Sale reports / Montana / Miles City Livestock Commission / 2020-02-25

Miles City Livestock Commission

Feeder Cattle · Slaughter Cattle · Replacement Cattle · Miles City, Montana · Tue, Feb 25
● Final38 lots reportedUSDA AMS · slug 1773
Feeder Cattle receipts
507 head
▼ 1,165 vs last sale 1,672▲ 507 vs year ago 0 · no sale a year ago
Slaughter Cattle receipts
140 head
▼ 55 vs last sale 195▲ 140 vs year ago 0 · no sale a year ago
Replacement Cattle receipts
144 head
▼ 320 vs last sale 464▲ 144 vs year ago 0 · no sale a year ago
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Reporter comment USDA

As filed

Compared to last sale: Steer calves 600-649 lbs sold mostly steady to firm, all other weights of steers were too lightly tested to develop an accurate market trend, however steady to firm undertones were noticed. Feeder heifers 500-649 lbs sold generally steady this week. All other classes of heifers were too lightly tested either this week or last to develop an accurate market trend, however higher undertones were noticed on heifers weighing less than 500 lbs and lower undertones were noticed on heifers over 650 lbs. Quality this week was average to attractive. Demand was mostly mixed for light offerings. Demand for grass cattle remains mostly good while demand for heavy weight cattle was mostly light this week. CME positions were sharply lower again today as commodity markets grapple the affects of COVID-19. Market activity was mostly moderate this week. Weigh up cows sold on mostly moderate demand for light to moderate offerings. Slaughter cows sold generally steady to weak. The majority of the cow offering was destined for immediate harvest this week. However, a limited portion of the offering was purchased to feed this week. No comparisons can be made as no cows were purchased to feed last week. Slaughter bulls were too lightly tested to develop an accurate market trend, however steady to weak undertones were noticed. Young age cows suitable to feed or re-breed were not well compared.

Weight classPick one — the panels below update

Heifers · summary 0–100 lb

Weighted average of every reported lot
0–100 lb heifers averaged $156.90/cwt on 250 head.
Average price
$156.90
250 head · 564 lb average
Value per head Derived
$885
Price × average weight ÷ 100
Grade differential Derived
−$162
per head · Medium and Large 1-2 over Medium and Large 1
$6.13/cwt at this weight
vs the market
+7.20
vs MT average

Price by quality 0–100 lb

Frame and muscle grade
Frame / muscleAvg wt$/cwt$/headHead
Medium and Large 1-2446162.907275thin
Medium and Large 1567156.77888245
One grade step is worth $6.13/cwt here — about −$162 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 sale250 hd
156.90
—
MT average3 barns · 2,674 hd
149.70
+7.20
A barn can sit above the state average at one weight and below it at another — check the class you actually sell.

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—Low1,59174.341,18325
CowsBoner 80-85%Low1,48458.128638thin
CowsBreaker 75-80%Low1,56054.008421thin
CowsLean 85-90%Low1,17053.1162191

Every lot

38 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 · Steers9 lots · lightest first
Steers—Medium and Large 1-2437187.17/cwt185.00–187.5081824
Steers—Medium and Large 1462188.47/cwt188.00–189.0087117
Steers—Medium and Large 1-2480183.50/cwt183.50–183.508817
Steers—Medium and Large 1521183.99/cwt183.25–186.0095931
Steers—Medium 1531171.00/cwt171.00–171.0090817
Steers—Medium and Large 1572166.61/cwt166.00–168.5095312
Steers—Medium and Large 1617161.76/cwt153.50–163.0099858
Steers—Medium and Large 1Fleshy625144.00/cwt144.00–144.009003
Steers—Medium and Large 1Unweaned687140.50/cwt140.50–140.5096511
Feeder Cattle · Heifers10 lots · lightest first
Heifers—Medium and Large 1-2380173.50/cwt173.50–173.506593
Heifers—Medium and Large 1399182.50/cwt182.50–182.507284
Heifers—Medium and Large 1442176.18/cwt174.00–177.0077922
Heifers—Medium and Large 1466173.61/cwt172.00–178.0080918
Heifers—Medium and Large 1529161.68/cwt156.00–166.0085561
Heifers—Medium and Large 1-2545147.00/cwt147.00–147.008012
Heifers—Medium and Large 1582155.73/cwt154.00–156.2590663
Heifers—Medium and Large 1618149.29/cwt134.00–154.0092357
Heifers—Medium and Large 1654134.40/cwt132.00–135.008795
Heifers—Medium and Large 1779121.58/cwt121.00–124.0094715
Slaughter Cattle · Bulls4 lots · lightest first
Bulls——Light Weight1,10561.50/cwt61.50–61.506801
Bulls——1,57276.75/cwt76.00–80.001,20711
Bulls——1,61372.35/cwt68.50–74.501,16712
Bulls——2,02084.50/cwt84.50–84.501,7071
Slaughter Cattle · Cows8 lots · lightest first
Cows—Lean 85-90%Light Weight97845.00/cwt45.00–45.004402
Cows—Lean 85-90%1,05841.50/cwt41.50–41.504392
Cows—Lean 85-90%1,16350.38/cwt45.00–54.2558637
Cows—Lean 85-90%1,18555.77/cwt55.00–57.0066149
Cows—Lean 85-90%1,26563.50/cwt63.50–63.508031
Cows—Boner 80-85%1,47859.59/cwt58.50–60.508816
Cows—Boner 80-85%1,50353.70/cwt51.50–55.508072
Cows—Breaker 75-80%1,56054.00/cwt54.00–54.008421
Replacement Cattle · Bred Cows3 lots · lightest first
Bred Cows—Medium and Large 1-2Broken Mouth1,25756.00/cwt56.00–56.007049
Bred Cows—Medium and Large 1-2Broken Mouth1,261898.03/cwt885.00–935.0011,32434
Bred Cows—Medium and Large 1Broken Mouth1,366969.27/cwt950.00–985.0013,2407
Replacement Cattle · Stock Cows4 lots · lightest first
Stock Cows—Medium and Large 1-277592.00/cwt92.00–92.007131
Stock Cows—Medium and Large 1872110.19/cwt106.50–112.0096119
Stock Cows—Medium and Large 11,16673.89/cwt63.75–92.0086263
Stock Cows—Medium and Large 11,32763.95/cwt61.00–65.008494

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.