Sale reports / Montana / Miles City Livestock Commission / 2020-03-24

Miles City Livestock Commission

Feeder Cattle · Slaughter Cattle · Replacement Cattle · Miles City, Montana · Tue, Mar 24
● Final41 lots reportedUSDA AMS · slug 1773
Feeder Cattle receipts
737 head
▼ 174 vs last sale 911▲ 737 vs year ago 0 · no sale a year ago
Slaughter Cattle receipts
85 head
▲ 55 vs last sale 30▲ 85 vs year ago 0 · no sale a year ago
Replacement Cattle receipts
100 head
▲ 21 vs last sale 79▲ 100 vs year ago 0 · no sale a year ago
View

Reporter comment USDA

As filed

Compared to last sale: Steers 450-699 lbs sold steady to 10.00 higher in a narrow comparison. Feeder heifers under 500 lbs were too lightly tested to develop an accurate market trend, however higher to sharply higher undertones were noticed, 500-549 lbs heifers sold generally steady in a narrow comparison, heifers over 550 lbs sold mostly 4.00-8.00 higher. Quality this week was average to attractive. Demand was mostly moderate to good. Demand for grass cattle improved slightly as CME positions have pushed higher in recent days. Live cattle prices have pushed significantly higher driven mostly by significantly higher retail demand and boxed beef prices. Market activity this sale was moderate to active. Weigh up cows sold on mostly good demand for light offerings. Packers continue to show very good demand for cows for immediate harvest. Slaughter cows sold mostly 5.00-7.00 higher on lean cows all other classes of slaughter cows were too lightly tested to develop an accurate market trend, however higher undertones were noticed. Feeding cow demand was mostly good this sale as feeders pushed packer buyers on fleshy high quality offerings. Feeding cows were too lightly tested to trend, however higher undertones were noticed. Slaughter bulls sold mostly 2.00-4.00 higher in a narrow comparison. Young age cows suitable to feed or re-breed were too lightly tested last week to develop an accurate market trend, however higher undertones were noticed.

Weight classPick one — the panels below update

Steers · summary 0–100 lb

Weighted average of every reported lot
0–100 lb steers averaged $170.18/cwt on 381 head.
Average price
$170.18
381 head · 583 lb average
Value per head Derived
$992
Price × average weight ÷ 100
Grade differential Derived
−$44
per head · Medium and Large 1 over Large 1
$29.52/cwt at this weight
vs the market
+1.57
vs MT average

Price by quality 0–100 lb

Frame and muscle grade
Frame / muscleAvg wt$/cwt$/headHead
Medium and Large 1580171.77995345
Medium and Large 1-2537164.1488121
Large 1731142.251,04015thin
One grade step is worth $29.52/cwt here — about −$44 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 sale381 hd
170.18
—
MT average3 barns · 430 hd
168.61
+1.57
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—Low1,56281.141,26715
CowsBreaker 75-80%Low1,54870.811,09612
CowsBoner 80-85%Low1,41766.4094110
CowsLean 85-90%Very Low1,13460.6968835

Every lot

41 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 · Steers11 lots · lightest first
Steers—Medium and Large 1-2412186.00/cwt186.00–186.007663
Steers—Medium and Large 1448187.50/cwt187.50–187.508403
Steers—Medium and Large 1-2470170.00/cwt170.00–170.007992
Steers—Medium and Large 1495184.75/cwt184.75–184.7591525
Steers—Medium and Large 1529182.32/cwt182.00–185.00964106
Steers—Medium and Large 1-2564159.73/cwt156.50–162.5090115
Steers—Medium and Large 1579167.85/cwt167.50–173.0097276
Steers—Medium and Large 1626167.22/cwt152.00–167.501,047106
Steers—Medium and Large 1-2640153.00/cwt153.00–153.009791
Steers—Medium and Large 1682147.25/cwt146.50–154.001,00429
Steers—Large 1731142.25/cwt142.25–142.251,04015
Feeder Cattle · Heifers9 lots · lightest first
Heifers—Medium and Large 1-2396175.00/cwt175.00–175.006936
Heifers—Medium and Large 1429178.89/cwt172.00–183.5076717
Heifers—Medium and Large 1465167.87/cwt167.50–169.007814
Heifers—Medium and Large 1-2533154.00/cwt154.00–154.008214
Heifers—Medium and Large 1542156.50/cwt156.50–156.5084864
Heifers—Medium and Large 1562157.99/cwt154.00–159.0088897
Heifers—Medium and Large 1624144.36/cwt144.00–145.0090151
Heifers—Medium and Large 1665137.15/cwt136.50–144.5091237
Heifers—Medium and Large 1-2685129.00/cwt129.00–129.008845
Feeder Cattle · Bulls2 lots · lightest first
Bulls—Medium and Large 1-294087.00/cwt87.00–87.008181
Bulls—Large 1-21,05084.50/cwt84.50–84.508871
Slaughter Cattle · Bulls2 lots · lightest first
Bulls——1,51678.08/cwt71.00–80.501,1849
Bulls——1,63085.72/cwt79.00–91.001,3976
Slaughter Cattle · Cows9 lots · lightest first
Cows—Lean 85-90%Light Weight83044.00/cwt44.00–44.003651
Cows—Lean 85-90%Light Weight94557.45/cwt56.00–60.005435
Cows—Lean 85-90%1,14359.91/cwt55.00–63.2568518
Cows—Lean 85-90%1,19051.75/cwt51.50–52.006162
Cows—Lean 85-90%1,24267.88/cwt67.00–68.508439
Cows—Boner 80-85%1,41667.35/cwt64.00–70.509548
Cows—Boner 80-85%1,42062.58/cwt61.00–64.008892
Cows—Breaker 75-80%1,53471.20/cwt70.25–72.001,09211
Cows—Breaker 75-80%1,70066.50/cwt66.50–66.501,1311
Replacement Cattle · Stock Cows6 lots · lightest first
Stock Cows—Medium and Large 1-276581.00/cwt81.00–81.006201
Stock Cows—Medium and Large 1-288064.00/cwt64.00–64.005631
Stock Cows—Medium and Large 199772.47/cwt67.50–80.0072324
Stock Cows—Medium and Large 11,03580.24/cwt71.00–93.0083021
Stock Cows—Medium and Large 11,33065.50/cwt65.50–65.508713
Stock Cows—Medium and Large 11,41868.00/cwt68.00–68.009646
Replacement Cattle · Bred Cows2 lots · lightest first
Bred Cows—Medium and Large 1Thin Fleshed1,248850.00/cwt850.00–850.0010,6085
Bred Cows—Medium and Large 11,3481,205.95/cwt1,150.00–1,300.0016,2567

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.