National Daily Boxed Beef Cutout & Boxed Beef Cuts - Negotiated Sales
LM_XB403
Des Moines, IA                  Wed, May 16, 2018               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. Select and Choice rib cuts steady to firm while chuck, round, and loin 
cuts steady to weak. Beef trimmings mostly sharply lower on light demand and heavy 
offerings.  

                                                CHOICE         SELECT
                                                600-900        600-900
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Current Cutout Values:                          231.03         208.50
Change from prior day:                          (0.61)         (1.01)
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Choice/Select spread:                                   22.53

Total Load Count (Cuts, Trimmings, Grinds):               134
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COMPOSITE PRIMAL VALUES
 Primal Rib                                     386.44         330.63
 Primal Chuck                                   177.07         173.50
 Primal Round                                   174.84         175.17
 Primal Loin                                    333.89         264.20
 Primal Brisket                                 176.71         174.29
 Primal Short Plate                             162.69         162.69
 Primal Flank                                   125.86         118.78
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LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS
                                                CHOICE         SELECT
Date  Choice Select Trim Grinds Total           600-900        600-900
05/15    70    54     3    19    145            231.64         209.51
05/14    48    37    14     8    107            232.12         209.12
05/11    47    25    15    18    105            230.97         208.69
05/10    50    32    15    14    111            231.07         209.14
05/09    58    36    23    20    137            230.96         208.95
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Current 5 Day Simple Average:                   231.35         209.08
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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             54.29  loads          2,171,450  pounds
 Select Cuts             38.45  loads          1,538,039  pounds
 Trimmings               27.22  loads          1,088,711  pounds
 Ground Beef             14.53  loads            581,112  pounds
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Choice Cuts, Fat Limitations 1-6          (IM) = Individual Muscle
IMPS/FL       Sub-Primal              # of      Total        Price      Weighted
                                    Trades     Pounds        Range       Average
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109E 1  Rib, ribeye, lip-on, bn-in       38      37,002   740.50  803.00  762.92
112A 3  Rib, ribeye, bnls, light          9       9,498   860.00  908.15  886.95
112A 3  Rib, ribeye, bnls, heavy         66      42,120   839.25  898.15  871.54
113C 1  Chuck, semi-bnls, neck/off        7      28,781   218.00  220.00  218.21
114  1  Chuck, shoulder clod              8      17,976   211.00  230.00  214.77
114A 3  Chuck, shoulder clod, trmd       34      89,979   220.78  247.00  229.50
114D 3  Chuck, clod, top blade            7      10,262   385.00  403.20  389.86
114E 3  Chuck, clod, arm roast            7      16,887   240.00  266.50  241.43
114F 5  Chuck, clod tender (IM)           9       5,293   543.00  570.00  557.23
116A 3  Chuck, roll, lxl, neck/off       91     124,429   260.66  310.00  292.34
116B 1  Chuck, chuck tender (IM)         41      76,733   218.00  238.00  222.21
     3  Chuck roll, retail ready
116G 4  Chuck, flap (IM)                 18      16,064   535.67  606.00  577.56
120  1  Brisket, deckle-off, bnls       118     222,708   243.00  279.25  250.32
120A 3  Brisket, point/off, bnls          7      13,795   445.00  452.20  451.54
123A 3  Short Plate, short rib           28      26,514   543.00  646.50  572.81
130  4  Chuck, short rib                 54      67,419   298.35  400.00  322.67
160  1  Round, bone-in
161  1  Round, boneless
167A 4  Round, knuckle, peeled           96      86,873   233.00  262.00  240.69
168  1  Round, top inside round          55      33,998   234.00  248.09  244.33
168  3  Round, top inside round          20      76,635   231.00  254.00  239.39
169  5  Round, top inside, denuded        8       8,674   272.00  300.00  289.45
169A 5  Round, top inside, cap off       16      24,069   314.00  328.00  318.90
     3  Round, top inside, side off
170  1  Round, bottom gooseneck           3       8,272   192.31  199.00  194.10
171B 3  Round, outside round             71     196,237   197.00  223.00  202.02
171C 3  Round, eye of round (IM)         82      75,126   226.19  255.00  235.06
174  3  Loin, short loin, 0x1            17     171,273   660.76  695.00  663.52
175  3  Loin, strip loin, 1x1             5      42,500   741.00  754.00  748.38
     1  Loin, strip loin bnls. 1x1        3       2,767   742.00  787.00  756.59
180  3  Loin, strip, bnls, 0x1           63      50,393   831.58  898.09  849.01
184  1  Loin, top butt, bnls, heavy       9       3,863   344.00  355.00  352.07
184  3  Loin, top butt, boneless         43      49,987   362.26  402.00  370.24
184B 3  Loin, top butt, CC (IM)           3      14,875   487.00  544.00  528.50
185A 4  Loin, bottom sirloin, flap       19      25,112   599.27  692.00  636.99
185B 1  Loin, ball-tip, bnls, heavy      25     101,787   220.62  271.75  231.98
185C 1  Loin, sirloin, tri-tip (IM)       8      50,678   345.00  366.75  349.45
