Sale reports / Montana / Billings Livestock Commission / 2026-09-03

Billings Livestock Commission

Name: Billings Livestock Commission livestock auction prices — 2026-09-03
Creator: RaisedBeef
Published: 2026-09-03

Feeder Cattle · Slaughter Cattle · Replacement Cattle · Billings, Montana · Thu, Sep 3

● Final74 lots reportedUSDA AMS · slug 1777

← Aug 27Sep 3Sep 10 →

Feeder Cattle receipts

414 head

▼ 241 vs last sale 655▼ 923 vs year ago 1,337 · −69.0%

Slaughter Cattle receipts

295 head

▼ 54 vs last sale 349▲ 25 vs year ago 270 · +9.3%

Replacement Cattle receipts

88 head

▲ 14 vs last sale 74▲ 66 vs year ago 22 · +300.0%

Also sold here(Mon)Mon Nov 2, 2026

View

Reporter comment USDA

As filed

Compared to last sale (8-27-26): Feeder steers were all too lightly tested to develop any market trend. Feeder heifers under 1050 lbs sold generally steady in a narrow comparison, heifers over 1050 lbs sold mostly 5.00 higher in a narrow comparison. Quality this week was plain to average on calves and average to attractive on yearlings. Most all yearlings were coming off grass were seen this sale. Demand was mostly moderate to good for light offerings. Yearlings were offered in small packages this week, however demand for light offerings was good. Many tested open heifers out of their replacements were seen again this sale. Calves were offered in mostly small packages with many singles noticed. Many very light offerings were seen this sale as cattle were sold early due to dry conditions. Demand for very light offerings suitable to develop into yearlings was very good. CME positions moved sharply higher today which helped provide some additional market support. Market activity was moderate to active despite light offerings. Weigh up cows sold on mostly light demand and offerings. Cow quality was mostly plain to average today with a limited selection of cows to buy to feed. Many cows coming off pasture and range are lame or blemished in some way. Feeding cows sold mostly 5.00 lower on boning and lean cows, breaking flesh feeding cows sold 8.00-10.00 lower on very light demand. Slaughter cows sold 8.00-10.00 lower on breaking cows, boning and lean slaughter cows sold mostly 2.00-4.00 lower. Slaughter bulls sold mostly 12.00-15.00 lower on lower demand from both packers and feeding buyers. Young age replacement cow offerings were too lightly tested to develop any market trend. Many fleshy offerings were seen this week. Many of these offerings were purchased to feed and sold to feeding cow buyers.

Weight class — the figures below change to match

Weight classPick one — the panels below update

Heifers · summary 500–600 lb

Weighted average of every reported lot

500–600 lb heifers averaged $371.50/cwt on 10 head, up $39.00 from the prior sale. That ranks 4 of 23 comparable sales and sits −40.12 against this barn's trailing median of $411.62.

Average price

$371.50

▲ 39.00 vs prior sale

10 head · 508 lb average

Value per head Derived

$1,887

Price × average weight ÷ 100

Grade differential Derived

−$67

per head · Medium and Large 1 over Medium and Large 1-2

$5.00/cwt at this weight

vs the market

−0.73

vs MT average

+39.98 vs national

Price by quality 500–600 lb

Frame and muscle grade

Frame / muscle	Avg wt	$/cwt	$/head	Head
Medium and Large 1	503	372.50	1,874	8thin
Medium and Large 1-2	528	367.50	1,940	2thin

One grade step is worth $5.00/cwt here — about −$67 a head. Across this sale the premium is widest at 1000–1100 lb. USDA reports each grade on its own line and never publishes the spread.

How it compared 500–600 lb

Same class and week · spot auction only

This sale10 hd

371.50

—

MT average2 barns · 86 hd

372.23

−0.73

National average157 barns · 5,611 hd

331.52

+39.98

This barn, trailing median23 sales

411.62

−40.12

A barn can sit above the state average at one weight and below it at another — check the class you actually sell.

