We tried several things before arriving at an acceptable solution:
xxd -u /usr/bin/xxd | grep 'DF'
00017b0: 4010 8D05 0DFF FF0A 0300 53E3 0610 A003 @.........S.....
root# grep -ibH "df" /usr/bin/xxd
Binary file /usr/bin/xxd matches
xxd -u /usr/bin/xxd | grep -H 'DF'
(standard input):00017b0: 4010 8D05 0DFF FF0A 0300 53E3 0610 A003 @.........S.....
Then found we could get usable results with
xxd -u /usr/bin/xxd > /tmp/xxd.hex ; grep -H 'DF' /tmp/xxd
Note that using a simple search target like 'DF' will incorrectly match characters that span across byte boundaries, i.e.
xxd -u /usr/bin/xxd | grep 'DF'
00017b0: 4010 8D05 0DFF FF0A 0300 53E3 0610 A003 @.........S.....
--------------------^^
So we use an ORed regexp to search for ' DF' OR 'DF ' (the searchTarget preceded or followed by a space char).
The final result seems to be
xxd -u -ps -c 10000000000 DumpFile > DumpFile.hex
egrep ' DF|DF ' Dumpfile.hex
0001020: 0089 0424 8D95 D8F5 FFFF 89F0 E8DF F6FF ...$............
-----------------------------------------^^
0001220: 0C24 E871 0B00 0083 F8FF 89C3 0F84 DF03 .$.q............
--------------------------------------------^^