The Morning Wire / Mon Jul 20, 2026

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The Morning Wire

The trading day in one page — Mon, Jul 20
● Written from USDA reportsEvery figure as filed
← Jul 18Jul 20Jul 21 →

The market in a line

Mon, Jul 20
Choice cutout closed $3.29 higher at $370.10. 48 barns across 14 states reported 3,424 priced lots.

Feeder steers

National, week of Jul 20 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 lb543.08/cwt$18.91 lower2,328131
400-499 lb463.47/cwt$17.04 lower3,592140
500-599 lb419.04/cwt$20.11 lower5,313142
600-699 lb387.86/cwt$17.68 lower5,125141
700-799 lb356.46/cwt$14.01 lower4,058118
800-899 lb343.83/cwt$7.46 lower5,68574

Barn by barn, 500–599 lb steers

Same day, same class USDA
Every barn that sold at least 20 head of this class on Mon, Jul 20, weighted by head. Spread of $59.27 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
Farmers Livestock Exchange, Inc.VA440.45/cwt62
Lynchburg Livestock Market, Inc.VA434.75/cwt84
Harned Livestock AuctionKY432.31/cwt36
Dickson Livestock AuctionTN431.33/cwt93
Paris Livestock AuctionKY426.44/cwt27
Oklahoma National Stockyards MarketOK420.05/cwt367
Tulsa Stockyards Inc.OK418.96/cwt79
Dothan StockyardsAL417.37/cwt34
Roswell Livestock AuctionNM415.31/cwt57
Arcadia Stockyard (Mon)FL414.41/cwt44
Tadlock Livestock AuctionMS414.00/cwt133
Joplin Regional StockyardsMO410.82/cwt237
GreensboroGA408.32/cwt77
Giddings Livestock CommissionTX407.87/cwt111
Glasgow Livestock AuctionKY401.53/cwt24
Unionville Livestock Auction - Unionville, TNTN395.21/cwt40
Cattlemans Livestock Auction - West Point, MSMS394.72/cwt24
Ashville StockyardsAL389.77/cwt27
Okeechobee Livestock Auction (Mon)FL387.89/cwt50
DonalsonvilleGA381.17/cwt35

Boxed beef

PM close · Jul 20 USDA
Choice $370.10, $3.29 higher. Select $355.45, $0.16 higher. The Choice–Select spread stands at $14.65. 77 loads traded.

Fed cattle

Negotiated cash, week to date USDA
22,134 head traded Jul 11–Jul 17.
RegionBasisPriceHead
Iowa-MinnesotaDressed Delivered377.662,531
Iowa-MinnesotaDressed FOB372.0040
Iowa-MinnesotaLive Delivered242.461,026
Iowa-MinnesotaLive FOB237.065,721
KansasDressed FOB372.0072
KansasLive Delivered235.00213

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.

CLOSE Compared to last week feeder steers under 750 lbs. sold 15.00-35.00 lower with heavier weights selling 2.00-15.00 lower. Feeder heifers sold 15.00-35.00 lower. Supply was light with moderate demand. With the heat index of 110 and a market adjustment, supply was light along with lower prices.

Joplin Regional Stockyards · Missouri

Compared to last week's sale, Slaughter High Choice and Prime Steers traded mostly 10.00 lower. Slaughter Choice Steers traded mostly 9.00 lower, while Slaughter Select Steers traded mostly 10.00 lower. Slaughter Bulls traded mostly 3.00 lower.

New Holland Sale Stables · Pennsylvania

Compared to one week ago: Slaughter cattle sold 1.00 to 7.00 lower. Feeder steers and feeder bulls sold sharply lower, feeder heifers sold unevenly steady. Replacement cattle sold mostly steady.

Okeechobee Livestock Auction (Mon) · Florida

Compared to one week ago: Slaughter cows and bulls sold steady. Feeder classes sold 4.00 to 12.00 lower. Replacement cows and pairs sold steady. Trade active with good demand on feeder cattle.

Dothan Stockyards · Alabama

Compared to one week ago, slaughter cows and bulls mostly steady, feeder steers and bulls 3.00 to 5.00 lower, feeder heifers steady to 5.00 lower, replacement cows lightly tested.

Carrollton · Georgia

Compared to last week no comparisons made on feeder cattle due to limited comparable sales, slaughter cows unevenly steady, slaughter bulls 2.50 higher. Light offering of average quality cattle with active buyer participation. Light demand for cattle with excessive hair and flesh.

Williamston Livestock Auction · South Carolina

Compared to last week, Feeder Steers $17.00-$23.00 lower, Feeder Heifers $18.00-$26.00 lower, Feeder Bulls $23.00-$34.00 lower, Slaughter Cows unevenly steady, Slaughter Bulls $2.00-$4.00 higher. Quality good to fancy, Demand good. Stronger demand for weaned & thinner fleshed calves;

Dickson Livestock Auction · Tennessee

Compared to last week: Feeder calves sold 15.00 - 25.00 lower. Slaughter cattle sold 10.00 - 15.00 lower.

Macon Livestock Auction · Mississippi

Cows and bulls

National direct, dressed USDA
ClassPriceDirectionHead
Breaker (75% lean)319.67/cwt$0.07 higher435
Boner (85% lean)332.77/cwt$1.61 higher1,580
Cutter (90% lean)331.65/cwt$0.94 lower2,282
Premium White328.58/cwt$1.31 higher1,807
Bull (92% lean)373.92/cwt$1.99 higher424

What published

See every report →
135 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.