This barn's trailing prices 500–600 lb

23 sales

Heifers 500–600 lb: high $469.35, low $332.50, median $411.62 across 23 sales. Sales under 10 head in this class are excluded, so a thin day cannot swing the median or the ranking.

Slaughter cattle

By class and quality grade · $/cwt

Cull cows and bulls are graded, not weight-classed — grade is what moves the money here.

Class	Grade	Dressing	Avg wt	$/cwt	$/head	Head
Bulls	—	Low	1,819	177.16	3,222	68
Cows	Boner 80-85%	High	1,359	157.74	2,144	92
Cows	Breaker 75-80%	Average	1,612	147.29	2,375	49
Cows	Lean 85-90%	Low	1,177	144.83	1,705	60
Dairy Cows	Lean 85-90%	Low	1,200	117.50	1,410	1thin

Replacement cattle Per head

By class, stage and age

Bred stock and pairs are reported per head, not per hundredweight — these prices are never mixed with the $/cwt figures above.

Class	Stage	Age	Avg wt	$/head	Head
Cow-Calf Pairs	Open	Young (2-4 yrs)	1,354	$3,400	5
Heifer Pairs	Open	Young (2-4 yrs)	1,092	$3,200	3thin

Every lot

74 lots · USDA AMS · Billings Livestock Commission Cattle Auction - Billings, MT (Thu)

Nothing removed and nothing rounded — the same lots as the USDA report, with per-head values added. Grouped by class and set lightest first; USDA files them in sale-ring order.

