LM_XB403 Des Moines, IA Mon, Jul 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 light to moderate demand and offerings. Select and Choice rib, chuck, round, and loin cuts steady. Beef trimmings were mostly moderately to sharply lower on light demand and heavy offerings. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 213.32 189.59 Change from prior day: (0.10) 0.08 -------------------------------------------------------------------------------- Choice/Select spread: 23.73 Total Load Count (Cuts, Trimmings, Grinds): 109 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 353.01 273.98 Primal Chuck 172.01 164.82 Primal Round 164.73 164.62 Primal Loin 285.78 230.40 Primal Brisket 180.26 176.66 Primal Short Plate 159.99 159.99 Primal Flank 128.86 110.60 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 07/19 45 20 0 25 90 213.42 189.51 07/18 67 32 9 27 135 213.34 188.61 07/17 80 55 30 34 200 212.57 188.34 07/16 66 42 13 29 151 212.93 189.16 07/15 66 35 11 31 143 213.27 189.21 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 213.10 188.96 -------------------------------------------------------------------------------- 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 41.60 loads 1,664,111 pounds Select Cuts 21.49 loads 859,435 pounds Trimmings 26.17 loads 1,046,613 pounds Ground Beef 19.92 loads 796,871 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 14 43,684 640.00 710.28 669.72 112A 3 Rib, ribeye, bnls, light 13 9,668 744.00 810.00 780.69 112A 3 Rib, ribeye, bnls, heavy 16 36,105 740.00 781.86 746.41 113C 1 Chuck, semi-bnls, neck/off 5 9,300 218.00 241.75 221.71 114 1 Chuck, shoulder clod 3 23,802 205.82 218.35 215.61 114A 3 Chuck, shoulder clod, trmd 6 25,425 220.00 231.66 224.35 114D 3 Chuck, clod, top blade 5 3,314 320.00 355.65 340.96 114E 3 Chuck, clod, arm roast 18 14,619 268.11 295.29 277.76 114F 5 Chuck, clod tender (IM) 8 4,088 360.00 378.00 369.98 116A 3 Chuck, roll, lxl, neck/off 10 43,548 254.05 281.75 273.96 116B 1 Chuck, chuck tender (IM) 10 52,209 216.00 231.75 221.81 3 Chuck roll, retail ready 3 30,195 285.00 300.00 292.34 116G 4 Chuck, flap (IM) 10 14,988 474.00 568.51 510.84 120 1 Brisket, deckle-off, bnls 26 77,527 244.00 276.00 257.00 120A 3 Brisket, point/off, bnls 4 4,963 423.00 452.00 427.35 123A 3 Short Plate, short rib 18 23,656 539.28 591.00 572.57 130 4 Chuck, short rib 16 25,251 325.51 380.00 362.11 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 21 78,225 218.00 253.70 222.96 168 1 Round, top inside round 6 4,851 213.00 213.00 213.00 168 3 Round, top inside round 19 189,102 212.00 234.00 218.13 169 5 Round, top inside, denuded 6 46,135 243.57 271.00 246.05 169A 5 Round, top inside, cap off 5 6,921 288.00 297.00 291.07 3 Round, top inside, side off 170 1 Round, bottom gooseneck 6 21,364 190.72 210.25 205.93 171B 3 Round, outside round 11 42,770 203.25 216.86 209.84 171C 3 Round, eye of round (IM) 14 53,893 213.20 240.00 221.47 174 3 Loin, short loin, 0x1 8 33,111 513.00 548.00 533.50 175 3 Loin, strip loin, 1x1 4 14,843 478.23 495.00 490.98 1 Loin, strip loin bnls. 1x1 180 3 Loin, strip, bnls, 0x1 17 52,366 550.50 604.00 558.89 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 20 141,447 305.00 324.00 307.04 184B 3 Loin, top butt, CC (IM) 4 7,848 380.00 448.50 415.16 185A 4 Loin, bottom sirloin, flap 7 