The Morning Wire / Thu Oct 8, 2026

The Morning Wire

The trading day in one page — Thu, Oct 8
● Written from USDA reportsEvery figure as filed

The market in a line

Thu, Oct 8
Choice cutout held near $374.85. 36 barns across 19 states reported 2,100 priced lots.

Feeder steers

National, week of Oct 5 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 lb533.84/cwt$20.03 higher4,660163
400-499 lb482.80/cwt$20.94 higher15,688181
500-599 lb430.36/cwt$15.70 higher26,018183
600-699 lb380.51/cwt$14.13 higher15,892182
700-799 lb344.45/cwt$0.58 higher8,153163
800-899 lb334.06/cwt$1.13 higher8,928120

Barn by barn, 500–599 lb steers

Same day, same class USDA
Every barn that sold at least 20 head of this class on Thu, Oct 8, weighted by head. Spread of $86.54 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
Mobridge Livestock ExchangeSD465.50/cwt593
ValentineNE458.40/cwt1,017
OgallalaNE457.75/cwt750
Stockmen's Livestock ExchangeND451.90/cwt576
Billings Livestock CommissionMT430.31/cwt528
Winter Livestock - PrattKS429.50/cwt377
Cedar Livestock AuctionUT419.86/cwt213
Tulia Livestock AuctionTX418.47/cwt102
Clarinda Livestock AuctionIA410.30/cwt157
Farmers and Ranchers Livestock Commission - KansasKS409.75/cwt89
Wheeler Livestock AuctionMO406.96/cwt89
Rockingham Livestock Sales, Inc.VA394.72/cwt23
Apache Livestock AuctionOK392.58/cwt105
Stanford Livestock AuctionKY392.38/cwt85
Paris Livestock AuctionKY392.05/cwt121
Dalhart Livestock AuctionTX391.71/cwt86
Woodward Livestock IncOK388.59/cwt175
Mo-Kan Livestock MarketMO387.60/cwt26
Glasgow Livestock AuctionKY380.40/cwt23
Mid Missouri StockyardsMO378.96/cwt65

Boxed beef

PM close · Oct 8 USDA
Choice $374.85, $0.77 lower. Select $351.73, $2.48 lower. The Choice–Select spread stands at $23.12. 131 loads traded.

Fed cattle

Negotiated cash, week to date USDA
6,564 head traded Oct 2–Oct 8.
RegionBasisPriceHead
Iowa-MinnesotaDressed Delivered345.79504
Iowa-MinnesotaDressed FOB345.0040
Iowa-MinnesotaLive Delivered220.2075
Iowa-MinnesotaLive FOB218.792,948
NebraskaDressed Delivered345.791,995
NebraskaLive Delivered226.00700

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, steers were steady - 15.00 lower and heifers were 7.00 - 17.00 lower. Demand was moderate to good. Lots of harvesting going on and do not know if they are ready for cattle and the borad of trade can not decide what it wants to do. Next special will be next week.

Ogallala · Nebraska

Compared to last week, feeder steers 875 lb to 975 lb sold unevenly steady. Steers 525 lb to 825 lb sold 3.00 to 15.00 higher. Feeder heifers 525 lb to 950 lb sold 6.00 to 10.00 higher. No recent comparison on steer and heifer calves 400 lb to 525 lb, however they traded 35.00 to 50.00 higher.

Winter Livestock - Pratt · Kansas

Compared to last sale (10-01-26): Feeder steers and heifer calves were too lightly tested last week to develop an accurate market trend, however unevenly steady undertones were noticed on a mixed quality offering. Yearling cattle sold on mostly moderate demand for light offerings.

Billings Livestock Commission · Montana

Compared to last week: Feeder steers 1.00 to 2.00 lower. Feeder heifers 5.00 to 10.00 lower. Steer calves 5.00 to 10.00 lower. Heifer calves 3.00 to 5.00 lower. Quality average to attractive with moderate demand. Slaughter cows steady to 4.00 lower. Slaughter bulls 1.00 lower.

Apache Livestock Auction · Oklahoma

Compared to last week: There were few comparable sales due to last weeks short run. A lower undertone was noted though, following with a weaker board. However; there was a good offering of better quality cattle this week. In spite of a down market, trade remained active on good demand.

Dalhart Livestock Auction · Texas

Compared to last report feeder steers sold unevenly steady, with feeder heifers selling 20.00 higher on calves and yearlings. With slaughter cows selling steady and bulls selling 6.00 lower on a light test. With sheep and goats selling with too few comparable sales to test.

Cedar Livestock Auction · Utah

Compared to last Thursday: Feeder steers sold 6.00-8.00 higher. Feeder heifers traded 4.00-6.00 higher. There was stronger demand across all feeder classes. Slaughter cows sold 7.00-8.00 lower and slaughter bulls were 2.00-4.00 lower.

Guthrie Livestock Auction · Kentucky

Compared to last week, yearling steers and heifers sold steady to firm, calves sold steady to lower depending upon the health program as the un-weaned calves and those fresh off the cow are starting to see discounts. Demand was moderate to good. Slaughter cows sold 2.00-4.00 lower.

Mo-Kan Livestock Market · Missouri

Cows and bulls

National direct, dressed USDA
ClassPriceDirectionHead
Breaker (75% lean)252.61/cwt$0.01 lower476
Boner (85% lean)264.08/cwt$1.04 lower1,964
Cutter (90% lean)270.45/cwt$1.13 higher3,609
Premium White295.81/cwt$15.08 higher1,980
Bull (92% lean)322.83/cwt$1.25 lower360

What published

See every report →
72 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.