LM_XB402 Des Moines, IA Fri, Mar 01, 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: 220.97 216.69 Change from prior day: 1.02 1.42 -------------------------------------------------------------------------------- Choice/Select spread: 4.28 Total Load Count (Cuts, Trimmings, Grinds): 40 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 367.61 338.62 Primal Chuck 173.89 178.90 Primal Round 179.65 179.19 Primal Loin 296.86 286.45 Primal Brisket 186.23 184.62 Primal Short Plate 157.79 157.79 Primal Flank 117.19 115.15 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 02/28 64 24 8 40 136 219.95 215.27 02/27 78 19 11 21 128 219.46 212.79 02/26 82 27 9 15 134 219.67 213.73 02/25 49 14 4 16 83 219.55 214.57 02/22 33 12 8 28 82 219.39 212.35 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 219.61 213.74 -------------------------------------------------------------------------------- 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 21.12 loads 844,987 pounds Select Cuts 5.93 loads 237,107 pounds Trimmings 3.18 loads 127,228 pounds Ground Beef 9.89 loads 395,782 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 3 3,498 695.73 731.50 708.08 112A 3 Rib, ribeye, bnls, light 4 8,081 781.21 836.50 806.77 112A 3 Rib, ribeye, bnls, heavy 6 6,678 772.00 814.00 784.89 113C 1 Chuck, semi-bnls, neck/off 0 0 114 1 Chuck, shoulder clod 5 7,794 203.00 208.61 205.64 114A 3 Chuck, shoulder clod, trmd 7 75,165 218.00 225.00 218.96 114D 3 Chuck, clod, top blade 3 10,973 355.19 361.00 357.17 114E 3 Chuck, clod, arm roast 114F 5 Chuck, clod tender (IM) 4 4,853 485.00 485.00 485.00 116A 3 Chuck, roll, lxl, neck/off 10 28,849 267.79 282.25 274.74 116B 1 Chuck, chuck tender (IM) 8 23,307 222.36 251.50 241.80 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 4 6,260 541.41 569.61 562.39 120 1 Brisket, deckle-off, bnls 12 59,955 270.00 293.00 275.93 120A 3 Brisket, point/off, bnls 4 2,312 460.00 502.00 482.85 123A 3 Short Plate, short rib 5 9,572 570.00 582.25 578.45 130 4 Chuck, short rib 5 3,319 343.00 369.25 365.05 160 1 Round, bone-in 161 1 Round, boneless 0 0 167A 4 Round, knuckle, peeled 14 41,346 243.74 271.50 252.21 168 1 Round, top inside round 3 27,020 212.00 225.61 214.07 168 3 Round, top inside round 5 9,625 214.86 242.00 219.16 169 5 Round, top inside, denuded 6 32,323 250.95 263.00 251.47 169A 5 Round, top inside, cap off 3 Round, top inside, side off 170 1 Round, bottom gooseneck 0 0 171B 3 Round, outside round 171C 3 Round, eye of round (IM) 18 77,154 260.00 297.76 267.51 174 3 Loin, short loin, 0x1 4 8,954 543.95 609.25 558.40 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 16 60,814 555.00 638.25 606.18 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 13 90,760 343.00 385.00 352.19 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap 4 20,102 509.11 520.00 510.94 185B 1 Loin, ball-tip, bnls, heavy 3 6,268 275.00 275.00 275.00 185C 1 Loin, sirloin, tri-tip (IM) 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 13 51,227 992.36 1146.50 1017.78 191A 4 Loin, butt tender, trimmed 4 3,055 925.96 1000.00 935.92 193 4 Flank, flank steak (IM) 4 4,608 485.53 524.25 502.21 -------------------------------------------------------------------------------- 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 0 0 112A 3 Rib, ribeye, bnls, light 0 0 112A 3 Rib, ribeye, bnls, heavy 3 10,180 705.00 730.25 711.59 113C 1 Chuck, semi-bnls, neck/off 0 0 114 1 Chuck, shoulder clod 0 0 114A 3 Chuck, shoulder clod, trmd 0 0 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 116B 1 Chuck, chuck tender (IM) 0 0 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 3 2,907 484.30 548.65 493.62 120 1 Brisket, deckle-off, bnls 4 2,046 269.25 286.50 270.37 120A 3 Brisket, point/off, bnls 0 0 123A 3 Short Plate, short rib 130 4 Chuck, short rib 0 0 160 1 Round, bone-in 0 0 161 1 Round, boneless 167A 4 Round, knuckle, peeled 168 1 Round, top inside round 4 11,613 212.00 224.02 214.07 168 3 Round, top inside round 169 5 Round, top inside, denuded 0 0 169A 5 Round, top inside, cap off 0 0 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 4 3,520 204.30 209.25 208.10 171B 3 Round, outside round 0 0 171C 3 Round, eye of round (IM) 174 3 Loin, short loin, 0x1 9 74,686 525.00 550.00 533.52 175 3 Loin, strip loin, 1x1 0 0 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 6 10,515 531.35 550.00 539.86 184 1 Loin, top butt, bnls, heavy 0 0 184 3 Loin, top butt, boneless 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap (IM) 185B 1 Loin, ball-tip, bnls, heavy 185C 1 Loin, sirloin, tri-tip (IM) 4 38,752 283.60 310.77 296.75 185D 4 Loin, tri-tip, pld (IM) 0 0 189A 4 Loin, tndrloin, trmd, heavy 6 5,287 990.41 1082.25 1016.31 191A 4 Loin, butt tender, trimmed 0 0 193 4 Flank, flank steak (IM) 0 0 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 5 2,510 130.00 140.00 134.43 121D 4 Plate, Inside Skirt (IM) 10 109,897 440.00 472.74 441.78 121C 4 Plate, Outside Skirt (IM) 11 16,649 650.70 750.96 690.73 121E 6 Outside Skirt, pld (IM) 5 6,198 946.18 1065.00 987.20 Cap, Wedge Meat & (IM) Lean 16 40,684 304.00 334.58 313.30 Pectoral Meat 8 15,922 308.00 339.64 317.66 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 4 33,622 155.00 161.25 156.85 Ground Beef 75% Ground Beef 81% 13 81,827 176.00 197.60 185.54 Ground Beef 85% Ground Beef 90% 0 0 Ground Beef 93% 3 13,407 291.21 297.25 295.98 Ground Beef Chuck 80% Ground Beef Round 85% 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% 0 0 Blended Ground Beef 90% 0 0 Blended Ground Beef 93% 0 0 Blended Ground Beef Chuck 80% 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 4 127,228 71.25 76.75 74.90 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 1100C .