LM_XB403 Des Moines, IA Thu, May 09, 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 light to moderate demand and moderate to heavy offerings. Select and Choice chuck and round cuts steady to firm. Select rib cuts steady while Choice lower. Select loin cuts weak while Choice firm. Beef trimmings higher on moderate demand and light offerings. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 222.47 207.08 Change from prior day: (0.54) (0.41) -------------------------------------------------------------------------------- Choice/Select spread: 15.39 Total Load Count (Cuts, Trimmings, Grinds): 181 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 364.58 335.79 Primal Chuck 172.33 166.98 Primal Round 162.79 161.67 Primal Loin 320.26 273.30 Primal Brisket 195.82 195.23 Primal Short Plate 164.24 164.24 Primal Flank 121.94 114.15 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 05/08 86 54 23 18 181 223.01 207.49 05/07 95 35 16 23 168 223.87 211.83 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 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 226.01 212.33 -------------------------------------------------------------------------------- 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 90.03 loads 3,601,313 pounds Select Cuts 27.39 loads 1,095,698 pounds Trimmings 7.28 loads 291,086 pounds Ground Beef 56.69 loads 2,267,691 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 32 294,981 663.00 730.86 680.37 112A 3 Rib, ribeye, bnls, light 32 482,894 763.00 830.25 767.45 112A 3 Rib, ribeye, bnls, heavy 26 27,917 789.03 837.00 801.12 113C 1 Chuck, semi-bnls, neck/off 4 7,055 220.00 246.25 221.58 114 1 Chuck, shoulder clod 10 19,373 215.50 235.00 219.39 114A 3 Chuck, shoulder clod, trmd 5 17,749 223.00 251.25 230.33 114D 3 Chuck, clod, top blade 5 16,910 335.00 385.09 338.65 114E 3 Chuck, clod, arm roast 9 14,984 255.00 277.00 260.78 114F 5 Chuck, clod tender (IM) 9 27,593 380.00 435.46 387.28 116A 3 Chuck, roll, lxl, neck/off 30 66,154 246.13 264.25 252.75 116B 1 Chuck, chuck tender (IM) 14 51,075 200.00 232.00 215.15 3 Chuck roll, retail ready 7 41,034 269.13 291.42 272.73 116G 4 Chuck, flap (IM) 8 11,639 535.93 570.00 546.60 120 1 Brisket, deckle-off, bnls 26 146,439 275.00 294.25 279.01 120A 3 Brisket, point/off, bnls 6 6,544 450.26 475.00 464.84 123A 3 Short Plate, short rib 13 39,534 474.00 578.00 505.33 130 4 Chuck, short rib 16 41,934 320.00 366.25 335.01 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 54 140,215 209.28 244.53 220.28 168 1 Round, top inside round 17 222,925 190.29 205.00 194.86 168 3 Round, top inside round 16 61,324 200.20 223.00 207.22 169 5 Round, top inside, denuded 21 153,588 223.00 257.00 231.82 169A 5 Round, top inside, cap off 9 37,032 269.00 287.04 275.05 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 7 29,741 190.00 210.57 195.06 171B 3 Round, outside round 26 119,717 202.25 217.00 204.37 171C 3 Round, eye of round (IM) 48 186,233 201.48 237.00 215.92 174 3 Loin, short loin, 0x1 18 107,881 612.11 673.25 637.88 175 3 Loin, strip loin, 1x1 4 29,313 644.00 671.75 658.21 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 34 165,230 767.00 845.00 792.87 184 1 Loin, top butt, bnls, heavy 6 6,365 325.00 325.00 325.00 184 3 Loin, top butt, boneless 32 170,163 315.00 368.00 339.70 184B 3 Loin, top butt, CC (IM) 6 20,815 470.07 510.76 487.21 185A 4 Loin, bottom