Class	Weight	Grade / description	Avg wt	Price	Range	Per head	Head
Feeder Cattle · Steers17 lots · lightest first
Steers	150–200	Medium and Large 1-2Unweaned	186	706.65/cwt	700.00–730.00	1,314	4
Steers	200–250	Medium and Large 1Unweaned	226	675.00/cwt	675.00–675.00	1,526	4
Steers	350–400	Medium and Large 1-2Unweaned	380	490.00/cwt	490.00–490.00	1,862	2
Steers	400–450	Medium and Large 2Unweaned	443	405.00/cwt	405.00–405.00	1,794	6
Steers	450–500	Large 1Unweaned	455	440.00/cwt	440.00–440.00	2,002	3
Steers	450–500	Medium and Large 1-2Unweaned	460	445.00/cwt	445.00–445.00	2,047	3
Steers	450–500	Medium and Large 1Unweaned	484	441.94/cwt	435.00–470.00	2,139	33
Steers	550–600	Medium and Large 1Unweaned	576	387.50/cwt	387.50–387.50	2,232	4
Steers	650–700	Medium 1Full	656	350.00/cwt	350.00–350.00	2,296	4
Steers	650–700	Medium 1-2	671	345.00/cwt	345.00–345.00	2,315	9
Steers	750–800	Medium and Large 1-2	773	345.00/cwt	345.00–345.00	2,667	2
Steers	750–800	Medium and Large 1	778	350.00/cwt	350.00–350.00	2,723	4
Steers	850–900	Medium and Large 1	870	338.70/cwt	332.00–341.00	2,947	20
Steers	900–950	Medium and Large 1-2	933	320.00/cwt	320.00–320.00	2,986	2
Steers	950–1000	Medium and Large 1	991	311.00/cwt	311.00–311.00	3,082	12
Steers	1000–1050	Medium and Large 1	1,010	305.00/cwt	305.00–305.00	3,081	4
Steers	1100–1150	Large 1	1,146	290.00/cwt	290.00–290.00	3,323	5
Feeder Cattle · Heifers18 lots · lightest first
Heifers	100–150	Medium and Large 1Unweaned	125	920.00/cwt	920.00–920.00	1,150	2
Heifers	200–250	Medium and Large 1Unweaned	217	600.00/cwt	600.00–600.00	1,302	3
Heifers	350–400	Medium and Large 2Unweaned	392	380.00/cwt	380.00–380.00	1,490	3
Heifers	400–450	Medium and Large 1Unweaned	439	420.67/cwt	415.00–422.50	1,847	8
Heifers	450–500	Medium and Large 1Unweaned	483	403.63/cwt	400.00–405.00	1,950	7
Heifers	500–550	Medium and Large 1Unweaned	503	372.50/cwt	372.50–372.50	1,874	8
Heifers	500–550	Medium and Large 1-2Unweaned	528	367.50/cwt	367.50–367.50	1,940	2
Heifers	700–750	Medium and Large 1-2	707	321.98/cwt	320.00–322.50	2,276	5
Heifers	750–800	Medium and Large 1-2	773	323.82/cwt	317.50–330.00	2,503	12
Heifers	800–850	Medium and Large 1	837	330.00/cwt	330.00–330.00	2,762	31
Heifers	900–950	Medium and Large 1	915	313.50/cwt	313.50–313.50	2,869	21
Heifers	900–950	Medium and Large 1-2	920	303.49/cwt	302.00–305.00	2,792	4
Heifers	950–1000	Medium and Large 1	973	295.32/cwt	294.00–296.00	2,873	9
Heifers	1000–1050	Medium and Large 1	1,017	290.09/cwt	285.00–296.00	2,950	13
Heifers	1050–1100	Large 1Fancy	1,066	292.50/cwt	292.50–292.50	3,118	6
Heifers	1050–1100	Large 1	1,072	283.13/cwt	277.00–286.00	3,035	34
Heifers	1100–1150	Large 1	1,121	271.04/cwt	268.00–275.00	3,038	7
Heifers	1150–1200	Large 1	1,168	265.00/cwt	265.00–265.00	3,095	11
Feeder Cattle · Bulls6 lots · lightest first
Bulls	200–250	Medium and Large 1Unweaned	225	670.00/cwt	670.00–670.00	1,508	3
Bulls	250–300	Medium and Large 1Unweaned	294	565.00/cwt	565.00–565.00	1,661	6
Bulls	400–450	Medium and Large 1Unweaned	438	490.00/cwt	490.00–490.00	2,146	2
Bulls	1100–1150	Large 1	1,105	265.00/cwt	265.00–265.00	2,928	1
Bulls	1200–1250	Large 1	1,205	242.00/cwt	242.00–242.00	2,916	2
Bulls	1250–1300	Large 1	1,270	223.00/cwt	223.00–223.00	2,832	2
Slaughter Cattle · Bulls6 lots · lightest first
Bulls	—	—Light Weight	1,365	182.00/cwt	182.00–182.00	2,484	1
Bulls	—	—Return to Feed	1,497	168.44/cwt	157.00–173.00	2,522	7
Bulls	—	—Return to Feed	1,573	178.29/cwt	177.00–183.00	2,805	4
Bulls	—	—	1,753	167.33/cwt	151.00–174.00	2,933	21
Bulls	—	—	1,955	190.07/cwt	186.00–194.00	3,716	13
Bulls	—	—	1,969	181.26/cwt	176.00–187.00	3,569	22
Slaughter Cattle · Cows17 lots · lightest first
Cows	—	Lean 85-90%	978	102.50/cwt	102.50–102.50	1,002	2
Cows	—	Boner 80-85%	1,119	128.38/cwt	126.00–135.00	1,437	5
Cows	—	Lean 85-90%Return to Feed	1,162	142.00/cwt	139.00–145.00	1,650	22
Cows	—	Lean 85-90%Return to Feed	1,173	153.74/cwt	151.00–161.00	1,803	14
Cows	—	Lean 85-90%Return to Feed	1,195	165.61/cwt	163.50–171.00	1,979	10
Cows	—	Lean 85-90%	1,215	140.00/cwt	140.00–140.00	1,701	2
Cows	—	Lean 85-90%	1,230	127.26/cwt	120.00–139.00	1,565	10
Cows	—	Boner 80-85%Return to Feed	1,333	168.72/cwt	166.00–172.00	2,249	5
Cows	—	Boner 80-85%Return to Feed	1,347	148.04/cwt	143.00–152.00	1,994	8
Cows	—	Boner 80-85%Return to Feed	1,375	160.97/cwt	158.00–165.00	2,213	70
Cows	—	Boner 80-85%	1,434	143.53/cwt	140.00–149.00	2,058	4
Cows	—	Breaker 75-80%Return to Feed	1,464	164.00/cwt	164.00–164.00	2,401	5
Cows	—	Breaker 75-80%Return to Feed	1,566	154.15/cwt	151.50–159.00	2,414	9
Cows	—	Breaker 75-80%Return to Feed	1,578	144.33/cwt	135.00–151.50	2,278	7
Cows	—	Breaker 75-80%	1,655	135.35/cwt	133.50–138.00	2,240	12
Cows	—	Breaker 75-80%	1,662	151.00/cwt	151.00–151.00	2,510	10
Cows	—	Breaker 75-80%	1,677	144.22/cwt	141.00–146.00	2,419	6
Slaughter Cattle · Dairy Cows1 lot · lightest first
Dairy Cows	—	Lean 85-90%	1,200	117.50/cwt	117.50–117.50	1,410	1
Replacement Cattle · Stock Cows7 lots · lightest first
Stock Cows	—	Medium and Large 1-2	1,061	213.98/cwt	185.00–250.00	2,270	8
Stock Cows	—	Medium and Large 1	1,136	228.80/cwt	220.00–260.00	2,599	4
Stock Cows	—	Medium and Large 1	1,150	212.78/cwt	204.00–220.00	2,447	20
Stock Cows	—	Medium and Large 2	1,150	172.00/cwt	172.00–172.00	1,978	2
Stock Cows	—	Medium and Large 1Fleshy	1,255	177.00/cwt	177.00–177.00	2,221	3
Stock Cows	—	Medium and Large 1-2Fleshy	1,285	175.00/cwt	175.00–175.00	2,249	1
Stock Cows	—	Medium and Large 1	1,363	169.28/cwt	167.00–175.00	2,307	27
Replacement Cattle · Cow-Calf Pairs1 lot · lightest first
Cow-Calf Pairs	—	Medium and Large 1-2	1,354	3,400.00/head	3,400.00–3,400.00	3,400	5
Replacement Cattle · Heifer Pairs1 lot · lightest first
Heifer Pairs	—	Medium and Large 1-2	1,092	3,200.00/head	3,200.00–3,200.00	3,200	3

