LM_XB403 Des Moines, IA Fri, May 10, 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 firm on Select on light to moderate demand and moderate offerings. Choice rib, round, and loin cuts steady to weak while chuck cuts lower. Select rib, chuck, round, and loin cuts steady to firm. Beef trimmings weak on light to moderate demand and offerings. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 221.11 207.46 Change from prior day: (1.36) 0.38 -------------------------------------------------------------------------------- Choice/Select spread: 13.65 Total Load Count (Cuts, Trimmings, Grinds): 111 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 362.43 334.27 Primal Chuck 169.42 167.28 Primal Round 162.34 162.70 Primal Loin 318.95 275.06 Primal Brisket 197.97 192.18 Primal Short Plate 164.62 164.62 Primal Flank 121.68 113.69 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 05/09 90 27 7 57 181 222.47 207.08 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 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 224.74 210.73 -------------------------------------------------------------------------------- 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 46.84 loads 1,873,457 pounds Select Cuts 28.32 loads 1,132,692 pounds Trimmings 10.88 loads 435,005 pounds Ground Beef 24.72 loads 988,751 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 7 50,550 670.00 705.00 672.50 112A 3 Rib, ribeye, bnls, light 14 55,955 770.00 837.00 781.06 112A 3 Rib, ribeye, bnls, heavy 13 9,111 782.00 836.50 801.53 113C 1 Chuck, semi-bnls, neck/off 114 1 Chuck, shoulder clod 6 15,569 210.00 235.60 214.46 114A 3 Chuck, shoulder clod, trmd 10 60,805 220.24 230.00 225.13 114D 3 Chuck, clod, top blade 6 65,672 340.00 376.69 344.80 114E 3 Chuck, clod, arm roast 114F 5 Chuck, clod tender (IM) 5 2,498 390.64 430.00 425.73 116A 3 Chuck, roll, lxl, neck/off 25 202,420 239.62 266.00 251.37 116B 1 Chuck, chuck tender (IM) 8 46,185 207.94 219.05 213.27 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 4 3,362 541.00 565.09 551.85 120 1 Brisket, deckle-off, bnls 14 77,556 270.33 292.25 285.58 120A 3 Brisket, point/off, bnls 6 5,711 475.00 527.03 484.25 123A 3 Short Plate, short rib 13 27,345 474.95 586.75 536.08 130 4 Chuck, short rib 9 23,397 320.02 362.89 341.55 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 21 37,632 216.58 236.75 223.47 168 1 Round, top inside round 168 3 Round, top inside round 20 106,014 200.00 224.25 203.71 169 5 Round, top inside, denuded 6 38,560 231.08 236.00 233.87 169A 5 Round, top inside, cap off 5 38,800 265.24 291.29 265.99 3 Round, top inside, side off 170 1 Round, bottom gooseneck 6 2,207 190.00 210.60 196.37 171B 3 Round, outside round 18 108,438 199.59 216.25 203.61 171C 3 Round, eye of round (IM) 28 204,766 200.33 229.25 208.56 174 3 Loin, short loin, 0x1 21 71,916 565.00 681.50 633.51 175 3 Loin, strip loin, 1x1 6 96,633 555.00 675.00 573.31 1 Loin, strip loin bnls. 1x1 4 8,323 714.00 714.00 714.00 180 3 Loin, strip, bnls, 0x1 18 63,866 776.25 850.60 797.10 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 20 89,517 313.12 368.00 358.02 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap 13 38,133 501.00 570.00 538.87 185B 1 Loin, ball-tip, bnls, heavy 7 12,608 265.00 287.00 274.45 185C 1 Loin, sirloin, tri-tip (IM) 7 2,127 394.00 430.00 416.33 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 23 64,418 957.00 1042.00 972.30 191A 4 Loin, butt tender, trimmed 3 10,310 967.06 978.00 976.04 193 4 Flank, flank steak (IM) 8 17,644 510.00 542.00 518.17 -------------------------------------------------------------------------------- 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 3 1,703 630.00 729.00 650.50 112A 3 Rib, ribeye, bnls, light 8 133,173 667.00 729.27 671.00 112A 3 Rib, ribeye, bnls, heavy 7 18,258 670.00 795.00 705.64 113C 1 Chuck, semi-bnls, neck/off 0 0 114 1 Chuck, shoulder clod 6 162,713 214.78 220.00 215.91 114A 3 Chuck, shoulder clod, trmd 6 27,451 224.87 235.57 227.44 114D 3 Chuck, clod, top blade 0 0 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 116A 3 Chuck, roll, lxl, neck/off 14 206,924 238.09 255.00 247.01 116B 1 Chuck, chuck tender (IM) 5 20,759 200.00 215.00 205.92 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 120 1 Brisket, deckle-off, bnls 7 40,178 267.22 289.95 270.90 120A 3 Brisket, point/off, bnls 123A 3 Short Plate, short rib 130 4 Chuck, short rib 5 14,277 294.00 336.50 308.56 160 1 Round, bone-in 0 0 161 1 Round, boneless 0 0 167A 4 Round, knuckle, peeled 7 55,004 214.00 222.47 217.42 168 1 Round, top inside round 168 3 Round, top inside round 6 27,759 200.00 221.00 203.79 169 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 7 20,446 202.22 219.00 211.78 171C 3 Round, eye of round (IM) 6 8,708 205.81 218.37 211.08 174 3 Loin, short loin, 0x1 6 36,205 484.36 521.00 489.83 175 3 Loin, strip loin, 1x1 0 0 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 8 59,567 545.00 575.00 564.07 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 5 27,049 311.74 320.00 315.65 184B 3 Loin, top butt, CC (IM) 185A 4 Loin, bottom sirloin, flap 7 39,571 503.00 626.50 520.36 185B 1 Loin, ball-tip, bnls, heavy 3 1,536 220.64 245.31 240.48 185C 1 Loin, sirloin, tri-tip (IM) 3 16,444 340.00 360.00 342.29 185D 4 Loin, tri-tip, pld (IM) 0 0 189A 4 Loin, tndrloin, trmd, heavy 7 22,695 893.06 950.00 899.95 191A 4 Loin, butt tender, trimmed 7 12,173 867.00 973.87 881.08 193 4 Flank, flank steak (IM) 4 27,714 460.00 513.64 478.14 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 7 43,256 121.84 158.38 135.05 121D 4 Plate, Inside Skirt (IM) 19 99,014 445.00 466.75 450.99 121C 4 Plate, Outside Skirt (IM) 12 17,529 685.00 832.25 717.51 121E 6 Outside Skirt, pld (IM) 6 13,221 826.58 908.74 849.45 Cap, Wedge Meat & (IM) Lean 12 48,061 283.00 301.25 292.82 Pectoral Meat 16 63,605 277.00 320.00 286.68 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 9 73,083 160.00 191.25 166.51 Ground Beef 75% 0 0 Ground Beef 81% 32 236,323 180.00 230.00 193.90 Ground Beef 85% Ground Beef 90% 0 0 Ground Beef 93% 5 70,446 305.00 308.78 308.35 Ground Beef Chuck 80% 8 32,493 192.00 199.27 195.79 Ground Beef Round 85% 3 2,756 247.58 255.00 251.16 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% Blended Ground Beef Chuck 80% Blended Ground Beef Round 85% 0 0 Blended Ground Beef Sirloin 90% -------------------------------------------------------------------------------- BEEF TRIMMINGS - STEER/HEIFER SOURCE - Fresh Combos & Frozen Boxed -------------------------------------------------------------------------------- Fresh 50% lean trimmings 19 435,005 76.52 88.12 82.34 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 .