The Morning Wire / Tue Jul 7, 2026

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The Morning Wire

The trading day in one page — Tue, Jul 7
● Written from USDA reportsEvery figure as filed
← Jul 6Jul 7Jul 8 →

The market in a line

Tue, Jul 7
Choice cutout held near $385.77. 47 barns across 17 states reported 3,230 priced lots.

Feeder steers

National, week of Jul 6 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 lb571.46/cwt$19.86 lower2,144131
400-499 lb503.21/cwt$11.90 lower4,451146
500-599 lb459.48/cwt$9.43 lower7,211146
600-699 lb428.61/cwt$5.56 lower7,965143
700-799 lb387.06/cwt$7.77 lower5,734132
800-899 lb361.91/cwt$1.53 higher8,06086

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, Jul 7, weighted by head. Spread of $75.50 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
Ozarks Regional StockyardsMO483.88/cwt217
Lonestar StockyardsTX476.13/cwt28
Kingsville Livestock AuctionMO470.78/cwt85
Four State StockyardsMO469.21/cwt95
OKC West Livestock MarketOK468.87/cwt241
Southern LivestockGA454.80/cwt48
Lexington Livestock Auction - KentuckyKY453.52/cwt45
Arkansas Cattle Auction LLCAR446.01/cwt57
McAlester Union StockyardsOK445.23/cwt62
Knoxville Livestock Auction - Knoxville, TNTN445.08/cwt32
Upton Livestock AuctionKY442.65/cwt20
Ledbetter Livestock AuctionKY441.02/cwt23
Brookhaven Livestock AuctionMS440.61/cwt63
Townsend Livestock MarketFL438.92/cwt54
Uniontown StockyardsAL438.58/cwt64
United Producers Inc (Fayetteville, TN)TN433.24/cwt45
Letohatchee StockyardsAL430.87/cwt112
Philadelphia Livestock AuctionMS427.24/cwt28
Producers Livestock Marketing - Salina, UTUT409.02/cwt48
Athens Regional Stockyard - Athens, TNTN408.38/cwt37

Boxed beef

PM close · Jul 7 USDA
Choice $385.77, $0.71 lower. Select $365.89, $0.02 higher. The Choice–Select spread stands at $19.88. 128 loads traded.

Fed cattle

Negotiated cash, week to date USDA
22,202 head traded Jul 1–Jul 7.
RegionBasisPriceHead
Iowa-MinnesotaDressed Delivered403.00212
Iowa-MinnesotaDressed FOB400.0080
Iowa-MinnesotaLive Delivered257.021,287
Iowa-MinnesotaLive FOB255.103,737
KansasDressed FOB401.50141
KansasLive FOB254.997,405

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's light run, feeder steers over 700 lbs. sold 5.00-10.00 higher with heifers not well tested. Steer and heifer calves under 700 lbs. sold 6.00-12.00 higher with spots 20.00 higher. Demand was good on a moderate supply.

Ozarks Regional Stockyards · Missouri

Compared to two weeks ago: Slaughter cows and bulls sold steady to 4.00 lower. Replacement cows sold steady. Feeder cattle sold unevenly steady.

Letohatchee Stockyards · Alabama

As compared to the last market: feeder calves sold 5.00 -10.00 higher. Slaughter cattle sold steady to 5.00 higher.

Brookhaven Livestock Auction · Mississippi

Compared to last week: Slaughter cows steady to 3.00 lower. Slaughter bulls steady. Demand was moderate.

Woodward Livestock Inc · Oklahoma

Compared to last week, steers sold steady to firm and heifers sold steady to 10.00 higher with the gain on the 550-625 lb weight range. Demand was good for a light supply with a few loads of yearlings offered along with some weaned calves.

Kingsville Livestock Auction · Missouri

As compared to last market: Feeder calves sold steady to $ 15.00 higher in spots. Slaughter cattle sold steady to $10.00 higher. Slaughter bulls sold $7.00 lower.

Tylertown Livestock Auction · Mississippi

Compared to sale two weeks ago: Feeder calves sold 5.00 - 15.00 higher. Slaughter cattle sold steady to 10.00 lower.

Philadelphia Livestock Auction · Mississippi

Compared to two weeks ago: Slaughter cows and bulls sold 3.00 to 7.00 lower. Feeder classes sold sharply higher. Replacement cows and pairs sold steady on a light supply. Trade active with good demand on feeder cattle.

Opp Stockyards · Alabama

Cows and bulls

National direct, dressed USDA
ClassPriceDirectionHead
Breaker (75% lean)312.26/cwt$0.68 lower475
Boner (85% lean)335.85/cwt$3.82 higher1,609
Cutter (90% lean)337.09/cwt$4.42 higher2,262
Premium White328.74/cwt$3.86 higher1,729
Bull (92% lean)373.73/cwt$2.46 lower211

What published

See every report →
91 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.