The Morning Wire / Tue Sep 22, 2026

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The Morning Wire

The trading day in one page — Tue, Sep 22
● Written from USDA reportsEvery figure as filed
← Sep 21Sep 22Sep 23 →

The market in a line

Tue, Sep 22
Choice cutout closed $2.54 higher at $378.89. 55 barns across 22 states reported 3,659 priced lots.

Feeder steers

National, week of Sep 21 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 lb514.77/cwt$16.47 higher3,675162
400-499 lb461.31/cwt$10.44 higher9,503173
500-599 lb405.57/cwt$2.21 higher11,933174
600-699 lb363.69/cwt$0.42 higher10,864171
700-799 lb346.77/cwt$2.60 higher10,765158
800-899 lb335.04/cwt$0.27 higher10,840118

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 22, weighted by head. Spread of $90.32 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
Brookhaven Livestock AuctionMS460.54/cwt36
Winter Livestock - Riverton, WYWY439.14/cwt91
Kingsville Livestock AuctionMO423.28/cwt112
Interstate Regional StockyardsMO418.89/cwt62
Producers Livestock Marketing - Salina, UTUT413.21/cwt213
Ozarks Regional StockyardsMO406.40/cwt314
Beaver Livestock AuctionOK405.68/cwt523
Buckhannon StockyardsWV403.07/cwt99
Four State StockyardsMO401.38/cwt127
Virginia Cattle CompanyVA400.85/cwt23
Springfield Livestock Auction - KentuckyKY397.98/cwt56
Knoxville Livestock Auction - Knoxville, TNTN396.44/cwt28
OKC West Livestock MarketOK391.95/cwt335
Lexington Livestock Auction - KentuckyKY390.20/cwt43
Townsend Livestock MarketFL382.72/cwt36
ThomasvilleGA376.52/cwt33
CarnesvilleGA372.74/cwt23
McAlester Union StockyardsOK372.39/cwt83
Winona Livestock AuctionMS371.19/cwt24
Lineville StockyardsAL370.22/cwt33

Boxed beef

PM close · Sep 22 USDA
Choice $378.89, $2.54 higher. Select $357.85, $2.08 higher. The Choice–Select spread stands at $21.04. 106 loads traded.

Fed cattle

Negotiated cash, week to date USDA
24,714 head traded Sep 15–Sep 21.
RegionBasisPriceHead
Iowa-MinnesotaDressed Delivered350.213,357
Iowa-MinnesotaDressed FOB348.0076
Iowa-MinnesotaLive Delivered222.17329
Iowa-MinnesotaLive FOB221.645,693
NebraskaDressed Delivered350.0210,488
NebraskaDressed FOB350.00222

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 lower. Feeder heifers steady to 5.00 lower. The primary factor influencing the steer market today was a lack of quality, as the majority of offering consisted of summertime feeders.

OKC West Livestock Market · Oklahoma

Compared to last week, feeder steers and heifer were steady to weak. Steer and heifer calves weighing 500-699 lbs were steady to 10.00 lower. PeeWee Calves under 500 lbs. were sharply higher. Demand was good but softened throughout the day.

Ozarks Regional Stockyards · Missouri

Compared to one week ago, slaughter cows and bulls unevenly steady, feeder steers and bulls sharply higher, feeder heifers 8.00 to 10.00 higher, all replacements steady.

Carnesville · Georgia

Second Graded Feeder Special sale following on the heels of last week's sale; lower head run by about 300 head but plenty of quality in the offering. Average attendance and very active trade.

Buckhannon Stockyards · West Virginia

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

Okeechobee Livestock Auction (Tue) · Florida

Compared to last sale (9-15-26): Feeder steers were all too lightly tested to develop any market trend. Yearling heifers were all too lightly tested this week to develop an accurate market trend, however steady to lower undertones were noticed.

Miles City Livestock Commission · Montana

Compared to last week, Feeder Steers steady to 5.00 higher; Feeder Bulls 5.00-10.00 higher; Feeder Heifers steady to 5.00 lower; Slaughter Cows mostly steady; Slaughter Bulls mostly steady.

United Producers Inc (Fayetteville, TN) · Tennessee

Compared to last week, steers sold steady to 10.00 lower and heifers sold mostly steady. Supply and demand were moderate. Some new crop calves are starting to show up and it finally feels like fall. Slaughter cows sold mostly steady.

Kingsville Livestock Auction · Missouri

Cows and bulls

National direct, dressed USDA
ClassPriceDirectionHead
Breaker (75% lean)286.03/cwt$13.12 higher884
Boner (85% lean)282.99/cwt$3.22 lower2,440
Cutter (90% lean)285.66/cwt$1.62 lower3,871
Premium White296.34/cwt$7.25 lower1,866
Bull (92% lean)332.24/cwt$3.84 lower456

What published

See every report →
103 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.