Sale reports / Montana / Miles City Livestock Commission / 2019-05-14

Miles City Livestock Commission

Feeder Cattle · Slaughter Cattle · Replacement Cattle · Miles City, Montana · Tue, May 14
● Final52 lots reportedUSDA AMS · slug 1773
Feeder Cattle receipts
357 head
▼ 24 vs last sale 381▲ 357 vs year ago 0 · no sale a year ago
Slaughter Cattle receipts
190 head
▲ 75 vs last sale 115▲ 190 vs year ago 0 · no sale a year ago
Replacement Cattle receipts
1,108 head
▲ 644 vs last sale 464▲ 1,108 vs year ago 0 · no sale a year ago
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Reporter comment USDA

As filed

Compared to last week: Feeder steers and heifers were all to lightly tested to develop any market trend. Cattle were mostly offered in small packages and buyers were reluctant to start loads with limited offerings. Quality this week was mostly plain to average. Demand was mostly light on light offerings. CME positions continue to struggle again today as August through November all traded 0.60-0.875 lower, while January-May 2020 all sold with triple digit losses. The current May contract sold 0.95 higher. Market activity this week was slow. Weigh up cows sold on good to very good demand again this sale. Feeding buyers continue to be the driver in the market as they continue to fill pens with cows for late summer harvest. Packers also put some cows away on feed as cow prices are running higher than packers are willing to give for slaughter cows given current market conditions. Cow quality was mostly attractive to very attractive this week. Most cows are blemish free as many are simply open cull cows ranchers are selling after they have branded. Slaughter cows sold mostly 1.00-5.00 higher. Feeding cows sold mostly 1.00-4.00 higher. Slaughter bulls sold steady to firm. Weigh up conditions were mostly attractive to buyers this week as most cows have been eating fresh green grass and are yielding significantly higher than the last few weeks. Young age 2-3 year olds sold mostly 5.00-10.00 higher. Demand for re-breed cows pushed offerings higher this week as quality was mostly attractive. More market participants also helped give support to this class of cattle. Demand for these offerings was mostly moderate to good this week.

Weight classPick one — the panels below update

Bulls · summary 0–100 lb

Weighted average of every reported lot
0–100 lb bulls averaged $121.19/cwt on 223 head. That ranks 1 of 30 comparable sales and sits −77.46 against this barn's trailing median of $198.65.
Average price
$121.19
223 head · 887 lb average
Value per head Derived
$1,075
Price × average weight ÷ 100
Grade differential Derived
−$158
per head · Medium and Large 1 over Large 1
$6.85/cwt at this weight
vs the market
+8.70
vs MT average

Price by quality 0–100 lb

Frame and muscle grade
Frame / muscleAvg wt$/cwt$/headHead
Medium and Large 1878121.531,067212
Large 11,068114.681,22411thin
One grade step is worth $6.85/cwt here — about −$158 a head. Across this sale the premium is widest at 0–100 lb. USDA reports each grade on its own line and never publishes the spread.

How it compared 0–100 lb

Same class and week · spot auction only
This sale223 hd
121.19
—
MT average3 barns · 420 hd
112.49
+8.70
This barn, trailing median30 sales
198.65
−77.46
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 0–100 lb

30 sales
231205179153median 198.6503/0304/2106/1609/1511/03
Bulls 0–100 lb: high $217.49, low $166.80, median $198.65 across 30 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 · $/cwt
Cull cows and bulls are graded, not weight-classed — grade is what moves the money here.
ClassGradeDressingAvg wt$/cwt$/headHead
Bulls—Average1,88089.661,68544
CowsBreaker 75-80%High1,71575.501,2951thin
CowsPremium White 65-75%Average1,40573.211,02922
CowsBoner 80-85%Low1,45869.211,00913
CowsLean 85-90%Average1,09162.3168044

