LM_XB402 Des Moines, IA Wed, Jan 23, 2019 USDA Market News NATIONAL DAILY BOXED BEEF CUTOUT AND BOXED BEEF CUTS - Negotiated Sales - Morning USDA ESTIMATED BOXED BEEF CUT-OUT VALUES - as of 9:30am 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. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 216.74 211.56 Change from prior day: 0.40 (0.16) -------------------------------------------------------------------------------- Choice/Select spread: 5.18 Total Load Count (Cuts, Trimmings, Grinds): 87 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 347.82 327.41 Primal Chuck 177.48 179.04 Primal Round 175.03 175.74 Primal Loin 287.43 272.82 Primal Brisket 191.67 185.70 Primal Short Plate 158.26 158.26 Primal Flank 107.97 105.97 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 01/22 46 29 5 14 94 216.34 211.72 01/21 52 16 8 19 94 215.26 210.86 01/18 38 13 17 29 96 213.15 209.45 01/17 55 25 8 41 129 212.50 207.64 01/16 81 19 14 27 140 211.93 206.94 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 213.84 209.32 -------------------------------------------------------------------------------- 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 44.71 loads 1,788,328 pounds Select Cuts 11.96 loads 478,497 pounds Trimmings 9.10 loads 363,833 pounds Ground Beef 21.55 loads 862,125 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 26 12,117 620.00 675.00 636.44 112A 3 Rib, ribeye, bnls, light 8 21,125 753.00 790.00 765.49 112A 3 Rib, ribeye, bnls, heavy 60 126,609 725.00 769.55 734.96 113C 1 Chuck, semi-bnls, neck/off 9 32,379 230.00 246.75 232.65 114 1 Chuck, shoulder clod 5 4,715 198.51 211.00 201.42 114A 3 Chuck, shoulder clod, trmd 24 25,922 206.00 220.00 212.85 114D 3 Chuck, clod, top blade 114E 3 Chuck, clod, arm roast 5 5,060 260.00 271.50 264.34 114F 5 Chuck, clod tender (IM) 6 8,324 400.00 435.00 426.86 116A 3 Chuck, roll, lxl, neck/off 76 104,932 285.34 311.75 293.78 116B 1 Chuck, chuck tender (IM) 29 41,447 219.56 246.00 234.09 3 Chuck roll, retail ready 5 88,195 306.05 324.00 310.64 116G 4 Chuck, flap (IM) 7 4,198 538.53 541.56 540.37 120 1 Brisket, deckle-off, bnls 52 45,344 269.00 294.15 275.60 120A 3 Brisket, point/off, bnls 9 17,433 468.00 538.77 488.33 123A 3 Short Plate, short rib 21 30,699 490.00 675.25 554.15 130 4 Chuck, short rib 54 74,648 298.83 389.25 320.71 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 76 45,486 235.00 262.70 244.16 168 1 Round, top inside round 56 33,630 208.00 221.14 213.59 168 3 Round, top inside round 17 22,646 220.00 232.00 224.37 169 5 Round, top inside, denuded 13 60,737 237.00 266.50 248.61 169A 5 Round, top inside, cap off 6 59,636 294.56 315.00 309.22 3 Round, top inside, side off 170 1 Round, bottom gooseneck 4 16,033 190.74 216.00 193.01 171B 3 Round, outside round 48 185,374 210.00 228.00 214.56 171C 3 Round, eye of round (IM) 60 136,213 248.37 264.80 254.39 174 3 Loin, short loin, 0x1 13 45,731 487.00 536.00 493.05 175 3 Loin, strip loin, 1x1 4 81,618 440.00 467.00 452.80 1 Loin, strip loin bnls. 1x1 4 3,613 485.25 498.50 491.01 180 3 Loin, strip, bnls, 0x1 61 124,040 520.00 573.00 533.55 184 1 Loin, top butt, bnls, heavy 12 5,804 339.55 361.53 349.80 184 3 Loin, top butt, boneless 36 24,635 351.48 364.00 361.21 184B 3 Loin, top butt, CC (IM) 185A 4 Loin, bottom sirloin, flap 17 18,787 513.00 579.25 540.02 185B 1 Loin, ball-tip, bnls, heavy 12 10,716 253.00 270.00 265.37 185C 1 Loin, sirloin, tri-tip (IM) 185D 4 Loin, tri-tip, pld (IM) 15 10,445 405.62 442.00 415.00 189A 4 Loin, tndrloin, trmd, heavy 55 79,714 1025.00 1156.50 1070.63 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) 16 85,292 466.69 500.00 472.85 -------------------------------------------------------------------------------- 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 4 1,986 604.56 625.51 617.88 112A 3 Rib, ribeye, bnls, light 4 4,268 669.56 705.25 695.61 112A 3 Rib, ribeye, bnls, heavy 9 10,930 659.56 701.50 677.95 113C 1 Chuck, semi-bnls, neck/off 114 1 Chuck, shoulder clod 114A 3 Chuck, shoulder clod, trmd 3 3,736 208.51 215.42 213.63 114D 3 Chuck, clod, top blade 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 3 2,832 400.00 420.00 409.58 116A 3 Chuck, roll, lxl, neck/off 8 11,260 288.00 297.25 290.49 116B 1 Chuck, chuck tender (IM) 0 0 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 0 0 120 1 Brisket, deckle-off, bnls 3 3,240 270.00 272.42 270.52 120A 3 Brisket, point/off, bnls 123A 3 Short Plate, short rib 130 4 Chuck, short rib 6 54,519 298.83 317.42 313.73 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 6 5,491 235.00 256.00 241.64 168 1 Round, top inside round 3 2,334 215.00 226.15 223.32 168 3 Round, top inside round 169 5 Round, top inside, denuded 0 0 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 18,632 211.17 220.00 214.33 171C 3 Round, eye of round (IM) 4 5,715 248.43 252.42 249.33 174 3 Loin, short loin, 0x1 7 4,745 493.25 505.00 503.11 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 9 16,486 497.42 520.00 510.66 184 1 Loin, top butt, bnls, heavy 5 5,000 322.00 322.00 322.00 184 3 Loin, top butt, boneless 5 4,465 340.30 351.00 343.68 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap 4 4,704 490.00 516.25 511.18 185B 1 Loin, ball-tip, bnls, heavy 185C 1 Loin, sirloin, tri-tip (IM) 8 21,470 247.30 278.50 269.38 185D 4 Loin, tri-tip, pld (IM) 0 0 189A 4 Loin, tndrloin, trmd, heavy 9 20,015 1010.00 1161.00 1014.66 191A 4 Loin, butt tender, trimmed 5 17,679 924.27 999.56 927.35 193 4 Flank, flank steak (IM) -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 4 12,504 124.56 150.25 130.33 121D 4 Plate, Inside Skirt (IM) 6 9,479 523.06 535.41 530.07 121C 4 Plate, Outside Skirt (IM) 16 10,613 655.00 691.75 677.99 121E 6 Outside Skirt, pld (IM) Cap, Wedge Meat & (IM) Lean 17 52,010 294.00 315.00 304.54 Pectoral Meat 15 31,576 306.00 346.00 314.15 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 11 150,262 164.81 192.42 178.59 Ground Beef 75% Ground Beef 81% 41 167,548 180.00 215.42 187.54 Ground Beef 85% 0 0 Ground Beef 90% Ground Beef 93% 13 78,225 299.25 308.50 303.96 Ground Beef Chuck 80% 9 61,462 194.81 217.00 209.59 Ground Beef Round 85% Ground Beef Sirloin 90% -------------------------------------------------------------------------------- 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% 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 11 363,833 47.00 64.25 55.11 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. -------------------------------------------------------------------------------