The Morning Wire / Mon Jul 27, 2026

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The Morning Wire

The trading day in one page — Mon, Jul 27
● Written from USDA reportsEvery figure as filed
← Jul 25Jul 27Jul 28 →

The market in a line

Mon, Jul 27
Choice cutout closed $1.65 higher at $362.89. 52 barns across 15 states reported 3,519 priced lots.

Feeder steers

National, week of Jul 27 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 lb528.70/cwt$14.38 lower2,016127
400-499 lb442.30/cwt$21.17 lower3,021137
500-599 lb399.29/cwt$19.75 lower3,877142
600-699 lb371.94/cwt$15.92 lower3,856139
700-799 lb350.71/cwt$5.75 lower3,237111
800-899 lb342.06/cwt$1.77 lower3,99672

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 27, weighted by head. Spread of $94.51 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
Lexington Livestock Auction - KentuckyKY451.72/cwt60
Tina LivestockMO439.31/cwt49
Farmers Livestock Exchange, Inc.VA438.26/cwt20
Oklahoma National Stockyards MarketOK431.77/cwt126
Tulsa Stockyards Inc.OK429.34/cwt31
Lynchburg Livestock Market, Inc.VA410.85/cwt89
Unionville Livestock Auction - Unionville, TNTN405.70/cwt32
Dickson Livestock AuctionTN401.71/cwt27
Callaway Livestock CenterMO400.00/cwt26
Cleburne County Livestock AuctionAR398.65/cwt33
Joplin Regional StockyardsMO391.50/cwt66
Giddings Livestock CommissionTX389.47/cwt87
Arcadia Stockyard (Mon)FL385.38/cwt64
Roswell Livestock AuctionNM383.45/cwt67
Tadlock Livestock AuctionMS381.80/cwt32
Cattlemans Livestock Auction - West Point, MSMS371.46/cwt32
DonalsonvilleGA368.35/cwt89
Okeechobee Livestock Auction (Mon)FL364.08/cwt48
Dothan StockyardsAL362.64/cwt21
GreensboroGA357.20/cwt25

Boxed beef

PM close · Jul 27 USDA
Choice $362.89, $1.65 higher. Select $345.16, $1.55 lower. The Choice–Select spread stands at $17.73. 86 loads traded.

Fed cattle

Negotiated cash, week to date USDA
12,025 head traded Jul 21–Jul 27.
RegionBasisPriceHead
Iowa-MinnesotaDressed Delivered369.111,926
Iowa-MinnesotaLive Delivered232.41184
Iowa-MinnesotaLive FOB230.143,072
KansasLive FOB229.811,149
NebraskaDressed Delivered364.554,759
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: All classes lightly tested due to several days of temps over 100 degrees, conditions not conducive to moving cattle. Market as a whole began lower, however as the sale progressed, many sales moved back to steady with last week. Feeder steers steady.

Oklahoma National Stockyards Market · Oklahoma

CLOSE Compared to last week feeder steers sold 5.00-20.00 lower with the exception of light 6 and 7 weight steers which sold steady to 5.00 higher. Feeder heifers sold 10.00-20.00 lower. Supply was light with moderate demand.

Joplin Regional Stockyards · Missouri

Total receipts were 1,040 compared to 1,177 last week. Feeder cattle were lower across the board. Feeder steers were 15.00 to 30.00 lower. Feeder heifers were 10.00 to 25.00 lower. Slaughter cows and bulls were fully steady with last week.

Giddings Livestock Commission · Texas

Compared to one week ago: Slaughter cows sold 4.00 to 10.00 higher and slaughter bulls sold 2.00 to 9.00 lower. Feeder cattle sold sharply lower. Replacement cattle sold mostly steady.

Okeechobee Livestock Auction (Mon) · Florida

Compared to last week slaughter cattle were 2.00 to 4.00 higher, while feeder cattle were 2.00 to 4.00 lower. Trade and demand were moderate with moderate offerings. Quality of cattle was average. 45 head Sheep: 60.00 -320.00 ; 25 head Goats: 35.00 - 280.00; 5 head Baby Calves: 325.00 - 1000.00

Turnersburg Livestock Auction · North Carolina

Compared to one week ago, slaughter cows and bulls mostly steady, steer calves mostly steady, feeder steers 5.00 to 8.00 lower, bull calves mostly steady, feeder bulls sharply lower, heifer calves mostly steady, feeder heifers 5.00 to 7.00 lower, all replacements mostly steady.

Greensboro · Georgia

Compared to last week feeder steers 400-500lbs sold 6.00-8.00 lower on light test with feeder steers 600-700lbs steady. Feeder heifers 300500lbs were steady to down 3.00-4.00, feeder heifers 600-700lbs were steady with limited comparison.

Harned Livestock Auction · Kentucky

Compared to two weeks ago, the bulk of the sale was 6 straight loads of 849-906 pound steers that had no good comparisons from the last auction. Feeders and calves sold with sharply lower undertones.

Tina Livestock · Missouri

Cows and bulls

National direct, dressed USDA
ClassPriceDirectionHead
Breaker (75% lean)316.34/cwt$0.30 lower428
Boner (85% lean)333.71/cwt$3.59 lower1,544
Cutter (90% lean)334.58/cwt$0.89 lower2,193
Premium White324.32/cwt$3.77 lower1,629
Bull (92% lean)373.79/cwt$0.93 lower454

What published

See every report →
142 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.