LM_XB403 Des Moines, IA Fri, Oct 18, 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 light to moderate demand and offerings. Select and Choice rib and loin cuts steady to weak while chuck and round cuts steady to firm. Beef trimmings unevenly steady on light to moderate demand and moderate offerings. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 218.04 193.04 Change from prior day: (0.07) 0.44 -------------------------------------------------------------------------------- Choice/Select spread: 25.00 Total Load Count (Cuts, Trimmings, Grinds): 97 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 399.97 285.52 Primal Chuck 171.25 168.87 Primal Round 175.50 175.70 Primal Loin 279.73 228.92 Primal Brisket 195.17 187.12 Primal Short Plate 139.94 139.94 Primal Flank 104.01 101.10 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 10/17 87 28 7 24 146 218.11 192.60 10/16 60 43 21 30 154 218.28 191.37 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 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 217.46 190.69 -------------------------------------------------------------------------------- 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 45.66 loads 1,826,270 pounds Select Cuts 21.58 loads 863,397 pounds Trimmings 13.24 loads 529,604 pounds Ground Beef 16.46 loads 658,593 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 5 97,777 775.00 810.00 804.31 112A 3 Rib, ribeye, bnls, light 4 6,435 919.76 965.75 948.35 112A 3 Rib, ribeye, bnls, heavy 11 55,160 871.75 928.00 886.38 113C 1 Chuck, semi-bnls, neck/off 7 20,106 211.83 229.23 225.15 114 1 Chuck, shoulder clod 4 8,280 224.86 225.00 224.99 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) 8 12,392 470.00 492.50 471.75 116A 3 Chuck, roll, lxl, neck/off 17 51,503 275.01 301.50 291.47 116B 1 Chuck, chuck tender (IM) 13 24,337 227.94 240.00 234.16 3 Chuck roll, retail ready 3 28,245 294.75 333.00 329.10 116G 4 Chuck, flap (IM) 3 8,689 464.86 491.00 484.43 120 1 Brisket, deckle-off, bnls 22 109,871 272.00 317.50 284.27 120A 3 Brisket, point/off, bnls 14 20,838 481.90 510.00 498.24 123A 3 Short Plate, short rib 9 30,736 411.00 538.30 455.87 130 4 Chuck, short rib 4 3,009 285.00 331.50 322.73 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 32 136,771 237.00 273.29 241.09 168 1 Round, top inside round 10 57,774 212.00 225.00 219.91 168 3 Round, top inside round 10 57,122 222.75 235.00 224.89 169 5 Round, top inside, denuded 18 218,344 234.14 281.50 258.89 169A 5 Round, top inside, cap off 4 54,625 266.90 311.88 277.14 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 0 0 171B 3 Round, outside round 7 29,349 227.00 247.00 239.90 171C 3 Round, eye of round (IM) 27 201,718 231.00 264.50 243.53 174 3 Loin, short loin, 0x1 12 79,660 467.94 529.50 478.57 175 3 Loin, strip loin, 1x1 3 3,723 430.00 450.00 449.65 1 Loin, strip loin bnls. 1x1 180 3 Loin, strip, bnls, 0x1 22 73,548 510.00 550.00 525.64 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 13 43,770 300.00 326.50 311.01 184B 3 Loin, top butt, CC (IM) 185A 4 Loin, bottom sirloin, flap 10 92,646 455.00 489.25 466.50 185B 1 Loin, ball-tip, bnls, heavy 9 93,191 240.00 251.75 243.48 185C 1 Loin, sirloin, tri-tip (IM) 7 7,004 370.00 386.50 380.30 185D 4 Loin, tri-tip, pld (IM) 3 1,859 515.69 526.75 518.57 189A 4 Loin, tndrloin, trmd, heavy 20 95,049 1112.13 1310.50 1133.81 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) 10 17,883 442.00 475.00 463.87 -------------------------------------------------------------------------------- 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 1,402 509.00 575.00 555.32 112A 3 Rib, ribeye, bnls, light 112A 3 Rib, ribeye, bnls, heavy 9 25,493 507.00 655.00 536.70 113C 1 Chuck, semi-bnls, neck/off 0 0 114 1 Chuck, shoulder clod 114A 3 Chuck, shoulder clod, trmd 5 47,082 226.00 235.28 229.93 114D 3 Chuck, clod, top blade 0 0 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 3 1,969 430.00 430.00 430.00 116A 3 Chuck, roll, lxl, neck/off 6 11,740 245.00 280.25 264.26 116B 1 Chuck, chuck tender (IM) 5 13,954 208.00 240.00 225.53 3 Chuck roll, retail ready 116G 4 Chuck, flap (IM) 5 25,053 324.84 391.00 360.08 120 1 Brisket, deckle-off, bnls 3 12,305 267.00 287.50 269.36 120A 3 Brisket, point/off, bnls 123A 3 Short Plate, short rib 130 4 Chuck, short rib 4 2,733 270.00 294.00 289.47 160 1 Round, bone-in 0 0 161 1 Round, boneless 167A 4 Round, knuckle, peeled 7 49,962 225.00 251.00 236.86 168 1 Round, top inside round 0 0 168 3 Round, top inside round 8 47,635 220.00 234.00 224.75 169 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 171B 3 Round, outside round 9 49,309 220.00 247.50 234.59 171C 3 Round, eye of round (IM) 10 63,983 227.00 245.00 237.88 174 3 Loin, short loin, 0x1 9 47,572 340.00 358.96 351.48 175 3 Loin, strip loin, 1x1 0 0 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 8 15,639 368.00 400.00 382.94 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 6 21,563 270.00 320.00 284.24 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap (IM) 185B 1 Loin, ball-tip, bnls, heavy 3 42,225 220.00 226.00 220.25 185C 1 Loin, sirloin, tri-tip (IM) 3 8,738 221.28 225.00 221.85 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 8 27,932 921.00 975.88 932.28 191A 4 Loin, butt tender, trimmed 0 0 193 4 Flank, flank steak (IM) 5 11,762 429.56 460.00 431.05 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 0 0 121D 4 Plate, Inside Skirt (IM) 12 186,484 410.00 436.75 417.99 121C 4 Plate, Outside Skirt (IM) 12 13,988 540.00 655.25 572.33 121E 6 Outside Skirt, pld (IM) 3 3,365 770.90 836.00 794.71 Cap, Wedge Meat & (IM) Lean 17 42,920 236.00 264.97 246.21 Pectoral Meat 7 18,720 240.00 273.00 250.75 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 5 47,126 147.00 154.17 150.59 Ground Beef 75% Ground Beef 81% 21 114,405 162.00 190.00 172.56 Ground Beef 85% Ground Beef 90% Ground Beef 93% 7 72,968 293.00 310.50 295.78 Ground Beef Chuck 80% 12 97,167 181.57 196.80 186.53 Ground Beef Round 85% 3 9,259 243.00 262.00 251.13 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% 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 20 529,604 33.50 63.00 53.04 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 .