Sale reports / Montana / Billings Livestock Commission / 2026-11-12

Billings Livestock Commission

Name: Billings Livestock Commission livestock auction prices — 2026-11-12
Creator: RaisedBeef
Published: 2026-11-12

Feeder Cattle · Billings, Montana · Thu, Nov 12

● Final77 lots reportedUSDA AMS · slug 1777

← Nov 5Nov 12latest

Receipts

4,546 head

▲ 559 vs last sale 3,987▲ 564 vs year ago 3,982 · +14.2%

Also sold here(Mon)Mon Nov 9, 2026

View

Reporter comment USDA

As filed

Compared to last sale (11-05-26): Yearling cattle were too lightly tested to develop an accurate market trend, however higher undertones were noticed on both steers and heifers. Steer calves under 400 lbs were too lightly tested last week to develop an accurate market trend, however sharply higher undertones were noticed. Steer calves 400-499 lbs sold mostly 20.00-25.00 higher; 500-649 lbs sold mostly steady to 10.00 higher; steer calves 650-699 lbs sold 10.00-15.00 higher; steer calves over 700 lbs were too lightly tested to develop an accurate market trend, however steady undertones were noticed. Heifer calves under 450 lbs were too lightly tested last week to develop an accurate market trend, however sharply higher undertones were noticed; Heifer calves 450-499 lbs sold mostly 15.00 higher; heifers 500-599 lbs sold mostly steady to 5.00 higher; 600-649 lbs heifers sold mostly 10.00 higher; heifers over 650 lbs were too lightly tested to develop an accurate market trend, however steady undertones were noticed. Calves were offered in a variety of package sizes this week, with several load lots seen. A few sets of reputation calves were seen this week with buyers getting a shot at every calf in their 2026 calf crop. These offerings sold on very good demand. Many cutbacks continue to be seen off summer video sales. These offerings sold mostly in small to moderate size packages and sold with moderate to good demand. Plain to average quality cattle sold on stronger demand this week. Cattle were also fresher appearing this week with most of the offerings coming fresh off the cow. Weaned offerings sold with light to moderate demand. Many of these offerings were very full, especially calves weaned less than 45 days. CME positions continue to rebound after last weeks sell off. Feeder cattle contracts sold with strong triple digit gains again today with all contracts 3.00 to 4.00 higher. Market activity was mostly active with a large buying pool noticed. More buyers were present this week compared to last week. Billings livestock commission will not sale cows or bulls again this fall on Thursdays. Cows will be sold on Mondays during the fall run.

Weight class — the figures below change to match

Weight classPick one — the panels below update

Steers · summary 500–600 lb

Weighted average of every reported lot

500–600 lb steers averaged $438.12/cwt on 865 head, up $8.21 from the prior sale. That ranks 13 of 23 comparable sales and sits +0.58 against this barn's trailing median of $437.54.

Average price

$438.12

▲ 8.21 vs prior sale

865 head · 557 lb average

Value per head Derived

$2,441

Price × average weight ÷ 100

Grade differential Derived

$176

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

$54.95/cwt at this weight

vs the market

+5.57

vs MT average

+19.48 vs national

Price by quality 500–600 lb

Frame and muscle grade

Frame / muscle	Avg wt	$/cwt	$/head	Head
Medium and Large 1	556	439.78	2,446	833
Large 1	547	425.00	2,325	8thin
Medium and Large 1-2	590	384.84	2,271	24

One grade step is worth $54.95/cwt here — about $176 a head. Across this sale the premium is widest at 300–400 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 sale865 hd

438.12

—

MT average3 barns · 1,521 hd

432.55

+5.57

National average131 barns · 16,955 hd

418.64

+19.48

This barn, trailing median23 sales

437.54

+0.58

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

Steers 500–600 lb: high $525.97, low $398.08, median $437.54 across 23 sales. Sales under 10 head in this class are excluded, so a thin day cannot swing the median or the ranking.

