Boxed Beef Cutout & Cuts - Negotiated Sales - Afternoon

LM_XB403
Des Moines, IA Fri, Mar 15, 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 to moderate demand and moderate
offerings. Choice rib and loin cuts firm while chuck and round cuts weak to lower.
Select rib and round cuts firm while chuck and loin cuts weak to lower. Beef
trimmings mostly sharply higher on good demand and moderate offerings.


CHOICE SELECT
600-900 600-900
--------------------------------------------------------------------------------
Current Cutout Values: 226.99 217.34
Change from prior day: (0.71) (1.42)
--------------------------------------------------------------------------------
Choice/Select spread: 9.65
Total Load Count (Cuts, Trimmings, Grinds): 103

--------------------------------------------------------------------------------
COMPOSITE PRIMAL VALUES
Primal Rib 375.00 334.59
Primal Chuck 180.11 177.24
Primal Round 178.37 185.17
Primal Loin 307.77 281.24
Primal Brisket 197.27 197.56
Primal Short Plate 166.14 166.14
Primal Flank 122.08 119.40
--------------------------------------------------------------------------------
LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS
CHOICE SELECT
Date Choice Select Trim Grinds Total 600-900 600-900
03/14 74 17 9 18 118 227.70 218.76
03/13 62 28 9 19 118 228.24 219.28
03/12 59 12 10 16 97 228.22 220.35
03/11 46 14 13 10 83 227.36 219.63
03/08 67 9 0 19 95 226.13 218.78
--------------------------------------------------------------------------------
Current 5 Day Simple Average: 227.53 219.36
--------------------------------------------------------------------------------
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 63.25 loads 2,530,159 pounds
Select Cuts 15.37 loads 614,752 pounds
Trimmings 11.30 loads 451,963 pounds
Ground Beef 12.88 loads 515,191 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 87,621 700.24 741.50 708.23
112A 3 Rib, ribeye, bnls, light 9 20,340 795.00 848.22 813.89
112A 3 Rib, ribeye, bnls, heavy 14 47,127 780.00 837.66 803.63
113C 1 Chuck, semi-bnls, neck/off
114 1 Chuck, shoulder clod 10 31,677 205.00 224.98 214.33
114A 3 Chuck, shoulder clod, trmd 19 190,338 220.00 240.00 225.65
114D 3 Chuck, clod, top blade 3 7,324 367.93 373.55 370.88
114E 3 Chuck, clod, arm roast
114F 5 Chuck, clod tender (IM) 5 5,365 525.00 536.15 527.81
116A 3 Chuck, roll, lxl, neck/off 13 24,704 271.00 287.25 283.12
116B 1 Chuck, chuck tender (IM) 7 12,340 246.00 257.55 248.49
3 Chuck roll, retail ready 0 0
116G 4 Chuck, flap (IM) 3 3,735 541.41 569.64 561.63
120 1 Brisket, deckle-off, bnls 23 115,354 265.00 301.50 274.54
120A 3 Brisket, point/off, bnls 5 7,201 460.00 494.50 469.40
123A 3 Short Plate, short rib 16 22,025 522.07 582.25 562.95
130 4 Chuck, short rib 8 13,840 330.28 399.60 345.28
160 1 Round, bone-in
161 1 Round, boneless
167A 4 Round, knuckle, peeled 39 388,160 235.00 285.50 247.66
168 1 Round, top inside round 9 190,425 216.00 230.00 217.02
168 3 Round, top inside round 18 94,559 222.00 236.08 226.92
169 5 Round, top inside, denuded 10 67,279 259.95 282.25 262.84
169A 5 Round, top inside, cap off 4 2,343 293.00 318.74 302.35
3 Round, top inside, side off 0 0
170 1 Round, bottom gooseneck 4 12,675 195.33 226.25 201.75
171B 3 Round, outside round 25 335,657 212.30 256.75 224.12
171C 3 Round, eye of round (IM) 35 163,249 243.00 290.11 266.42
174 3 Loin, short loin, 0x1 9 58,420 568.00 633.25 570.47
175 3 Loin, strip loin, 1x1 5 104,118 595.72 603.15 600.41
1 Loin, strip loin bnls. 1x1 3 3,221 582.00 582.00 582.00
