The Morning Wire / Sat Jul 11, 2026

Feeder Cattle — prices, barns, and planning

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The Morning Wire

The trading day in one page — Sat, Jul 11
● Written from USDA reportsEvery figure as filed
← Jul 10Jul 11Jul 13 →

The market in a line

Sat, Jul 11
Choice cutout closed $1.87 higher at $382.68. 10 barns across 6 states reported 719 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 Sat, Jul 11, weighted by head. Spread of $87.82 between the top and bottom of 6 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
EricsonNE496.59/cwt116
Jackson County Regional Livestock MarketWV464.51/cwt48
Somerset Livestock AuctionKY447.99/cwt46
Springlake Livestock Market, Inc.VA432.12/cwt25
Carthage Livestock AuctionTN427.39/cwt53
Finger Lakes Livestock AuctionNY408.77/cwt37

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 last month's sale 400-500lb feeder steers sold 16.00 to 22.00 higher. 600-700lb feeder steers sold 15.00 to 76.00 higher. 500-600lb feeder heifers sold 11.00 to 53.00 lower. 750-800lb feeder heifers sold 33.00 to 59.00 higher. Vaccinated cattle brought a 10.00 to 20.00 premium.

Finger Lakes Livestock Auction · New York

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 →
11 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.