Every lot

77 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 · Steers33 lots · lightest first
Steers	200–250	Medium and Large 2Unweaned	246	655.00/cwt	655.00–655.00	1,611	7
Steers	300–350	Medium and Large 1-2Unweaned	319	579.41/cwt	570.00–600.00	1,848	3
Steers	300–350	Medium and Large 1Unweaned	336	645.29/cwt	620.00–655.00	2,168	12
Steers	350–400	Medium and Large 2Unweaned	360	470.00/cwt	470.00–470.00	1,692	3
Steers	350–400	Medium and Large 1Unweaned	378	606.96/cwt	592.50–627.50	2,294	69
Steers	350–400	Medium and Large 1-2Unweaned	386	547.64/cwt	530.00–560.00	2,114	23
Steers	400–450	Large 1Unweaned	410	500.00/cwt	500.00–500.00	2,050	2
Steers	400–450	Medium and Large 1	420	554.79/cwt	552.50–565.00	2,330	26
Steers	400–450	Medium and Large 1-2Unweaned	423	503.11/cwt	495.00–525.00	2,128	15
Steers	400–450	Medium and Large 1Unweaned	427	536.47/cwt	517.00–585.00	2,291	102
Steers	400–450	Medium and Large 1-2	445	520.00/cwt	520.00–520.00	2,314	3
Steers	450–500	Medium and Large 1Unweaned	469	508.65/cwt	480.00–518.00	2,386	360
Steers	450–500	Medium and Large 1	480	486.02/cwt	477.00–492.50	2,333	44
Steers	450–500	Medium and Large 2Unweaned	490	375.00/cwt	375.00–375.00	1,838	7
Steers	450–500	Medium and Large 1-2Unweaned	493	470.00/cwt	470.00–470.00	2,317	5
Steers	500–550	Medium and Large 1	502	467.19/cwt	465.00–467.50	2,345	16
Steers	500–550	Medium and Large 1Unweaned	539	450.99/cwt	442.50–475.00	2,431	218
Steers	500–550	Medium and Large 1-2Unweaned	545	425.00/cwt	425.00–425.00	2,316	1
Steers	500–550	Large 1Unweaned	547	425.00/cwt	425.00–425.00	2,325	8
Steers	550–600	Medium and Large 1Unweaned	564	434.97/cwt	405.00–449.00	2,453	599
Steers	550–600	Medium and Large 1-2Unweaned	592	383.09/cwt	381.00–391.00	2,268	23
Steers	600–650	Medium and Large 1Full	600	366.00/cwt	366.00–366.00	2,196	11
Steers	600–650	Medium and Large 1Unweaned	625	399.32/cwt	388.00–408.50	2,496	307
Steers	600–650	Medium and Large 2Unweaned	640	330.00/cwt	330.00–330.00	2,112	4
Steers	600–650	Medium and Large 1-2Unweaned	642	382.29/cwt	365.00–384.00	2,454	54
Steers	650–700	Medium and Large 2Unweaned	653	332.00/cwt	332.00–332.00	2,168	6
Steers	650–700	Medium and Large 1Unweaned	677	372.33/cwt	363.00–385.00	2,521	194
Steers	650–700	Medium and Large 1-2Unweaned	687	347.06/cwt	340.00–361.00	2,384	9
Steers	700–750	Large 1Unweaned	705	321.00/cwt	321.00–321.00	2,263	7
Steers	700–750	Medium and Large 1Full	721	343.35/cwt	339.00–345.00	2,476	30
Steers	700–750	Medium and Large 1Unweaned	733	348.01/cwt	346.00–350.00	2,551	30
Steers	750–800	Medium and Large 1Unweaned	764	340.00/cwt	340.00–340.00	2,598	14
Steers	800–850	Medium and Large 1Full	848	340.00/cwt	340.00–340.00	2,883	9
Feeder Cattle · Heifers39 lots · lightest first
Heifers	200–250	Medium and Large 1Unweaned	225	675.00/cwt	675.00–675.00	1,519	1
Heifers	250–300	Medium and Large 1Unweaned	275	605.00/cwt	605.00–605.00	1,664	1
Heifers	300–350	Medium and Large 1-2Unweaned	340	512.50/cwt	512.50–512.50	1,743	8
Heifers	350–400	Medium and Large 1Unweaned	360	535.00/cwt	535.00–535.00	1,926	11
Heifers	350–400	Medium 1	379	485.00/cwt	485.00–485.00	1,838	25
Heifers	350–400	Medium and Large 1-2Unweaned	399	460.00/cwt	440.00–480.00	1,835	8
Heifers	400–450	Medium and Large 1Unweaned	418	490.54/cwt	442.50–525.00	2,050	159
Heifers	400–450	Medium and Large 1-2Unweaned	425	426.74/cwt	420.00–440.00	1,814	33
Heifers	400–450	Medium and Large 1	435	445.87/cwt	440.00–470.00	1,940	15
Heifers	400–450	Large 1Unweaned	435	405.00/cwt	405.00–405.00	1,762	4
Heifers	400–450	Medium 1Unweaned	437	421.19/cwt	417.50–430.00	1,841	23
Heifers	450–500	Medium and Large 1Unweaned	473	444.53/cwt	410.00–466.50	2,103	224
Heifers	450–500	Medium and Large 1-2Unweaned	474	387.94/cwt	380.00–400.00	1,839	10
Heifers	450–500	Medium and Large 1-2	480	417.50/cwt	417.50–417.50	2,004	5
Heifers	450–500	Medium and Large 1	481	416.71/cwt	410.00–422.50	2,004	24
Heifers	450–500	Medium 1Unweaned	488	398.00/cwt	398.00–398.00	1,942	37
Heifers	450–500	Medium 1	496	375.00/cwt	375.00–375.00	1,860	8
Heifers	500–550	Medium and Large 1	503	390.00/cwt	390.00–390.00	1,962	9
Heifers	500–550	Medium and Large 1-2Unweaned	514	370.55/cwt	345.00–385.00	1,905	82
Heifers	500–550	Medium and Large 1-2	523	385.00/cwt	385.00–385.00	2,014	9
Heifers	500–550	Medium and Large 1Unweaned	530	397.30/cwt	387.00–410.00	2,106	188
Heifers	550–600	Large 1Unweaned	550	345.00/cwt	345.00–345.00	1,898	6
Heifers	550–600	Medium and Large 1	568	386.00/cwt	386.00–386.00	2,192	53
Heifers	550–600	Medium and Large 1-2Unweaned	568	343.41/cwt	320.00–362.50	1,951	18
Heifers	550–600	Medium and Large 1Unweaned	585	366.46/cwt	347.50–386.00	2,144	205
Heifers	600–650	Medium and Large 1	609	345.00/cwt	345.00–345.00	2,101	15
Heifers	600–650	Medium and Large 1-2Unweaned	615	337.19/cwt	329.00–342.50	2,074	19
Heifers	600–650	Medium and Large 1Unweaned	623	347.40/cwt	342.00–357.50	2,164	153
Heifers	650–700	Medium and Large 1Unweaned	669	336.68/cwt	332.00–341.00	2,252	65
Heifers	650–700	Medium 1	679	318.19/cwt	315.00–321.00	2,161	21
Heifers	650–700	Medium and Large 1-2Unweaned	681	319.41/cwt	310.00–329.00	2,175	10
Heifers	700–750	Medium and Large 1Unweaned	749	315.00/cwt	315.00–315.00	2,359	4
Heifers	800–850	Medium and Large 1Thin Fleshed	803	354.50/cwt	354.50–354.50	2,847	48
Heifers	850–900	Medium and Large 1	897	319.00/cwt	319.00–319.00	2,861	13
Heifers	900–950	Medium and Large 1-2	920	301.19/cwt	299.00–304.00	2,771	7
Heifers	1000–1050	Medium and Large 1	1,035	286.50/cwt	286.50–286.50	2,965	15
Heifers	1050–1100	Large 1	1,050	281.00/cwt	281.00–281.00	2,951	3
Heifers	1150–1200	Large 1	1,150	255.00/cwt	255.00–255.00	2,933	15
Heifers	1200–1250	Large 1	1,224	254.00/cwt	254.00–254.00	3,109	7
Feeder Cattle · Bulls5 lots · lightest first
Bulls	350–400	Medium and Large 1-2Unweaned	387	540.00/cwt	540.00–540.00	2,090	3
Bulls	450–500	Medium and Large 1Unweaned	476	482.50/cwt	482.50–482.50	2,297	8
Bulls	550–600	Medium and Large 1Unweaned	571	430.00/cwt	430.00–430.00	2,455	4
Bulls	550–600	Medium and Large 1-2Unweaned	572	352.50/cwt	352.50–352.50	2,016	15
Bulls	600–650	Medium and Large 1Unweaned	615	347.48/cwt	342.00–355.00	2,137	23

