LM_XB403 Des Moines, IA Mon, May 06, 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 on Choice and firm on Select on light to moderate demand and moderate offerings. Select and Choice chuck and round cuts steady to firm while loin cuts steady to weak. Choice rib cuts lower while Select firm. Beef trimmings unevenly steady on moderate demand and offerings. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 227.00 213.98 Change from prior day: (0.36) 0.69 -------------------------------------------------------------------------------- Choice/Select spread: 13.02 Total Load Count (Cuts, Trimmings, Grinds): 99 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 376.51 360.85 Primal Chuck 174.45 171.12 Primal Round 164.66 162.61 Primal Loin 328.10 282.88 Primal Brisket 195.89 196.21 Primal Short Plate 169.61 169.61 Primal Flank 124.25 118.28 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 05/03 44 34 9 20 107 227.36 213.29 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 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 230.27 216.36 -------------------------------------------------------------------------------- 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 46.86 loads 1,874,385 pounds Select Cuts 22.85 loads 913,812 pounds Trimmings 11.92 loads 476,714 pounds Ground Beef 17.07 loads 682,609 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 11 98,363 699.94 756.75 706.99 112A 3 Rib, ribeye, bnls, light 4 1,977 830.00 861.25 851.65 112A 3 Rib, ribeye, bnls, heavy 13 11,214 815.57 851.71 838.20 113C 1 Chuck, semi-bnls, neck/off 9 22,933 218.50 241.75 221.68 114 1 Chuck, shoulder clod 11 208,594 220.00 228.07 225.71 114A 3 Chuck, shoulder clod, trmd 6 34,273 228.25 240.63 233.53 114D 3 Chuck, clod, top blade 6 9,109 356.00 400.86 370.50 114E 3 Chuck, clod, arm roast 22 47,164 245.00 287.76 256.16 114F 5 Chuck, clod tender (IM) 6 3,009 476.25 525.00 503.11 116A 3 Chuck, roll, lxl, neck/off 20 60,911 249.00 271.75 252.92 116B 1 Chuck, chuck tender (IM) 8 44,547 209.00 233.64 211.58 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 12 16,720 545.43 573.50 563.33 120 1 Brisket, deckle-off, bnls 30 248,870 270.72 291.75 277.69 120A 3 Brisket, point/off, bnls 8 4,060 475.00 500.06 482.64 123A 3 Short Plate, short rib 20 40,264 566.30 596.75 578.25 130 4 Chuck, short rib 25 67,438 335.60 380.00 352.93 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 22 69,326 213.00 246.75 222.93 168 1 Round, top inside round 8 15,929 205.96 212.57 209.14 168 3 Round, top inside round 14 83,801 203.00 231.75 211.42 169 5 Round, top inside, denuded 4 7,457 229.00 265.00 236.57 169A 5 Round, top inside, cap off 9 7,963 284.00 300.00 292.31 3 Round, top inside, side off 170 1 Round, bottom gooseneck 3 5,516 197.00 206.75 201.18 171B 3 Round, outside round 16 55,031 199.00 226.00 202.18 171C 3 Round, eye of round (IM) 21 51,467 212.06 232.26 217.19 174 3 Loin, short loin, 0x1 13 153,334 630.59 690.00 635.82 175 3 Loin, strip loin, 1x1 4 81,155 612.45 681.75 615.17 1 Loin, strip loin bnls. 1x1 3 2,152 742.00 742.00 742.00 180 3 Loin, strip, bnls, 0x1 3 2,876 797.50 856.29 813.68 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 11 62,270 335.00 367.48 349.77 184B 3 Loin, top butt, CC (IM) 4 4,500 455.00 500.14 466.35 185A 4 Loin, bottom sirloin, flap 11 22,859 585.00 683.25 623.65 185B 1 Loin, ball-tip, bnls, heavy 10 22,047 263.30 278.04 274.57 185C 1 Loin, sirloin, tri-tip (IM) 6 6,351 395.00 430.00 404.27 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 8 33,926 956.00 1036.75 967.19 191A 4 Loin, butt tender, trimmed 5 8,545 950.00 971.08 967.91 193 4 Flank, flank steak (IM) 13 14,805 532.00 566.75 539.10 -------------------------------------------------------------------------------- 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 6 24,514 675.00 724.06 694.73 112A 3 Rib, ribeye, bnls, light 4 15,268 715.87 816.40 727.22 112A 3 Rib, ribeye, bnls, heavy 12 19,131 757.40 810.00 778.83 113C 1 Chuck, semi-bnls, neck/off 114 1 Chuck, shoulder clod 6 55,222 215.00 230.00 217.82 114A 3 Chuck, shoulder clod, trmd 9 45,835 225.73 242.06 233.64 114D 3 Chuck, clod, top blade 114E 3 Chuck, clod, arm roast 114F 5 Chuck, clod tender (IM) 3 4,905 445.00 525.00 484.09 116A 3 Chuck, roll, lxl, neck/off 11 31,261 243.28 265.00 253.39 116B 1 Chuck, chuck tender (IM) 3 3,420 215.43 226.00 219.29 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 8 9,189 534.06 556.29 542.49 120 1 Brisket, deckle-off, bnls 4 22,993 278.00 281.43 278.92 120A 3 Brisket, point/off, bnls 0 0 123A 3 Short Plate, short rib 130 4 Chuck, short rib 10 18,894 286.00 345.63 329.13 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 7 91,237 212.00 231.00 214.00 168 1 Round, top inside round 168 3 Round, top inside round 11 85,811 205.00 231.75 206.41 169 5 Round, top inside, denuded 3 7,370 240.00 253.03 249.25 169A 5 Round, top inside, cap off 0 0 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 3 3,663 193.35 211.42 200.71 171B 3 Round, outside round 6 10,780 210.58 216.32 213.28 171C 3 Round, eye of round (IM) 7 32,645 211.63 225.00 216.73 174 3 Loin, short loin, 0x1 5 14,942 492.00 562.00 496.55 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 8 13,763 562.25 600.00 568.56 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 9 36,171 316.12 359.06 327.09 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap 6 12,138 540.00 626.50 557.48 185B 1 Loin, ball-tip, bnls, heavy 6 90,751 215.00 233.33 216.50 185C 1 Loin, sirloin, tri-tip (IM) 3 17,386 365.00 365.00 365.00 185D 4 Loin, tri-tip, pld (IM) 0 0 189A 4 Loin, tndrloin, trmd, heavy 9 57,646 906.26 999.25 914.96 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) 4 3,653 500.00 511.00 502.54 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 3 4,284 123.00 140.00 126.32 121D 4 Plate, Inside Skirt (IM) 17 36,262 452.86 474.04 464.69 121C 4 Plate, Outside Skirt (IM) 16 19,946 740.00 851.00 785.44 121E 6 Outside Skirt, pld (IM) 7 10,504 964.79 1140.00 1029.83 Cap, Wedge Meat & (IM) Lean 23 122,227 275.00 326.58 291.92 Pectoral Meat 15 104,303 288.43 321.19 315.65 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 11 164,453 159.00 191.25 166.89 Ground Beef 75% 0 0 Ground Beef 81% 29 321,762 172.95 227.00 190.54 Ground Beef 85% Ground Beef 90% 0 0 Ground Beef 93% Ground Beef Chuck 80% 5 46,103 196.00 213.00 199.55 Ground Beef Round 85% 0 0 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% 0 0 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 17 476,714 74.66 90.75 83.75 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 .