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USDA-LM: National Daily Boxed Beef Cutout & Boxed Beef Cuts - Negotiated Sales

Des Moines, IA - Fri, Nov 10, 2017 - 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:                          214.58         197.21
Change from prior day:                            1.84         (1.09)
--------------------------------------------------------------------------------
Choice/Select spread:                                   17.37

Total Load Count (Cuts, Trimmings, Grinds):                58
--------------------------------------------------------------------------------
COMPOSITE PRIMAL VALUES
 Primal Rib                                     384.73         337.08
 Primal Chuck                                   175.51         167.76
 Primal Round                                   179.90         177.04
 Primal Loin                                    274.02         233.24
 Primal Brisket                                 157.53         149.97
 Primal Short Plate                             129.31         129.31
 Primal Flank                                    99.78         101.15
--------------------------------------------------------------------------------
LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS
                                                CHOICE         SELECT
Date  Choice Select Trim Grinds Total           600-900        600-900
11/09    49    23    19    20    112            212.74         198.30
11/08    64    41    17    17    139            213.13         198.89
11/07    58    43     0    15    116            212.64         197.76
11/06    53    27    15    19    113            210.57         194.77
11/03    46    42    14    14    117            208.74         193.08
--------------------------------------------------------------------------------
Current 5 Day Simple Average:                   211.56         196.56
--------------------------------------------------------------------------------
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             35.53  loads          1,421,037  pounds
 Select Cuts             12.96  loads            518,350  pounds
 Trimmings                2.82  loads            112,800  pounds
 Ground Beef              6.64  loads            265,736  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       19     226,587   770.00  777.94  775.55
112A 3  Rib, ribeye, bnls, light          4      10,992   885.00  914.00  901.54
112A 3  Rib, ribeye, bnls, heavy          4       3,465   866.50  897.00  888.06
113C 1  Chuck, semi-bnls, neck/off        5      23,479   216.40  220.00  217.47
114  1  Chuck, shoulder clod
114A 3  Chuck, shoulder clod, trmd        6      11,802   203.00  219.25  212.24
114D 3  Chuck, clod, top blade
114E 3  Chuck, clod, arm roast            3       1,003   280.00  291.30  283.92
114F 5  Chuck, clod tender (IM)           3       5,536   380.00  385.00  383.86
116A 3  Chuck, roll, lxl, neck/off       10      36,872   295.00  325.25  306.47
116B 1  Chuck, chuck tender (IM)          8     103,921   216.15  239.00  216.79
     3  Chuck roll, retail ready         10      47,504   326.50  331.94  329.20
116G 4  Chuck, flap (IM)                  5       6,873   625.00  671.25  657.47
120  1  Brisket, deckle-off, bnls        11      13,050   230.00  242.25  232.00
120A 3  Brisket, point/off, bnls          3       2,043   420.00  445.00  421.93
123A 3  Short Plate, short rib            3      10,644   477.00  500.00  491.44
130  4  Chuck, short rib                  8      18,818   336.00  359.00  342.60
160  1  Round, bone-in
161  1  Round, boneless
167A 4  Round, knuckle, peeled           22      63,519   235.99  245.00  238.62
168  1  Round, top inside round           3      10,975   235.00  235.00  235.00
168  3  Round, top inside round          10      26,836   220.00  250.00  237.65
169  5  Round, top inside, denuded       18      91,785   270.27  295.00  273.07
169A 5  Round, top inside, cap off        4       4,519   299.50  319.58  308.02
     3  Round, top inside, side off       0           0
170  1  Round, bottom gooseneck           3       2,570   203.48  219.25  213.98
171B 3  Round, outside round             12      90,798   215.00  234.00  222.51
171C 3  Round, eye of round (IM)         19      50,400   237.94  250.00  243.67
174  3  Loin, short loin, 0x1             7      32,470   496.02  530.00  517.90
175  3  Loin, strip loin, 1x1
     1  Loin, strip loin bnls. 1x1        6       5,024   495.00  518.50  503.75
180  3  Loin, strip, bnls, 0x1           27      81,444   509.00  577.25  544.65
184  1  Loin, top butt, bnls, heavy
184  3  Loin, top butt, boneless         24     133,434   283.27  307.00  286.07
184B 3  Loin, top butt, CC (IM)           0           0
185A 4  Loin, bottom sirloin, flap        4       5,816   475.00  476.82  475.45