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 Nov 12, 2026

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

Receipts 4,546Last week 3,987Year ago 3,982

Feeder Cattle

As reported

Head	Wt range	Avg wt	Price range	Avg price
Heifers — Large 1 · Unweaned$ per cwt · actual wt
4	400–450	435	405.00	405.00
6	550–600	550	345.00	345.00

Head	Wt range	Avg wt	Price range	Avg price
Heifers — Large 1$ per cwt · actual wt
3	1050–1100	1,050	281.00	281.00
15	1150–1200	1,150	255.00	255.00
7	1200–1250	1,224	254.00	254.00

Head	Wt range	Avg wt	Price range	Avg price
Heifers — Medium and Large 1-2 · Unweaned$ per cwt · actual wt
8	300–350	340	512.50	512.50
8	350–400	399	440.00–480.00	460.00
33	400–450	425	420.00–440.00	426.74
10	450–500	474	380.00–400.00	387.94
82	500–550	514	345.00–385.00	370.55
18	550–600	568	320.00–362.50	343.41
19	600–650	615	329.00–342.50	337.19
10	650–700	681	310.00–329.00	319.41

Head	Wt range	Avg wt	Price range	Avg price
Heifers — Medium and Large 1-2$ per cwt · actual wt
5	450–500	480	417.50	417.50
9	500–550	523	385.00	385.00
7	900–950	920	299.00–304.00	301.19