Every lot

52 lots · USDA AMS · Miles City Livestock Commission Auction - Miles City, MT
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.
ClassWeightGrade / descriptionAvg wtPriceRangePer headHead
Feeder Cattle · Heifers11 lots · lightest first
Heifers—Medium 1438160.00/cwt160.00–160.007014
Heifers—Medium 1-2481148.50/cwt148.50–148.507147
Heifers—Medium and Large 1-2516149.00/cwt149.00–149.007699
Heifers—Medium 1573139.50/cwt139.50–139.507994
Heifers—Medium 1625138.00/cwt138.00–138.008633
Heifers—Medium and Large 1638137.00/cwt137.00–137.008746
Heifers—Medium and Large 1668131.38/cwt130.00–132.0087810
Heifers—Medium and Large 1732125.12/cwt124.00–127.509163
Heifers—Medium and Large 1774122.00/cwt122.00–122.0094415
Heifers—Medium and Large 1818120.00/cwt120.00–120.009826
Heifers—Medium and Large 1850119.50/cwt119.50–119.501,0166
Feeder Cattle · Bulls8 lots · lightest first
Bulls—Medium and Large 1773128.50/cwt128.50–128.509936
Bulls—Medium and Large 1827126.50/cwt126.50–126.501,04678
Bulls—Medium and Large 1884119.11/cwt119.00–119.501,05368
Bulls—Medium and Large 1944117.09/cwt116.00–117.251,10556
Bulls—Medium and Large 1985117.50/cwt117.50–117.501,1574
Bulls—Large 1Fancy1,046121.50/cwt121.50–121.501,2718
Bulls—Large 11,06599.50/cwt99.50–99.501,0601
Bulls—Large 11,15595.00/cwt95.00–95.001,0972
Slaughter Cattle · Bulls6 lots · lightest first
Bulls——1,45278.83/cwt73.50–84.501,1457
Bulls——1,65084.50/cwt84.50–84.501,3941
Bulls——1,84487.61/cwt84.50–92.001,61614
Bulls——Natural1,86492.55/cwt88.00–95.001,7255
Bulls——2,06094.43/cwt93.00–97.001,9457
Bulls——Natural2,13395.86/cwt94.50–98.502,04510
Slaughter Cattle · Cows11 lots · lightest first
Cows—Lean 85-90%Light Weight78349.31/cwt46.00–53.003862
Cows—Lean 85-90%Light Weight91957.59/cwt55.50–59.005294
Cows—Lean 85-90%Light Weight98564.50/cwt64.50–64.506351
Cows—Lean 85-90%1,11360.09/cwt55.50–64.5066917
Cows—Lean 85-90%1,13365.97/cwt63.00–68.5074719
Cows—Lean 85-90%1,33573.00/cwt73.00–73.009751
Cows—Premium White 65-75%1,40573.21/cwt72.00–73.501,02922
Cows—Boner 80-85%1,44868.28/cwt63.50–70.509896
Cows—Boner 80-85%1,45872.40/cwt70.50–75.001,0565
Cows—Boner 80-85%1,48564.01/cwt63.50–64.509512
Cows—Breaker 75-80%1,71575.50/cwt75.50–75.501,2951
Replacement Cattle · Stock Cows9 lots · lightest first
Stock Cows—Medium and Large 1899110.05/cwt89.00–123.50989122
Stock Cows—Medium and Large 1-291583.00/cwt83.00–83.007591
Stock Cows—Medium and Large 1-296095.30/cwt89.00–95.7591521
Stock Cows—Medium and Large 11,10579.07/cwt69.00–98.0087479
Stock Cows—Medium and Large 1-21,14660.58/cwt60.00–62.006945
Stock Cows—Medium and Large 1-21,16565.00/cwt65.00–65.007571
Stock Cows—Medium and Large 11,28168.14/cwt63.50–73.5087372
Stock Cows—Medium and Large 11,28471.61/cwt66.00–75.0091983
Stock Cows—Medium and Large 11,37171.03/cwt64.50–74.50974176
Replacement Cattle · Cow-Calf Pairs4 lots · lightest first
Cow-Calf Pairs—Medium 19691,650.00/cwt1,650.00–1,650.0015,9895
Cow-Calf Pairs—Medium and Large 11,2731,800.00/cwt1,800.00–1,800.0022,91439
Cow-Calf Pairs—Medium and Large 1Broken Mouth1,3781,299.94/cwt1,275.00–1,310.0017,91360
Cow-Calf Pairs—Medium and Large 11,5821,800.00/cwt1,800.00–1,800.0028,4765
Replacement Cattle · Heifer Pairs3 lots · lightest first
Heifer Pairs—Medium 1-28691,525.00/cwt1,525.00–1,525.0013,2525
Heifer Pairs—Medium 19381,689.27/cwt1,675.00–1,700.0015,84516
Heifer Pairs—Medium and Large 1-29541,544.57/cwt1,535.00–1,550.0014,73511

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.