LM_XB403 Des Moines, IA Tue, Jan 08, 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 weak to lower on light demand and heavy offerings. Select and Choice chuck, round, and loin cuts steady to weak. Choice rib cuts higher while Select steady. Beef trimmings mostly sharply higher on moderate to good demand and light offerings. CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 213.98 207.26 Change from prior day: (0.30) (0.95) -------------------------------------------------------------------------------- Choice/Select spread: 6.72 Total Load Count (Cuts, Trimmings, Grinds): 183 -------------------------------------------------------------------------------- COMPOSITE PRIMAL VALUES Primal Rib 354.98 319.00 Primal Chuck 176.19 175.39 Primal Round 170.45 173.77 Primal Loin 279.14 266.33 Primal Brisket 193.60 186.88 Primal Short Plate 151.88 151.88 Primal Flank 106.42 104.61 -------------------------------------------------------------------------------- LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS CHOICE SELECT Date Choice Select Trim Grinds Total 600-900 600-900 01/07 56 18 30 24 128 214.28 208.21 01/04 66 26 3 21 116 214.51 207.66 01/03 104 22 7 16 149 216.49 209.38 01/02 43 23 44 7 117 216.64 210.91 12/31 50 20 0 21 91 215.35 210.66 -------------------------------------------------------------------------------- Current 5 Day Simple Average: 215.45 209.36 -------------------------------------------------------------------------------- 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 111.78 loads 4,471,267 pounds Select Cuts 37.16 loads 1,486,233 pounds Trimmings 7.93 loads 317,190 pounds Ground Beef 25.74 loads 1,029,557 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 16 11,059 615.56 660.72 636.27 112A 3 Rib, ribeye, bnls, light 12 46,815 730.00 770.00 735.07 112A 3 Rib, ribeye, bnls, heavy 33 121,857 715.56 797.54 771.17 113C 1 Chuck, semi-bnls, neck/off 6 64,043 209.37 243.00 220.22 114 1 Chuck, shoulder clod 6 23,105 195.00 213.00 203.67 114A 3 Chuck, shoulder clod, trmd 26 320,214 197.81 225.00 204.31 114D 3 Chuck, clod, top blade 5 10,552 332.23 350.56 337.21 114E 3 Chuck, clod, arm roast 17 157,022 234.00 283.49 238.41 114F 5 Chuck, clod tender (IM) 6 3,938 405.00 435.00 413.02 116A 3 Chuck, roll, lxl, neck/off 53 330,199 280.00 312.25 299.53 116B 1 Chuck, chuck tender (IM) 20 78,292 211.80 256.25 228.38 3 Chuck roll, retail ready 5 52,100 303.80 325.00 316.62 116G 4 Chuck, flap (IM) 12 11,342 542.00 599.01 558.90 120 1 Brisket, deckle-off, bnls 33 449,412 266.00 300.75 275.53 120A 3 Brisket, point/off, bnls 6 5,273 466.80 502.30 484.80 123A 3 Short Plate, short rib 8 10,597 570.00 589.15 573.27 130 4 Chuck, short rib 16 56,458 321.80 430.00 361.94 160 1 Round, bone-in 161 1 Round, boneless 167A 4 Round, knuckle, peeled 47 341,898 221.80 275.00 234.88 168 1 Round, top inside round 7 16,709 200.56 224.00 210.27 168 3 Round, top inside round 29 134,333 210.56 245.00 218.79 169 5 Round, top inside, denuded 15 120,541 240.85 288.00 247.73 169A 5 Round, top inside, cap off 7 82,376 276.00 317.00 281.81 3 Round, top inside, side off 170 1 Round, bottom gooseneck 5 3,934 206.25 230.00 211.02 171B 3 Round, outside round 46 439,407 197.00 229.00 203.20 171C 3 Round, eye of round (IM) 41 136,634 226.80 275.00 242.16 174 3 Loin, short loin, 0x1 15 126,218 489.00 540.75 494.73 175 3 Loin, strip loin, 1x1 4 41,586 421.05 480.75 423.16 1 Loin, strip loin bnls. 1x1 180 3 Loin, strip, bnls, 0x1 22 53,334 514.00 565.75 529.87 184 1 Loin, top butt, bnls, heavy 5 39,482 330.94 359.52 332.50 184 3 Loin, top butt, boneless 23 127,614 337.00 371.25 346.14 184B 3 Loin, top butt, CC (IM) 8 180,059 445.77 501.00 454.24 185A 4 Loin, bottom sirloin, flap 30 234,911 475.00 561.50 484.21 185B 1 Loin, ball-tip, bnls, heavy 20 206,845 241.52 274.72 245.47 185C 1 Loin, sirloin, tri-tip (IM) 10 84,457 