LM_XB403 Des Moines, IA Tue, Jan 15, 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 steady to firm on moderate to fairly good demand and heavy offerings. Select and Choice rib, round, and loin cuts steady to firm. Choice chuck cuts weak while Select firm. Beef trimmings mostly sharply higher on moderate to good demand and light offerings. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 212.21 205.87 Change from prior day: 0.19 0.41 -------------------------------------------------------------------------------- Choice/Select spread: 6.34 Total Load Count (Cuts, Trimmings, Grinds): 173 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 347.03 322.74 Primal Chuck 174.36 172.00 Primal Round 166.35 167.51 Primal Loin 280.65 267.15 Primal Brisket 190.80 187.73 Primal Short Plate 156.69 156.69 Primal Flank 108.67 105.21 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 01/14 76 21 21 21 138 212.02 205.46 01/11 57 13 17 20 107 212.46 206.27 01/10 77 23 9 16 125 213.96 207.77 01/09 76 12 10 29 126 213.84 206.47 01/08 112 37 8 26 183 213.98 207.26 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 213.25 206.65 -------------------------------------------------------------------------------- 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 124.54 loads 4,981,428 pounds Select Cuts 23.33 loads 933,131 pounds Trimmings 5.02 loads 200,607 pounds Ground Beef 20.45 loads 818,074 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 13 28,750 594.00 676.50 642.76 112A 3 Rib, ribeye, bnls, light 13 111,441 730.00 775.50 752.70 112A 3 Rib, ribeye, bnls, heavy 24 53,580 710.25 775.01 724.73 113C 1 Chuck, semi-bnls, neck/off 4 4,076 234.03 251.00 243.38 114 1 Chuck, shoulder clod 11 39,198 191.66 214.00 196.80 114A 3 Chuck, shoulder clod, trmd 32 673,437 196.00 228.00 204.61 114D 3 Chuck, clod, top blade 6 10,671 335.13 338.28 336.26 114E 3 Chuck, clod, arm roast 13 37,913 250.00 285.35 276.87 114F 5 Chuck, clod tender (IM) 10 9,579 397.25 436.75 418.55 116A 3 Chuck, roll, lxl, neck/off 31 108,688 284.25 307.00 290.63 116B 1 Chuck, chuck tender (IM) 16 61,819 223.91 249.03 226.39 3 Chuck roll, retail ready 17 179,967 298.35 324.83 307.37 116G 4 Chuck, flap (IM) 15 98,723 486.23 588.37 533.48 120 1 Brisket, deckle-off, bnls 26 158,812 265.00 304.55 272.92 120A 3 Brisket, point/off, bnls 5 3,727 445.00 490.00 472.13 123A 3 Short Plate, short rib 5 11,192 521.00 575.00 542.54 130 4 Chuck, short rib 24 105,360 299.75 430.00 322.52 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 43 257,797 225.00 266.00 233.48 168 1 Round, top inside round 28 760,675 196.03 207.44 200.73 168 3 Round, top inside round 52 561,161 202.00 229.00 209.13 169 5 Round, top inside, denuded 19 83,466 235.00 265.00 244.13 169A 5 Round, top inside, cap off 14 59,178 285.48 308.55 289.77 3 Round, top inside, side off 170 1 Round, bottom gooseneck 171B 3 Round, outside round 36 206,871 187.50 224.03 200.23 171C 3 Round, eye of round (IM) 45 132,533 237.00 267.00 247.77 174 3 Loin, short loin, 0x1 21 95,982 484.23 525.35 494.11 175 3 Loin, strip loin, 1x1 4 101,919 421.23 425.92 421.75 1 Loin, strip loin bnls. 1x1 180 3 Loin, strip, bnls, 0x1 29 164,552 518.66 555.75 534.35 184 1 Loin, top butt, bnls, heavy 5 12,996 314.00 359.52 330.61 184 3 Loin, top butt, boneless 32 219,066 327.26 364.38 342.86 184B 3 Loin, top butt, CC (IM) 4 63,432 460.00 465.00 461.69 185A 4 Loin, bottom sirloin, flap 31 98,027 490.00 564.25 508.65 