180 3 Loin, strip, bnls, 0x1 28 119,917 640.00 715.00 668.69
184 1 Loin, top butt, bnls, heavy 4 7,136 345.00 350.64 346.89
184 3 Loin, top butt, boneless 16 59,912 345.00 381.65 364.10
184B 3 Loin, top butt, CC (IM)
185A 4 Loin, bottom sirloin, flap 15 41,857 482.00 525.00 498.39
185B 1 Loin, ball-tip, bnls, heavy 10 32,563 267.00 296.75 281.13
185C 1 Loin, sirloin, tri-tip (IM) 5 38,436 315.00 375.64 318.34
185D 4 Loin, tri-tip, pld (IM) 4 5,258 440.00 511.50 448.86
189A 4 Loin, tndrloin, trmd, heavy 17 32,198 1000.00 1166.50 1018.39
191A 4 Loin, butt tender, trimmed 4 5,138 913.00 990.00 922.87
193 4 Flank, flank steak (IM) 10 23,137 505.47 546.50 521.25
--------------------------------------------------------------------------------
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 6 33,794 598.50 650.06 602.36
112A 3 Rib, ribeye, bnls, light 5 14,354 670.00 725.06 679.57
112A 3 Rib, ribeye, bnls, heavy 7 45,150 689.50 757.00 700.60
113C 1 Chuck, semi-bnls, neck/off
114 1 Chuck, shoulder clod 9 48,382 221.37 229.79 223.32
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) 3 6,812 475.00 482.98 477.03
116A 3 Chuck, roll, lxl, neck/off 8 48,677 265.02 280.42 276.50
116B 1 Chuck, chuck tender (IM) 3 13,937 248.00 253.99 251.54
3 Chuck roll, retail ready
116G 4 Chuck, flap (IM)
120 1 Brisket, deckle-off, bnls
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 3 12,928 268.99 280.00 276.71
168 1 Round, top inside round 3 48,406 217.00 224.98 223.81
168 3 Round, top inside round 5 4,090 222.50 234.50 228.76
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 6 13,602 240.98 255.50 249.50
171C 3 Round, eye of round (IM)
174 3 Loin, short loin, 0x1 5 13,498 492.00 548.50 521.97
175 3 Loin, strip loin, 1x1
1 Loin, strip loin bnls. 1x1 0 0
180 3 Loin, strip, bnls, 0x1 9 22,267 520.00 564.11 522.66
184 1 Loin, top butt, bnls, heavy 3 1,778 341.50 345.00 343.42
184 3 Loin, top butt, boneless 8 18,528 342.00 362.50 350.34
184B 3 Loin, top butt, CC (IM)
185A 4 Loin, bottom sirloin, flap 4 8,188 486.00 498.92 486.99
185B 1 Loin, ball-tip, bnls, heavy 3 1,161 267.65 274.50 271.63
185C 1 Loin, sirloin, tri-tip (IM) 3 33,004 310.00 336.45 314.23
185D 4 Loin, tri-tip, pld (IM) 0 0
189A 4 Loin, tndrloin, trmd, heavy 8 43,442 975.00 1020.00 984.62
191A 4 Loin, butt tender, trimmed
193 4 Flank, flank steak (IM) 5 5,303 505.00 512.25 507.33
--------------------------------------------------------------------------------
CHOICE, SELECT & UNGRADED CUTS Fat Limitations 1-6 (IM) = Individual Muscle
--------------------------------------------------------------------------------
124 4 Rib, Back Ribs, Frozen
121D 4 Plate, Inside Skirt (IM) 7 12,293 451.75 471.25 463.30
121C 4 Plate, Outside Skirt (IM) 6 5,011 746.79 791.75 758.12
121E 6 Outside Skirt, pld (IM) 7 11,917 1029.37 1140.00 1087.51
Cap, Wedge Meat & (IM) Lean 13 111,544 304.00 323.22 310.26
Pectoral Meat 11 17,154 309.50 334.99 319.98
--------------------------------------------------------------------------------
GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind
--------------------------------------------------------------------------------
Ground Beef 73% 9 106,956 160.00 191.25 167.90
Ground Beef 75%
Ground Beef 81% 16 82,018 184.00 207.35 196.54
Ground Beef 85%
Ground Beef 90% 0 0
Ground Beef 93% 8 78,845 285.00 310.77 304.04
Ground Beef Chuck 80% 7 101,839 190.00 216.50 201.08
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% 0 0
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 17 451,963 79.00 85.75 83.09
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

.