Head	Wt range	Avg wt	Price range	Avg price
Heifers — Medium and Large 1 · Unweaned$ per cwt · actual wt
1	200–250	225	675.00	675.00
1	250–300	275	605.00	605.00
11	350–400	360	535.00	535.00
159	400–450	418	442.50–525.00	490.54
224	450–500	473	410.00–466.50	444.53
188	500–550	530	387.00–410.00	397.30
205	550–600	585	347.50–386.00	366.46
153	600–650	623	342.00–357.50	347.40
65	650–700	669	332.00–341.00	336.68
4	700–750	749	315.00	315.00

Head	Wt range	Avg wt	Price range	Avg price
Heifers — Medium 1$ per cwt · actual wt
25	350–400	379	485.00	485.00
8	450–500	496	375.00	375.00
21	650–700	679	315.00–321.00	318.19

Head	Wt range	Avg wt	Price range	Avg price
Heifers — Medium 1 · Unweaned$ per cwt · actual wt
23	400–450	437	417.50–430.00	421.19
37	450–500	488	398.00	398.00

Head	Wt range	Avg wt	Price range	Avg price
Heifers — Medium and Large 1$ per cwt · actual wt
15	400–450	435	440.00–470.00	445.87
24	450–500	481	410.00–422.50	416.71
9	500–550	503	390.00	390.00
53	550–600	568	386.00	386.00
15	600–650	609	345.00	345.00
13	850–900	897	319.00	319.00
15	1000–1050	1,035	286.50	286.50

Head	Wt range	Avg wt	Price range	Avg price
Heifers — Medium and Large 1 · Thin Fleshed$ per cwt · actual wt
48	800–850	803	354.50	354.50

Head	Wt range	Avg wt	Price range	Avg price
Steers — Large 1 · Unweaned$ per cwt · actual wt
2	400–450	410	500.00	500.00
8	500–550	547	425.00	425.00
7	700–750	705	321.00	321.00

Head	Wt range	Avg wt	Price range	Avg price
Steers — Medium and Large 2 · Unweaned$ per cwt · actual wt
7	200–250	246	655.00	655.00
3	350–400	360	470.00	470.00
7	450–500	490	375.00	375.00
4	600–650	640	330.00	330.00
6	650–700	653	332.00	332.00

Head	Wt range	Avg wt	Price range	Avg price
Steers — Medium and Large 1-2 · Unweaned$ per cwt · actual wt
3	300–350	319	570.00–600.00	579.41
23	350–400	386	530.00–560.00	547.64
15	400–450	423	495.00–525.00	503.11
5	450–500	493	470.00	470.00
1	500–550	545	425.00	425.00
23	550–600	592	381.00–391.00	383.09
54	600–650	642	365.00–384.00	382.29
9	650–700	687	340.00–361.00	347.06

Head	Wt range	Avg wt	Price range	Avg price
Steers — Medium and Large 1-2$ per cwt · actual wt
3	400–450	445	520.00	520.00

Head	Wt range	Avg wt	Price range	Avg price
Steers — Medium and Large 1 · Full$ per cwt · actual wt
11	600–650	600	366.00	366.00
30	700–750	721	339.00–345.00	343.35
9	800–850	848	340.00	340.00

Head	Wt range	Avg wt	Price range	Avg price
Steers — Medium and Large 1$ per cwt · actual wt
26	400–450	420	552.50–565.00	554.79
44	450–500	480	477.00–492.50	486.02
16	500–550	502	465.00–467.50	467.19

Head	Wt range	Avg wt	Price range	Avg price
Steers — Medium and Large 1 · Unweaned$ per cwt · actual wt
12	300–350	336	620.00–655.00	645.29
69	350–400	378	592.50–627.50	606.96
102	400–450	427	517.00–585.00	536.47
360	450–500	469	480.00–518.00	508.65
218	500–550	539	442.50–475.00	450.99
599	550–600	564	405.00–449.00	434.97
307	600–650	625	388.00–408.50	399.32
194	650–700	677	363.00–385.00	372.33
30	700–750	733	346.00–350.00	348.01
14	750–800	764	340.00	340.00

Head	Wt range	Avg wt	Price range	Avg price
Bulls — Medium and Large 1-2 · Unweaned$ per cwt · actual wt
3	350–400	387	540.00	540.00
15	550–600	572	352.50	352.50

Head	Wt range	Avg wt	Price range	Avg price
Bulls — Medium and Large 1 · Unweaned$ per cwt · actual wt
8	450–500	476	482.50	482.50
4	550–600	571	430.00	430.00
23	600–650	615	342.00–355.00	347.48

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.