LM_XB402 Des Moines, IA Mon, May 20, 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: 221.17 209.17 Change from prior day: 0.86 0.89 -------------------------------------------------------------------------------- Choice/Select spread: 12.00 Total Load Count (Cuts, Trimmings, Grinds): 37 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 360.94 329.83 Primal Chuck 175.01 173.88 Primal Round 163.96 164.50 Primal Loin 308.96 273.18 Primal Brisket 206.20 202.88 Primal Short Plate 161.66 161.66 Primal Flank 125.81 112.08 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 05/17 55 25 6 22 109 220.31 208.28 05/16 63 33 14 35 145 219.56 207.88 05/15 70 35 19 20 143 219.57 208.04 05/14 69 33 9 15 126 220.12 208.97 05/13 40 23 12 14 89 221.58 208.89 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 220.23 208.41 -------------------------------------------------------------------------------- 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 23.88 loads 955,138 pounds Select Cuts 10.68 loads 427,147 pounds Trimmings 0.00 loads 0 pounds Ground Beef 2.39 loads 95,790 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 6 15,115 671.50 705.14 693.51 112A 3 Rib, ribeye, bnls, light 3 6,731 777.00 780.00 777.17 112A 3 Rib, ribeye, bnls, heavy 9 79,849 767.50 798.00 770.94 113C 1 Chuck, semi-bnls, neck/off 3 8,439 209.30 218.00 213.57 114 1 Chuck, shoulder clod 5 20,090 212.00 228.26 223.11 114A 3 Chuck, shoulder clod, trmd 4 55,022 224.00 243.85 226.57 114D 3 Chuck, clod, top blade 114E 3 Chuck, clod, arm roast 19 18,931 238.00 255.00 247.66 114F 5 Chuck, clod tender (IM) 9 6,324 341.32 385.00 363.87 116A 3 Chuck, roll, lxl, neck/off 11 68,963 259.03 281.75 261.06 116B 1 Chuck, chuck tender (IM) 7 17,476 212.00 231.00 215.22 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 13 25,347 533.30 607.50 552.62 120 1 Brisket, deckle-off, bnls 13 79,408 290.00 308.89 291.19 120A 3 Brisket, point/off, bnls 3 6,556 484.00 485.00 484.17 123A 3 Short Plate, short rib 15 30,817 525.00 575.00 558.80 130 4 Chuck, short rib 15 35,215 320.64 380.00 355.31 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 9 33,183 220.00 245.00 227.25 168 1 Round, top inside round 4 8,227 203.00 203.00 203.00 168 3 Round, top inside round 8 68,340 198.30 226.75 203.80 169 5 Round, top inside, denuded 169A 5 Round, top inside, cap off 7 36,716 262.00 278.00 268.99 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 171B 3 Round, outside round 7 14,423 205.00 229.00 209.41 171C 3 Round, eye of round (IM) 8 33,743 210.00 239.00 213.28 174 3 Loin, short loin, 0x1 3 16,068 570.81 600.00 573.02 175 3 Loin, strip loin, 1x1 0 0 1 Loin, strip loin bnls. 1x1 180 3 Loin, strip, bnls, 0x1 7 69,986 712.55 771.50 725.02 184 1 Loin, top butt, bnls, heavy 6 14,861 310.00 320.00 313.57 184 3 Loin, top butt, boneless 6 17,591 320.00 346.71 328.15 184B 3 Loin, top butt, CC (IM) 185A 4 Loin, bottom sirloin, flap 6 49,541 505.00 539.71 513.53 185B 1 Loin, ball-tip, bnls, heavy 5 17,415 260.00 277.02 264.47 185C 1 Loin, sirloin, tri-tip (IM) 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 6 12,158 967.54 1025.50 1003.40 191A 4 Loin, butt tender, trimmed 5 2,835 979.05 985.00 981.42 193 4 Flank, flank steak (IM) 5 11,147 542.00 566.00 548.01 -------------------------------------------------------------------------------- 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 2,479 629.57 659.43 649.87 112A 3 Rib, ribeye, bnls, light 3 8,626 676.31 693.08 685.78 112A 3 Rib, ribeye, bnls, heavy 3 3,656 718.40 750.00 724.18 113C 1 Chuck, semi-bnls, neck/off 0 0 114 1 Chuck, shoulder clod 0 0 114A 3 Chuck, shoulder clod, trmd 114D 3 Chuck, clod, top blade 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 116A 3 Chuck, roll, lxl, neck/off 7 55,311 251.71 261.75 258.06 116B 1 Chuck, chuck tender (IM) 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 7 8,705 521.17 537.42 525.07 120 1 Brisket, deckle-off, bnls 120A 3 Brisket, point/off, bnls 123A 3 Short Plate, short rib 130 4 Chuck, short rib 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 6 31,290 219.42 228.00 222.98 168 1 Round, top inside round 168 3 Round, top inside round 7 55,677 200.57 214.46 205.95 169 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 3 4,925 186.05 211.91 190.53 171B 3 Round, outside round 0 0 171C 3 Round, eye of round (IM) 174 3 Loin, short loin, 0x1 4 9,109 490.00 531.06 507.17 175 3 Loin, strip loin, 1x1 0 0 1 Loin, strip loin bnls. 1x1 180 3 Loin, strip, bnls, 0x1 10 45,322 555.00 601.50 565.61 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 5 20,778 308.00 331.50 310.94 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap 0 0 185B 1 Loin, ball-tip, bnls, heavy 4 46,616 209.30 233.85 210.41 185C 1 Loin, sirloin, tri-tip (IM) 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 5 3,270 875.00 900.00 879.94 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 121D 4 Plate, Inside Skirt (IM) 12 21,519 432.00 456.08 441.91 121C 4 Plate, Outside Skirt (IM) 5 3,800 706.00 740.00 734.68 121E 6 Outside Skirt, pld (IM) 3 3,054 820.98 848.31 827.37 Cap, Wedge Meat & (IM) Lean 12 30,251 270.00 305.00 278.80 Pectoral Meat 6 8,621 286.00 300.00 297.53 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% Ground Beef 75% Ground Beef 81% 11 24,342 190.00 221.25 209.28 Ground Beef 85% 0 0 Ground Beef 90% 0 0 Ground Beef 93% Ground Beef Chuck 80% Ground Beef Round 85% 0 0 Ground Beef Sirloin 90% 0 0 -------------------------------------------------------------------------------- BLENDED GB - STEER/HEIFER/COW SOURCE - 10 Pound Chub Basis - Coarse & Fine Grind -------------------------------------------------------------------------------- Blended Ground Beef 73% 0 0 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 0 0 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 .