap off 5 14,033 275.13 299.63 292.11 3 Round, top inside, side off 170 1 Round, bottom gooseneck 3 1,527 199.07 204.25 201.16 171B 3 Round, outside round 14 74,917 201.00 217.25 206.27 171C 3 Round, eye of round (IM) 31 93,832 209.90 235.46 217.36 174 3 Loin, short loin, 0x1 11 39,598 631.95 702.25 663.69 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 4 3,318 742.00 742.00 742.00 180 3 Loin, strip, bnls, 0x1 15 65,627 796.25 846.96 817.92 184 1 Loin, top butt, bnls, heavy 3 3,277 335.00 335.00 335.00 184 3 Loin, top butt, boneless 18 93,721 335.00 372.25 356.37 184B 3 Loin, top butt, CC (IM) 185A 4 Loin, bottom sirloin, flap 11 19,257 560.00 641.79 581.19 185B 1 Loin, ball-tip, bnls, heavy 185C 1 Loin, sirloin, tri-tip (IM) 185D 4 Loin, tri-tip, pld (IM) 3 1,186 598.94 609.25 603.30 189A 4 Loin, tndrloin, trmd, heavy 25 74,850 960.00 1027.25 972.25 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) 10 15,669 515.00 549.25 530.63 -------------------------------------------------------------------------------- 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 9 6,686 734.00 815.75 761.24 112A 3 Rib, ribeye, bnls, heavy 8 15,856 745.00 810.00 779.37 113C 1 Chuck, semi-bnls, neck/off 114 1 Chuck, shoulder clod 11 90,660 220.00 231.38 222.09 114A 3 Chuck, shoulder clod, trmd 6 23,059 226.25 245.37 233.94 114D 3 Chuck, clod, top blade 0 0 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 4 6,481 418.00 525.00 455.51 116A 3 Chuck, roll, lxl, neck/off 12 186,248 242.00 260.00 244.29 116B 1 Chuck, chuck tender (IM) 3 11,525 209.00 215.00 211.14 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 3 4,163 535.88 550.76 546.82 120 1 Brisket, deckle-off, bnls 5 10,009 270.00 284.25 276.45 120A 3 Brisket, point/off, bnls 123A 3 Short Plate, short rib 130 4 Chuck, short rib 4 5,745 301.00 360.75 313.39 160 1 Round, bone-in 0 0 161 1 Round, boneless 167A 4 Round, knuckle, peeled 10 69,637 214.00 236.25 216.76 168 1 Round, top inside round 4 47,641 205.10 214.35 206.32 168 3 Round, top inside round 10 24,129 208.63 218.45 212.30 169 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 5 24,571 198.77 219.25 200.70 171C 3 Round, eye of round (IM) 8 76,043 205.22 225.00 211.48 174 3 Loin, short loin, 0x1 11 64,606 494.95 550.48 508.69 175 3 Loin, strip loin, 1x1 0 0 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 13 24,615 542.18 595.48 560.06 184 1 Loin, top butt, bnls, heavy 3 1,411 312.63 330.00 322.42 184 3 Loin, top butt, boneless 6 18,304 332.00 365.00 336.11 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap 5 57,889 540.00 573.93 559.61 185B 1 Loin, ball-tip, bnls, heavy 185C 1 Loin, sirloin, tri-tip (IM) 6 47,920 341.14 365.00 343.58 185D 4 Loin, tri-tip, pld (IM) 0 0 189A 4 Loin, tndrloin, trmd, heavy 12 92,270 879.55 988.45 905.08 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) 8 26,479 494.00 527.25 495.93 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 3 48,769 132.00 163.74 136.36 121D 4 Plate, Inside Skirt (IM) 6 65,011 446.99 503.42 464.85 121C 4 Plate, Outside Skirt (IM) 7 15,148 700.00 785.88 727.39 121E 6 Outside Skirt, pld (IM) 0 0 Cap, Wedge Meat & (IM) Lean 24 319,796 279.50 315.00 283.66 Pectoral Meat 14 122,452 280.00 329.00 303.63 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 20 155,792 160.00 195.75 172.01 Ground Beef 75% 0 0 Ground Beef 81% 35 203,060 164.95 225.75 184.51 Ground Beef 85% Ground Beef 90% 0 0 Ground Beef 93% 8 93,813 295.00 308.84 306.32 Ground Beef Chuck 80% 12 105,469 183.00 216.00 204.89 Ground Beef Round 85% 3 2,944 250.00 258.00 253.51 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% 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 14 366,974 78.00 86.64 83.13 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 .