Sale reports / Montana / Miles City Livestock Commission / 2024-02-27

Miles City Livestock Commission

Feeder Cattle · Slaughter Cattle · Replacement Cattle · Miles City, Montana · Tue, Feb 27
● Final48 lots reportedUSDA AMS · slug 1773
Feeder Cattle receipts
419 head
▼ 566 vs last sale 985▼ 282 vs year ago 701 · −40.2%
Slaughter Cattle receipts
243 head
▼ 132 vs last sale 375▲ 89 vs year ago 154 · +57.8%
Replacement Cattle receipts
105 head
▼ 505 vs last sale 610▲ 67 vs year ago 38 · +176.3%
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Reporter comment USDA

As filed

Compared to last sale: Feeder steers and heifers were too lightly tested last week to develop a full market trend, however generally steady undertones were noticed on both steers heifers. Demand was mostly moderate to good for light offerings. Quality this week was mostly plain to average and not as attractive as last week. Most cattle were long weaned from 45-100 days. Package sizes were mostly small this week. No load lots were seen. CME positions pushed higher all last week in anticipation of the cattle on feed report. The cattle on feed report showed on feed slightly higher than last January, placements 7% below last year and marketings slightly below last year. The March contract closed today at 253.00, 1.625 higher than last Tuesdays close. The April closed at 258.95 today, 3.60 higher than last Tuesdays close. Market activity was mostly moderate to active this week. Weigh up cows sold on mostly good demand for light offerings. Demand for slaughter cows was good. Packers opted to send most of the cow offering to slaughter this week as supplies remain tight. Slaughter cows sold unevenly steady on all offerings. Packers opted to send cows they would usually feed to harvest this week causing slaughter cows to sell unevenly compared to the previous week. Very few feeding cows were seen this week. No feeding cow comparison is available. Slaughter bulls sold 5.00-10.00 higher in a narrow comparison. Weigh up conditions were mixed today. Another set of fed cows sold this week. These offerings were met with mostly good demand. Most fed cow offerings had moderate amounts of tag, however most offered buyers and overnight stand and favorable weigh conditions. Young age cows were too lightly tested to develop any market trend. Quality was mostly average this week.

Weight classPick one — the panels below update

Heifers · summary 0–100 lb

Weighted average of every reported lot
0–100 lb heifers averaged $269.83/cwt on 193 head.
Average price
$269.83
193 head · 559 lb average
Value per head Derived
$1,508
Price × average weight ÷ 100
Grade differential Derived
$336
per head · Medium and Large 1-2 over Medium 2-3
$104.44/cwt at this weight
vs the market
−4.89
vs MT average

Price by quality 0–100 lb

Frame and muscle grade
Frame / muscleAvg wt$/cwt$/headHead
Medium and Large 1-2415299.441,2429thin
Medium and Large 1567279.221,584159
Medium and Large 2607201.001,2203thin
Medium 2571200.181,14318thin
Medium 2-3465195.009074thin
One grade step is worth $104.44/cwt here — about $336 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 sale193 hd
269.83
—
MT average3 barns · 2,674 hd
274.72
−4.89
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—Low1,580124.451,96613
CowsBreaker 75-80%Low1,548113.631,75856
CowsBoner 80-85%High1,360109.231,48634
CowsLean 85-90%Low1,12697.151,094125

Replacement cattle Per head

By class, stage and age
Bred stock and pairs are reported per head, not per hundredweight — these prices are never mixed with the $/cwt figures above.
ClassStageAgeAvg wt$/headHead
Bred Cows3rd Stage (7-9 mo)Middle Aged/Aged (>5 yrs)1,553$1,9753thin
Bred Cows3rd Stage (7-9 mo)Aged (>8 yrs)1,279$1,66137

