The Morning Wire / Tue Jul 14, 2026

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The Morning Wire

The trading day in one page — Tue, Jul 14
● Written from USDA reportsEvery figure as filed
← Jul 13Jul 14Jul 15 →

The market in a line

Tue, Jul 14
Choice cutout closed $1.66 lower at $373.95. 51 barns across 17 states reported 3,474 priced lots.

Feeder steers

National, week of Jul 13 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 lb561.99/cwt$9.47 lower2,710143
400-499 lb480.51/cwt$22.70 lower4,862153
500-599 lb439.15/cwt$20.33 lower7,617158
600-699 lb405.54/cwt$23.07 lower7,750156
700-799 lb370.47/cwt$16.59 lower5,424133
800-899 lb351.29/cwt$10.62 lower7,38573

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 14, weighted by head. Spread of $43.46 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
Lolli Brothers Livestock MarketMO480.22/cwt108
Springfield Livestock Auction - KentuckyKY469.95/cwt56
Kingsville Livestock AuctionMO467.39/cwt42
OKC West Livestock MarketOK462.76/cwt271
ThomasvilleGA462.08/cwt69
I-40 Livestock AuctionAR458.41/cwt23
Ozarks Regional StockyardsMO456.69/cwt268
Virginia Cattle CompanyVA456.51/cwt76
Townsend Livestock MarketFL455.00/cwt58
F&T Livestock MarketMO452.27/cwt60
Lonestar StockyardsTX451.33/cwt33
SEMO Livestock SalesMO450.16/cwt20
Four State StockyardsMO449.75/cwt157
Pulaski CoGA448.62/cwt36
Knoxville Livestock Auction - Knoxville, TNTN446.78/cwt69
Cullman StockyardsAL446.73/cwt21
Brookhaven Livestock AuctionMS445.24/cwt51
Lexington Livestock Auction - KentuckyKY443.48/cwt22
Flemingsburg Livestock AuctionKY441.25/cwt36
Ledbetter Livestock AuctionKY436.77/cwt25

Boxed beef

PM close · Jul 14 USDA
Choice $373.95, $1.66 lower. Select $364.41, $0.76 lower. The Choice–Select spread stands at $9.54. 90 loads traded.

Fed cattle

Negotiated cash, week to date USDA
21,788 head traded Jul 8–Jul 14.
RegionBasisPriceHead
Iowa-MinnesotaDressed Delivered388.021,918
Iowa-MinnesotaDressed FOB390.0070
Iowa-MinnesotaLive Delivered248.8976
Iowa-MinnesotaLive FOB247.823,919
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 week, feeder calves sold 2.00-4.00 lower. Steer and heifer calves under 750 lbs. sold uneven from 4.00 lower to 4.00 higher with spots 10.00 lower. Demand was good on a moderate supply. The largest draft of the day was 81 head of 734 lb. heifers which sold for 340.25/cwt.

Ozarks Regional Stockyards · Missouri

Compared to one week ago: Slaughter cows and bulls sold steady to 4.00 higher. Replacement cows sold steady. Feeder cattle sold 5.00 to 10.00 lower.

Letohatchee Stockyards · Alabama

Compared to last week ; Steer and heifer calves 10.00 + lower. Quality was mostly attractive with nice groups of calves in all classes. Demand was moderate. Slaughter cows; Breakers and Boners 3.00 to 4.00 lower. Leans 4.00 higher. Slaughter bulls steady.

McAlester Union Stockyards · Oklahoma

Compared to a week ago: Slaughter Cows steady to 2.00 higher. Slaughter Bulls steady. Replacement Cattle steady. All Feeder Classes and Calf Classes steady.

Southern Livestock · Georgia

Compared to one week ago: Breaking slaughter cows sold 5.00 to 7.00 higher, Boning and Lean slaughter cows sold steady to 3.00 lower. Slaughter Bulls sold 2.00 to 10.00 higher. Feeder cattle sold 2.00 to 9.00 higher. Replacement cattle sold mostly steady.

Okeechobee Livestock Auction (Tue) · Florida

Compared to last week, steers sold 6.00-15.00 lower with those under 750 lbs seeing the full extent of the losses and heifers sold steady to 5.00 lower.

Kingsville Livestock Auction · Missouri

Compared to the last sale three weeks ago, the best test was on the pot loads of 700-705 lb hfrs off the same consignment as last auction trading near 3.00 lower and 500-550 lb steer calves selling steady to firm, all other weights of feeder calves and yearlings sold with a lower undertone on limite…

Lolli Brothers Livestock Market · Missouri

Compared to last week, feeder steers steady to 5.00 lower. Feeder heifers 2.00 - 6.00 lower. Feeder bulls 5.00 - 7.00 lower. Slaughter cattle steady to 2.00 higher. Replacement lightly tested.

Thomasville · Georgia

Cows and bulls

National direct, dressed USDA
ClassPriceDirectionHead
Breaker (75% lean)317.02/cwt$1.87 lower357
Boner (85% lean)335.05/cwt$3.11 higher1,679
Cutter (90% lean)332.99/cwt$1.02 higher2,849
Premium White329.49/cwt$0.24 higher1,616
Bull (92% lean)376.65/cwt$2.97 higher452

What published

See every report →
96 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.