LM_XB403 Des Moines, IA Tue, Aug 20, 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 higher on Choice and steady on Select on moderate to fairly good demand and light offerings. Choice rib and chuck cuts steady to firm while round and loin cuts firm to higher. Select rib, round, and loin cuts steady to firm while chuck cuts weak. Beef trimmings sharply higher on good demand and moderate offerings. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 241.70 214.27 Change from prior day: 2.57 (0.25) -------------------------------------------------------------------------------- Choice/Select spread: 27.43 Total Load Count (Cuts, Trimmings, Grinds): 94 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 400.95 311.35 Primal Chuck 188.49 183.37 Primal Round 191.01 190.47 Primal Loin 333.43 265.24 Primal Brisket 201.09 187.99 Primal Short Plate 170.28 170.28 Primal Flank 137.15 124.40 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 08/19 30 17 6 7 60 239.13 214.52 08/16 55 16 10 19 100 238.69 213.26 08/15 36 17 7 19 79 236.12 210.67 08/14 59 35 34 33 162 232.34 205.92 08/13 72 44 32 26 173 226.36 200.58 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 234.53 208.99 -------------------------------------------------------------------------------- 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 41.55 loads 1,662,138 pounds Select Cuts 26.23 loads 1,049,289 pounds Trimmings 12.42 loads 496,811 pounds Ground Beef 13.94 loads 557,565 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 31,863 796.00 824.09 797.71 112A 3 Rib, ribeye, bnls, light 8 37,390 849.00 922.00 871.09 112A 3 Rib, ribeye, bnls, heavy 9 18,526 899.15 925.30 900.36 113C 1 Chuck, semi-bnls, neck/off 114 1 Chuck, shoulder clod 9 94,652 218.28 237.47 228.87 114A 3 Chuck, shoulder clod, trmd 10 145,175 218.00 233.30 226.46 114D 3 Chuck, clod, top blade 3 6,703 310.00 331.00 328.05 114E 3 Chuck, clod, arm roast 5 1,991 290.90 307.76 295.21 114F 5 Chuck, clod tender (IM) 4 5,710 355.85 381.70 373.53 116A 3 Chuck, roll, lxl, neck/off 14 29,363 277.94 300.53 289.51 116B 1 Chuck, chuck tender (IM) 10 21,621 231.50 250.87 238.46 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 11 19,699 451.69 524.80 470.38 120 1 Brisket, deckle-off, bnls 27 160,126 268.00 315.25 279.43 120A 3 Brisket, point/off, bnls 123A 3 Short Plate, short rib 9 50,450 523.46 595.00 533.37 130 4 Chuck, short rib 15 102,708 300.00 373.50 316.03 160 1 Round, bone-in 161 1 Round, boneless 0 0 167A 4 Round, knuckle, peeled 23 69,941 242.70 285.50 264.54 168 1 Round, top inside round 4 12,440 236.00 247.00 241.84 168 3 Round, top inside round 22 87,807 235.00 271.29 249.12 169 5 Round, top inside, denuded 5 8,135 272.50 311.00 296.20 169A 5 Round, top inside, cap off 4 9,463 328.00 366.74 345.79 3 Round, top inside, side off 170 1 Round, bottom gooseneck 4 5,794 208.90 240.00 230.36 171B 3 Round, outside round 10 63,521 224.00 264.90 248.19 171C 3 Round, eye of round (IM) 42 38,843 232.24 271.50 253.29 174 3 Loin, short loin, 0x1 10 35,980 714.50 741.75 726.52 175 3 Loin, strip loin, 1x1 6 126,109 595.00 679.55 666.66 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 11 28,459 749.74 777.00 763.50 184 1 Loin, top butt, bnls, heavy 3 2,359 300.25 312.35 301.78 184 3 Loin, top butt, boneless 13 24,579 307.94 349.00 314.49 184B 3 Loin, top butt, CC (IM) 185A 4 Loin, bottom sirloin, flap 13 20,861 619.09 701.50 657.80 185B 1 Loin, ball-tip, bnls, heavy 10 97,818 289.50 336.73 309.06 185C 1 Loin, sirloin, tri-tip (IM) 5 1,560 313.50 330.00 325.19 185D 4 