275.00 316.50 296.31 185D 4 Loin, tri-tip, pld (IM) 7 26,519 377.88 420.00 400.37 189A 4 Loin, tndrloin, trmd, heavy 14 28,419 1016.96 1180.25 1024.58 191A 4 Loin, butt tender, trimmed 3 1,046 971.05 985.00 974.24 193 4 Flank, flank steak (IM) 14 47,744 460.56 491.75 471.64 -------------------------------------------------------------------------------- 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 3,987 560.56 578.50 567.05 112A 3 Rib, ribeye, bnls, light 17 310,275 641.00 660.40 644.85 112A 3 Rib, ribeye, bnls, heavy 14 9,733 639.72 705.30 661.76 113C 1 Chuck, semi-bnls, neck/off 114 1 Chuck, shoulder clod 114A 3 Chuck, shoulder clod, trmd 4 7,294 205.75 224.30 207.82 114D 3 Chuck, clod, top blade 0 0 114E 3 Chuck, clod, arm roast 0 0 114F 5 Chuck, clod tender (IM) 116A 3 Chuck, roll, lxl, neck/off 18 50,133 285.27 315.00 298.89 116B 1 Chuck, chuck tender (IM) 9 14,313 225.00 247.00 234.42 3 Chuck roll, retail ready 0 0 116G 4 Chuck, flap (IM) 11 13,629 509.00 518.83 513.15 120 1 Brisket, deckle-off, bnls 27 419,099 259.87 295.30 267.13 120A 3 Brisket, point/off, bnls 123A 3 Short Plate, short rib 130 4 Chuck, short rib 8 17,887 320.55 368.50 336.70 160 1 Round, bone-in 0 0 161 1 Round, boneless 167A 4 Round, knuckle, peeled 10 17,725 230.00 267.00 239.06 168 1 Round, top inside round 3 5,757 215.00 217.00 216.74 168 3 Round, top inside round 11 36,951 218.00 240.30 223.87 169 5 Round, top inside, denuded 169A 5 Round, top inside, cap off 3 Round, top inside, side off 0 0 170 1 Round, bottom gooseneck 0 0 171B 3 Round, outside round 7 22,667 200.00 225.00 202.61 171C 3 Round, eye of round (IM) 12 15,981 245.00 270.30 254.11 174 3 Loin, short loin, 0x1 14 98,124 443.56 490.00 449.27 175 3 Loin, strip loin, 1x1 1 Loin, strip loin bnls. 1x1 0 0 180 3 Loin, strip, bnls, 0x1 26 91,982 443.00 495.30 456.82 184 1 Loin, top butt, bnls, heavy 184 3 Loin, top butt, boneless 13 13,984 340.00 357.00 346.55 184B 3 Loin, top butt, CC (IM) 0 0 185A 4 Loin, bottom sirloin, flap 9 19,588 477.00 530.00 487.15 185B 1 Loin, ball-tip, bnls, heavy 6 7,810 217.90 260.00 230.70 185C 1 Loin, sirloin, tri-tip (IM) 185D 4 Loin, tri-tip, pld (IM) 189A 4 Loin, tndrloin, trmd, heavy 8 8,384 1023.00 1060.00 1043.75 191A 4 Loin, butt tender, trimmed 3 10,968 941.80 949.08 943.16 193 4 Flank, flank steak (IM) 9 10,914 460.00 480.00 465.61 -------------------------------------------------------------------------------- CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle -------------------------------------------------------------------------------- 124 4 Rib, Back Ribs, Frozen 3 35,442 120.00 150.00 120.99 121D 4 Plate, Inside Skirt (IM) 12 73,310 504.79 531.25 507.83 121C 4 Plate, Outside Skirt (IM) 8 4,119 650.00 691.00 659.83 121E 6 Outside Skirt, pld (IM) 7 8,634 879.19 911.39 885.50 Cap, Wedge Meat & (IM) Lean 11 10,266 300.00 329.72 308.17 Pectoral Meat 20 63,704 303.00 334.72 314.51 -------------------------------------------------------------------------------- GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind -------------------------------------------------------------------------------- Ground Beef 73% 22 180,984 161.00 190.30 167.74 Ground Beef 75% Ground Beef 81% 40 241,513 170.00 214.90 183.53 Ground Beef 85% Ground Beef 90% 0 0 Ground Beef 93% Ground Beef Chuck 80% 6 9,559 175.00 211.50 196.42 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% 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% -------------------------------------------------------------------------------- BEEF TRIMMINGS - STEER/HEIFER SOURCE - Fresh Combos & Frozen Boxed -------------------------------------------------------------------------------- Fresh 50% lean trimmings 15 317,190 48.00 73.96 61.18 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. --------------------------------------------------------------------------