The Morning Wire / Sat Jun 13, 2026

Feeder Cattle — prices, barns, and planning

The Feeder BoardNational weight ladder, every weight classfreeState & Region LaddersEvery state, every weightfreeFind Your BarnEvery USDA-reported market, every salefreeSale ReportsClean report pages replacing USDA PDFsfreeState Auction SummariesUSDA's statewide view, 30 statesfreeWhat Are My Calves Worth?Weight + sex + state → today's moneyfreeThe Forward CurveFall prices trading today, by regionproVideo & Internet SalesSuperior, Western Video and morefreeBoard SalesForward feeder trade, by delivery monthfree

Fed Cattle — the cash market and what quality pays

Fed Cash Today5-Area live & dressed, regional splitfreePacker MarginThe daily per-head numberfreeCarcass Weight WatchWeekly weights vs 5-year bandfreeCattle on FeedMonthly placements & marketings, revisions trackedfreeNegotiated Share TrackerCash vs formula, tracked over yearsfreeWhat Quality PaysWhat packers add and subtract on a carcass gridfree

Beef & Retail — from the box to the grocery shelf

Boxed Beef DailyChoice, Select, the spreadfreePrimal ValuesRib to flank, what's pulling the cutoutfreeWhat the Label Is WorthGrass-fed and organic vs conventional, by cutfreeThe 84-Cut LadderEvery cut USDA tracks, dailyproWho Gets WhatEvery segment’s share of the beef dollarfreeImported Lean MarketThe 90s trade that moves cull cowsSoon

Feed & Hay — the cost side, cash not futures

Cash Grain Bids30 states of elevator bids, dailyfreeHay Prices19 states + 18 auctions, by qualityfreeBasis MapWhat local corn is worth against the boardfreeFeedstuffs DeskDDGS, soybean meal, mill feedsfree

Cows & Bred Stock — the rebuild market

Cull Cow & Bull PricesDaily national, by class and regionfreeCow CutoutWhat the grinding beef is worth, dailyfreeBred Cows & PairsBy stage, age, and statefree

More

Latest ReportsEvery USDA release as it publishesfreeReport ArchiveWhat USDA published on any datefreeThe Morning WireDaily brief from every fresh reportfreeRecords BookAll-time highs, and where today sitsfreeCattle on FeedMonthly, with revisions trackedfreeThe BordersMexico & Canada flows and pricesproDrought & Forced SellingHow much of the herd is dry, and what it costsfreeAlertsYour barn, your class, your thresholdSoon

The Morning Wire

The trading day in one page — Sat, Jun 13
● Written from USDA reportsEvery figure as filed
← earliestJun 13latest →

The market in a line

Sat, Jun 13
Choice cutout closed $1.28 lower at $391.93. 9 barns across 4 states reported 650 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 Sat, Jun 13, weighted by head. Spread of $86.18 between the top and bottom of 5 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
South Branch Valley Livestock ExchangeWV497.19/cwt89
Somerset Livestock AuctionKY446.22/cwt64
Crossville Livestock AuctionTN441.21/cwt33
Springlake Livestock Market, Inc.VA423.02/cwt66
Carthage Livestock AuctionTN411.01/cwt35

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 last Saturday the feeder market was uneven with a good quality offering. Feeder steers 300-600 lbs were steady to 4.00 lower in spots with a good supply and good demand. Yearling steers appeared steady with a good supply, but limited head to head comparisons.

Somerset Livestock Auction · Kentucky

Compared to last week Feeder Steers under 650# 10.00 to 15.00 lower, over 650# not well tested; Feeder Heifers under 550# lightly tested and traded 5.00 higher, over 550# 10.00 to 15.00 lower; Feeder Bulls under 550lbs 12.00 to 15.00 lower, over 550# not well established;

Carthage Livestock Auction · Tennessee

Compared to last Saturday: Feeder steers and feeder heifers sold 2.00 to 3.00 higher. Slaughter cows and bulls sold steady to 2.00 higher.

Campbellsville Livestock Auction · Kentucky

No trends established due to lack of comparable recites. However higher undertones observed on Feeder Steers and Heifers. Quality exceeding previous week, with good demand.

Crossville Livestock Auction · Tennessee

No market trends could be established due to limited comparable receipts, however, a higher undertone, higher-quality offerings, and increased buyer participation was noted for feeder cattle.

Greenville Livestock Auction - Greenville, TN · Tennessee

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 →
10 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.