The Morning Wire / Wed Jun 24, 2026

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The Morning Wire

The trading day in one page — Wed, Jun 24
● Written from USDA reportsEvery figure as filed
← Jun 23Jun 24Jun 25 →

The market in a line

Wed, Jun 24
Choice cutout closed $1.37 lower at $398.94. 51 barns across 23 states reported 3,184 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 Wed, Jun 24, weighted by head. Spread of $96.79 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
BassettNE523.82/cwt309
Windsor Livestock AuctionMO506.30/cwt209
Russell Springs Livestock AuctionKY496.96/cwt41
Public Auction YardsMT494.25/cwt40
North Arkansas Livestock AuctionAR482.86/cwt72
South Central Regional StockyardsMO480.69/cwt140
Campbellsville Livestock AuctionKY465.02/cwt67
Brundidge StockyardsAL455.74/cwt29
Springfield Livestock Marketing CenterMO454.42/cwt229
AshburnGA447.17/cwt73
Albany Livestock AuctionKY446.47/cwt27
Southern Oklahoma Livestock AuctionOK445.38/cwt166
Farmington Regional StockyardsMO443.95/cwt24
Arcadia Stockyard (Wed)FL443.50/cwt42
Savannah Livestock AuctionTN443.43/cwt32
Roanoke StockyardsAL439.46/cwt20
Clovis Livestock AuctionNM439.19/cwt46
Columbia Livestock AuctionTN436.63/cwt30
Norwood Livestock AuctionNC430.04/cwt29
Lucedale Livestock AuctionMS427.03/cwt24

Boxed beef

PM close · Jun 24 USDA
Choice $398.94, $1.37 lower. Select $378.14, $2.92 lower. The Choice–Select spread stands at $20.80. 98 loads traded.

Fed cattle

Negotiated cash, week to date USDA
1,613 head traded Jun 18–Jun 24.
RegionBasisPriceHead
Iowa-MinnesotaDressed Delivered407.26163
Iowa-MinnesotaLive Delivered256.99208
Iowa-MinnesotaLive FOB256.5978
NebraskaDressed Delivered405.40789
NebraskaLive FOB256.51375

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 week: Slaughter steers and heifers 5.00 to 8.00 lower. Demand moderate at best for this offering of hard fed, high quality grading steers and heifers. Lighter weight cattle seen this week, yet packer buyers weren't going to compete very hard to buy cattle.

Sioux Falls Regional Livestock · South Dakota

Compared to last week, steers under 600 lbs sold 10.00-20.00 higher and those over 600 lb steady to 10.00 higher. Heifers sold steady to 5.00 higher. Demand was good to very good for a moderate supply that included several fancy calves and a few loads of yearlings.

Windsor Livestock Auction · Missouri

Hall of Fame Sale, Saturday, July 25, 2026 Compared to last week, steers and heifers, across all weights, not well tested. There were 4 loads of 800 weight heifers that sold 5.00 to 6.00 higher and 70 head of 628 lbs heifers that sold steady, strong undertone. Moderate demand for plain quality.

Winter Livestock - Dodge City · Kansas

Compared to two weeks ago; feeder steers and heifers traded 10.00 to 18.00 higher. A small offering this week with mainly package traded with the exception of a load of feeder steers. A very active market with the CME futures moving higher early this week.

Torrington Livestock Commission Company · Wyoming

Compared to last week (6-17-26): Feeder cattle were too lightly tested last week to develop an accurate market trend, however higher undertones were noticed. Quality this week was mixed from plain to attractive, with lots of variation noticed. Most offerings were in small to moderate size packages.

Public Auction Yards · Montana

Compared to one week ago, slaughter cows 3.00 to 8.00 lower, slaughter bulls 5.00 to 7.00 lower, all feeder classes sharply higher and replacement cows unevenly steady. This market will not be covered next week due to July 4th holiday. Coverage will resume on 07/08/2026.

Ashburn · Georgia

Compared to one week ago: Slaughter cows and bulls 1.00 to 3.00 lower. Feeder steers, bulls, and heifers 5.00 to 15.00 higher.

Arcadia Stockyard (Wed) · Florida

No sale July 1 2026 in observance of Independence Day. Next sale will be July 8,2026. Compared to last week, steer calves sold higher and feeder steers had no comparable sales but higher trend prevailed. Heifer calves 300-400 lbs were sharply higher and 450-600 lbs sold steady to 8.00 higher.

Clovis Livestock Auction · New Mexico

Cows and bulls

National direct, dressed USDA
ClassPriceDirectionHead
Breaker (75% lean)313.40/cwt$3.31 lower496
Boner (85% lean)332.25/cwt$0.26 lower1,402
Cutter (90% lean)333.04/cwt$2.89 higher2,388
Premium White326.81/cwt$1.51 lower1,949
Bull (92% lean)371.02/cwt$1.89 lower345

What published

See every report →
93 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.