185B 1 Loin, ball-tip, bnls, heavy 18 125,000 240.74 271.00 247.47 185C 1 Loin, sirloin, tri-tip (IM) 6 12,336 295.74 315.75 297.48 185D 4 Loin, tri-tip, pld (IM) 4 6,225 395.00 430.75 401.96 189A 4 Loin, tndrloin, trmd, heavy 30 131,157 990.94 1152.25 1042.33 191A 4 Loin, butt tender, trimmed 8 6,245 975.00 1050.00 1010.45 193 4 Flank, flank steak (IM) 12 28,113 460.00 497.23 480.72 -------------------------------------------------------------------------------- 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 6 11,267 576.15 630.00 592.04 112A 3 Rib, ribeye, bnls, light 6 41,583 641.34 664.00 662.47 112A 3 Rib, ribeye, bnls, heavy 17 20,507 649.15 705.30 668.81 113C 1 Chuck, semi-bnls, neck/off 114 1 Chuck, shoulder clod 5 83,952 191.59 206.75 193.52 114A 3 Chuck, shoulder clod, trmd 8 19,193 199.84 215.21 210.29 114D 3 Chuck, clod, top blade 0 0 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 0 0 116A 3 Chuck, roll, lxl, neck/off 19 84,645 280.00 310.00 288.62 116B 1 Chuck, chuck tender (IM) 10 10,358 225.00 245.00 228.23 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 9 13,778 485.63 517.64 500.57 120 1 Brisket, deckle-off, bnls 9 48,519 266.75 289.55 268.60 120A 3 Brisket, point/off, bnls 0 0 123A 3 Short Plate, short rib 130 4 Chuck, short rib 9 13,081 300.19 360.00 326.56 160 1 Round, bone-in 0 0 161 1 Round, boneless 0 0 167A 4 Round, knuckle, peeled 12 45,727 229.97 256.25 240.50 168 1 Round, top inside round 3 4,953 207.97 225.00 218.42 168 3 Round, top inside round 10 11,518 210.66 225.30 217.30 169 5 Round, top inside, denuded 3 35,247 235.00 236.00 235.44 169A 5 Round, top inside, cap off 0 0 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 171B 3 Round, outside round 12 77,569 187.50 213.00 196.33 171C 3 Round, eye of round (IM) 10 21,594 242.19 263.00 246.36 174 3 Loin, short loin, 0x1 10 74,931 436.67 485.00 443.21 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 16 40,551 458.15 502.95 489.98 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 10 27,000 328.00 353.00 340.62 184B 3 Loin, top butt, CC (IM) 185A 4 Loin, bottom sirloin, flap 4 1,782 503.00 511.25 507.33 185B 1 Loin, ball-tip, bnls, heavy 4 9,411 232.52 250.30 234.54 185C 1 Loin, sirloin, tri-tip (IM) 4 43,914 226.05 250.00 228.56 185D 4 Loin, tri-tip, pld (IM) 0 0 189A 4 Loin, tndrloin, trmd, heavy 16 14,947 905.44 1176.50 1026.03 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) 10 37,565 445.00 481.56 456.73 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 4 9,734 119.12 150.00 127.01 121D 4 Plate, Inside Skirt (IM) 16 30,112 505.00 527.00 511.77 121C 4 Plate, Outside Skirt (IM) 8 6,428 655.30 686.75 671.91 121E 6 Outside Skirt, pld (IM) 16 23,414 884.38 1015.00 913.33 Cap, Wedge Meat & (IM) Lean 29 140,793 289.73 320.00 300.35 Pectoral Meat 13 53,197 294.97 333.15 313.72 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 23 183,830 150.00 188.99 169.19 Ground Beef 75% Ground Beef 81% 38 215,939 170.00 199.25 179.55 Ground Beef 85% Ground Beef 90% Ground Beef 93% 9 31,914 290.85 312.91 295.49 Ground Beef Chuck 80% 10 28,015 175.00 210.50 200.57 Ground Beef Round 85% 8 24,436 238.87 262.00 248.11 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% Blended Ground Beef 81% Blended Ground Beef 85% Blended Ground Beef 90% Blended Ground Beef 93% 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 8 200,607 59.29 64.00 61.10 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 .