The Morning Wire / Sat Aug 1, 2026

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The Morning Wire

The trading day in one page — Sat, Aug 1
● Written from USDA reportsEvery figure as filed
← Jul 31Aug 1Aug 3 →

The market in a line

Sat, Aug 1
Choice cutout held near $361.38. 8 barns across 4 states reported 508 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 Sat, Aug 1, weighted by head. Spread of $45.75 between the top and bottom of 3 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
Springlake Livestock Market, Inc.VA412.95/cwt22
Carthage Livestock AuctionTN400.59/cwt31
Crossville Livestock AuctionTN367.20/cwt20

Boxed beef

PM close · Jul 31 USDA
Choice $361.38, $0.88 higher. Select $346.23, $4.90 higher. The Choice–Select spread stands at $15.15. 82 loads traded.

Fed cattle

Negotiated cash, week to date USDA
9,268 head traded Jul 25–Jul 31.
RegionBasisPriceHead
Iowa-MinnesotaDressed Delivered364.80354
Iowa-MinnesotaDressed FOB365.0070
Iowa-MinnesotaLive Delivered235.811,432
Iowa-MinnesotaLive FOB233.383,827
KansasLive FOB232.281,513
NebraskaDressed Delivered363.811,920

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 spotty, but stronger in several spots with a good quality offering. Feeder steers 350 lbs and under appeared sharply higher with a lite test, while the 400-600 lbs steers were mostly steady to 4.00 higher with a good supply and good demand for weaned a…

Somerset Livestock Auction · Kentucky

No trends could be established due to lack of comparable data; however all classes of Feeders traded slightly higher; Slaughter Cows and Bulls traded mostly steady to slightly higher with good quality and steady demand.

Carthage Livestock Auction · Tennessee

No trends established on Feeder Cattle, due to lack of comparable sales. However steady undertones observed. Slaughter Cows steady to 5.00 higher. Slaughter bulls not established.

Crossville Livestock Auction · Tennessee

Compared to last Saturday: Feeder steers and feeder heifers sold unevenly steady on a light test. Slaughter cows and bulls sold steady.

Campbellsville Livestock Auction · Kentucky

No market trends available due to limited comparable receipts, however, a lower undertone was noted for feeder bulls.

Greenville Livestock Auction - Greenville, TN · Tennessee

Cows and bulls

National direct, dressed USDA
ClassPriceDirectionHead
Breaker (75% lean)313.46/cwt$3.16 lower504
Boner (85% lean)330.25/cwt$3.61 lower1,923
Cutter (90% lean)332.68/cwt$1.83 higher2,954
Premium White328.22/cwt$0.31 lower1,632
Bull (92% lean)376.44/cwt$1.72 higher346

What published

See every report →
10 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.