LM_XB402 Des Moines, IA Wed, Oct 16, 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: 219.00 192.36 Change from prior day: 0.98 0.88 -------------------------------------------------------------------------------- Choice/Select spread: 26.64 Total Load Count (Cuts, Trimmings, Grinds): 97 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 398.36 296.56 Primal Chuck 172.15 165.08 Primal Round 177.41 174.95 Primal Loin 279.10 225.52 Primal Brisket 203.42 186.04 Primal Short Plate 142.14 142.14 Primal Flank 104.26 100.24 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 10/15 62 34 20 45 160 218.02 191.48 10/14 47 14 7 14 82 217.22 189.33 10/11 36 25 21 29 110 215.66 188.68 10/10 61 25 6 12 105 215.63 186.66 10/09 65 59 25 22 171 214.60 186.12 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 216.23 188.46 -------------------------------------------------------------------------------- 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 42.98 loads 1,719,185 pounds Select Cuts 18.57 loads 742,978 pounds Trimmings 12.84 loads 513,530 pounds Ground Beef 22.55 loads 902,040 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 10 171,816 790.00 847.00 798.57 112A 3 Rib, ribeye, bnls, light 3 1,560 915.00 941.00 924.11 112A 3 Rib, ribeye, bnls, heavy 32 31,372 880.00 950.53 904.87 113C 1 Chuck, semi-bnls, neck/off 5 9,432 225.00 238.08 226.20 114 1 Chuck, shoulder clod 4 4,460 220.96 229.97 224.18 114A 3 Chuck, shoulder clod, trmd 18 44,378 225.30 246.00 233.35 114D 3 Chuck, clod, top blade 114E 3 Chuck, clod, arm roast 11 28,286 310.00 330.00 325.74 114F 5 Chuck, clod tender (IM) 3 3,103 470.00 480.75 472.00 116A 3 Chuck, roll, lxl, neck/off 26 43,518 271.50 300.00 287.67 116B 1 Chuck, chuck tender (IM) 16 28,743 229.72 245.00 235.67 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 13 33,344 452.90 499.78 473.02 120 1 Brisket, deckle-off, bnls 29 77,036 279.46 329.25 297.66 120A 3 Brisket, point/off, bnls 6 4,040 489.00 505.00 497.68 123A 3 Short Plate, short rib 11 14,643 446.73 540.00 483.23 130 4 Chuck, short rib 13 8,211 312.00 380.00 346.99 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 26 29,428 236.73 269.70 248.06 168 1 Round, top inside round 27 341,603 215.00 233.00 222.21 168 3 Round, top inside round 19 57,051 218.00 233.00 222.66 169 5 Round, top inside, denuded 11 10,619 250.00 285.00 267.18 169A 5 Round, top inside, cap off 6 11,350 283.00 299.88 290.17 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 171B 3 Round, outside round 21 86,699 225.49 257.00 234.03 171C 3 Round, eye of round (IM) 44 140,100 239.49 273.70 247.18 174 3 Loin, short loin, 0x1 8 3,411 480.90 545.00 499.15 175 3 Loin, strip loin, 1x1 6 24,748 440.00 469.00 441.70 1 Loin, strip loin bnls. 1x1 180 3 Loin, strip, bnls, 0x1 52 106,746 515.00 579.00 530.88 184 1 Loin, top butt, bnls, heavy 3 2,004 284.82 300.50 293.45 184 3 Loin, top butt, boneless 18 149,261 294.25 325.00 308.60 184B 3 Loin, top butt, CC (IM) 6 4,561 427.48 465.50 441.78 185A 4 Loin, bottom sirloin, flap 11 10,321 455.43 504.25 485.27 185B 1 Loin, ball-tip, bnls, heavy 15 40,137 220.00 251.00 241.75 185C 1 Loin, sirloin, tri-tip (IM) 6 12,356 365.00 376.00 365.62 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 32 73,899 1065.00 1175.43 1138.87 191A 4 Loin, butt tender, trimmed 0 0 193 4 Flank, flank steak (IM) 18 24,329 454.25 486.10 462.99 -------------------------------------------------------------------------------- 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 4,299 524.80 539.00 529.25 112A 3 Rib, ribeye, bnls, light 8 15,767 564.50 615.00 572.33 112A 3 Rib, ribeye, bnls, heavy 5 6,260 565.00 617.75 582.15 113C 1 Chuck, semi-bnls, neck/off 114 1 Chuck, shoulder clod 114A 3 Chuck, shoulder clod, trmd 3 2,173 229.00 231.06 230.28 114D 3 Chuck, clod, top blade 0 0 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 4 2,702 410.65 430.00 422.11 116A 3 Chuck, roll, lxl, neck/off 37 58,983 250.00 280.25 263.43 116B 1 Chuck, chuck tender (IM) 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 4 8,222 341.67 367.00 356.17 120 1 Brisket, deckle-off, bnls 16 55,678 259.00 295.50 271.07 120A 3 Brisket, point/off, bnls 123A 3 Short Plate, short rib 130 4 Chuck, short rib 8 1,569 270.00 299.00 275.40 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 5 8,389 240.00 256.00 244.56 168 1 Round, top inside round 3 4,554 215.00 233.00 217.13 168 3 Round, top inside round 14 243,944 220.00 227.00 220.94 169 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 10 45,557 224.00 245.00 229.91 171C 3 Round, eye of round (IM) 9 24,826 238.99 252.00 244.44 174 3 Loin, short loin, 0x1 8 5,686 352.88 400.12 370.54 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 10 79,059 363.00 400.00 365.28 184 1 Loin, top butt, bnls, heavy 3 1,265 240.00 249.82 245.69 184 3 Loin, top butt, boneless 15 18,333 256.88 275.00 263.27 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap (IM) 185B 1 Loin, ball-tip, bnls, heavy 3 7,893 215.00 235.00 218.37 185C 1 Loin, sirloin, tri-tip (IM) 3 3,657 245.66 252.30 246.31 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 4 2,208 940.00 956.11 949.45 191A 4 Loin, butt tender, trimmed 4 2,729 916.00 920.75 919.67 193 4 Flank, flank steak (IM) 5 6,507 435.00 445.00 442.03 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 121D 4 Plate, Inside Skirt (IM) 13 19,082 414.72 445.00 420.03 121C 4 Plate, Outside Skirt (IM) 7 4,725 560.00 640.75 571.34 121E 6 Outside Skirt, pld (IM) 4 9,032 810.00 836.00 816.46 Cap, Wedge Meat & (IM) Lean 22 75,203 234.21 275.00 250.61 Pectoral Meat 14 24,976 239.00 266.00 250.47 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 25 144,736 137.00 186.50 154.35 Ground Beef 75% Ground Beef 81% 28 137,767 162.00 190.50 169.59 Ground Beef 85% Ground Beef 90% Ground Beef 93% 10 36,336 285.75 308.50 296.64 Ground Beef Chuck 80% 7 103,242 185.23 191.00 185.97 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% 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 13 513,530 51.00 53.00 51.93 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 .