LM_XB403 Des Moines, IA Fri, Mar 22, 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 on Choice and firm on Select on light to moderate demand and offerings. Select and Choice rib, round, and loin cuts steady while chuck cuts steady to firm. Beef trimmings mostly steady to weak on light demand and light to moderate offerings. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 229.09 218.64 Change from prior day: (0.22) 0.27 -------------------------------------------------------------------------------- Choice/Select spread: 10.45 Total Load Count (Cuts, Trimmings, Grinds): 72 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 378.28 334.36 Primal Chuck 179.95 177.93 Primal Round 184.98 186.78 Primal Loin 308.40 284.08 Primal Brisket 196.86 194.31 Primal Short Plate 169.78 169.78 Primal Flank 119.92 121.28 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 03/21 72 19 7 13 111 229.31 218.37 03/20 52 18 4 26 100 228.67 218.63 03/19 67 24 12 19 121 229.33 219.46 03/18 37 14 10 12 74 228.33 218.21 03/15 63 15 11 13 103 226.99 217.34 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 228.53 218.40 -------------------------------------------------------------------------------- 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 42.73 loads 1,709,084 pounds Select Cuts 8.08 loads 323,313 pounds Trimmings 8.05 loads 321,800 pounds Ground Beef 13.26 loads 530,315 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 81,086 699.22 765.25 702.77 112A 3 Rib, ribeye, bnls, light 8 33,249 793.51 846.50 804.00 112A 3 Rib, ribeye, bnls, heavy 12 28,482 800.00 830.00 813.78 113C 1 Chuck, semi-bnls, neck/off 4 33,873 236.25 251.05 245.42 114 1 Chuck, shoulder clod 7 47,150 214.00 229.45 218.93 114A 3 Chuck, shoulder clod, trmd 17 68,915 224.00 247.00 228.21 114D 3 Chuck, clod, top blade 114E 3 Chuck, clod, arm roast 3 7,620 299.00 305.00 300.61 114F 5 Chuck, clod tender (IM) 10 11,669 526.41 550.00 533.05 116A 3 Chuck, roll, lxl, neck/off 20 117,804 269.75 287.00 275.00 116B 1 Chuck, chuck tender (IM) 10 52,656 250.00 262.00 254.45 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 120 1 Brisket, deckle-off, bnls 18 34,611 268.38 296.25 276.48 120A 3 Brisket, point/off, bnls 7 19,596 440.00 476.56 446.25 123A 3 Short Plate, short rib 14 17,902 566.25 585.00 576.44 130 4 Chuck, short rib 6 8,298 336.95 369.25 355.55 160 1 Round, bone-in 161 1 Round, boneless 0 0 167A 4 Round, knuckle, peeled 18 50,875 262.17 287.00 270.63 168 1 Round, top inside round 4 7,593 218.41 230.07 222.58 168 3 Round, top inside round 20 85,877 226.25 246.00 230.72 169 5 Round, top inside, denuded 10 56,149 250.00 275.60 261.99 169A 5 Round, top inside, cap off 6 89,657 296.49 325.00 300.46 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 171B 3 Round, outside round 18 78,118 236.00 255.47 239.89 171C 3 Round, eye of round (IM) 28 70,664 252.02 279.00 266.13 174 3 Loin, short loin, 0x1 15 120,857 549.00 634.25 559.73 175 3 Loin, strip loin, 1x1 0 0 1 Loin, strip loin bnls. 1x1 3 2,254 617.00 639.00 618.53 180 3 Loin, strip, bnls, 0x1 20 64,184 672.00 730.00 682.43 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 12 46,956 350.00 379.00 362.96 184B 3 Loin, top butt, CC (IM) 4 10,941 495.00 531.00 528.14 185A 4 Loin, bottom sirloin, flap 6 57,000 497.37 579.70 506.49 185B 1 Loin, ball-tip, bnls, heavy 8 12,290 280.25 307.00 288.50 185C 1 Loin, sirloin, tri-tip (IM) 4 50,892 320.00 347.00 322.20 185D 4 Loin, tri-tip, pld (IM) 4 2,771 491.00 505.00 493.31 189A 4 Loin, tndrloin, trmd, heavy 21 95,327 970.00 1050.00 977.48 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) 11 71,494 485.00 546.75 503.92 -------------------------------------------------------------------------------- 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 3 5,778 672.00 785.00 709.33 112A 3 Rib, ribeye, bnls, heavy 3 4,552 708.89 760.00 714.50 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 0 0 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 7 17,575 470.35 530.00 481.31 116A 3 Chuck, roll, lxl, neck/off 11 43,881 269.00 285.00 275.43 116B 1 Chuck, chuck tender (IM) 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 120 1 Brisket, deckle-off, bnls 4 4,475 261.63 280.00 269.89 120A 3 Brisket, point/off, bnls 123A 3 Short Plate, short rib 130 4 Chuck, short rib 3 2,050 338.60 373.00 351.14 160 1 Round, bone-in 0 0 161 1 Round, boneless 0 0 167A 4 Round, knuckle, peeled 4 21,878 270.98 276.25 273.26 168 1 Round, top inside round 168 3 Round, top inside round 3 9,558 228.00 231.00 229.71 169 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 0 0 171B 3 Round, outside round 5 10,776 234.50 247.60 239.55 171C 3 Round, eye of round (IM) 174 3 Loin, short loin, 0x1 7 7,266 504.49 540.00 507.08 175 3 Loin, strip loin, 1x1 0 0 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 5 27,102 504.39 540.00 511.75 184 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 3 8,514 507.98 529.00 512.25 185B 1 Loin, ball-tip, bnls, heavy 0 0 185C 1 Loin, sirloin, tri-tip (IM) 3 30,118 299.15 324.28 322.63 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 5 2,562 981.41 1023.08 993.46 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 5 32,682 129.10 140.00 133.30 121D 4 Plate, Inside Skirt (IM) 13 74,875 450.00 510.13 491.23 121C 4 Plate, Outside Skirt (IM) 10 14,670 753.59 802.00 763.87 121E 6 Outside Skirt, pld (IM) Cap, Wedge Meat & (IM) Lean 13 86,839 307.00 340.00 316.14 Pectoral Meat 15 32,969 310.00 340.00 325.84 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 9 42,546 167.00 193.24 174.43 Ground Beef 75% Ground Beef 81% 24 144,124 189.00 212.00 199.09 Ground Beef 85% Ground Beef 90% 0 0 Ground Beef 93% 6 75,324 292.72 307.08 306.49 Ground Beef Chuck 80% 6 31,306 194.50 207.72 197.99 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% Blended Ground Beef 90% 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 14 321,800 79.12 86.68 83.12 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 .