The Morning Wire / Sat Jun 20, 2026

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The Morning Wire

The trading day in one page — Sat, Jun 20
● Written from USDA reportsEvery figure as filed
← earliestJun 20latest →

The market in a line

Sat, Jun 20
Choice cutout held near $394.37. 12 barns across 7 states reported 690 priced lots.

Feeder steers

National, week of Jun 15 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 lb565.28/cwt$4.05 higher2,372143
400-499 lb495.50/cwt$4.48 higher5,255156
500-599 lb459.05/cwt$5.33 higher9,107161
600-699 lb419.76/cwt$5.34 higher9,445155
700-799 lb385.83/cwt$6.80 higher6,217132
800-899 lb363.63/cwt$11.95 higher11,40584

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 20, weighted by head. Spread of $75.00 between the top and bottom of 6 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
St. Onge LivestockSD494.34/cwt245
Somerset Livestock AuctionKY481.17/cwt35
Shenandoah Valley LivestockVA473.57/cwt67
Crossville Livestock AuctionTN466.99/cwt99
Carthage Livestock AuctionTN423.51/cwt22
Springlake Livestock Market, Inc.VA419.34/cwt38

Boxed beef

PM close · Jun 19 USDA
Choice $394.37, $0.45 higher. Select $372.08, $2.67 lower. The Choice–Select spread stands at $22.29. 80 loads traded.

Fed cattle

Negotiated cash, week to date USDA
1,320 head traded Jun 13–Jun 19.
RegionBasisPriceHead
Iowa-MinnesotaDressed Delivered405.0040
Iowa-MinnesotaLive Delivered256.40174
Iowa-MinnesotaLive FOB253.5076
NebraskaDressed Delivered405.00685
NebraskaLive FOB256.00327
TX-OK-NMLive Delivered256.0018

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: Feeder steers under 400 lbs steady, 400-700 lbs 12.00-1500 higher with instances sharply higher on the fancy packages and loads, Feeder and yearling heifers steady, Good demand for feeder and yearling classes.

Somerset Livestock Auction · Kentucky

Compared to last week, Feeder Steers 10.00 higher. Feeder Heifers 10.00 lower. Feeder Bulls not well tested. Slaughter Cows mostly steady to 4.00 lower. Slaughter Bulls mostly steady. Quality good to very good, with several large groups of Value-Added steers.

Crossville Livestock Auction · Tennessee

Compared to last week Feeder Steers 5.00 to 10.00 higher; Feeder Heifers 6.00 to 8.00 higher; No trends on Feeder Bulls due to lack of comparable data; Slaughter Cows/ Bulls steady to 3.00 higher.

Carthage Livestock Auction · Tennessee

Compared to last Saturday; Feeder steers and feeder heifers sold mostly steady. Slaughter cows sold 3.00 to 5.00 lower. Slaughter bulls sold steady.

Campbellsville Livestock Auction · Kentucky

Compared to last week, slaughter cows sold 3.00 to 9.00 lower with slaughter bulls mostly steady. No market trends could be established for feeder classes due to limited comparable receipts.

Greenville Livestock Auction - Greenville, TN · Tennessee

Cows and bulls

National direct, dressed USDA
ClassPriceDirectionHead
Breaker (75% lean)315.71/cwt$1.22 lower506
Boner (85% lean)332.75/cwt$1.07 higher1,464
Cutter (90% lean)332.72/cwt$1.38 higher2,440
Premium White325.95/cwt$2.13 lower1,788
Bull (92% lean)372.54/cwt$2.71 higher395

What published

See every report →
13 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.