National Daily Boxed Beef Cutout & Boxed Beef Cuts - Negotiated Sales
LM_XB402
Des Moines, IA                  Thu, Jun 14, 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:                          223.42         203.46
Change from prior day:                          (0.48)           1.16
--------------------------------------------------------------------------------
Choice/Select spread:                                   19.96

Total Load Count (Cuts, Trimmings, Grinds):                57
--------------------------------------------------------------------------------
COMPOSITE PRIMAL VALUES
 Primal Rib                                     381.52         334.28
 Primal Chuck                                   166.40         159.13
 Primal Round                                   160.77         160.73
 Primal Loin                                    330.02         272.34
 Primal Brisket                                 187.90         188.65
 Primal Short Plate                             158.25         158.25
 Primal Flank                                   120.94         115.52
--------------------------------------------------------------------------------
LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS
                                                CHOICE         SELECT
Date  Choice Select Trim Grinds Total           600-900        600-900
06/13    69    39    15    21    144            223.90         202.30
06/12    60    27     9    24    120            224.92         203.39
06/11    50    23     7    17     97            225.13         202.80
06/08    45    33    13    25    115            226.21         203.18
06/07    44    28     6    41    119            226.41         203.41
--------------------------------------------------------------------------------
Current 5 Day Simple Average:                   225.32         203.02
--------------------------------------------------------------------------------
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             35.80  loads          1,432,175  pounds
 Select Cuts             16.32  loads            652,784  pounds
 Trimmings                0.00  loads                  0  pounds
 Ground Beef              5.23  loads            209,031  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        6       2,650   744.15  780.25  761.05
112A 3  Rib, ribeye, bnls, light          7      29,231   826.50  860.25  836.27
112A 3  Rib, ribeye, bnls, heavy         12       8,595   851.25  870.16  861.42
113C 1  Chuck, semi-bnls, neck/off        3      50,116   210.00  215.00  212.87
114  1  Chuck, shoulder clod              4       7,313   200.00  220.00  210.73
114A 3  Chuck, shoulder clod, trmd        9      56,683   201.00  223.77  204.77
114D 3  Chuck, clod, top blade
114E 3  Chuck, clod, arm roast            5       9,202   225.00  240.00  231.62
114F 5  Chuck, clod tender (IM)          10      30,692   362.31  451.25  382.66
116A 3  Chuck, roll, lxl, neck/off       16      55,515   258.00  287.00  276.04
116B 1  Chuck, chuck tender (IM)         11      33,336   220.00  237.25  225.34
     3  Chuck roll, retail ready
116G 4  Chuck, flap (IM)                  9       7,817   592.46  661.50  634.23
120  1  Brisket, deckle-off, bnls        20      97,989   265.23  290.00  272.05
120A 3  Brisket, point/off, bnls          3      24,598   474.86  480.00  475.27
123A 3  Short Plate, short rib           11       9,246   590.00  617.00  593.01
130  4  Chuck, short rib                 12      26,389   325.00  371.25  354.47
160  1  Round, bone-in
161  1  Round, boneless
167A 4  Round, knuckle, peeled           23     153,973   215.90  239.52  218.25
168  1  Round, top inside round           3       9,869   200.00  205.00  201.46
168  3  Round, top inside round          13      58,083   201.00  221.00  206.95
169  5  Round, top inside, denuded        5      19,284   226.00  255.00  241.96
169A 5  Round, top inside, cap off        4      12,301   267.45  292.00  273.48
     3  Round, top inside, side off       0           0
170  1  Round, bottom gooseneck           7      50,132   176.00  180.00  177.00
171B 3  Round, outside round             27     209,834   188.00  201.00  191.99
171C 3  Round, eye of round (IM)         17      35,513   204.00  236.50  209.92
174  3  Loin, short loin, 0x1             3       6,260   700.00  746.25  716.99
175  3  Loin, strip loin, 1x1             0           0
     1  Loin, strip loin bnls. 1x1        3       2,068   755.00  769.00  763.78
180  3  Loin, strip, bnls, 0x1           13      22,099   769.00  863.75  817.44
184  1  Loin, top butt, bnls, heavy
184  3  Loin, top butt, boneless         13     147,370   356.86  380.00  358.96
