The Morning Wire / Tue Sep 15, 2026

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The Morning Wire

The trading day in one page — Tue, Sep 15
● Written from USDA reportsEvery figure as filed
← Sep 14Sep 15Sep 16 →

The market in a line

Tue, Sep 15
Choice cutout held near $376.08. 60 barns across 23 states reported 3,638 priced lots.

Feeder steers

National, week of Sep 14 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 lb498.30/cwt$13.88 higher2,902148
400-499 lb450.87/cwt$10.19 higher7,763167
500-599 lb403.36/cwt$12.77 higher12,243167
600-699 lb363.27/cwt$10.59 higher10,010163
700-799 lb344.17/cwt$4.48 higher7,980146
800-899 lb334.77/cwt$10.37 lower11,797109

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 15, weighted by head. Spread of $95.88 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 AuctionSD471.75/cwt186
F&T Livestock MarketMO430.68/cwt72
Kingsville Livestock AuctionMO430.60/cwt89
Lexington Livestock Auction - KentuckyKY423.21/cwt131
Knoxville Livestock Auction - IowaIA422.21/cwt124
Toppenish Livestock CommissionWA421.21/cwt180
Producers Livestock Marketing - Salina, UTUT406.54/cwt212
Ozarks Regional StockyardsMO406.47/cwt86
Lolli Brothers Livestock MarketMO404.38/cwt29
I-40 Livestock AuctionAR401.48/cwt25
Beaver Livestock AuctionOK398.36/cwt245
Virginia Cattle CompanyVA392.86/cwt46
Lonestar StockyardsTX392.72/cwt122
Four State StockyardsMO387.41/cwt82
OKC West Livestock MarketOK384.99/cwt307
McAlester Union StockyardsOK384.77/cwt56
Knoxville Livestock Auction - Knoxville, TNTN384.51/cwt70
Springfield Livestock Auction - KentuckyKY380.81/cwt28
Townsend Livestock MarketFL377.77/cwt56
Southern LivestockGA375.87/cwt46

Boxed beef

PM close · Sep 15 USDA
Choice $376.08, $0.77 higher. Select $356.36, $1.81 higher. The Choice–Select spread stands at $19.72. 101 loads traded.

Fed cattle

Negotiated cash, week to date USDA
22,965 head traded Sep 5–Sep 11.
RegionBasisPriceHead
Iowa-MinnesotaDressed Delivered351.395,684
Iowa-MinnesotaDressed FOB349.78372
Iowa-MinnesotaLive Delivered219.02208
Iowa-MinnesotaLive FOB222.075,822
NebraskaDressed Delivered350.335,749
NebraskaDressed FOB350.00830

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: Feeder steers 5.00-10.00 higher. Feeder heifers unevenly steady. The steer market opened on a very strong note, with prices dollars higher. About half way through the steer turn, quality and condition began to decline, bringing buyer interest to a halt.

OKC West Livestock Market · Oklahoma

Compared to the last reported sale three weeks ago, similar sales of steers sold 10.00-20.00 higher with some calves selling up to 30.00 higher. Heifers sold firm to 10.00 higher.

Kingsville Livestock Auction · Missouri

Compared to the last sale (September 1, 2026): Feeder steers and heifers were overall too lightly tested to develop an accurate market trend. However, a higher undertone was noted for feeder cattle over 800 lbs. Quality this week was mostly average to attractive.

Miles City Livestock Commission · Montana

Compared to a week ago: Slaughter Cows and Slaughter Bulls steady. Replacement Cattle steady. All Feeder Classes and Calf Classes sold 2.00 - 4.00 higher.

Southern Livestock · Georgia

Compared to one week ago: Slaughter cows and bulls mostly steady. Feeder steers, bulls, and heifers steady to 5.00 higher.

Okeechobee Livestock Auction (Tue) · Florida

Compared to last week: Steer and heifer calves traded mostly firm to 10.00 higher, with instances of up to 15.00 higher on a higher quality kinds with at least two rounds of shots. Quite a few yearlings were on offer today, but do to last weeks light test no trend is available.

Lonestar Stockyards · Texas

Compared to last week, Feeder Steers/Bulls 5.00-15.00 higher with instances of 20.00 higher; Feeder Heifers 5.00-15.00 higher with instances of 20.00 higher; Slaughter Cows steady to 2.00 lower; Slaughter Bulls mostly steady.

United Producers Inc (Fayetteville, TN) · Tennessee

Compared to last week's light run, feeder steers and heifers were 15.00-20.00 higher. Steer calves weighing 500-700 lbs. were 15.00-20.00 higher with 400-700 lb. heifer calves 20.00-30.00 higher. Demand was very good on a moderate supply. The largest draft of the day was 110 head of 969 lb.

Ozarks Regional Stockyards · Missouri

Cows and bulls

National direct, dressed USDA
ClassPriceDirectionHead
Breaker (75% lean)277.19/cwt$6.13 lower311
Boner (85% lean)280.10/cwt$13.23 lower1,453
Cutter (90% lean)284.36/cwt$5.82 lower2,728
Premium White311.56/cwt$2.44 lower1,652
Bull (92% lean)336.59/cwt$4.62 higher303

What published

See every report →
106 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.