The Morning Wire / Wed Jul 15, 2026

Feeder Cattle — prices, barns, and planning

The Feeder BoardNational weight ladder, every weight classfreeState & Region LaddersEvery state, every weightfreeFind Your BarnEvery USDA-reported market, every salefreeSale ReportsClean report pages replacing USDA PDFsfreeState Auction SummariesUSDA's statewide view, 30 statesfreeWhat Are My Calves Worth?Weight + sex + state → today's moneyfreeThe Forward CurveFall prices trading today, by regionproVideo & Internet SalesSuperior, Western Video and morefreeBoard SalesForward feeder trade, by delivery monthfree

Fed Cattle — the cash market and what quality pays

Fed Cash Today5-Area live & dressed, regional splitfreePacker MarginThe daily per-head numberfreeCarcass Weight WatchWeekly weights vs 5-year bandfreeCattle on FeedMonthly placements & marketings, revisions trackedfreeNegotiated Share TrackerCash vs formula, tracked over yearsfreeWhat Quality PaysWhat packers add and subtract on a carcass gridfree

Beef & Retail — from the box to the grocery shelf

Boxed Beef DailyChoice, Select, the spreadfreePrimal ValuesRib to flank, what's pulling the cutoutfreeWhat the Label Is WorthGrass-fed and organic vs conventional, by cutfreeThe 84-Cut LadderEvery cut USDA tracks, dailyproWho Gets WhatEvery segment’s share of the beef dollarfreeImported Lean MarketThe 90s trade that moves cull cowsSoon

Feed & Hay — the cost side, cash not futures

Cash Grain Bids30 states of elevator bids, dailyfreeHay Prices19 states + 18 auctions, by qualityfreeBasis MapWhat local corn is worth against the boardfreeFeedstuffs DeskDDGS, soybean meal, mill feedsfree

Cows & Bred Stock — the rebuild market

Cull Cow & Bull PricesDaily national, by class and regionfreeCow CutoutWhat the grinding beef is worth, dailyfreeBred Cows & PairsBy stage, age, and statefree

More

Latest ReportsEvery USDA release as it publishesfreeReport ArchiveWhat USDA published on any datefreeThe Morning WireDaily brief from every fresh reportfreeRecords BookAll-time highs, and where today sitsfreeCattle on FeedMonthly, with revisions trackedfreeThe BordersMexico & Canada flows and pricesproDrought & Forced SellingHow much of the herd is dry, and what it costsfreeAlertsYour barn, your class, your thresholdSoon

The Morning Wire

The trading day in one page — Wed, Jul 15
● Written from USDA reportsEvery figure as filed
← Jul 14Jul 15Jul 16 →

The market in a line

Wed, Jul 15
Choice cutout closed $2.67 lower at $371.28. 46 barns across 21 states reported 2,886 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 Wed, Jul 15, weighted by head. Spread of $85.20 between the top and bottom of 18 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
Russell Springs Livestock AuctionKY475.50/cwt32
Springfield Livestock Marketing CenterMO450.85/cwt75
Huss LivestockNE448.60/cwt30
Clovis Livestock AuctionNM446.50/cwt142
Albany Livestock AuctionKY444.16/cwt30
Arcadia Stockyard (Wed)FL436.63/cwt67
Southern Oklahoma Livestock AuctionOK435.56/cwt123
Farmington Regional StockyardsMO434.89/cwt101
Campbellsville Livestock AuctionKY433.44/cwt29
Kilpatrick StockyardsAL432.49/cwt26
Moulton StockyardsAL431.15/cwt20
Roanoke StockyardsAL424.72/cwt65
North Wilkesboro Livestock AuctionNC419.22/cwt25
Lucedale Livestock AuctionMS413.19/cwt64
AshburnGA412.43/cwt92
Lafayette Livestock AuctionTN402.96/cwt123
AthensGA394.77/cwt48
Norwood Livestock AuctionNC390.30/cwt57

Boxed beef

PM close · Jul 15 USDA
Choice $371.28, $2.67 lower. Select $359.18, $5.23 lower. The Choice–Select spread stands at $12.10. 123 loads traded.

Fed cattle

Negotiated cash, week to date USDA
31,420 head traded Jul 9–Jul 15.
RegionBasisPriceHead
Iowa-MinnesotaDressed Delivered384.622,564
Iowa-MinnesotaDressed FOB390.0070
Iowa-MinnesotaLive Delivered242.85862
Iowa-MinnesotaLive FOB244.785,887
KansasDressed Delivered393.00126
KansasLive FOB247.371,472

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. Steers 10.00 to 15.00 lower. Heifers 10.00 to 20.00 lower. There was a very uneven trade on most classes with the quality plain to average, demand was moderate.

Southern Oklahoma Livestock Auction · Oklahoma

Compared to two weeks ago yearling steers over 800 lbs sold steady to 10.00 lower on a thin test of the market, with not enough comparable offerings of heifers to establish a trend. The bulk of the offerings of yearlings sold in load lots coming out of grow yards and off short summer grass.

Huss Livestock · Nebraska

Compared to one week ago, slaughter cows 2.00 to 5.00 lower, slaughter bulls bulls unevenly steady, feeder steers and heifers sharply lower, feeder bulls unevenly steady and replacement cows sharply higher.

Ashburn · Georgia

* Hall of Fame Sale, Saturday, July 25, 2026* Compared to last week, feeder and stocker steers and heifers, not enough for market test. Boning utility slaughter cows sold steady, strong undertone. Lean utility slaughter cows sold steady to 8.00 higher. Several slaughter bulls sold today.

Winter Livestock - Dodge City · Kansas

Compared to one week ago: Slaughter cows 1.00 to 2.00 higher, slaughter bulls steady. Feeder steers, bulls, and heifers steady to 5.00 lower.

Arcadia Stockyard (Wed) · Florida

Compared to last week slaughter cattle were mostly steady to 1.00 lower, while feeder cattle were 8.00 to 10.00 lower. Trade and demand were moderate with moderate offerings. Quality of cattle was average. 43 head Goats: 20.00- 250.00; 13 head Sheep: 65.00 - 290.00

Norwood Livestock Auction · North Carolina

Compared to last week, steers and heifers sold mostly 5.00 to 15.00 lower with spots 20.00 lower based on limited comparisons to last week's sale. Supply was light with many unweaned or short weaned calves in town. Demand was moderate.

Springfield Livestock Marketing Center · Missouri

No comparisons made this week on feeder cattle due to limited comparable sales slaughter cows 2.50 higher, slaughter bulls 13.00 higher based on limited comparable sales. Light offering of average to poor quality cattle with active buyer participation.

Laurens Livestock Auction · South Carolina

Cows and bulls

National direct, dressed USDA
ClassPriceDirectionHead
Breaker (75% lean)317.71/cwt$0.69 higher396
Boner (85% lean)332.24/cwt$2.82 lower1,169
Cutter (90% lean)329.94/cwt$3.05 lower2,502
Premium White327.19/cwt$2.30 lower1,566
Bull (92% lean)374.69/cwt$1.96 lower342

What published

See every report →
86 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.