sirloin, flap 23 381,892 500.00 570.00 507.28 185B 1 Loin, ball-tip, bnls, heavy 13 25,535 257.00 274.71 265.30 185C 1 Loin, sirloin, tri-tip (IM) 11 81,134 404.83 440.00 406.04 185D 4 Loin, tri-tip, pld (IM) 9 8,926 575.00 615.00 594.60 189A 4 Loin, tndrloin, trmd, heavy 38 152,516 952.00 1035.75 964.75 191A 4 Loin, butt tender, trimmed 5 5,668 967.13 988.00 978.07 193 4 Flank, flank steak (IM) 12 35,519 520.26 556.25 522.56 -------------------------------------------------------------------------------- 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 9 41,934 591.86 700.00 596.18 112A 3 Rib, ribeye, bnls, light 11 17,987 680.00 810.00 728.44 112A 3 Rib, ribeye, bnls, heavy 18 48,583 721.56 791.50 729.71 113C 1 Chuck, semi-bnls, neck/off 114 1 Chuck, shoulder clod 3 7,888 215.50 228.00 221.87 114A 3 Chuck, shoulder clod, trmd 8 25,348 226.00 235.00 231.77 114D 3 Chuck, clod, top blade 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 6 6,889 361.50 430.00 371.21 116A 3 Chuck, roll, lxl, neck/off 11 40,212 243.92 260.75 249.59 116B 1 Chuck, chuck tender (IM) 10 30,377 200.00 225.24 210.58 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 6 7,203 531.00 561.50 540.08 120 1 Brisket, deckle-off, bnls 6 12,985 272.50 289.25 276.83 120A 3 Brisket, point/off, bnls 0 0 123A 3 Short Plate, short rib 130 4 Chuck, short rib 160 1 Round, bone-in 0 0 161 1 Round, boneless 0 0 167A 4 Round, knuckle, peeled 8 24,019 209.90 232.00 215.41 168 1 Round, top inside round 7 21,463 191.00 212.00 194.69 168 3 Round, top inside round 16 114,571 199.00 228.93 203.80 169 5 Round, top inside, denuded 5 18,852 224.00 248.68 234.97 169A 5 Round, top inside, cap off 0 0 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 171B 3 Round, outside round 9 16,765 198.68 219.25 202.21 171C 3 Round, eye of round (IM) 7 12,497 205.71 231.25 215.71 174 3 Loin, short loin, 0x1 24 87,568 475.00 565.25 487.89 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 14 27,767 527.50 580.25 549.35 184 1 Loin, top butt, bnls, heavy 0 0 184 3 Loin, top butt, boneless 14 158,242 310.00 335.75 315.78 184B 3 Loin, top butt, CC (IM) 185A 4 Loin, bottom sirloin, flap (IM) 185B 1 Loin, ball-tip, bnls, heavy 8 43,628 215.00 227.09 219.46 185C 1 Loin, sirloin, tri-tip (IM) 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 15 55,101 874.87 979.25 885.54 191A 4 Loin, butt tender, trimmed 7 10,653 855.93 874.78 865.69 193 4 Flank, flank steak (IM) 7 27,089 453.00 536.75 462.13 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 4 25,245 130.00 140.00 134.85 121D 4 Plate, Inside Skirt (IM) 17 29,979 438.00 492.00 459.84 121C 4 Plate, Outside Skirt (IM) 20 21,459 666.40 835.25 704.71 121E 6 Outside Skirt, pld (IM) 6 13,966 847.40 1107.00 877.86 Cap, Wedge Meat & (IM) Lean 30 124,992 283.10 308.00 292.56 Pectoral Meat 17 69,439 275.00 323.50 290.51 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 27 265,480 151.26 199.69 162.75 Ground Beef 75% Ground Beef 81% 56 494,029 173.70 231.25 184.89 Ground Beef 85% Ground Beef 90% Ground Beef 93% 8 10,430 289.00 309.95 298.05 Ground Beef Chuck 80% 11 143,420 181.00 220.25 193.51 Ground Beef Round 85% 4 16,410 251.75 265.00 257.82 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% 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 10 291,086 81.00 85.75 82.60 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 .