The Morning Wire / Tue Jun 23, 2026

Feeder Cattle — prices, barns, and planning

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The Morning Wire

The trading day in one page — Tue, Jun 23
● Written from USDA reportsEvery figure as filed
← Jun 22Jun 23Jun 24 →

The market in a line

Tue, Jun 23
Choice cutout closed $4.25 higher at $400.31. 52 barns across 17 states reported 3,398 priced lots.

Feeder steers

National, week of Jun 22 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 lb590.53/cwt$25.25 higher2,785141
400-499 lb508.92/cwt$13.42 higher4,909151
500-599 lb468.46/cwt$9.41 higher8,917150
600-699 lb432.61/cwt$12.85 higher9,757147
700-799 lb393.26/cwt$7.43 higher7,756130
800-899 lb365.14/cwt$1.51 higher7,52996

Barn by barn, 500–599 lb steers

Same day, same class USDA
Every barn that sold at least 20 head of this class on Tue, Jun 23, weighted by head. Spread of $76.11 between the top and bottom of 20 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
Miles City Livestock CommissionMT512.23/cwt28
Kingsville Livestock AuctionMO508.20/cwt132
F&T Livestock MarketMO500.74/cwt39
OKC West Livestock MarketOK498.09/cwt449
Virginia Cattle CompanyVA492.93/cwt59
Lolli Brothers Livestock MarketMO484.03/cwt136
Brookhaven Livestock AuctionMS481.56/cwt43
Beaver Livestock AuctionOK479.27/cwt165
Interstate Regional StockyardsMO475.93/cwt91
Four State StockyardsMO465.17/cwt100
Springfield Livestock Auction - KentuckyKY460.17/cwt44
ThomasvilleGA459.97/cwt169
Ledbetter Livestock AuctionKY454.82/cwt27
Ozarks Regional StockyardsMO453.35/cwt276
Knoxville Livestock Auction - Knoxville, TNTN453.04/cwt26
Letohatchee StockyardsAL451.76/cwt35
Arkansas Cattle Auction LLCAR442.62/cwt25
Pulaski CoGA439.82/cwt27
Cullman StockyardsAL437.75/cwt27
Athens Regional Stockyard - Athens, TNTN436.12/cwt68

Boxed beef

PM close · Jun 23 USDA
Choice $400.31, $4.25 higher. Select $381.06, $5.47 higher. The Choice–Select spread stands at $19.25. 93 loads traded.

Fed cattle

Negotiated cash, week to date USDA
1,461 head traded Jun 17–Jun 23.
RegionBasisPriceHead
Iowa-MinnesotaDressed Delivered407.26163
Iowa-MinnesotaLive Delivered256.99208
Iowa-MinnesotaLive FOB256.5978
NebraskaDressed Delivered405.00685
NebraskaLive FOB256.00327

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 the last special two weeks ago, steer calves weighing 450-500 lbs sold 10.00-25.00 higher, with 5 weight steers trading steady to firm, 600-700 lbs steers sold steady to 10.00 higher and over 700 lbs sold with a higher undertone on limited comparisons with last special including six pot…

Lolli Brothers Livestock Market · Missouri

Compared to last week, feeder steers 10.00 - 12.00 higher. Feeder heifers 12.00 - 15.00 higher. Feeder bulls sharply higher. Slaughter cattle 2.00 - 5.00 higher.

Thomasville · Georgia

Compared to one week ago: Slaughter cattle sold 1.00 to 3.00 higher. Feeder cattle sold 3.00 to 7.00 higher. Trade active with good demand on feeder calves. Replacement cattle sold firm.

Cullman Stockyards · Alabama

Compared to last week (6-16-26): Feeder cattle were all too lightly tested to develop any market trend. Demand for feeder cattle was mostly good for very light offerings. Most feeders were offered in small packages or as singles.

Miles City Livestock Commission · Montana

Compared to last week; Steer calves under 550 lbs. 4.00 to 10.00 higher over 550 lbs. 6.00 to 11.00 lower. Heifer calves 10.00 to 11.00 higher. Quality was average. Demand was moderate to good. Slaughter cows 5.00 to 8.00 lower. Slaughter bulls 11.00 lower.

McAlester Union Stockyards · Oklahoma

Compared to one week ago: Slaughter cows 1.00 to 3.00 higher, slaughter bulls mostly steady. Feeder steers, bulls, and heifers 5.00 to 10.00 higher.

Cattlemen's Livestock Auction Market, Inc · Florida

Compared to last week, supply on feeders this week was limited, with overall quality remaining good. Demand was strong throughout the sale. Feeder steers sold steady to $2.00 higher, while feeder bulls sold steady to $7.00 higher. Feeder heifers sold steady to $3.00 lower.

Arkansas Cattle Auction LLC · Arkansas

Compared to last week, the steers weighing 450-650 lbs. sold 15.00 to 20.00 higher. The 650-750 lb. steers sold 7.00 higher and the heavier weight steers sold steady to weak. The heifers under 700 lbs. sold 10.00 to 13.00 higher and the heifers weighing 800-850 lbs. sold steady.

Ozarks Regional Stockyards · Missouri

Cows and bulls

National direct, dressed USDA
ClassPriceDirectionHead
Breaker (75% lean)316.71/cwt$1.23 lower568
Boner (85% lean)332.51/cwt$0.77 higher1,972
Cutter (90% lean)330.15/cwt$4.11 lower3,176
Premium White328.32/cwt$0.06 lower2,147
Bull (92% lean)372.90/cwt$0.54 higher515

What published

See every report →
97 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.