This sale against other markets

Montana weighted averages

One sale is one barn on one day. The state ladder is every Montana auction USDA reported that week, weighted by head — the fairer test of whether a lot sold well.

Montana feeder prices, every weight →Every state and region →

Billings Livestock Commission Cattle Auction - Billings, MT (Thu)

Thu Sep 3, 2026

USDA Livestock, Poultry & Grain Market News · Federal-State Market News Service, Billings, MT (LS-BL)

Feeder CattleReceipts 414Last week 655Year ago 1,337

Slaughter CattleReceipts 295Last week 349Year ago 270

Replacement CattleReceipts 88Last week 74Year ago 22

Feeder Cattle

As reported

Head	Wt range	Avg wt	Price range	Avg price
Steers — Medium and Large 1-2 · Unweaned$ per cwt · actual wt
4	150–200	186	700.00–730.00	706.65
2	350–400	380	490.00	490.00
3	450–500	460	445.00	445.00

Head	Wt range	Avg wt	Price range	Avg price
Steers — Medium and Large 2 · Unweaned$ per cwt · actual wt
6	400–450	443	405.00	405.00

Head	Wt range	Avg wt	Price range	Avg price
Steers — Large 1 · Unweaned$ per cwt · actual wt
3	450–500	455	440.00	440.00

Head	Wt range	Avg wt	Price range	Avg price
Steers — Medium 1 · Full$ per cwt · actual wt
4	650–700	656	350.00	350.00