Loin, tri-tip, pld (IM) 8 22,518 403.96 453.00 423.32 189A 4 Loin, tndrloin, trmd, heavy 16 40,831 986.34 1091.50 1035.91 191A 4 Loin, butt tender, trimmed 4 15,869 936.98 951.76 946.00 193 4 Flank, flank steak (IM) 14 43,469 554.05 590.00 568.40 -------------------------------------------------------------------------------- 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 9 9,605 506.00 553.20 546.82 112A 3 Rib, ribeye, bnls, light 3 2,343 595.00 619.74 612.52 112A 3 Rib, ribeye, bnls, heavy 14 27,910 588.50 642.75 616.86 113C 1 Chuck, semi-bnls, neck/off 114 1 Chuck, shoulder clod 4 12,145 214.05 225.00 221.56 114A 3 Chuck, shoulder clod, trmd 13 81,227 220.00 255.00 226.56 114D 3 Chuck, clod, top blade 114E 3 Chuck, clod, arm roast 114F 5 Chuck, clod tender (IM) 9 6,020 322.82 385.00 345.19 116A 3 Chuck, roll, lxl, neck/off 22 88,902 250.01 295.00 276.17 116B 1 Chuck, chuck tender (IM) 6 13,694 238.00 257.25 240.10 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 17 13,733 380.90 393.78 388.94 120 1 Brisket, deckle-off, bnls 13 200,844 255.32 280.00 259.29 120A 3 Brisket, point/off, bnls 0 0 123A 3 Short Plate, short rib 130 4 Chuck, short rib 160 1 Round, bone-in 0 0 161 1 Round, boneless 0 0 167A 4 Round, knuckle, peeled 5 5,682 260.30 276.86 266.11 168 1 Round, top inside round 7 17,744 236.00 264.42 252.16 168 3 Round, top inside round 10 16,791 234.50 271.00 252.89 169 5 Round, top inside, denuded 169A 5 Round, top inside, cap off 0 0 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 3 1,636 212.47 240.00 229.00 171B 3 Round, outside round 6 14,894 222.50 264.26 248.06 171C 3 Round, eye of round (IM) 19 47,103 238.30 267.00 250.94 174 3 Loin, short loin, 0x1 10 25,348 452.50 499.15 473.06 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 11 16,936 460.50 541.57 508.46 184 1 Loin, top butt, bnls, heavy 0 0 184 3 Loin, top butt, boneless 12 17,964 277.50 303.00 291.51 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap 5 2,734 570.00 660.00 617.44 185B 1 Loin, ball-tip, bnls, heavy 12 86,397 224.00 270.51 233.80 185C 1 Loin, sirloin, tri-tip (IM) 11 113,705 203.14 258.58 228.88 185D 4 Loin, tri-tip, pld (IM) 0 0 189A 4 Loin, tndrloin, trmd, heavy 9 17,459 879.74 900.70 892.14 191A 4 Loin, butt tender, trimmed 3 13,276 766.48 830.70 784.42 193 4 Flank, flank steak (IM) 6 1,246 471.01 500.00 484.25 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 3 15,759 131.00 145.57 144.73 121D 4 Plate, Inside Skirt (IM) 19 77,738 430.00 480.50 441.98 121C 4 Plate, Outside Skirt (IM) 8 6,724 655.00 790.00 673.92 121E 6 Outside Skirt, pld (IM) 6 7,886 820.25 850.70 826.46 Cap, Wedge Meat & (IM) Lean 25 140,166 240.00 283.75 247.60 Pectoral Meat 16 53,893 252.00 277.78 264.44 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 8 21,713 214.82 228.50 216.61 Ground Beef 75% Ground Beef 81% 20 111,986 202.00 263.30 244.03 Ground Beef 85% 0 0 Ground Beef 90% Ground Beef 93% 3 1,941 323.30 339.85 332.89 Ground Beef Chuck 80% 12 177,256 200.17 278.03 225.09 Ground Beef Round 85% 4 3,239 261.32 283.03 270.30 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% 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% 0 0 Blended Ground Beef Sirloin 90% 0 0 -------------------------------------------------------------------------------- BEEF TRIMMINGS - STEER/HEIFER SOURCE - Fresh Combos & Frozen Boxed -------------------------------------------------------------------------------- Fresh 50% lean trimmings 17 496,811 95.05 106.00 100.77 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 .