The Morning Wire / Wed Sep 23, 2026

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The Morning Wire

The trading day in one page — Wed, Sep 23
● Written from USDA reportsEvery figure as filed
← Sep 22Sep 23Sep 24 →

The market in a line

Wed, Sep 23
Choice cutout closed $1.58 lower at $377.31. 56 barns across 26 states reported 3,607 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 Wed, Sep 23, weighted by head. Spread of $69.65 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
Torrington Livestock Commission CompanyWY451.78/cwt553
Huss LivestockNE439.81/cwt120
Winter Livestock - Dodge CityKS431.02/cwt314
South Central Regional StockyardsMO420.33/cwt105
Green Forest StockyardsAR416.25/cwt83
Farmington Regional StockyardsMO411.73/cwt42
'R' Livestock ConnectionUT405.21/cwt44
Central Plains StockyardsIA405.17/cwt47
Clovis Livestock AuctionNM397.95/cwt130
Kist Livestock AuctionND395.00/cwt20
Russell Springs Livestock AuctionKY394.64/cwt52
Springfield Livestock Marketing CenterMO393.69/cwt163
County Line Sale BarnAR393.43/cwt26
Windsor Livestock AuctionMO393.27/cwt103
Albany Livestock AuctionKY392.27/cwt43
Roanoke StockyardsAL390.49/cwt46
Lucedale Livestock AuctionMS388.16/cwt36
La JuntaCO383.69/cwt181
North Wilkesboro Livestock AuctionNC383.35/cwt26
Southern Oklahoma Livestock AuctionOK382.13/cwt220

Boxed beef

PM close · Sep 23 USDA
Choice $377.31, $1.58 lower. Select $352.34, $5.51 lower. The Choice–Select spread stands at $24.97. 98 loads traded.

Fed cattle

Negotiated cash, week to date USDA
24,620 head traded Sep 17–Sep 23.
RegionBasisPriceHead
Iowa-MinnesotaDressed Delivered349.682,982
Iowa-MinnesotaDressed FOB348.0076
Iowa-MinnesotaLive Delivered222.17329
Iowa-MinnesotaLive FOB221.546,063
NebraskaDressed Delivered350.0510,399
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, large loads of steers and heifers under 650 lbs sold 10.00 to 20.00 higher. Heifers 600 lbs to 700 lbs sold 5.00 higher. One load of 690 lbs heifers sold 10.00 higher. Feeder steers not well tested. Slaughter cows sold steady across all classes.

Winter Livestock - Dodge City · Kansas

Compared to two weeks ago, steers 700-1000 lbs sold 5.00 to 15.00 higher and heifers over 700 lbs sold steady to 10.00 higher. Demand was good from the buyers in the crowd with internet activity noticed.

Huss Livestock · Nebraska

Compared to last week. Steers steady to 5.00 lower. Heifers steady to 10.00 higher. Quality was plain to average with a moderate demand.

Southern Oklahoma Livestock Auction · Oklahoma

Compared to last sale; Steer calves 350-450 lbs sold uneven and 450-600 lbs were 10.00-15.00 higher. Heifer calves 400-550 lbs sold higher and 550-600 lbs were 5.00 lower Feeder heifers 600-650 lbs sold 7.00 higher. Trade and demand were moderately higher on lower numbers .

Clovis Livestock Auction · New Mexico

Compared to last weeks lighter test, steers and heifers sold mostly steady. Demand was moderate to good for a moderate supply with a nice offering of yearlings on hand. The board has been volatile lately but saw big gains on Wednesday. Slaughter cows sold 3.00-6.00 lower.

Windsor Livestock Auction · Missouri

Compared to last sale (9-02-26): Feeder cattle were all too lightly tested to develop any market trend. Quality this week was mostly plain to average with most offerings seen in small packages or as singles. Demand was light to moderate as both quality and quantity limited demand.

Public Auction Yards · Montana

Compared to one week ago: Slaughter cows 1.00 to 3.00 lower, slaughter bulls mostly steady. Feeder steers, bulls, and heifers steady to 5.00 lower.

Arcadia Stockyard (Wed) · Florida

Trade active and average attendance but lower head run than last week following yesterday's Graded Feeder Special sale. See "Buckhannon Stockyards--Special Graded Sale" for yesterday's results. Too few head to test Feeders today.

Buckhannon Stockyards · West Virginia

Cows and bulls

National direct, dressed USDA
ClassPriceDirectionHead
Breaker (75% lean)269.26/cwt$16.78 lower411
Boner (85% lean)280.44/cwt$2.55 lower1,627
Cutter (90% lean)284.73/cwt$0.94 lower3,036
Premium White299.52/cwt$3.17 higher1,370
Bull (92% lean)331.33/cwt$0.90 lower435

What published

See every report →
97 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.