The Morning Wire / Fri Jul 24, 2026

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The Morning Wire

The trading day in one page — Fri, Jul 24
● Written from USDA reportsEvery figure as filed
← Jul 23Jul 24Jul 25 →

The market in a line

Fri, Jul 24
Choice cutout closed $1.63 lower at $361.24. 8 barns across 7 states reported 403 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

Boxed beef

PM close · Jul 24 USDA
Choice $361.24, $1.63 lower. Select $346.71, $2.04 lower. The Choice–Select spread stands at $14.53. 131 loads traded.

Fed cattle

Negotiated cash, week to date USDA
11,556 head traded Jul 18–Jul 24.
RegionBasisPriceHead
Iowa-MinnesotaDressed Delivered369.111,926
Iowa-MinnesotaLive Delivered232.41184
Iowa-MinnesotaLive FOB230.143,072
KansasLive FOB230.12980
NebraskaDressed Delivered364.864,459
NebraskaLive FOB230.93935

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; slaughter and feeder cows traded 2.00 to 5.00 lower. Slaughter bulls traded 4.00 lower. Nice offering of feeder cattle also today with most offerings selling 5.00 to 10.00 lower to last week.

Torrington Livestock Commission Company · Wyoming

Compared to the last auction two weeks ago, bulk of the receipts were pot loads and part loads of yearling steers and heifers weighing over 700 lbs and did not have a good comparison from two weeks ago but traded with a lower undertone.

Eastern Missouri Commission Company · Missouri

Slaughter cattle were 2.00 higher this week compared to last week . Feeder cattle were 5.00 to 6.00 lower this week compared to last week . Demand was moderate ; market activity and buyer interest were moderate . Offerings light with quality average . 16 head of hogs

Siler City Livestock Auction · North Carolina

Compared to last week: Steer and heifer calves, and feeder steers and heifers, there was no good comparable sales. Slaughter cows and bulls sold 3.00-5.00 lower. Trade and demand moderate.

Cattlemen's Livestock Auction - Belen, NM · New Mexico

Cows and bulls

National direct, dressed USDA
ClassPriceDirectionHead
Breaker (75% lean)316.64/cwt$0.70 lower513
Boner (85% lean)337.30/cwt$5.95 higher2,085
Cutter (90% lean)335.47/cwt$3.08 higher3,235
Premium White328.09/cwt$1.60 higher2,085
Bull (92% lean)374.73/cwt$1.63 higher345

What published

See every report →
39 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.