National Daily Boxed Beef Cutout & Boxed Beef Cuts - Negotiated Sales
LM_XB402
Des Moines, IA                  Tue, Nov 12, 2019               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:                          240.05         216.81
Change from prior day:                            1.46           3.12
--------------------------------------------------------------------------------
Choice/Select spread:                                   23.24
Total Load Count (Cuts, Trimmings, Grinds):                55

--------------------------------------------------------------------------------
COMPOSITE PRIMAL VALUES
 Primal Rib                                     419.24         327.62
 Primal Chuck                                   197.24         189.50
 Primal Round                                   192.86         196.16
 Primal Loin                                    307.35         255.99
 Primal Brisket                                 209.70         204.06
 Primal Short Plate                             157.72         157.72
 Primal Flank                                   115.29         114.20
--------------------------------------------------------------------------------
LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS
                                                CHOICE         SELECT
Date  Choice Select Trim Grinds Total           600-900        600-900
11/11    36    19     8     9     72            238.59         213.69
11/08    72    26     4    19    121            239.12         213.26
11/07    60    32    18     8    117            238.29         213.02
11/06    67    25    11    29    132            237.14         211.53
11/05    61    29     5    21    115            236.05         209.82
--------------------------------------------------------------------------------
Current 5 Day Simple Average:                   237.84         212.26
--------------------------------------------------------------------------------
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             24.34  loads            973,479  pounds
 Select Cuts             11.06  loads            442,365  pounds
 Trimmings                5.07  loads            202,639  pounds
 Ground Beef             14.40  loads            575,803  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       3       2,605   872.05  876.00  872.72
112A 3  Rib, ribeye, bnls, light         0           0
112A 3  Rib, ribeye, bnls, heavy         5       3,893   930.00  980.00  949.14
113C 1  Chuck, semi-bnls, neck/off       0           0
114  1  Chuck, shoulder clod             3      44,030   240.00  242.00  240.17
114A 3  Chuck, shoulder clod, trmd       8     108,320   240.72  265.00  252.71
114D 3  Chuck, clod, top blade
114E 3  Chuck, clod, arm roast
114F 5  Chuck, clod tender (IM)          3       1,274   490.00  530.00  525.33
116A 3  Chuck, roll, lxl, neck/off       7      38,697   325.00  364.25  355.73
116B 1  Chuck, chuck tender (IM)         7      27,685   237.00  272.25  260.17
     3  Chuck roll, retail ready         0           0
116G 4  Chuck, flap (IM)
120  1  Brisket, deckle-off, bnls       12     116,835   293.00  322.25  294.64
120A 3  Brisket, point/off, bnls
123A 3  Short Plate, short rib           8      18,396   402.00  485.00  415.77
130  4  Chuck, short rib                 7      10,472   285.00  365.00  343.93
160  1  Round, bone-in
161  1  Round, boneless
167A 4  Round, knuckle, peeled          19      33,907   260.00  275.70  267.26
168  1  Round, top inside round
168  3  Round, top inside round          5      53,464   249.00  258.55  249.56
169  5  Round, top inside, denuded       0           0
169A 5  Round, top inside, cap off
     3  Round, top inside, side off
170  1  Round, bottom gooseneck          0           0
171B 3  Round, outside round             4      22,863   268.05  270.00  269.81
171C 3  Round, eye of round (IM)        11      61,033   251.15  277.25  260.50
174  3  Loin, short loin, 0x1           10      17,175   490.72  570.25  511.86
175  3  Loin, strip loin, 1x1
     1  Loin, strip loin bnls. 1x1
180  3  Loin, strip, bnls, 0x1           9      25,348   500.23  547.25  504.61
184  1  Loin, top butt, bnls, heavy
