The Morning Wire / Sat Sep 5, 2026

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The Morning Wire

The trading day in one page — Sat, Sep 5
● Written from USDA reportsEvery figure as filed
← Sep 4Sep 5Sep 7 →

The market in a line

Sat, Sep 5
Choice cutout held near $376.17. 6 barns across 5 states reported 285 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

Boxed beef

PM close · Sep 4 USDA
Choice $376.17, $0.73 lower. Select $355.87, $5.15 higher. The Choice–Select spread stands at $20.30. 94 loads traded.

Fed cattle

Negotiated cash, week to date USDA
18,661 head traded Aug 29–Sep 4.
RegionBasisPriceHead
Iowa-MinnesotaDressed Delivered346.523,846
Iowa-MinnesotaDressed FOB343.001,040
Iowa-MinnesotaLive FOB218.414,685
NebraskaDressed Delivered344.605,247
NebraskaLive FOB218.693,843

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 with an average quality offering. Feeder steers and heifers 300 lbs and under appeared firm with a lite test, while the 400-700 lbs steers and heifers were steady to 5.00 lower with a moderate supply and spotty demand.

Somerset Livestock Auction · Kentucky

Compared to last month's sale 300-400lb feeder steers sold 65.00 to 95.00 lower. 500-600lb feeder steers sold 34.00 to 55.00 lower. 400-500lb feeder heifers sold 39.00 to 51.00 lower. 500-600lb feeder heifers sold 52.00 to 71.00 lower.

Finger Lakes Livestock Auction · New York

Cows and bulls

National direct, dressed USDA
ClassPriceDirectionHead
Breaker (75% lean)284.58/cwt$3.66 lower541
Boner (85% lean)297.65/cwt$1.51 lower1,672
Cutter (90% lean)300.73/cwt$4.02 lower3,825
Premium White307.75/cwt$10.13 lower1,058
Bull (92% lean)346.88/cwt$3.19 lower405

What published

See every report →
8 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.