185D 4  Loin, tri-tip, pld (IM)          15       2,474   426.00  466.00  459.83
189A 4  Loin, tndrloin, trmd, heavy      83     187,295   970.00 1149.25  993.28
191A 4  Loin, butt tender, trimmed        6      41,745   939.00  982.00  957.17
193  4  Flank, flank steak (IM)          11       5,426   544.00  555.25  548.49
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Select Cuts, Fat Limitations 1-6       (IM) = Individual Muscle
IMPS/FL         Sub-Primal             # of      Total        Price     Weighted
                                       Trades    Pounds       Range     Average
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109E 1  Rib, ribeye, lip-on, bn-in        7       4,851   580.00  630.32  598.78
112A 3  Rib, ribeye, bnls, light          8       8,439   690.00  755.00  711.82
112A 3  Rib, ribeye, bnls, heavy         38      22,351   680.00  755.00  713.08
113C 1  Chuck, semi-bnls, neck/off        7      16,676   218.00  225.01  219.69
114  1  Chuck, shoulder clod              6      11,541   208.00  228.50  219.15
114A 3  Chuck, shoulder clod, trmd       12      61,630   221.00  243.30  230.08
114D 3  Chuck, clod, top blade
114E 3  Chuck, clod, arm roast            0           0
114F 5  Chuck, clod tender (IM)           5       4,116   450.00  500.00  478.06
116A 3  Chuck, roll, lxl, neck/off       27     135,814   256.81  300.00  264.06
116B 1  Chuck, chuck tender (IM)          4       5,387   215.00  230.00  221.16
     3  Chuck roll, retail ready          0           0
116G 4  Chuck, flap (IM)                 11      40,696   550.49  586.50  563.22
120  1  Brisket, deckle-off, bnls        10      52,176   246.18  265.00  248.64
120A 3  Brisket, point/off, bnls
123A 3  Short Plate, short rib
130  4  Chuck, short rib                  4       6,826   303.00  333.00  306.02
160  1  Round, bone-in
161  1  Round, boneless
167A 4  Round, knuckle, peeled           23      47,030   229.00  250.00  236.02
168  1  Round, top inside round           7       5,531   231.59  248.09  238.25
168  3  Round, top inside round          16      32,332   233.01  251.75  240.77
169  5  Round, top inside, denuded        3       1,778   291.75  295.00  294.87
169A 5  Round, top inside, cap off
     3  Round, top inside, side off       0           0
170  1  Round, bottom gooseneck           3       3,770   190.00  199.58  192.16
171B 3  Round, outside round             17      50,252   201.00  215.00  204.37
171C 3  Round, eye of round (IM)         11      17,320   230.00  245.00  238.98
174  3  Loin, short loin, 0x1            24     172,078   438.00  520.25  470.37
175  3  Loin, strip loin, 1x1
     1  Loin, strip loin bnls. 1x1
180  3  Loin, strip, bnls, 0x1           20      43,547   470.00  529.64  478.38
184  1  Loin, top butt, bnls, heavy      13       3,405   330.00  357.00  331.88
184  3  Loin, top butt, boneless         26     123,172   314.96  364.00  338.03
184B 3  Loin, top butt, CC (IM)           0           0
185A 4  Loin, bottom sirloin, flap        4      24,698   564.28  605.00  569.00
185B 1  Loin, ball-tip, bnls, heavy      12     152,544   208.00  245.75  210.61
185C 1  Loin, sirloin, tri-tip (IM)       8      55,844   280.00  300.00  282.60
185D 4  Loin, tri-tip, pld (IM)
189A 4  Loin, tndrloin, trmd, heavy      21     130,702   878.00  945.00  890.53
191A 4  Loin, butt tender, trimmed        7      19,089   860.00  952.13  894.22
193  4  Flank, flank steak (IM)          12      14,995   488.92  532.00  498.87
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CHOICE, SELECT & UNGRADED CUTS   Fat Limitations 1-6  (IM) = Individual Muscle
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124  4  Rib, Back Ribs, Frozen            5      82,391   114.50  140.00  126.77
121D 4  Plate, Inside Skirt (IM)         19      59,789   407.00  455.51  422.26
121C 4  Plate, Outside Skirt (IM)        12      33,726   650.00  826.00  680.36
121E 6  Outside Skirt, pld (IM)
        Cap, Wedge Meat & (IM) Lean      28      46,536   275.00  296.50  289.45
        Pectoral Meat                    25      65,502   273.25  312.00  278.56
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GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind
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Ground Beef 73%                          27     117,243   153.97  182.50  165.19
Ground Beef 75%
Ground Beef 81%                          87     214,390   182.77  207.50  194.74
Ground Beef 85%
Ground Beef 90%
Ground Beef 93%                          12      18,456   305.00  318.50  315.58
Ground Beef Chuck 80%                    10      23,778   194.00  205.00  199.06
Ground Beef Round 85%
Ground Beef Sirloin 90%
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BLENDED GB - STEER/HEIFER/COW SOURCE - 10 Pound Chub Basis - Coarse & Fine Grind
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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%             0           0
Blended Ground Beef Round 85%
Blended Ground Beef Sirloin 90%
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BEEF TRIMMINGS - STEER/HEIFER SOURCE - Fresh Combos & Frozen Boxed
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Fresh 50% lean trimmings                 36   1,088,711    78.00   92.50   83.82
Frozen 50% lean trimmings                 0           0
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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"
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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.
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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

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