15,840 587.00 642.50 608.79 185B 1 Loin, ball-tip, bnls, heavy 7 19,637 326.26 345.00 332.18 185C 1 Loin, sirloin, tri-tip (IM) 12 89,664 310.00 322.00 310.72 185D 4 Loin, tri-tip, pld (IM) 4 12,063 459.00 500.00 461.11 189A 4 Loin, tndrloin, trmd, heavy 15 126,576 906.51 1091.75 917.91 191A 4 Loin, butt tender, trimmed 9 38,943 820.00 930.00 878.89 193 4 Flank, flank steak (IM) 8 26,352 552.11 594.00 558.88 -------------------------------------------------------------------------------- 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 21,467 454.28 485.00 466.87 112A 3 Rib, ribeye, bnls, light 11 59,855 525.00 573.10 537.81 112A 3 Rib, ribeye, bnls, heavy 11 13,508 540.30 586.01 566.73 113C 1 Chuck, semi-bnls, neck/off 0 0 114 1 Chuck, shoulder clod 9 49,672 199.00 207.48 205.11 114A 3 Chuck, shoulder clod, trmd 7 14,522 217.00 225.30 220.24 114D 3 Chuck, clod, top blade 0 0 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 4 1,220 337.69 360.00 355.47 116A 3 Chuck, roll, lxl, neck/off 11 131,952 240.00 251.25 240.98 116B 1 Chuck, chuck tender (IM) 7 14,948 216.00 223.00 216.87 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 10 7,214 439.34 461.39 445.47 120 1 Brisket, deckle-off, bnls 5 10,891 244.00 254.00 252.43 120A 3 Brisket, point/off, bnls 0 0 123A 3 Short Plate, short rib 130 4 Chuck, short rib 7 21,353 320.54 361.50 327.83 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 11 15,450 220.00 235.00 230.25 168 1 Round, top inside round 168 3 Round, top inside round 10 109,866 214.75 225.30 215.96 169 5 Round, top inside, denuded 169A 5 Round, top inside, cap off 3 10,068 269.20 290.00 278.84 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 6 3,751 189.34 194.98 192.81 171B 3 Round, outside round 5 26,409 203.25 220.21 206.38 171C 3 Round, eye of round (IM) 6 6,465 219.00 234.47 229.20 174 3 Loin, short loin, 0x1 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 13 55,402 357.00 405.30 375.15 184 1 Loin, top butt, bnls, heavy 3 5,907 240.00 250.00 249.23 184 3 Loin, top butt, boneless 13 17,214 252.00 278.61 261.84 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap 8 26,737 511.54 563.00 518.20 185B 1 Loin, ball-tip, bnls, heavy 6 10,636 222.48 250.30 236.07 185C 1 Loin, sirloin, tri-tip (IM) 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 6 26,561 800.00 820.00 802.26 191A 4 Loin, butt tender, trimmed 193 4 Flank, flank steak (IM) 7 14,028 433.19 465.47 440.10 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 4 13,637 121.50 142.03 129.96 121D 4 Plate, Inside Skirt (IM) 14 39,165 434.00 476.75 442.26 121C 4 Plate, Outside Skirt (IM) 14 8,226 655.00 714.00 668.95 121E 6 Outside Skirt, pld (IM) 10 10,216 844.34 1000.00 905.49 Cap, Wedge Meat & (IM) Lean 33 174,908 233.00 265.30 241.41 Pectoral Meat 15 59,805 235.26 265.36 244.82 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 12 283,241 151.00 176.25 157.43 Ground Beef 75% Ground Beef 81% 23 136,712 174.00 206.25 181.19 Ground Beef 85% 0 0 Ground Beef 90% 0 0 Ground Beef 93% Ground Beef Chuck 80% 9 61,727 182.00 207.00 186.68 Ground Beef Round 85% 3 34,816 230.69 231.26 230.74 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% 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 46 1,046,613 78.20 94.25 83.66 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 .