Head	Wt range	Avg wt	Price range	Avg price
Steers — Medium 1-2$ per cwt · actual wt
9	650–700	671	345.00	345.00

Head	Wt range	Avg wt	Price range	Avg price
Steers — Large 1$ per cwt · actual wt
5	1100–1150	1,146	290.00	290.00

Head	Wt range	Avg wt	Price range	Avg price
Steers — Medium and Large 1 · Unweaned$ per cwt · actual wt
4	200–250	226	675.00	675.00
33	450–500	484	435.00–470.00	441.94
4	550–600	576	387.50	387.50

Head	Wt range	Avg wt	Price range	Avg price
Steers — Medium and Large 1-2$ per cwt · actual wt
2	750–800	773	345.00	345.00
2	900–950	933	320.00	320.00

Head	Wt range	Avg wt	Price range	Avg price
Steers — Medium and Large 1$ per cwt · actual wt
4	750–800	778	350.00	350.00
20	850–900	870	332.00–341.00	338.70
12	950–1000	991	311.00	311.00
4	1000–1050	1,010	305.00	305.00

Head	Wt range	Avg wt	Price range	Avg price
Heifers — Large 1$ per cwt · actual wt
34	1050–1100	1,072	277.00–286.00	283.13
7	1100–1150	1,121	268.00–275.00	271.04
11	1150–1200	1,168	265.00	265.00

Head	Wt range	Avg wt	Price range	Avg price
Heifers — Large 1 · Fancy$ per cwt · actual wt
6	1050–1100	1,066	292.50	292.50

Head	Wt range	Avg wt	Price range	Avg price
Heifers — Medium and Large 1-2 · Unweaned$ per cwt · actual wt
2	500–550	528	367.50	367.50

Head	Wt range	Avg wt	Price range	Avg price
Heifers — Medium and Large 2 · Unweaned$ per cwt · actual wt
3	350–400	392	380.00	380.00

Head	Wt range	Avg wt	Price range	Avg price
Heifers — Medium and Large 1$ per cwt · actual wt
31	800–850	837	330.00	330.00
21	900–950	915	313.50	313.50
9	950–1000	973	294.00–296.00	295.32
13	1000–1050	1,017	285.00–296.00	290.09

Head	Wt range	Avg wt	Price range	Avg price
Heifers — Medium and Large 1-2$ per cwt · actual wt
5	700–750	707	320.00–322.50	321.98
12	750–800	773	317.50–330.00	323.82
4	900–950	920	302.00–305.00	303.49

Head	Wt range	Avg wt	Price range	Avg price
Heifers — Medium and Large 1 · Unweaned$ per cwt · actual wt
2	100–150	125	920.00	920.00
3	200–250	217	600.00	600.00
8	400–450	439	415.00–422.50	420.67
7	450–500	483	400.00–405.00	403.63
8	500–550	503	372.50	372.50

Head	Wt range	Avg wt	Price range	Avg price
Bulls — Large 1$ per cwt · actual wt
1	1100–1150	1,105	265.00	265.00
2	1200–1250	1,205	242.00	242.00
2	1250–1300	1,270	223.00	223.00

Head	Wt range	Avg wt	Price range	Avg price
Bulls — Medium and Large 1 · Unweaned$ per cwt · actual wt
3	200–250	225	670.00	670.00
6	250–300	294	565.00	565.00
2	400–450	438	490.00	490.00

Replacement Cattle

As reported

Age	Stage	Head	Wt range	Avg wt	Price range	Avg price
Stock Cows — Medium and Large 2$ per cwt · actual wt
Young (2-4 yrs)	Open	2	—	1,150	172.00	172.00

Age	Stage	Head	Wt range	Avg wt	Price range	Avg price
Stock Cows — Medium and Large 1$ per cwt · actual wt
Young (2-4 yrs)	Open	20	—	1,150	204.00–220.00	212.78
Middle Aged/Aged (>5 yrs)	Open	27	—	1,363	167.00–175.00	169.28
(<2 yrs)	Open	4	—	1,136	220.00–260.00	228.80

