The Morning Wire / Thu Jul 9, 2026

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The Morning Wire

The trading day in one page — Thu, Jul 9
● Written from USDA reportsEvery figure as filed
← Jul 8Jul 9Jul 10 →

The market in a line

Thu, Jul 9
Choice cutout held near $380.81. 27 barns across 15 states reported 1,565 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 Thu, Jul 9, weighted by head. Spread of $95.75 between the top and bottom of 17 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
ValentineNE514.54/cwt125
Winter Livestock - PrattKS491.85/cwt43
Farmers and Ranchers Livestock Commission - KansasKS484.70/cwt72
Paris Livestock AuctionKY480.46/cwt110
Wheeler Livestock AuctionMO469.37/cwt92
Woodward Livestock IncOK467.33/cwt33
Apache Livestock AuctionOK463.70/cwt54
Dalhart Livestock AuctionTX457.86/cwt65
Rockingham Livestock Sales, Inc.VA456.44/cwt135
AthensGA454.88/cwt120
Mid Missouri StockyardsMO454.56/cwt116
I-40 Livestock AuctionAR452.24/cwt56
Stanford Livestock AuctionKY449.32/cwt46
Producers Livestock Auction Co - San AngeloTX442.94/cwt32
Benton County Sale BarnAR442.20/cwt71
Hope Livestock Auction Inc.AR420.20/cwt43
Guthrie Livestock AuctionKY418.78/cwt23

Boxed beef

PM close · Jul 9 USDA
Choice $380.81, $0.39 lower. Select $363.49, $0.40 higher. The Choice–Select spread stands at $17.32. 86 loads traded.

Fed cattle

Negotiated cash, week to date USDA
13,267 head traded Jul 3–Jul 9.
RegionBasisPriceHead
Iowa-MinnesotaDressed Delivered392.81634
Iowa-MinnesotaLive Delivered251.0036
Iowa-MinnesotaLive FOB248.111,359
KansasDressed Delivered393.00126
KansasLive FOB246.801,370
NebraskaDressed Delivered392.734,627

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 yearling steers sold 7.00 to 15.00 higher. Demand was good. Only one consigner at Ogallala Livestock Auction on Thursday comprised of load lots of mostly black hided steers with some reds in the run.

Ogallala · Nebraska

Pratt Livestock will not have a sale next Thursday July 16th Final Report * Compared to 2 weeks ago, feeder steers 650 lb to 950 lb sold 10.00 to 25.00 higher. Outstanding offering of 800 lb to 950 lb steers. Not enough steers under 650 lb for a market test.

Winter Livestock - Pratt · Kansas

Compared to two weeks ago: Feeder steers and feeder heifers 10.00 to 12.00 higher. Steer calves and heifer calves 10.00 to 20.00 higher. Demand very good for feeders and calves. Slaughter cows and slaughter bulls steady to 4.00 lower.

Apache Livestock Auction · Oklahoma

Compared to the last sale two weeks ago, feeder steers and heifers 550 lbs and under sold 5.00 to 15.00 higher, heavier weights sold steady to 7.00 higher. Supply was light to moderate with very good demand. Slaughter cattle sold 1.00 to 3.00 higher.

Wheeler Livestock Auction · Missouri

Compared to last weeks sale Slaughter Choice Steers traded mostly higher. Good supply. All classes of Slaughter Dairy Cows traded mostly 10.00-12.00 higher. Very good buyer demand.

New Holland Sale Stables · Pennsylvania

Compared to two weeks ago: Feeder steers under 500 lbs sold 7.00-10.00 lower, over 500 lbs sold 20.00-30.00 lower. Feeder heifers 300-400 lbs sold 1.00 lower, 400-500 lbs sold 15.00 lower, 500-600 lbs sold 2.00 higher, over 600 lbs sold 15.00 lower.

I-40 Livestock Auction · Arkansas

Compared to the last sale two week ago (June 25, 2026), feeder steers and heifers sold steady to 2.00 higher, while feeder bulls sold 4.00 to 7.00 lower. Slaughter cows sold uneven; leans and boners sold 6.00 to 8.00 higher while breakers sold 3.00 to 4.00 lower.

Producers Livestock Auction Co - San Angelo · Texas

Compared to the sale 2 weeks ago feeder steers sold 4.00-10.00 lower with the exception of five weight steers which sold 18.00 higher. Feeder heifers sold 3.00-15.00 lower again with the exception of five weights heifers which sold 3.00 higher. Slaughter cows and bulls sold steady to 2.00 lower.

Mid Missouri Stockyards · Missouri

Cows and bulls

National direct, dressed USDA
ClassPriceDirectionHead
Breaker (75% lean)319.12/cwt$1.64 higher451
Boner (85% lean)333.26/cwt$0.93 lower1,338
Cutter (90% lean)332.61/cwt$1.45 higher2,414
Premium White328.27/cwt$0.91 lower1,815
Bull (92% lean)376.80/cwt$1.06 higher215

What published

See every report →
64 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.