The Morning Wire / Fri Jul 10, 2026

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The Morning Wire

The trading day in one page — Fri, Jul 10
● Written from USDA reportsEvery figure as filed
← Jul 9Jul 10Jul 11 →

The market in a line

Fri, Jul 10
Choice cutout closed $1.87 higher at $382.68. 11 barns across 10 states reported 579 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 Fri, Jul 10, weighted by head. Spread of $55.72 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
Eastern Missouri Commission CompanyMO464.54/cwt57
Fauquier Livestock Exchange, Inc.VA449.95/cwt59
Cattlemen's Livestock Auction - Belen, NMNM408.82/cwt84

Boxed beef

PM close · Jul 10 USDA
Choice $382.68, $1.87 higher. Select $368.33, $4.84 higher. The Choice–Select spread stands at $14.35. 90 loads traded.

Fed cattle

Negotiated cash, week to date USDA
19,943 head traded Jul 4–Jul 10.
RegionBasisPriceHead
Iowa-MinnesotaDressed Delivered391.54887
Iowa-MinnesotaDressed FOB390.0070
Iowa-MinnesotaLive Delivered248.8976
Iowa-MinnesotaLive FOB247.843,885
KansasDressed Delivered393.00126
KansasLive FOB247.031,704

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 two weeks ago; slaughter and feeder cows traded mostly steady. Slaughter bulls also traded mostly steady with the exception of two extremely thick gaunt bulls with a very high yield. A nice offering of package trade cow calf pairs also. Sale again next week with a feeder special.

Torrington Livestock Commission Company · Wyoming

No sale last week, July 4th holiday. Compared to two weeks ago: Steer calves sold 5.00-10.00 lower, while heifer calves sold steady. Feeder steers and heifers sold steady. Slaughter cows and bulls sold 3.00-5.00 lower. Trade and demand good.

Cattlemen's Livestock Auction - Belen, NM · New Mexico

Compared to the last auction two weeks ago, over all a light test on most feeders with 600-650 lb steers and 750-800 lb steers trading unevenly steady and 650-700 lb steers selling 7.00-12.00 lower all other weights of steer calves and yearlings were not well tested.

Eastern Missouri Commission Company · Missouri

Slaughter cattle were down 1.00 this week compared to last sale. . Feeder cattle were 6.00 to 10.00 lower this week compared to last sale. Demand was moderate ; market activity and buyer interest were moderate . Offerings moderate with quality average . 11 head of hogs

Siler City Livestock Auction · North Carolina

Nice pairs coming to sale barn because of the drought. Prices on the lower side compared to two weeks ago. Demand moderate to good.

Crawford · Nebraska

Cows and bulls

National direct, dressed USDA
ClassPriceDirectionHead
Breaker (75% lean)316.91/cwt$2.21 lower580
Boner (85% lean)332.52/cwt$0.74 lower1,632
Cutter (90% lean)333.11/cwt$0.49 higher2,679
Premium White326.57/cwt$1.70 lower1,832
Bull (92% lean)375.79/cwt$1.01 lower381

What published

See every report →
44 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.