National Daily Boxed Beef Cutout & Boxed Beef Cuts - Negotiated Sales
LM_XB402
Des Moines, IA                  Fri, Oct 12, 2018               USDA Market News

NATIONAL DAILY BOXED BEEF CUTOUT AND BOXED BEEF CUTS - Negotiated Sales -
Morning

USDA ESTIMATED BOXED BEEF CUT-OUT VALUES - as of 9:30am

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.


                                                CHOICE         SELECT
                                                600-900        600-900
--------------------------------------------------------------------------------
Current Cutout Values:                          202.89         193.18
Change from prior day:                            0.38           0.69
--------------------------------------------------------------------------------
Choice/Select spread:                                    9.71
Total Load Count (Cuts, Trimmings, Grinds):                77

--------------------------------------------------------------------------------
COMPOSITE PRIMAL VALUES
 Primal Rib                                     372.52         345.00
 Primal Chuck                                   162.78         164.42
 Primal Round                                   164.05         167.88
 Primal Loin                                    254.74         217.75
 Primal Brisket                                 169.75         165.20
 Primal Short Plate                             136.18         136.18
 Primal Flank                                   100.41         105.69
--------------------------------------------------------------------------------
LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS
                                                CHOICE         SELECT
Date  Choice Select Trim Grinds Total           600-900        600-900
10/11    71    37    11    17    136            202.51         192.49
10/10    63    32     0    36    131            202.11         191.77
10/09    73    29    14    11    127            202.85         192.72
10/08    51    34    11    13    109            203.21         191.81
10/05    62    19     9    22    112            203.25         191.74
--------------------------------------------------------------------------------
Current 5 Day Simple Average:                   202.78         192.11
--------------------------------------------------------------------------------
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             41.08  loads          1,643,092  pounds
 Select Cuts              8.66  loads            346,519  pounds
 Trimmings               14.58  loads            583,061  pounds
 Ground Beef             12.21  loads            488,215  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       38     490,473   700.27  761.60  717.88
112A 3  Rib, ribeye, bnls, light
112A 3  Rib, ribeye, bnls, heavy          9       6,367   825.00  873.15  853.46
113C 1  Chuck, semi-bnls, neck/off        0           0
114  1  Chuck, shoulder clod              5       9,974   195.00  201.66  199.84
114A 3  Chuck, shoulder clod, trmd        9      64,629   198.89  219.25  206.55
114D 3  Chuck, clod, top blade
114E 3  Chuck, clod, arm roast            3       2,680   257.60  283.48  272.97
114F 5  Chuck, clod tender (IM)
116A 3  Chuck, roll, lxl, neck/off        9      17,767   262.00  294.55  274.57
116B 1  Chuck, chuck tender (IM)          5      13,605   209.00  226.55  213.88
     3  Chuck roll, retail ready         15      97,484   300.00  316.35  306.94
116G 4  Chuck, flap (IM)                  5       6,438   560.31  617.00  587.31
120  1  Brisket, deckle-off, bnls         6       9,605   250.00  264.25  253.72
120A 3  Brisket, point/off, bnls
123A 3  Short Plate, short rib            4       3,479   590.00  657.00  616.98
130  4  Chuck, short rib                  4       7,184   347.00  415.50  388.27
160  1  Round, bone-in
161  1  Round, boneless                   0           0
167A 4  Round, knuckle, peeled           25     103,705   220.00  240.00  225.73
168  1  Round, top inside round
168  3  Round, top inside round          11      62,182   206.77  226.75  212.66
169  5  Round, top inside, denuded       15      76,709   242.02  262.25  247.78
169A 5  Round, top inside, cap off        3      20,444   280.00  287.00  284.21
     3  Round, top inside, side off       0           0
170  1  Round, bottom gooseneck
171B 3  Round, outside round              5      28,501   210.00  229.25  216.16
171C 3  Round, eye of round (IM)         23      55,203   239.02  255.00  243.76
