The Morning Wire / Wed Sep 2, 2026

Feeder Cattle — prices, barns, and planning

The Feeder BoardNational weight ladder, every weight classfreeState & Region LaddersEvery state, every weightfreeFind Your BarnEvery USDA-reported market, every salefreeSale ReportsClean report pages replacing USDA PDFsfreeState Auction SummariesUSDA's statewide view, 30 statesfreeWhat Are My Calves Worth?Weight + sex + state → today's moneyfreeThe Forward CurveFall prices trading today, by regionproVideo & Internet SalesSuperior, Western Video and morefreeBoard SalesForward feeder trade, by delivery monthfree

Fed Cattle — the cash market and what quality pays

Fed Cash Today5-Area live & dressed, regional splitfreePacker MarginThe daily per-head numberfreeCarcass Weight WatchWeekly weights vs 5-year bandfreeCattle on FeedMonthly placements & marketings, revisions trackedfreeNegotiated Share TrackerCash vs formula, tracked over yearsfreeWhat Quality PaysWhat packers add and subtract on a carcass gridfree

Beef & Retail — from the box to the grocery shelf

Boxed Beef DailyChoice, Select, the spreadfreePrimal ValuesRib to flank, what's pulling the cutoutfreeWhat the Label Is WorthGrass-fed and organic vs conventional, by cutfreeThe 84-Cut LadderEvery cut USDA tracks, dailyproWho Gets WhatEvery segment’s share of the beef dollarfreeImported Lean MarketThe 90s trade that moves cull cowsSoon

Feed & Hay — the cost side, cash not futures

Cash Grain Bids30 states of elevator bids, dailyfreeHay Prices19 states + 18 auctions, by qualityfreeBasis MapWhat local corn is worth against the boardfreeFeedstuffs DeskDDGS, soybean meal, mill feedsfree

Cows & Bred Stock — the rebuild market

Cull Cow & Bull PricesDaily national, by class and regionfreeCow CutoutWhat the grinding beef is worth, dailyfreeBred Cows & PairsBy stage, age, and statefree

More

Latest ReportsEvery USDA release as it publishesfreeReport ArchiveWhat USDA published on any datefreeThe Morning WireDaily brief from every fresh reportfreeRecords BookAll-time highs, and where today sitsfreeCattle on FeedMonthly, with revisions trackedfreeThe BordersMexico & Canada flows and pricesproDrought & Forced SellingHow much of the herd is dry, and what it costsfreeAlertsYour barn, your class, your thresholdSoon

The Morning Wire

The trading day in one page — Wed, Sep 2
● Written from USDA reportsEvery figure as filed
← Sep 1Sep 2Sep 3 →

The market in a line

Wed, Sep 2
Choice cutout held near $378.78. 49 barns across 24 states reported 2,564 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 Wed, Sep 2, weighted by head. Spread of $103.56 between the top and bottom of 13 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
Torrington Livestock Commission CompanyWY438.00/cwt54
Public Auction YardsMT428.82/cwt133
Green City Livestock AuctionMO411.44/cwt49
Winter Livestock - Dodge CityKS389.86/cwt71
Southern Oklahoma Livestock AuctionOK366.68/cwt183
Lafayette Livestock AuctionTN366.05/cwt23
Clovis Livestock AuctionNM365.39/cwt129
Arcadia Stockyard (Wed)FL362.26/cwt42
Roanoke StockyardsAL356.16/cwt31
Albany Livestock AuctionKY345.86/cwt22
AshburnGA343.34/cwt142
'R' Livestock ConnectionUT342.54/cwt35
Lucedale Livestock AuctionMS334.44/cwt32

Boxed beef

PM close · Sep 2 USDA
Choice $378.78, $0.97 lower. Select $353.58, $6.87 lower. The Choice–Select spread stands at $25.20. 95 loads traded.

Fed cattle

Negotiated cash, week to date USDA
20,945 head traded Aug 27–Sep 2.
RegionBasisPriceHead
Iowa-MinnesotaDressed Delivered347.463,852
Iowa-MinnesotaDressed FOB341.0080
Iowa-MinnesotaLive Delivered218.0076
Iowa-MinnesotaLive FOB218.884,954
NebraskaDressed Delivered344.724,968
NebraskaLive FOB220.057,015

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, steers over 600 lbs and heifers over 650 lbs sold steady, strong undertone. Steers under 600 lbs and heifers under 650 lbs sold sharply lower. Boning and lean utility slaughter cows sold steady to 5.00 lower. Good demand for moderate supply.

Winter Livestock - Dodge City · Kansas

Compared to last week. Steers steady to 15.00 higher. Heifers 5.00 to 15.00 lower. Quality was plain to average with a lot of full cattle, demand fair.

Southern Oklahoma Livestock Auction · Oklahoma

Compared to last sale (8-19-26): Steer and heifer calves were too lightly tested last sale to develop any market trend. Yearling steers were too lightly tested to develop any market trend.

Public Auction Yards · Montana

Compared to the last reported market four weeks ago, steers and heifers of all weights traded sharply lower. Slaughter cows 15.00 lower. The cattle market has taken some pretty large steps back the last several weeks and today's action was a concentrated effort to bring the local trade In line with…

Green City Livestock Auction · Missouri

Compared to one week ago: Feeder steers and bulls sold sharply higher, feeder heifers sold 8.00 to 10.00 higher. Slaughter cows sold 5.00 to 8.00 lower, slaughter bulls sold 3.00 lower. Replacement cows and pairs sold mostly steady.

Roanoke Stockyards · Alabama

Compared to one week ago: Slaughter cows 1.00 to 2.00 lower, slaughter bulls 2.00 to 4.00 lower. Feeder steers, bulls, and heifers steady to 5.00 lower.

Arcadia Stockyard (Wed) · Florida

Compared to a week ago, Slaughter cows 2.00 to 4.00 lower, Feeder steers limited comparable sale, feeder heifers 3.00 to 6.00 lower, feeder bulls steady to 2.00 lower.

Jackson · Georgia

Lower head run than last reported but trade active. Not enough Feeder Cattle for a test. Average dressing Slaughter Cows sold $4-$5 lower, no test on Bulls.

Buckhannon Stockyards · West Virginia

Cows and bulls

National direct, dressed USDA
ClassPriceDirectionHead
Breaker (75% lean)290.07/cwt$0.89 lower382
Boner (85% lean)305.21/cwt$1.95 lower1,531
Cutter (90% lean)310.13/cwt$2.23 lower2,839
Premium White310.23/cwt$5.79 lower1,222
Bull (92% lean)346.47/cwt$8.43 lower580

What published

See every report →
92 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.