The Morning Wire / Sat Jun 27, 2026

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The Morning Wire

The trading day in one page — Sat, Jun 27
● Written from USDA reportsEvery figure as filed
← Jun 26Jun 27Jun 29 →

The market in a line

Sat, Jun 27
Choice cutout closed $5.29 lower at $391.03. 8 barns across 4 states reported 576 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 Sat, Jun 27, weighted by head. Spread of $26.06 between the top and bottom of 2 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
Springlake Livestock Market, Inc.VA438.02/cwt26
Carthage Livestock AuctionTN411.96/cwt45

Boxed beef

PM close · Jun 26 USDA
Choice $391.03, $5.29 lower. Select $371.58, $3.16 lower. The Choice–Select spread stands at $19.45. 94 loads traded.

Fed cattle

Negotiated cash, week to date USDA
6,880 head traded Jun 20–Jun 26.
RegionBasisPriceHead
Iowa-MinnesotaDressed Delivered408.891,162
Iowa-MinnesotaLive Delivered261.78928
Iowa-MinnesotaLive FOB259.832,667
KansasLive FOB258.00998
NebraskaDressed Delivered408.00419
NebraskaLive FOB258.89234

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 and yearling steers and heifers 3.00-5.00 lower, Good demand for feeder and yearling classes. Slaughter cows and bulls steady, Good demand for slaughter classes.

Somerset Livestock Auction · Kentucky

Compared to last week Feeder Steers under 600# steady to 5.00 lower, over 600# 5.00 to 8.00 higher; Feeder Heifers 5.00 to 10.00 lower; Feeder Bulls under 550# 10.00 to 12.00 lower, over 550# 10.00 to 15.00 higher; Slaughter Cows 3.00 to 5.00 higher; Slaughter Bulls 2.00 to 3.00 higher.

Carthage Livestock Auction · Tennessee

Compared to last week, slaughter cows sold 8.00 to 12.00 lower with limited comparable receipts available for slaughter bulls, but a sharply lower undertone noted. No market trends available for feeder cattle due to limited comparable receipts, but overall low-quality offerings was noted.

Greenville Livestock Auction - Greenville, TN · Tennessee

Cows and bulls

National direct, dressed USDA
ClassPriceDirectionHead
Breaker (75% lean)316.39/cwt$3.08 lower463
Boner (85% lean)331.10/cwt$0.81 lower1,605
Cutter (90% lean)332.05/cwt$1.53 higher2,524
Premium White324.71/cwt$3.34 lower1,227
Bull (92% lean)372.97/cwt$2.56 higher570

What published

See every report →
9 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.