The Morning Wire / Mon Jun 29, 2026

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The Morning Wire

The trading day in one page — Mon, Jun 29
● Written from USDA reportsEvery figure as filed
← Jun 27Jun 29Jun 30 →

The market in a line

Mon, Jun 29
Choice cutout held near $391.44. 22 barns across 11 states reported 1,468 priced lots.

Feeder steers

National, week of Jun 29 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 lb591.32/cwt$0.79 higher62327
400-499 lb515.11/cwt$6.19 higher1,66731
500-599 lb468.91/cwt$0.45 higher3,07232
600-699 lb434.17/cwt$1.56 higher3,51533
700-799 lb394.83/cwt$1.57 higher3,19932
800-899 lb360.38/cwt$4.76 lower5,11222

Barn by barn, 500–599 lb steers

Same day, same class USDA
Every barn that sold at least 20 head of this class on Mon, Jun 29, weighted by head. Spread of $56.86 between the top and bottom of 11 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
Sioux Falls Regional LivestockSD495.34/cwt33
Farmers Livestock Exchange, Inc.VA491.49/cwt27
Tina LivestockMO485.78/cwt88
Callaway Livestock CenterMO484.48/cwt122
West Point Livestock AuctionNE479.99/cwt37
Oklahoma National Stockyards MarketOK477.14/cwt279
Roswell Livestock AuctionNM469.49/cwt91
Joplin Regional StockyardsMO461.33/cwt571
Tulsa Stockyards Inc.OK457.44/cwt69
Cleburne County Livestock AuctionAR455.96/cwt22
Lynchburg Livestock Market, Inc.VA438.49/cwt85

Boxed beef

PM close · Jun 29 USDA
Choice $391.44, $0.41 higher. Select $374.18, $2.60 higher. The Choice–Select spread stands at $17.26. 74 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.

CLOSE Compared to last Monday feeder steers under 800 lbs. sold steady to 8.00 lower. Heavier weights sold steady to 5.00 higher. Feeder heifers sold from 7.00 lower to 5.00 higher. Supply was heavy with good demand. Today's auction included a yearling special.

Joplin Regional Stockyards · Missouri

Compared to last week: Feeder steers and heifers unevenly steady in a light comparison. Heavier weight feeder steers appear some cheaper on paper but quality not as attractive and it was difficult to fill loads. Demand good for feeder cattle despite the downward pressure in cattle futures today.

Oklahoma National Stockyards Market · Oklahoma

Compared to last sale: Demand mostly good for moderate offerings. Market activity was active with good buyer participation and rapid bidding noticed. Dairy feeder steers under 500 lbs traded sharply higher with most sales 15.00-30.00 higher, dairy steers over 500 lbs were too lightly tested either t…

Centennial · Colorado

Compared to three weeks ago, most weights of steers sold 15.00 higher and heifers sold 15.00 to 20.00 higher. Demand was good with from a large crowd of order and farmer feeder buyers. Most of the calves and yearlings came out of backgrounding lots with some grazing on cover crops.

West Point Livestock Auction · Nebraska

Compared to Last Monday's sale, Slaughter Steers traded uneven at 2.00 lower to 1.00 higher, Slaughter Dairy Cows sold mostly 1.00-2.00 lower. Holstein Feeder Dairy Calves sold 20.00-30.00 higher and Beef Cross were mostly 50.00 lower.

New Holland Sale Stables · Pennsylvania

Compared to last weeks sale; Steer calves sold lower except for 400-500 lbs being higher. No comparable feeder steer or heifer sales and heifers calves sold steady-lower. Trade and demand were moderate on similar numbers. Slaughter cows sold 2.00 higher and slaughter bulls were 6.00 lower.

Roswell Livestock Auction · New Mexico

Compared to last week, feeder cattle were lightly tested, with stronger demand noted. Comparable sales sold sharply higher than the previous week, although receipts were too light to establish a trend. Slaughter cows sold steady, while slaughter bulls sold $5.00 to $10.00 lower.

Cleburne County Livestock Auction · Arkansas

Slaughter cattle were steady this week compared to last week . Feeder cattle were steady this week compared to last week . Demand was moderate ; market activity and buyer interest were moderate . Offerings moderate with quality average .

Siler City Livestock Auction · North Carolina

Cows and bulls

National direct, dressed USDA
ClassPriceDirectionHead
Breaker (75% lean)314.10/cwt$2.29 lower182
Boner (85% lean)333.06/cwt$1.96 higher1,687
Cutter (90% lean)332.26/cwt$0.21 higher2,116
Premium White330.87/cwt$6.16 higher1,803
Bull (92% lean)369.00/cwt$3.97 lower139

What published

See every report →
80 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.