The Morning Wire / Tue Oct 27, 2026

The Morning Wire

The trading day in one page — Tue, Oct 27

● Written from USDA reportsEvery figure as filed

← Oct 26Oct 27Oct 28 →

The market in a line

Tue, Oct 27

Choice cutout closed $2.78 higher at $372.22. 58 barns across 23 states reported 3,884 priced lots.

Feeder steers

National, week of Oct 26 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.

Weight	Price	vs prior week	Head	Barns
300-399 lb	539.05/cwt	$5.44 lower	4,346	147
400-499 lb	489.24/cwt	$0.64 higher	13,743	161
500-599 lb	435.15/cwt	$4.12 lower	26,594	163
600-699 lb	389.69/cwt	$2.39 lower	17,913	161
700-799 lb	354.97/cwt	$4.27 higher	9,016	143
800-899 lb	343.29/cwt	$3.06 higher	9,552	102

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, Oct 27, weighted by head. Spread of $76.25 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.

Barn	State	Average	Head
Mobridge Livestock Exchange	SD	468.98/cwt	689
Unionville Livestock Market LLC	MO	459.44/cwt	100
Farmers and Ranchers Livestock Commission - Kansas	KS	458.98/cwt	470
Winter Livestock - Riverton, WY	WY	453.92/cwt	749
Miles City Livestock Commission	MT	451.58/cwt	787
Gordon	NE	434.85/cwt	287
Beaver Livestock Auction	OK	431.22/cwt	457
Lolli Brothers Livestock Market	MO	430.91/cwt	56
Producers Livestock Marketing - Salina, UT	UT	428.18/cwt	526
Kingsville Livestock Auction	MO	427.46/cwt	150
F&T Livestock Market	MO	426.89/cwt	83
Ozarks Regional Stockyards	MO	417.64/cwt	337
Interstate Regional Stockyards	MO	417.47/cwt	56
OKC West Livestock Market	OK	408.16/cwt	556
Springfield Livestock Auction - Kentucky	KY	404.75/cwt	69
Virginia Cattle Company	VA	401.50/cwt	20
Knoxville Livestock Auction - Knoxville, TN	TN	401.04/cwt	30
Uniontown Stockyards	AL	397.74/cwt	53
Lexington Livestock Auction - Kentucky	KY	396.09/cwt	44
Lonestar Stockyards	TX	392.73/cwt	56

Boxed beef

PM close · Oct 27 USDA

Choice $372.22, $2.78 higher. Select $358.85, $1.29 higher. The Choice–Select spread stands at $13.37. 120 loads traded.

Fed cattle

Negotiated cash, week to date USDA

461 head traded Oct 21–Oct 27.

Region	Basis	Price	Head
Iowa-Minnesota	Dressed Delivered	357.81	222
Iowa-Minnesota	Live FOB	225.66	239

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 10.00-15.00 lower. Steers weighing 700-750lbs were 15.00 higher on better quality and several buyers had a tight 7 weight order. Feeder heifers steady to 5.00 higher.
OKC West Livestock Market · Oklahoma

Compared to last sale (10-20-26): Feeder steer and heifer calves under 400 lbs were too lightly tested to develop an accurate market trend, however steady to higher undertones were noticed on steers and steady undertones were noticed on heifers.
Miles City Livestock Commission · Montana

Compared to the special sale two weeks ago, calves sold 10.00 to 20.00 higher across all weight classes with some very nice heifers weighing 500 to 600 lbs selling up to 30.00 higher. Heavy supply of unweaned calves offered today. Moderate supply for a very good demand.
Farmers and Ranchers Livestock Commission - Kansas · Kansas

Compared to last week, feeder steers and heifers sold 6.00-12.00 higher with five-weight steers selling 20.00 higher. Demand was good on a moderate supply. The market was very active with the quality of the offering above average. The largest draft of the day was 153 head of 712 lb.
Ozarks Regional Stockyards · Missouri

Trade activity and demand was good. Breaker slaughter cows of average dressing sold 1.00 lower while boner cows sold 4.00 higher. Lean cows of average dressing sold 4.00 higher. Slaughter bulls of average dressing sold 1.00 lower.
Winter - La Junta · Colorado

Compared to one week ago: Slaughter cows 1.00 to 2.00 higher, slaughter bulls 3.00 to 6.00 lower. Feeder steers, bulls, and heifers 5.00 to 10.00 higher.
Okeechobee Livestock Auction (Tue) · Florida

Compared to a week ago: Slaughter Cows and Slaughter Bulls sold steady. Replacement Cattle steady. All Feeder Classes and Calf Classes sold steady.
Southern Livestock · Georgia

Compared to one week ago: Slaughter cows sold 2.00 to 7.00 lower. Slaughter bulls sold sharply lower on a light test. Feeder steers and bulls sold steady to 5.00 higher with instances up to 12.00 higher. Feeder heifers sold 2.00 to 8.00 lower. Replacement cows and pairs sold steady.
Opp Stockyards · Alabama

Cows and bulls

National direct, dressed USDA

Class	Price	Direction	Head
Breaker (75% lean)	241.16/cwt	$2.32 lower	575
Boner (85% lean)	248.81/cwt	$1.32 lower	1,608
Cutter (90% lean)	252.76/cwt	$0.88 lower	3,103
Premium White	264.75/cwt	$3.66 higher	892
Bull (92% lean)	311.92/cwt	$3.87 lower	379

What published

See every report →

102 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.