The Morning Wire / Tue Jul 21, 2026

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The Morning Wire

The trading day in one page — Tue, Jul 21
● Written from USDA reportsEvery figure as filed
← Jul 20Jul 21Jul 22 →

The market in a line

Tue, Jul 21
Choice cutout closed $3.19 lower at $366.91. 49 barns across 16 states reported 3,026 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 Tue, Jul 21, weighted by head. Spread of $82.72 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
Kingsville Livestock AuctionMO469.11/cwt52
Springfield Livestock Auction - KentuckyKY461.60/cwt22
Brookhaven Livestock AuctionMS460.61/cwt232
Lexington Livestock Auction - KentuckyKY460.56/cwt26
Four State StockyardsMO441.52/cwt44
Virginia Cattle CompanyVA439.18/cwt43
OKC West Livestock MarketOK434.59/cwt212
Ledbetter Livestock AuctionKY429.09/cwt98
Opp StockyardsAL428.28/cwt26
Beaver Livestock AuctionOK426.81/cwt54
Ozarks Regional StockyardsMO425.82/cwt48
Upton Livestock AuctionKY420.85/cwt26
Pulaski CoGA410.80/cwt35
Letohatchee StockyardsAL410.70/cwt123
Okeechobee Livestock Auction (Tue)FL401.02/cwt62
Uniontown StockyardsAL397.74/cwt53
Southern LivestockGA393.00/cwt34
Tylertown Livestock AuctionMS388.76/cwt24
Cattlemen's Livestock Auction Market, IncFL386.89/cwt52
Athens Regional Stockyard - Athens, TNTN386.39/cwt38

Boxed beef

PM close · Jul 21 USDA
Choice $366.91, $3.19 lower. Select $354.23, $1.22 lower. The Choice–Select spread stands at $12.68. 161 loads traded.

Fed cattle

Negotiated cash, week to date USDA
20,992 head traded Jul 15–Jul 21.
RegionBasisPriceHead
Iowa-MinnesotaDressed Delivered373.442,290
Iowa-MinnesotaDressed FOB372.0040
Iowa-MinnesotaLive Delivered242.461,026
Iowa-MinnesotaLive FOB236.995,720
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.

Compared to one week ago: Slaughter cows and bulls sold 1.00 to 5.00 higher. Replacement cows sold steady. Feeder cattle sold sharply lower.

Letohatchee Stockyards · Alabama

Compared to one week ago: Slaughter cows and bulls 1.00 to 3.00 higher. Feeder steers, bulls, and heifers mostly steady.

Okeechobee Livestock Auction (Tue) · Florida

Compared to a week ago: Slaughter Cows sold 4.00 - 6.00 higher. Slaughter Bulls steady. Replacement Cattle steady. All Feeder Classes sold 2.00 to 4.00 lower. All Calf Classes sold 4.00 to 6.00 lower.

Southern Livestock · Georgia

Compared to last week, based on a light supply, steers and heifers sold 5.00-10.00 lower. Demand was moderate. A cow dispersal followed the feeders. Slaughter cows sold steady to 2.00 higher.

Kingsville Livestock Auction · Missouri

Compared to last week, feeder steers sold 2.00 to 15.00 lower, while heifers sold with too few comparable sales to trend. Slaughter cows sold steady to 1.00 higher on boning and breakers, with lean cows selling 4.00 lower. Slaughter bulls sold steady to 2.00 higher on a light test.

Producers Livestock Marketing - Salina, UT · Utah

Compared to last week, Feeder Steers 5.00-15.00 lower with instances of 25.00 lower; Feeder Bulls under 600 lbs. steady to 5.00 higher, over 600 lbs. 20.00-25.00 lower; Feeder Heifers 10.00-20.00 lower with instances of 30.00 lower; Slaughter Cows mostly steady; Slaughter Bulls mostly steady.

United Producers Inc (Fayetteville, TN) · Tennessee

Compared to last week: Slaughter cows steady to 2.00 higher, Lean cows 5.00 lower. Slaughter bulls 2.00 lower. Packer demand good.

Woodward Livestock Inc · Oklahoma

Compared to two weeks ago: Slaughter cattle sold 2.00 to 3.00 higher. Replacement cattle sold firm. All feeder classes sold sharply lower. Trade was active with good demand on feeder calves.

Uniontown Stockyards · Alabama

Cows and bulls

National direct, dressed USDA
ClassPriceDirectionHead
Breaker (75% lean)317.50/cwt$2.16 lower555
Boner (85% lean)333.42/cwt$0.65 higher1,536
Cutter (90% lean)333.49/cwt$1.83 higher2,573
Premium White327.43/cwt$1.15 lower1,633
Bull (92% lean)373.50/cwt$0.41 lower350

What published

See every report →
93 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.