Sale reports / Montana / Miles City Livestock Commission / 2020-06-16

Miles City Livestock Commission

Feeder Cattle · Slaughter Cattle · Replacement Cattle · Miles City, Montana · Tue, Jun 16
● Final36 lots reportedUSDA AMS · slug 1773
Feeder Cattle receipts
206 head
▲ 34 vs last sale 172▲ 206 vs year ago 0 · no sale a year ago
Slaughter Cattle receipts
344 head
▲ 142 vs last sale 202▲ 344 vs year ago 0 · no sale a year ago
Replacement Cattle receipts
696 head
▼ 169 vs last sale 865▲ 696 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 both too lightly tested this sale to develop any market trend. Quality this week was mostly plain and offered in mostly small packages, or as singles. Demand was mostly light for light offerings. CME positions showed positive movement today as triple digit gains were seen on all contract months. Market activity was slow. Weigh up cows comprised the majority of the sale again this week. Ranchers continue to sell cull cows as branding season is beginning to wrap up. Cow quality this week was average to very attractive. Weigh up conditions were mixed. However, buyers showed good demand for cows offering above average weigh conditions. Demand for cows this week started the sale light to moderate, however by late morning demand improved drastically and ended the sale mostly moderate to good. Slaughter and feeding cows both sold unevenly steady as a result from 2.00 lower to 2.00 higher on all classes and ages. Slaughter bulls sold steady to weak. Young age cows suitable to feed or re-breed sold mostly 5.00-10.00 lower. Fewer and fewer re-breed buyers are left in the market and young age cows continue to slide lower as a result. Demand for large frame young cows remains good. Young cow quality this week was mostly average.

Weight classPick one — the panels below update

Steers · summary 0–100 lb

Weighted average of every reported lot
0–100 lb steers averaged $132.08/cwt on 108 head.
Average price
$132.08
108 head · 654 lb average
Value per head Derived
$864
Price × average weight ÷ 100
Grade differential Derived
−$220
per head · Medium and Large 2 over Medium and Large 1-2
$2.87/cwt at this weight
vs the market
−15.53
vs MT average

Price by quality 0–100 lb

Frame and muscle grade
Frame / muscleAvg wt$/cwt$/headHead
Medium and Large 2505134.4768018thin
Medium and Large 1-2683131.6089990
One grade step is worth $2.87/cwt here — about −$220 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 sale108 hd
132.08
—
MT average3 barns · 559 hd
147.62
−15.53
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—Average1,85785.271,58435
CowsBoner 80-85%Average1,38764.9090053
CowsPremium White 65-75%Average1,63464.831,06039
CowsBreaker 75-80%Average1,68564.311,08414
CowsLean 85-90%Average1,23658.55723161

Every lot

36 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 · Steers8 lots · lightest first
Steers—Medium and Large 2400147.50/cwt147.50–147.5059011
Steers—Medium and Large 1-2507141.50/cwt141.50–141.5071733
Steers—Medium and Large 1-2595139.00/cwt139.00–139.008272
Steers—Medium and Large 1-2648132.00/cwt132.00–132.008552
Steers—Medium and Large 2671114.00/cwt114.00–114.007657
Steers—Medium and Large 1-2746134.79/cwt131.00–135.251,00627
Steers—Medium and Large 1-2775121.68/cwt118.50–130.0094314
Steers—Medium and Large 1-2942107.50/cwt107.50–107.501,01312
Feeder Cattle · Heifers2 lots · lightest first
Heifers—Medium and Large 1-2610127.00/cwt127.00–127.007752
Heifers—Medium and Large 1-2664121.00/cwt121.00–121.0080312
Feeder Cattle · Bulls1 lot · lightest first
Bulls—Large 1-21,03280.00/cwt80.00–80.008265
Slaughter Cattle · Bulls5 lots · lightest first
Bulls——Light Weight1,14076.50/cwt76.50–76.508721
Bulls——Light Weight1,19079.00/cwt79.00–79.009401
Bulls——1,58775.83/cwt70.00–79.001,2036
Bulls——1,92585.62/cwt82.00–90.501,64817
Bulls——2,04391.85/cwt89.00–95.501,87610
Slaughter Cattle · Cows13 lots · lightest first
Cows—Lean 85-90%Light Weight88052.00/cwt52.00–52.004581
Cows—Lean 85-90%Light Weight98063.50/cwt63.50–63.506221
Cows—Lean 85-90%1,23261.26/cwt58.00–64.5075582
Cows—Lean 85-90%1,24755.39/cwt51.00–59.5069175
Cows—Lean 85-90%1,25566.73/cwt65.00–68.508372
Cows—Boner 80-85%1,31563.12/cwt59.50–67.0083025
Cows—Boner 80-85%1,44969.79/cwt68.00–73.501,01120
Cows—Boner 80-85%1,45758.22/cwt58.00–58.258488
Cows—Breaker 75-80%1,60963.99/cwt63.00–66.501,0307
Cows—Premium White 65-75%1,63164.97/cwt64.50–67.501,06038
Cows—Breaker 75-80%1,74061.25/cwt58.50–62.501,0663
Cows—Premium White 65-75%1,76059.50/cwt59.50–59.501,0471
Cows—Breaker 75-80%1,77867.18/cwt66.00–67.501,1944
Replacement Cattle · Stock Cows6 lots · lightest first
Stock Cows—Medium and Large 11,00480.04/cwt66.00–94.0080457
Stock Cows—Medium and Large 1Thin Fleshed1,06563.42/cwt62.50–65.006753
Stock Cows—Medium and Large 1Thin Fleshed1,15556.50/cwt56.50–56.506531
Stock Cows—Medium and Large 11,20568.98/cwt63.50–80.00831103
Stock Cows—Medium and Large 11,41363.30/cwt58.00–66.0089472
Stock Cows—Medium and Large 11,43765.97/cwt61.50–71.00948257
Replacement Cattle · Cow-Calf Pairs1 lot · lightest first
Cow-Calf Pairs—Medium and Large 11,3741,825.00/cwt1,825.00–1,825.0025,0767

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.