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 →

Summary

Tue, Oct 27

Choice cutout closed $2.78 higher at $372.22. 59 barns across 24 states reported 3,902 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	538.32/cwt	$6.24 lower	4,944	171
400-499 lb	489.99/cwt	$1.53 higher	17,603	187
500-599 lb	435.85/cwt	$3.20 lower	34,086	189
600-699 lb	390.54/cwt	$1.39 lower	22,135	186
700-799 lb	354.36/cwt	$3.76 higher	10,035	167
800-899 lb	342.66/cwt	$2.47 higher	9,879	122

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 $72.89 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
Toppenish Livestock Commission	WA	427.19/cwt	95
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

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

This week was Producers Feeder Special. Compared to last report, feeder steers sold unevenly steady, with heifers selling 8.00 to 18.00 lower. Slaughter cows sold 5.00 to 15.00 lower, and slaughter bulls selling 12.00 lower. Trade was active, with a good demand, and a heavy supply.
Producers Livestock Marketing - Salina, UT · Utah

Compared to last Tuesday sale; few yearlings with no comparisons available. Feeder steers unevenly steady with best advancement on 400-600 lbs instances 10.00-13.00 higher, other weights lower undertones noted. Heifer calves mostly steady with lower undertones noted instances 4.00-8.00 lower.
Winter Livestock - Riverton, WY · Wyoming

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

Too light an offering today compared to Thursday for an accurate price trend, steady undertones noted on steer calves. Very good demand for a handful of loads of yearlings and a few packages of tested open heifers, all off grass, featured in today's offering.
Mobridge Livestock Exchange · South Dakota

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

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

Reports 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.