184B 3  Loin, top butt, CC (IM)
185A 4  Loin, bottom sirloin, flap       14      42,039   523.88  570.00  534.08
185B 1  Loin, ball-tip, bnls, heavy      10      32,257   245.75  271.50  258.93
185C 1  Loin, sirloin, tri-tip (IM)       7       2,661   423.50  461.50  435.89
185D 4  Loin, tri-tip, pld (IM)
189A 4  Loin, tndrloin, trmd, heavy      14      49,737   940.00 1091.50  945.86
191A 4  Loin, butt tender, trimmed        3       8,102   920.00  944.49  938.20
193  4  Flank, flank steak (IM)           7      21,191   532.51  566.25  535.66
--------------------------------------------------------------------------------
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        7      13,360   609.09  641.25  621.10
112A 3  Rib, ribeye, bnls, light          5      10,096   712.16  755.00  726.79
112A 3  Rib, ribeye, bnls, heavy          9       7,772   701.75  755.00  722.88
113C 1  Chuck, semi-bnls, neck/off        6      48,041   210.23  215.51  211.82
114  1  Chuck, shoulder clod              5      10,940   200.00  212.00  210.16
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       15     157,755   250.00  265.00  251.77
116B 1  Chuck, chuck tender (IM)
     3  Chuck roll, retail ready          0           0
116G 4  Chuck, flap (IM)                  3       4,615   572.40  587.00  574.90
120  1  Brisket, deckle-off, bnls         4      13,006   267.00  276.75  271.36
120A 3  Brisket, point/off, bnls          0           0
123A 3  Short Plate, short rib
130  4  Chuck, short rib                  3       3,549   349.00  349.00  349.00
160  1  Round, bone-in                    0           0
161  1  Round, boneless                   0           0
167A 4  Round, knuckle, peeled           10      48,494   212.00  227.00  219.47
168  1  Round, top inside round
168  3  Round, top inside round           6       9,060   201.00  218.45  208.68
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           7      49,963   176.00  185.00  176.74
171B 3  Round, outside round             11      67,522   188.00  203.00  198.46
171C 3  Round, eye of round (IM)          9      18,938   211.25  227.00  216.77
174  3  Loin, short loin, 0x1
175  3  Loin, strip loin, 1x1             0           0
     1  Loin, strip loin bnls. 1x1        0           0
180  3  Loin, strip, bnls, 0x1           11      18,219   511.00  555.00  521.68
184  1  Loin, top butt, bnls, heavy       5       6,141   316.25  334.51  332.43
184  3  Loin, top butt, boneless         14      21,982   332.00  363.00  345.61
184B 3  Loin, top butt, CC (IM)           0           0
185A 4  Loin, bottom sirloin, flap        5       6,259   530.00  641.50  585.45
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       8      34,070   850.00  977.00  855.62
191A 4  Loin, butt tender, trimmed        4       1,345   833.82  885.00  841.26
193  4  Flank, flank steak (IM)
--------------------------------------------------------------------------------
CHOICE, SELECT & UNGRADED CUTS   Fat Limitations 1-6  (IM) = Individual Muscle
--------------------------------------------------------------------------------
124  4  Rib, Back Ribs, Frozen            4       1,767   123.82  140.00  126.23
121D 4  Plate, Inside Skirt (IM)          9      33,997   427.00  455.00  436.46
121C 4  Plate, Outside Skirt (IM)        15      34,753   649.97  741.00  692.66
121E 6  Outside Skirt, pld (IM)
        Cap, Wedge Meat & (IM) Lean      14      36,497   288.50  310.00  295.76
        Pectoral Meat                     5       4,041   290.50  307.09  295.82
--------------------------------------------------------------------------------
GB - STEER/HEIFER SOURCE - 10 Pound Chub Basis - Coarse and Fine Grind
--------------------------------------------------------------------------------
Ground Beef 73%                           9      27,091   125.00  150.25  132.75
Ground Beef 75%
Ground Beef 81%                          20      95,053   153.00  188.00  166.03
Ground Beef 85%                           0           0
Ground Beef 90%
Ground Beef 93%                           7      28,789   296.00  313.93  298.59
Ground Beef Chuck 80%                     8      24,641   176.00  196.00  177.00
Ground Beef Round 85%
Ground Beef Sirloin 90%
--------------------------------------------------------------------------------
BLENDED GB - STEER/HEIFER/COW SOURCE - 10 Pound Chub Basis - Coarse & Fine Grind
--------------------------------------------------------------------------------
Blended Ground Beef 73%                   0           0
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                  0           0
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

.