The Morning Wire / Wed Jul 1, 2026

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The Morning Wire

The trading day in one page — Wed, Jul 1
● Written from USDA reportsEvery figure as filed
← Jun 30Jul 1Jul 2 →

The market in a line

Wed, Jul 1
Choice cutout closed $1.90 lower at $391.26. 15 barns across 11 states reported 648 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 Wed, Jul 1, weighted by head. Spread of $29.04 between the top and bottom of 3 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
Huss LivestockNE482.42/cwt45
Green City Livestock AuctionMO481.82/cwt250
Southern Oklahoma Livestock AuctionOK453.38/cwt115

Boxed beef

PM close · Jul 1 USDA
Choice $391.26, $1.90 lower. Select $369.69, $1.99 lower. The Choice–Select spread stands at $21.57. 113 loads traded.

Fed cattle

Negotiated cash, week to date USDA
13,137 head traded Jun 25–Jul 1.
RegionBasisPriceHead
Iowa-MinnesotaDressed Delivered408.081,227
Iowa-MinnesotaLive Delivered261.49954
Iowa-MinnesotaLive FOB259.153,076
KansasLive FOB258.00998
NebraskaDressed Delivered403.095,640
NebraskaLive FOB254.66770

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 2.00 to 3.00 higher. Very good demand for this lighter offering of steers and heifers. An active market for a lighter test. Market ready supplies are still limited and buyers had to compete more to get cattle bought this week.

Sioux Falls Regional Livestock · South Dakota

Compared to two weeks ago, steers over 550 lbs sold steady to 15.00 higher and heifer over 500 lbs sold 10.00 to 20.00 higher except 750-850 lbs heifers selling 10.00 to 20.00 lower. Demand was good from the buyers in the crowd

Huss Livestock · Nebraska

Wednesday was the second day of Green City Livestock's Annual Customer Appreciation BBQ Sale. Compared to the last regular calf sale four weeks ago, Wednesday's offering traded sharply higher, catching up with big gains over the last month but also reflecting the quality on hand that this sale is al…

Green City Livestock Auction · Missouri

Compared to last week. Steers steady to 8.00 lower. Heifers steady to 10.00 higher. Quality was plain to average with high temperatures in the area.

Southern Oklahoma Livestock Auction · Oklahoma

Compared to last week (6-24-26): Feeder cattle were too lightly tested to develop any market trend. Quality this week was mixed from plain to average, with lots of variation noticed. Most offerings were in small packages or as singles. Demand was mostly moderate to good.

Public Auction Yards · Montana

Compared to last week's sale slaughter steers sold 1.00 to 2.00 higher. Slaughter heifers sold 2.00 to 3.00 higher. Slaughter cows sold 1.00 to 6.00 higher. Holstein bull calves sold 30.00 to 50.00 higher.

Finger Lakes Livestock Auction · New York

Compared to last week, slaughter steers and heifers sold 4.00 to 5.00 lower. Slaughter dairy steers sold 6.00 Higher. Trade was active with was moderate to good demand.

Greenville Livestock Auction · Illinois

Compared to last week slaughter cows and bulls sold steady to 3.00 higher. Supply was moderate with very good demand.

Joplin Regional Stockyards · Missouri

Cows and bulls

National direct, dressed USDA
ClassPriceDirectionHead
Breaker (75% lean)312.23/cwt$5.09 lower454
Boner (85% lean)333.95/cwt$0.05 lower1,586
Cutter (90% lean)332.68/cwt$0.79 lower2,756
Premium White326.21/cwt$1.60 lower1,988
Bull (92% lean)372.97/cwt$0.28 higher436

What published

See every report →
52 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.