The Morning Wire / Fri Jun 12, 2026

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The Morning Wire

The trading day in one page — Fri, Jun 12
● Written from USDA reportsEvery figure as filed
← earliestJun 12latest →

The market in a line

Fri, Jun 12
Choice cutout closed $1.28 lower at $391.93. 11 barns across 9 states reported 606 priced lots.

Feeder steers

National, week of Jun 8 USDA
Weighted across every reported lot, by weight class. Weekly rather than daily — one day's barns are too thin a base for a national figure.
WeightPricevs prior weekHeadBarns
300-399 lb561.23/cwt$5.66 higher2,523144
400-499 lb491.02/cwt$0.95 lower5,419160
500-599 lb453.72/cwt$5.47 lower9,671163
600-699 lb414.42/cwt$7.25 lower8,286154
700-799 lb379.03/cwt$5.01 lower6,306130
800-899 lb351.68/cwt$1.86 lower7,59587

Barn by barn, 500–599 lb steers

Same day, same class USDA
Every barn that sold at least 20 head of this class on Fri, Jun 12, weighted by head. Spread of $149.62 between the top and bottom of 7 barns. An average moves with the cattle that showed up as much as with the buyers in the seats — a yard with better grade will average higher on the same demand. This is where the money landed, not a verdict on the barn.
BarnStateAverageHead
Herreid Livestock MarketSD514.00/cwt23
LexingtonNE500.81/cwt85
Eastern Missouri Commission CompanyMO489.57/cwt96
Fauquier Livestock Exchange, Inc.VA435.81/cwt31
Ash Flat Livestock Auction Inc.AR435.00/cwt77
Siler City Livestock AuctionNC412.57/cwt26
Cattlemen's Livestock Auction - Belen, NMNM364.38/cwt26

Boxed beef

PM close · Jun 12 USDA
Choice $391.93, $1.28 lower. Select $372.72, $0.53 lower. The Choice–Select spread stands at $19.21. 77 loads traded.

Fed cattle

Negotiated cash, week to date USDA
11,089 head traded Jun 6–Jun 12.
RegionBasisPriceHead
Iowa-MinnesotaDressed Delivered403.901,235
Iowa-MinnesotaLive Delivered257.913,321
Iowa-MinnesotaLive FOB255.062,765
NebraskaDressed Delivered404.672,169
NebraskaLive FOB255.00727
TX-OK-NMLive FOB255.00872

At the barns

USDA market reporters, as filed USDA
One barn per state, largest first — more states file than fit here. Your own state is linked below.

Compared to two weeks ago: best test on steers 950 to 999 lbs steady to 3.00 lower, heifers not well compared. Good to very good demand for a nice offering of feeder cattle today. Several long strings and a few single loads made up the majority of the cattle.

Herreid Livestock Market · South Dakota

Compared to the last special two weeks ago, steer calves weighing 500-600 lbs sold steady, with 600-800 lbs on a light test trading with a firm to higher undertone.

Eastern Missouri Commission Company · Missouri

Compared to last week; slaughter and feeder cows sold mostly steady in the morning and 2.00 higher in the afternoon. Slaughter bulls traded 10.00 lower. A large offering again this week with several long strings of fed cows coming out of the feed yards. Sale again next Friday.

Torrington Livestock Commission Company · Wyoming

Slaughter cattle were 4.00 to 5.00 lower this week compared to last week . Feeder cattle were 4.00 to 5.00 lower this week compared to last week . Demand was moderate ; market activity and buyer interest were moderate . Offerings moderate with quality average . 8 head of hogs

Siler City Livestock Auction · North Carolina

Supply on feeders this week was good, with several offerings of weaned calves. Demand was good, with a stronger demand noted on heifers. No trends were determined due to the sale not being reported last week.

Ash Flat Livestock Auction Inc. · Arkansas

Compared to last week: Steer calves 10.00-15.00 higher, while heifer calves sold steady to 5.00 lower. Feeder steers and heifers sold steady with limited comparisons. Slaughter cows and bulls sold steady. Trade and demand good.

Cattlemen's Livestock Auction - Belen, NM · New Mexico

Compared to last week: Feeder steer and heifer calves sold mostly steady on a light test. Slaughter cows sold steady to 2.00 higher with slaughter bulls steady.

Richmond Livestock Auction · Kentucky

Cows and bulls

National direct, dressed USDA
ClassPriceDirectionHead
Breaker (75% lean)317.88/cwt$4.33 lower672
Boner (85% lean)332.10/cwt$0.40 lower1,888
Cutter (90% lean)332.71/cwt$0.17 higher3,019
Premium White332.20/cwt$3.36 higher1,985
Bull (92% lean)375.50/cwt$0.35 lower374

What published

See every report →
45 USDA reports carried this date — sale barns, state summaries, video and board sales, grain, hay and the national desks.
Source: USDA AMS. Every figure is USDA's as filed, and the direction words — higher, lower, steady— follow the arithmetic rather than an opinion. Quoted comment is the work of USDA market reporters, credited to the sale it came from. This is RaisedBeef's rendering of USDA data, not a copy of USDA's document and not endorsed by USDA.