184  3  Loin, top butt, boneless         7      29,931   332.00  360.25  347.16
184B 3  Loin, top butt, CC (IM)          5      40,694   463.35  488.28  465.02
185A 4  Loin, bottom sirloin, flap       5       9,194   493.00  507.70  501.28
185B 1  Loin, ball-tip, bnls, heavy      5      26,971   241.15  260.25  251.05
185C 1  Loin, sirloin, tri-tip (IM)      4       7,925   312.00  369.07  359.78
185D 4  Loin, tri-tip, pld (IM)
189A 4  Loin, tndrloin, trmd, heavy
191A 4  Loin, butt tender, trimmed
193  4  Flank, flank steak (IM)          7       8,266   441.00  453.00  451.61
--------------------------------------------------------------------------------
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       3,240   591.11  619.15  600.53
112A 3  Rib, ribeye, bnls, light
112A 3  Rib, ribeye, bnls, heavy
113C 1  Chuck, semi-bnls, neck/off
114  1  Chuck, shoulder clod             4      68,924   226.52  243.00  231.69
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)
116A 3  Chuck, roll, lxl, neck/off       7      83,435   325.00  340.00  331.53
116B 1  Chuck, chuck tender (IM)         6      44,404   255.00  272.00  257.97
     3  Chuck roll, retail ready
116G 4  Chuck, flap (IM)                 7      29,447   350.00  375.00  359.68
120  1  Brisket, deckle-off, bnls        5      30,385   285.00  300.00  286.77
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
167A 4  Round, knuckle, peeled
168  1  Round, top inside round
168  3  Round, top inside round          4       5,832   245.00  260.30  251.88
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             0           0
171C 3  Round, eye of round (IM)         5      13,026   251.15  265.00  255.66
174  3  Loin, short loin, 0x1            4       3,085   360.00  399.15  366.01
175  3  Loin, strip loin, 1x1            0           0
     1  Loin, strip loin bnls. 1x1       0           0
180  3  Loin, strip, bnls, 0x1           9       5,840   355.00  391.98  369.27
184  1  Loin, top butt, bnls, heavy
184  3  Loin, top butt, boneless
184B 3  Loin, top butt, CC (IM)          0           0
185A 4  Loin, bottom sirloin, flap (IM)
185B 1  Loin, ball-tip, bnls, heavy
185C 1  Loin, sirloin, tri-tip (IM)
185D 4  Loin, tri-tip, pld (IM)          0           0
189A 4  Loin, tndrloin, trmd, heavy
191A 4  Loin, butt tender, trimmed       3       1,404  1000.00 1049.15 1015.62
193  4  Flank, flank steak (IM)          4      10,885   438.00  441.85  441.50
--------------------------------------------------------------------------------
CHOICE, SELECT & UNGRADED CUTS   Fat Limitations 1-6  (IM) = Individual Muscle
--------------------------------------------------------------------------------
124  4  Rib, Back Ribs, Frozen           3      79,362   130.00  135.00  131.21
121D 4  Plate, Inside Skirt (IM)         7      16,865   429.00  487.25  437.90
121C 4  Plate, Outside Skirt (IM)        4       5,337   570.00  660.75  599.35
121E 6  Outside Skirt, pld (IM)          4      19,483   870.00  910.00  873.43
        Cap, Wedge Meat & (IM) Lean     15     170,748   257.00  285.00  262.83
        Pectoral Meat                    8      15,889   245.00  275.00  268.61
--------------------------------------------------------------------------------
GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind
--------------------------------------------------------------------------------
Ground Beef 73%                          4       1,620   185.30  195.75  190.98
Ground Beef 75%
Ground Beef 81%                          9      41,575   209.88  225.75  212.71
Ground Beef 85%
Ground Beef 90%
Ground Beef 93%
Ground Beef Chuck 80%                    8      58,361   194.00  226.98  215.65
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%
Blended Ground Beef Chuck 80%            0           0
Blended Ground Beef Round 85%            0           0
Blended Ground Beef Sirloin 90%          0           0
--------------------------------------------------------------------------------
BEEF TRIMMINGS - STEER/HEIFER SOURCE - Fresh Combos & Frozen Boxed
--------------------------------------------------------------------------------
Fresh 50% lean trimmings                 6     202,639    90.75  100.00   95.37
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

.