Every lot

48 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 · Steers13 lots · lightest first
Steers—Medium 1-2398280.00/cwt280.00–280.001,1144
Steers—Medium and Large 1-2400330.00/cwt330.00–330.001,3203
Steers—Medium and Large 1406352.00/cwt352.00–352.001,4296
Steers—Medium and Large 1-2455322.46/cwt321.50–325.001,46712
Steers—Medium and Large 1507333.67/cwt316.00–338.001,69251
Steers—Medium and Large 2510310.00/cwt310.00–310.001,5813
Steers—Medium and Large 1-2543311.72/cwt305.00–315.001,6939
Steers—Medium and Large 1-2590291.00/cwt291.00–291.001,71715
Steers—Medium and Large 1-2623288.00/cwt288.00–288.001,7942
Steers—Medium 2630230.00/cwt230.00–230.001,4494
Steers—Medium and Large 2688231.00/cwt231.00–231.001,5897
Steers—Medium and Large 1705267.00/cwt267.00–267.001,8821
Steers—Medium and Large 1-2763238.28/cwt235.00–245.001,8183
Feeder Cattle · Heifers9 lots · lightest first
Heifers—Medium and Large 1-2346310.00/cwt310.00–310.001,0734
Heifers—Medium 2-3465195.00/cwt195.00–195.009074
Heifers—Medium and Large 1-2470291.00/cwt291.00–291.001,3685
Heifers—Medium 2517200.00/cwt200.00–200.001,0343
Heifers—Medium and Large 1528286.84/cwt285.00–288.501,51544
Heifers—Medium and Large 1565281.69/cwt281.25–282.751,59268
Heifers—Medium 2582200.21/cwt195.00–203.001,16515
Heifers—Medium and Large 1607268.50/cwt268.50–268.501,63047
Heifers—Medium and Large 2607201.00/cwt201.00–201.001,2203
Feeder Cattle · Bulls2 lots · lightest first
Bulls—Medium and Large 1600252.50/cwt252.50–252.501,5151
Bulls—Medium and Large 1650232.50/cwt232.50–232.501,5111
Slaughter Cattle · Bulls6 lots · lightest first
Bulls——Return to Feed1,255131.00/cwt131.00–131.001,6441
Bulls——Light Weight1,278106.92/cwt100.00–114.001,3663
Bulls——Return to Feed1,370117.00/cwt117.00–117.001,6031
Bulls——1,488112.27/cwt106.00–118.001,6712
Bulls——1,735131.53/cwt131.00–132.002,2822
Bulls——1,909140.37/cwt137.50–143.502,6804
Slaughter Cattle · Cows11 lots · lightest first
Cows—Lean 85-90%Light Weight94991.41/cwt86.00–97.008679
Cows—Lean 85-90%Light Weight96578.00/cwt78.00–78.007532
Cows—Lean 85-90%1,089112.67/cwt112.00–114.001,2278
Cows—Lean 85-90%1,12393.69/cwt89.00–102.001,05277
Cows—Lean 85-90%1,211105.15/cwt103.00–110.001,27329
Cows—Boner 80-85%1,356109.77/cwt107.00–112.001,48831
Cows—Boner 80-85%Return to Feed1,37598.00/cwt98.00–98.001,3482
Cows—Boner 80-85%1,465115.00/cwt115.00–115.001,6851
Cows—Breaker 75-80%1,545114.42/cwt112.50–115.001,76847
Cows—Breaker 75-80%1,560117.00/cwt117.00–117.001,8251
Cows—Breaker 75-80%1,561108.56/cwt102.00–112.001,6958
Replacement Cattle · Stock Cows4 lots · lightest first
Stock Cows—Medium 1640204.00/cwt204.00–204.001,3062
Stock Cows—Medium and Large 1990178.91/cwt165.00–185.001,77111
Stock Cows—Medium and Large 11,091131.38/cwt109.50–140.501,43345
Stock Cows—Medium and Large 11,194100.00/cwt100.00–100.001,1944
Replacement Cattle · Bred Cows3 lots · lightest first
Bred Cows—Medium and Large 1-2Broken Mouth1,2221,400.00/head1,400.00–1,400.001,40016
Bred Cows—Medium and Large 1Broken Mouth1,3231,860.00/head1,860.00–1,860.001,86021
Bred Cows—Medium and Large 11,5531,975.00/head1,975.00–1,975.001,9753

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.