The Morning Wire / Tue Sep 1, 2026

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The Morning Wire

The trading day in one page — Tue, Sep 1
● Written from USDA reportsEvery figure as filed
← Aug 31Sep 1Sep 2 →

The market in a line

Tue, Sep 1
Choice cutout closed $3.93 higher at $379.75. 52 barns across 21 states reported 3,063 priced lots.

Feeder steers

National, week of Aug 31 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 lb478.27/cwt$1.66 lower2,406128
400-499 lb416.75/cwt$0.47 higher4,330144
500-599 lb371.39/cwt$0.39 higher5,984157
600-699 lb347.19/cwt$1.92 lower5,170139
700-799 lb331.41/cwt$3.21 lower4,421123
800-899 lb324.16/cwt$0.16 higher6,69480

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, Sep 1, weighted by head. Spread of $116.59 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
Philip Livestock AuctionSD439.70/cwt340
Virginia Cattle CompanyVA436.73/cwt55
Unionville Livestock Market LLCMO399.14/cwt43
Beaver Livestock AuctionOK396.39/cwt397
Producers Livestock Marketing - Salina, UTUT376.63/cwt99
ThomasvilleGA373.98/cwt30
OKC West Livestock MarketOK372.57/cwt138
Springfield Livestock Auction - KentuckyKY366.49/cwt35
McAlester Union StockyardsOK365.73/cwt64
Lexington Livestock Auction - KentuckyKY364.51/cwt24
Arkansas Cattle Auction LLCAR363.09/cwt66
Ozarks Regional StockyardsMO348.32/cwt38
Townsend Livestock MarketFL347.10/cwt44
Okeechobee Livestock Auction (Tue)FL345.75/cwt66
Athens Regional Stockyard - Athens, TNTN344.52/cwt63
Uniontown StockyardsAL343.23/cwt93
Brookhaven Livestock AuctionMS337.72/cwt27
Southern LivestockGA335.90/cwt36
Cattlemen's Livestock Auction Market, IncFL324.03/cwt22
Tylertown Livestock AuctionMS323.11/cwt26

Boxed beef

PM close · Sep 1 USDA
Choice $379.75, $3.93 higher. Select $360.45, $1.96 higher. The Choice–Select spread stands at $19.30. 110 loads traded.

Fed cattle

Negotiated cash, week to date USDA
14,280 head traded Aug 26–Sep 1.
RegionBasisPriceHead
Iowa-MinnesotaDressed Delivered349.662,217
Iowa-MinnesotaDressed FOB341.0080
Iowa-MinnesotaLive Delivered218.0076
Iowa-MinnesotaLive FOB219.454,339
NebraskaDressed Delivered344.831,352
NebraskaDressed FOB345.85480

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 sold 3.00 to 8.00 lower. Slaughter bulls sold steady. Replacement cows sold steady. Feeder cattle sold unevenly steady.

Letohatchee Stockyards · Alabama

Compared to last week; Steer calves under 600 lbs. 7.00 to 9.00 higher, over 600 lbs. 8.00 lower. Heifer calves uneven in classes ( steady ). Quality was average and demand was moderate Slaughter cows 7.00 to 10.00 lower. Slaughter bulls 13.00 lower.

McAlester Union Stockyards · Oklahoma

Compared to last week, feeder steers and heifers were steady to 4.00 lower. There were too few calves under 700 lbs to establish a market however undertones were lower. Demand was moderate on a light supply. The largest draft of the day was 66 head of 786 lb.

Ozarks Regional Stockyards · Missouri

Compared to one week ago: Slaughter cows and bulls 4.00 to 6.00 lower. Feeder cattle 5.00 to 8.00 higher. Replacement type cows mostly steady.

Townsend Livestock Market · Florida

Compared to last sale (8-25-26): Feeder steers were all too lightly tested to develop any market trend. Feeder heifers under 900 lbs sold mostly 5.00-10.00 higher in a narrow comparison, while heifers over 900 lbs sold generally steady. Quality this week was mostly average to attractive.

Miles City Livestock Commission · Montana

Compared to one week ago, slaughter cows steady to 3.00 lower, slaughter bulls 3.00 to 6.00 lower, feeder steers lightly tested, feeder bulls and heifers unevenly steady, replacement cows lightly tested.

Calhoun · Georgia

Compared to last week: Feeder calves sold 10.00 - 25.00 higher. Slaughter cattle sold 5.00 - 10.00 lower.

Philadelphia Livestock Auction · Mississippi

Compared to the last reported market four weeks ago, steers and heifers traded sharply lower with the best comparison being load lots of yearling steers selling 20.00 to 25.00 lower. Slaughter cows 15.00 to 20.00 lower.

Unionville Livestock Market LLC · Missouri

Cows and bulls

National direct, dressed USDA
ClassPriceDirectionHead
Breaker (75% lean)290.96/cwt$11.06 lower748
Boner (85% lean)307.16/cwt$5.72 lower2,037
Cutter (90% lean)312.36/cwt$0.32 lower3,335
Premium White316.01/cwt$3.46 lower1,409
Bull (92% lean)354.90/cwt$0.67 lower549

What published

See every report →
98 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.