Age	Stage	Head	Wt range	Avg wt	Price range	Avg price
Stock Cows — Medium and Large 1-2$ per cwt · actual wt
Young (2-4 yrs)	Open	8	—	1,061	185.00–250.00	213.98

Age	Stage	Head	Wt range	Avg wt	Price range	Avg price
Stock Cows — Medium and Large 1-2 · Fleshy$ per cwt · actual wt
(<2 yrs)	Open	1	—	1,285	175.00	175.00

Age	Stage	Head	Wt range	Avg wt	Price range	Avg price
Stock Cows — Medium and Large 1 · Fleshy$ per cwt · actual wt
(<2 yrs)	Open	3	—	1,255	177.00	177.00

Age	Stage	Head	Wt range	Avg wt	Price range	Avg price
Cow-Calf Pairs — Medium and Large 1-2$ per head · actual wt
Young (2-4 yrs)	Open	5	—	1,354	3,400.00	3,400.00

Age	Stage	Head	Wt range	Avg wt	Price range	Avg price
Heifer Pairs — Medium and Large 1-2$ per head · actual wt
Young (2-4 yrs)	Open	3	—	1,092	3,200.00	3,200.00

Slaughter Cattle

As reported

Head	Wt range	Avg wt	Price range	Avg price
Bulls — Return to Feed$ per cwt · actual wt
7	—	1,497	157.00–173.00	168.44
4	—	1,573	177.00–183.00	178.29

Head	Wt range	Avg wt	Price range	Avg price
Bulls$ per cwt · actual wt
13	—	1,955	186.00–194.00	190.07
21	—	1,753	151.00–174.00	167.33
22	—	1,969	176.00–187.00	181.26

Head	Wt range	Avg wt	Price range	Avg price
Bulls — Light Weight$ per cwt · actual wt
1	—	1,365	182.00	182.00

Head	Wt range	Avg wt	Price range	Avg price
Cows — Boner 80-85% · Return to Feed$ per cwt · actual wt
5	—	1,333	166.00–172.00	168.72
8	—	1,347	143.00–152.00	148.04
70	—	1,375	158.00–165.00	160.97

Head	Wt range	Avg wt	Price range	Avg price
Cows — Breaker 75-80% · Return to Feed$ per cwt · actual wt
9	—	1,566	151.50–159.00	154.15
7	—	1,578	135.00–151.50	144.33
5	—	1,464	164.00	164.00

Head	Wt range	Avg wt	Price range	Avg price
Cows — Boner 80-85%$ per cwt · actual wt
5	—	1,119	126.00–135.00	128.38
4	—	1,434	140.00–149.00	143.53

Head	Wt range	Avg wt	Price range	Avg price
Cows — Lean 85-90% · Return to Feed$ per cwt · actual wt
22	—	1,162	139.00–145.00	142.00
10	—	1,195	163.50–171.00	165.61
14	—	1,173	151.00–161.00	153.74

Head	Wt range	Avg wt	Price range	Avg price
Cows — Lean 85-90%$ per cwt · actual wt
2	—	1,215	140.00	140.00
10	—	1,230	120.00–139.00	127.26
2	—	978	102.50	102.50

Head	Wt range	Avg wt	Price range	Avg price
Cows — Breaker 75-80%$ per cwt · actual wt
10	—	1,662	151.00	151.00
12	—	1,655	133.50–138.00	135.35
6	—	1,677	141.00–146.00	144.22

Head	Wt range	Avg wt	Price range	Avg price
Dairy Cows — Lean 85-90%$ per cwt · actual wt
1	—	1,200	117.50	117.50

Head, weight ranges, average weights and price ranges are exactly as USDA AMS filed them — nothing recomputed, nothing rounded — in USDA's own reporting structure. This is RaisedBeef's rendering of that data, not a copy of USDA's document.