The Morning Wire / Mon Sep 7, 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 — Mon, Sep 7
● Written from USDA reportsEvery figure as filed
← Sep 5Sep 7Sep 8 →

The market in a line

Mon, Sep 7
Choice cutout held near $376.17. 27 barns across 10 states reported 1,728 priced lots.

Feeder steers

National, week of Sep 7 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 lb484.42/cwt$6.15 higher2,279118
400-499 lb440.68/cwt$23.93 higher4,797130
500-599 lb390.59/cwt$19.20 higher6,067134
600-699 lb352.68/cwt$5.49 higher4,750129
700-799 lb339.69/cwt$8.28 higher4,396115
800-899 lb345.14/cwt$20.98 higher6,20079

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, Sep 7, weighted by head. Spread of $65.06 between the top and bottom of 9 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
Farmers Livestock Exchange, Inc.VA387.00/cwt63
Roanoke Hollins StockyardVA382.60/cwt36
Lynchburg Livestock Market, Inc.VA360.62/cwt39
Dickson Livestock AuctionTN350.65/cwt23
Williamston Livestock AuctionSC349.89/cwt38
Tadlock Livestock AuctionMS347.93/cwt46
EastanolleeGA344.41/cwt25
Saluda Livestock ExchangeSC333.54/cwt33
Saluda StockyardsSC321.94/cwt31

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 week's sale, Slaughter Cattle Beef Steers were sold $10.00-$15.00 higher, Slaughter Bulls were down $15.00-$20.00, and Slaughter Dairy Cows traded $2.00-$4.00 lower. Feeder Dairy Calves Holsteins sold $15.00 higher.

New Holland Sale Stables · Pennsylvania

Compared to last weeks sale feeder steers and heifers sold $5.00-$20.00 Higher. Slaughter cows and slaughter bulls sold $10.00-$20.00 Lower.

Tadlock Livestock Auction · Mississippi

Due to a lack of comparable data, trends could not be established but tended to sell with a mostly steady undertone. Quality fair to good, Demand good.

Dickson Livestock Auction · Tennessee

Compared to last week: Feeder steers 10.00 lower, feeder heifers 3.00 lower, feeder bulls 6.00 lower, slaughter cows and slaughter bulls 10.00 lower. Moderate offering of plain to average quality cattle with active buyer participation. Light demand for cattle with excess hair and flesh.

Saluda Livestock Exchange · South Carolina

Compared to last week, slaughter cattle were mostly steady. Feeder cattle were mixed. Demand was moderate; market activity and buyer interest were moderate. Offerings of cattle were moderate. Cattle quality was average.

Southeastern Livestock Auction · North Carolina

Compared to one week ago, slaughter cows 10.00 to 15.00 lower, slaughter bulls 3.00 to 8.00 lower, feeder steers lightly tested, feeder bulls and heifers unevenly steady, replacement cows mostly steady.

Carrollton · Georgia

Compared to last week: steers, Heifers and bulls sold steady to $8 higher, Slaughter cows and bulls sold steady.

Cattlemans Livestock Auction - West Point, MS · Mississippi

As compared to last weeks market: feeder calves sold steady to 5.00 higher. Slaughter cattle sold 5.00-10.00 lower. There were many nice replacement cows that sold well.

Southeast Mississippi Livestock Auction · Mississippi

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 →
75 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.