The Morning Wire / Mon Nov 2, 2026

The Morning Wire

The trading day in one page — Mon, Nov 2

● Written from USDA reportsEvery figure as filed

← Oct 31Nov 2Nov 3 →

Summary

Mon, Nov 2

Choice cutout held near $365.04. 53 barns across 20 states reported 3,956 priced lots.

Feeder steers

National, week of Nov 2 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	547.36/cwt	$9.04 higher	1,037	37
400-499 lb	467.20/cwt	$22.79 lower	2,976	41
500-599 lb	408.07/cwt	$27.78 lower	4,657	43
600-699 lb	360.67/cwt	$29.87 lower	3,371	42
700-799 lb	341.37/cwt	$12.99 lower	1,742	35
800-899 lb	329.99/cwt	$12.67 lower	1,333	19

Barn by barn, 500–599 lb steers

Same day, same class USDA

Every barn that sold at least 20 head of this class on Mon, Nov 2, weighted by head. Spread of $82.58 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
Torrington Livestock Commission Company	WY	449.85/cwt	527
West Point Livestock Auction	NE	432.85/cwt	78
Winter - La Junta	CO	424.41/cwt	1,478
Tina Livestock	MO	421.57/cwt	92
Sioux Falls Regional Livestock	SD	421.45/cwt	71
Sigourney Livestock Auction	IA	421.17/cwt	243
Callaway Livestock Center	MO	409.98/cwt	259
Oklahoma National Stockyards Market	OK	407.27/cwt	522
Roswell Livestock Auction	NM	400.24/cwt	127
Tulsa Stockyards Inc.	OK	398.49/cwt	313
Unionville Livestock Auction - Unionville, TN	TN	395.59/cwt	23
Cleburne County Livestock Auction	AR	389.56/cwt	78
Billings Livestock Commission	MT	387.22/cwt	65
Arcadia Stockyard (Mon)	FL	384.36/cwt	31
Joplin Regional Stockyards	MO	378.05/cwt	526
Dickson Livestock Auction	TN	377.21/cwt	56
Harned Livestock Auction	KY	375.50/cwt	23
Lexington Livestock Auction - Kentucky	KY	374.37/cwt	30
Russellville Stockyards	AL	370.14/cwt	24
Tadlock Livestock Auction	MS	367.26/cwt	47

Boxed beef

PM close · Nov 2 USDA

Choice $365.04, $0.38 higher. Select $354.94, $2.96 higher. The Choice–Select spread stands at $10.10. 81 loads traded.

Fed cattle

Negotiated cash, week to date USDA

20,615 head traded Oct 24–Oct 30.

Region	Basis	Price	Head
Iowa-Minnesota	Dressed Delivered	354.75	2,433
Iowa-Minnesota	Dressed FOB	355.00	256
Iowa-Minnesota	Live Delivered	224.25	42
Iowa-Minnesota	Live FOB	223.10	7,537
Nebraska	Dressed Delivered	350.34	5,800
Nebraska	Dressed FOB	352.57	1,130

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.

Trade activity and demand was moderate. Feeder steers under 500 sold sharply higher. Steers between 500 and 650 sold 6.00 to 7.00 lower with instances of sharply lower. Steers over 650 sold mostly sharply higher.
Winter - La Junta · Colorado

Close Compared to last week feeder steers sold steady to 10.00 lower. Feeder heifers under 600 lbs. sold steady to 8.00 higher. Heavier weights sold 6.00-12.00 lower. Supply and demand was moderate. Today's offering contained a lot of plain type of cattle.
Joplin Regional Stockyards · Missouri

Compared to last week: True yearling type feeder steers and heifers lightly tested and 4.00-12.00 lower. Sixty day weaned feeder type cattle selling sharply lower. Demand is moderate at best. Cattle futures turned negative midweek last week and fell out of bed on Friday.
Oklahoma National Stockyards Market · Oklahoma

Compared to two weeks ago; steer calves traded 5.00 to 8.00 lower. Heifer calves traded mostly steady. Majority of the offering today were bawling calves with half the offering carrying spring and fall shots and the balance just spring shots.
Torrington Livestock Commission Company · Wyoming

Compared to last week: Yearling feeder steers showed limited comparisons on a lighter offering this week. Only reliable comparison 1000-1100 lbs 2.00 to 5.00 lower. A lower undertone noted on lighter feeder steers and calves with instances of 10.00 to 12.00 lower on heavier feeders.
Sioux Falls Regional Livestock · South Dakota

Compared to last week's sale, Slaughter Steers and Heifers were $1.00-$3.00 higher while Slaughter Bulls were $10.00 lower, and Slaughter Dairy Cows were $15.00-$20.00 lower. Feeder Dairy Calves traded $60.00-$65.00 higher.
New Holland Sale Stables · Pennsylvania

Compared to last week: All feeder cattle were too lightly tested to develop an accurate market trend, however lower undertones were noticed on all offerings. Demand for feeder cattle was mostly light to moderate for light offerings. Quality this week was mostly plain.
Billings Livestock Commission · Montana

Compared to last week, Feeder Steers $6.00-$8.00 lower, Feeder Heifers $7.00-$10.00 lower, Feeder Bulls $2.00-$4.00 lower, Slaughter Cows $2.00-$6.00 lower, Slaughter Bulls not well established last week. Quality fair to good, Demand moderate.
Dickson Livestock Auction · Tennessee

Cows and bulls

National direct, dressed USDA

Class	Price	Direction	Head
Breaker (75% lean)	247.07/cwt	$0.76 lower	650
Boner (85% lean)	246.21/cwt	$0.09 lower	1,868
Cutter (90% lean)	250.77/cwt	$1.97 lower	4,086
Premium White	265.26/cwt	$4.52 higher	1,074
Bull (92% lean)	304.17/cwt	$3.39 lower	406

Reports published

See every report →

96 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.