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Select Cutout

USDA AMS daily, boxed beef cutout · $/cwt · Updated
LM_XB403US wholesale index
$371.58/cwtSELECT
$391.03/cwtChoiceCh/Se spread +19.45/cwt
Day over day
-0.8%
Week over week
-0.1%
6-month
+8.1%
As of
Jun 26, 2026
The select cutout printed $371.58/cwt in the latest USDA session, down 0.8% on the day, down 0.1% week over week, and up 8.1% versus six months ago.

What it measures

LM_XB403

In simple termsThe composite value of a USDA Select beef carcass in boxed form, in dollars per hundredweight. Watched against Choice, the gap between the two reads grading supply and middle-meat demand.

Report
USDA National Daily Boxed Beef Cutout (LM_XB403)
Grade
USDA Select
Unit
$/cwt (US index, not converted)
Companion read
Choice/Select spread

Last 6 months

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Recent prints

DateChoice ($/cwt)Select ($/cwt)Ch/Se Spread ($/cwt)
2026-06-26$391.03$371.58+$19.45
2026-06-25$396.32$374.74+$21.58
2026-06-24$398.94$378.14+$20.80
2026-06-23$400.31$381.06+$19.25
2026-06-22$396.06$375.59+$20.47
2026-06-19$394.37$372.08+$22.29
2026-06-18$393.92$374.75+$19.17
2026-06-17$394.50$377.26+$17.24
2026-06-16$399.58$376.85+$22.73
2026-06-15$395.05$376.41+$18.64
2026-06-12$391.93$372.72+$19.21
2026-06-11$393.21$373.25+$19.96
2026-06-10$393.28$375.70+$17.58
2026-06-09$392.90$376.93+$15.97
2026-06-08$392.20$378.09+$14.11
2026-06-05$392.70$382.69+$10.01
2026-06-04$392.66$383.04+$9.62
2026-06-03$395.86$384.43+$11.43
2026-06-02$394.07$384.81+$9.26
2026-06-01$392.83$383.09+$9.74
Source: USDA National Daily Boxed Beef Cutout (LM_XB403). Ch/Se spread = Choice minus Select; a wider spread signals stronger premium-grade demand.

Frequently asked

What is the current select cutout?

$371.58/cwt as of Jun 26, 2026, from the USDA National Daily Boxed Beef Cutout (LM_XB403). That is -0.1% week over week.

Where has the select cutout traded recently?

Up 8.1% over the last six months. The bid side has been in control.

How is the select cutout calculated?

It is the weighted-average value of a Select-grade carcass once it is broken into boxed subprimals, reported daily by USDA AMS in dollars per hundredweight as part of the National Daily Boxed Beef Cutout (LM_XB403). It is a US wholesale index, not a price you transact, so it stays in native $/cwt.

About the select cutout

The Select cutout is the composite value of a USDA Select beef carcass in boxed form, in dollars per hundredweight ($/cwt). Watched against the Choice cutout, the gap between the two (the Choice-Select spread) reads grading supply and middle-meat demand. A narrow spread means Select is finding a bid, usually grind and foodservice pull; a wide one means Choice quality is scarce or in demand.

ReportLM_XB403GradeSelectUnit$/cwt
See the full chart

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Other cutouts

Source: USDA National Daily Boxed Beef Cutout (LM_XB403). Weighted-average wholesale, updated every business day after the USDA afternoon report. Values in USD per hundredweight ($/cwt). The cutout is a US index, not currency-converted.