174  3  Loin, short loin, 0x1             8     124,695   448.62  457.60  450.13
175  3  Loin, strip loin, 1x1             0           0
     1  Loin, strip loin bnls. 1x1        3       6,044   455.00  455.00  455.00
180  3  Loin, strip, bnls, 0x1           16      36,897   494.65  541.50  501.04
184  1  Loin, top butt, bnls, heavy       5       6,320   255.00  271.00  267.07
184  3  Loin, top butt, boneless         29     117,388   260.00  280.25  269.47
184B 3  Loin, top butt, CC (IM)           4       7,670   374.00  412.00  382.38
185A 4  Loin, bottom sirloin, flap        4      25,261   435.00  475.00  441.97
185B 1  Loin, ball-tip, bnls, heavy       5      87,261   215.00  231.50  220.01
185C 1  Loin, sirloin, tri-tip (IM)       4      29,600   301.50  335.00  334.04
185D 4  Loin, tri-tip, pld (IM)           4       3,518   427.00  435.75  432.43
189A 4  Loin, tndrloin, trmd, heavy      17      41,202  1010.00 1145.25 1026.68
191A 4  Loin, butt tender, trimmed        7       8,682   914.00  974.60  942.95
193  4  Flank, flank steak (IM)           3       7,694   448.51  525.00  464.41
--------------------------------------------------------------------------------
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
112A 3  Rib, ribeye, bnls, light          3       8,688   744.00  750.00  749.46
112A 3  Rib, ribeye, bnls, heavy
113C 1  Chuck, semi-bnls, neck/off        0           0
114  1  Chuck, shoulder clod              0           0
114A 3  Chuck, shoulder clod, trmd        3       6,185   209.00  222.00  210.49
114D 3  Chuck, clod, top blade            0           0
114E 3  Chuck, clod, arm roast            0           0
114F 5  Chuck, clod tender (IM)           0           0
116A 3  Chuck, roll, lxl, neck/off       11      58,967   256.00  285.00  262.42
116B 1  Chuck, chuck tender (IM)
     3  Chuck roll, retail ready          0           0
116G 4  Chuck, flap (IM)
120  1  Brisket, deckle-off, bnls         3      11,867   225.00  254.25  240.57
120A 3  Brisket, point/off, bnls
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       2,089   217.69  250.00  225.61
168  1  Round, top inside round
168  3  Round, top inside round
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           0           0
171B 3  Round, outside round
171C 3  Round, eye of round (IM)
174  3  Loin, short loin, 0x1             5      34,100   310.00  350.00  317.59
175  3  Loin, strip loin, 1x1             0           0
     1  Loin, strip loin bnls. 1x1
180  3  Loin, strip, bnls, 0x1            4      20,508   361.00  380.00  364.71
184  1  Loin, top butt, bnls, heavy       3       1,757   240.00  255.00  246.97
184  3  Loin, top butt, boneless         10      29,686   250.00  267.56  258.58
184B 3  Loin, top butt, CC (IM)           0           0
185A 4  Loin, bottom sirloin, flap        5       6,721   449.00  480.00  460.06
185B 1  Loin, ball-tip, bnls, heavy
185C 1  Loin, sirloin, tri-tip (IM)
185D 4  Loin, tri-tip, pld (IM)
189A 4  Loin, tndrloin, trmd, heavy
191A 4  Loin, butt tender, trimmed        0           0
193  4  Flank, flank steak (IM)
--------------------------------------------------------------------------------
CHOICE, SELECT & UNGRADED CUTS   Fat Limitations 1-6  (IM) = Individual Muscle
--------------------------------------------------------------------------------
124  4  Rib, Back Ribs, Frozen
121D 4  Plate, Inside Skirt (IM)
121C 4  Plate, Outside Skirt (IM)         8      12,787   560.00  642.00  583.22
121E 6  Outside Skirt, pld (IM)           4      17,325   649.42  676.62  653.92
        Cap, Wedge Meat & (IM) Lean      21      82,089   272.00  291.75  276.52
        Pectoral Meat                     8      25,783   280.00  299.00  290.05
--------------------------------------------------------------------------------
GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind
--------------------------------------------------------------------------------
Ground Beef 73%                          10     139,580   133.01  146.50  134.56
Ground Beef 75%
Ground Beef 81%                          12      46,735   145.95  176.78  156.81
Ground Beef 85%
Ground Beef 90%
Ground Beef 93%                           4      67,592   286.97  291.78  290.59
Ground Beef Chuck 80%                     6      51,345   164.00  186.50  168.71
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                 19     583,061    42.84   51.12   47.82
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


1100C

.