LM_XB403 Des Moines, IA Tue, May 07, 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 sharply lower on light to moderate demand and moderate to heavy offerings. Choice rib cuts firm while Select lower. Choice chuck cuts lower while Select steady. Select and Choice round cuts weak. Choice loin cuts lower while Select steady. Beef trimmings weak to lower on light to moderate demand and moderate offerings. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 223.87 211.83 Change from prior day: (3.13) (2.15) -------------------------------------------------------------------------------- Choice/Select spread: 12.04 Total Load Count (Cuts, Trimmings, Grinds): 168 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 378.95 351.16 Primal Chuck 171.62 171.01 Primal Round 161.79 160.52 Primal Loin 320.98 281.98 Primal Brisket 195.54 196.10 Primal Short Plate 164.05 164.05 Primal Flank 124.09 119.75 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 05/06 47 23 12 17 99 227.00 213.98 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 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 229.04 215.61 -------------------------------------------------------------------------------- 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 94.69 loads 3,787,432 pounds Select Cuts 34.77 loads 1,390,692 pounds Trimmings 16.27 loads 650,699 pounds Ground Beef 22.54 loads 901,591 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 18 313,699 699.43 760.00 721.60 112A 3 Rib, ribeye, bnls, light 10 37,396 800.00 858.88 824.03 112A 3 Rib, ribeye, bnls, heavy 26 56,429 779.86 855.00 814.78 113C 1 Chuck, semi-bnls, neck/off 5 50,347 210.60 226.25 215.23 114 1 Chuck, shoulder clod 5 6,497 220.00 231.97 226.18 114A 3 Chuck, shoulder clod, trmd 15 82,503 222.98 250.00 227.21 114D 3 Chuck, clod, top blade 7 37,267 344.00 396.03 352.89 114E 3 Chuck, clod, arm roast 8 40,790 239.00 255.00 239.32 114F 5 Chuck, clod tender (IM) 8 8,020 415.00 490.00 433.46 116A 3 Chuck, roll, lxl, neck/off 30 267,316 242.00 270.00 250.21 116B 1 Chuck, chuck tender (IM) 18 154,504 200.00 228.59 208.99 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 7 9,804 559.00 568.94 564.45 120 1 Brisket, deckle-off, bnls 31 121,080 270.28 302.00 277.26 120A 3 Brisket, point/off, bnls 4 5,131 475.00 500.00 485.21 123A 3 Short Plate, short rib 15 10,251 534.79 588.00 564.90 130 4 Chuck, short rib 15 34,376 334.64 380.00 356.38 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 26 138,742 215.00 240.00 224.05 168 1 Round, top inside round 16 439,234 194.00 229.15 194.38 168 3 Round, top inside round 31 289,981 200.00 222.25 203.14 169 5 Round, top inside, denuded 6 191,578 224.00 232.45 231.03 169A 5 Round, top inside, cap off 7 22,151 268.00 296.59 276.01 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 8 94,883 178.73 200.91 180.73 171B 3 Round, outside round 27 136,397 200.00 215.48 206.01 171C 3 Round, eye of round (IM) 27 86,859 209.88 234.00 221.68 174 3 Loin, short loin, 0x1 16 87,460 614.86 680.00 637.43 175 3 Loin, strip loin, 1x1 6 56,336 606.94 705.86 622.31 1 Loin, strip loin bnls. 1x1 180 3 Loin, strip, bnls, 0x1 24 71,944 775.75 850.00 791.99 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 18 89,950 334.60 369.00 346.61 184B 3 Loin, top butt, CC (IM) 5 25,389 448.70 518.00 458.40 185A 4 Loin, bottom sirloin, flap 24 482,277 499.09 590.66 511.20 185B 1 Loin, ball-tip, bnls, heavy 5 32,931 246.75 287.49 270.57 185C 1 Loin, sirloin, tri-tip (IM) 5 18,625 392.00 431.50 396.45 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 20 64,128 942.00 1107.00 971.19 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) 15 24,115 522.50 550.00 536.02 -------------------------------------------------------------------------------- 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 7,396 600.00 683.00 622.79 112A 3 Rib, ribeye, bnls, light 10 42,087 670.00 778.00 691.01 112A 3 Rib, ribeye, bnls, heavy 14 19,959 750.00 810.00 769.45 113C 1 Chuck, semi-bnls, neck/off 114 1 Chuck, shoulder clod 5 23,056 215.00 235.13 217.64 114A 3 Chuck, shoulder clod, trmd 9 67,562 224.04 240.30 231.09 114D 3 Chuck, clod, top blade 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 13 32,361 394.36 406.00 404.67 116A 3 Chuck, roll, lxl, neck/off 21 122,314 244.04 265.00 248.79 116B 1 Chuck, chuck tender (IM) 3 26,908 200.00 208.00 200.81 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 13 10,012 534.49 538.80 535.99 120 1 Brisket, deckle-off, bnls 6 8,026 268.66 286.08 276.96 120A 3 Brisket, point/off, bnls 0 0 123A 3 Short Plate, short rib 130 4 Chuck, short rib 12 66,453 286.00 335.28 312.54 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 12 45,682 214.00 240.30 218.05 168 1 Round, top inside round 10 175,978 194.00 207.64 194.55 168 3 Round, top inside round 18 310,840 197.10 213.00 199.96 169 5 Round, top inside, denuded 5 28,283 224.00 272.00 238.03 169A 5 Round, top inside, cap off 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 4 1,227 196.11 220.97 213.02 171B 3 Round, outside round 5 13,948 200.10 213.80 203.26 171C 3 Round, eye of round (IM) 12 29,796 198.69 240.00 214.08 174 3 Loin, short loin, 0x1 12 13,672 485.00 565.00 503.62 175 3 Loin, strip loin, 1x1 0 0 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 15 32,827 560.00 610.00 564.43 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 9 43,655 314.86 343.00 322.15 184B 3 Loin, top butt, CC (IM) 185A 4 Loin, bottom sirloin, flap 3 17,426 550.77 584.41 555.70 185B 1 Loin, ball-tip, bnls, heavy 7 30,747 215.00 260.30 227.64 185C 1 Loin, sirloin, tri-tip (IM) 6 17,333 350.00 398.49 372.26 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 8 19,998 879.86 998.13 894.41 191A 4 Loin, butt tender, trimmed 3 9,662 901.39 930.20 906.96 193 4 Flank, flank steak (IM) 5 4,353 512.61 525.03 515.54 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 121D 4 Plate, Inside Skirt (IM) 17 74,171 439.30 486.00 451.47 121C 4 Plate, Outside Skirt (IM) 11 39,568 642.59 783.00 657.09 121E 6 Outside Skirt, pld (IM) 8 7,186 959.37 977.95 974.99 Cap, Wedge Meat & (IM) Lean 32 35,391 290.00 325.30 299.66 Pectoral Meat 20 119,276 270.00 337.25 288.44 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 20 283,232 150.00 199.69 163.16 Ground Beef 75% Ground Beef 81% 29 172,672 180.50 217.25 188.45 Ground Beef 85% Ground Beef 90% 0 0 Ground Beef 93% 5 11,628 296.00 310.21 304.60 Ground Beef Chuck 80% 11 63,719 190.00 216.50 199.07 Ground Beef Round 85% 5 7,931 236.50 253.36 239.87 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% 0 0 Blended Ground Beef Sirloin 90% 0 0 -------------------------------------------------------------------------------- BEEF TRIMMINGS - STEER/HEIFER SOURCE - Fresh Combos & Frozen Boxed -------------------------------------------------------------------------------- Fresh 50% lean trimmings 19 650,699 74.66 98.36 80.43 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 .