The Morning Wire / Sat Jul 25, 2026

Feeder Cattle — prices, barns, and planning

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The Morning Wire

The trading day in one page — Sat, Jul 25
● Written from USDA reportsEvery figure as filed
← Jul 24Jul 25Jul 27 →

The market in a line

Sat, Jul 25
Choice cutout closed $1.63 lower at $361.24. 10 barns across 5 states reported 597 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 Sat, Jul 25, weighted by head. Spread of $63.18 between the top and bottom of 2 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
Winter Livestock - Dodge CityKS437.76/cwt75
Carthage Livestock AuctionTN374.58/cwt33

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 Saturday the feeder market was lower with an average quality offering. Feeder steers 450 lbs and under were sharply lower, while the 500-700 lbs steers were 3.00 to 5.00 lower with moderate demand.

Somerset Livestock Auction · Kentucky

No trends established, due to lack of comparable sales. However lower undertones were noted.

Crossville Livestock Auction · Tennessee

Compared to last Saturday: Feeder steers and feeder heifers sold mostly steady. Slaughter cows and slaughter bulls sold steady to 5.00 higher.

Campbellsville Livestock Auction · Kentucky

No market trends available due to limited comparable receipts, however, a slightly higher undertone was noted for feeder cattle.

Greenville Livestock Auction - Greenville, TN · Tennessee

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 →
11 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.