185B 1  Loin, ball-tip, bnls, heavy       7      18,961   210.00  251.30  237.94
185C 1  Loin, sirloin, tri-tip (IM)       8       8,614   295.50  333.50  322.21
185D 4  Loin, tri-tip, pld (IM)           5       5,282   441.75  469.30  458.59
189A 4  Loin, tndrloin, trmd, heavy      27     143,222  1090.00 1226.50 1120.99
191A 4  Loin, butt tender, trimmed
193  4  Flank, flank steak (IM)           8       9,077   400.42  456.30  428.71
--------------------------------------------------------------------------------
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       4,674   723.34  747.00  740.69
112A 3  Rib, ribeye, bnls, heavy          6       3,505   728.53  743.82  731.56
113C 1  Chuck, semi-bnls, neck/off        0           0
114  1  Chuck, shoulder clod
114A 3  Chuck, shoulder clod, trmd        3      47,608   199.67  210.00  201.91
114D 3  Chuck, clod, top blade            0           0
114E 3  Chuck, clod, arm roast            0           0
114F 5  Chuck, clod tender (IM)           3       1,440   370.00  396.50  383.32
116A 3  Chuck, roll, lxl, neck/off       10      27,704   270.00  290.00  275.38
116B 1  Chuck, chuck tender (IM)          3      14,275   216.15  235.00  216.57
     3  Chuck roll, retail ready          0           0
116G 4  Chuck, flap (IM)                  6      12,802   577.25  585.00  581.97
120  1  Brisket, deckle-off, bnls         5      40,712   221.00  246.50  222.49
120A 3  Brisket, point/off, bnls          0           0
123A 3  Short Plate, short rib
130  4  Chuck, short rib                  4       9,567   329.35  376.75  343.87
160  1  Round, bone-in                    0           0
161  1  Round, boneless                   0           0
167A 4  Round, knuckle, peeled            6      14,150   237.00  240.00  238.94
168  1  Round, top inside round           4      12,443   229.81  235.00  231.41
168  3  Round, top inside round
169  5  Round, top inside, denuded        0           0
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              9      85,372   210.00  225.00  213.30
171C 3  Round, eye of round (IM)          7      22,507   239.90  260.00  252.69
174  3  Loin, short loin, 0x1
175  3  Loin, strip loin, 1x1
     1  Loin, strip loin bnls. 1x1
180  3  Loin, strip, bnls, 0x1            6      20,517   410.00  422.46  412.46
184  1  Loin, top butt, bnls, heavy       0           0
184  3  Loin, top butt, boneless          5      52,855   230.00  266.50  231.51
184B 3  Loin, top butt, CC (IM)           0           0
185A 4  Loin, bottom sirloin, flap        0           0
185B 1  Loin, ball-tip, bnls, heavy       3      10,420   223.88  250.00  248.42
185C 1  Loin, sirloin, tri-tip (IM)
185D 4  Loin, tri-tip, pld (IM)
189A 4  Loin, tndrloin, trmd, heavy       3       4,288   940.00 1015.75 1000.31
191A 4  Loin, butt tender, trimmed        3      10,709   810.00  870.00  843.21
193  4  Flank, flank steak (IM)
--------------------------------------------------------------------------------
CHOICE, SELECT & UNGRADED CUTS   Fat Limitations 1-6  (IM) = Individual Muscle
--------------------------------------------------------------------------------
124  4  Rib, Back Ribs, Frozen            3      39,442    97.00  115.00   97.03
121D 4  Plate, Inside Skirt (IM)          7      38,570   349.91  366.86  352.04
121C 4  Plate, Outside Skirt (IM)         7       8,248   450.50  509.32  472.76
121E 6  Outside Skirt, pld (IM)           4       5,329   719.35  720.42  720.01
        Cap, Wedge Meat & (IM) Lean      15      50,316   280.00  301.25  290.28
        Pectoral Meat                     5      12,771   278.92  301.75  292.87
--------------------------------------------------------------------------------
GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind
--------------------------------------------------------------------------------
Ground Beef 73%                           6      19,024   145.00  170.65  149.56
Ground Beef 75%
Ground Beef 81%                          13      39,879   175.00  193.00  182.09
Ground Beef 85%
Ground Beef 90%                           0           0
Ground Beef 93%
Ground Beef Chuck 80%                     3      14,122   197.00  205.00  198.06
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%           0           0
--------------------------------------------------------------------------------
BEEF TRIMMINGS - STEER/HEIFER SOURCE - Fresh Combos & Frozen Boxed
--------------------------------------------------------------------------------
Fresh 50% lean trimmings                  0           0
Frozen 50% lean trimmings
--------------------------------------------------------------------------------
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
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