Sale reports / Montana / Public Auction Yards / 2026-09-30

Public Auction Yards

Feeder Cattle · Slaughter Cattle · Replacement Cattle · Billings, Montana · Wed, Sep 30
● Final71 lots reportedUSDA AMS · slug 1774
Feeder Cattle receipts
468 head
▲ 235 vs last sale 233▲ 213 vs year ago 255 · +83.5%
Slaughter Cattle receipts
365 head
▼ 23 vs last sale 388▼ 53 vs year ago 418 · −12.7%
Replacement Cattle receipts
122 head
▼ 99 vs last sale 221▲ 4 vs year ago 118 · +3.4%
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Reporter comment USDA

As filed

Compared to last sale (9-23-26): Feeder cattle were all too lightly tested to develop any market trend. Quality this week was mostly plain to average with most offerings seen in small packages or as singles. Demand was light to moderate as both quality and quantity limited demand. CME feeder cattle positions showed strong gains today as grain crops showed significant weakness. Market activity was mostly moderate today with a small to moderate crowd of buyers on hand for todays sale. Weigh up cows sold on mostly light demand for light to moderate offerings. Canadian buyers showed moderate demand for cows to feed but were met with little resistance as American packers showed mostly light demand for all feeding cows. Feeding cows sold mostly steady to 5.00 lower. Private feeders were more active this week and were willing to take blemished cows to feed. Much more of the offering was purchased to feed this week compared to last week. Slaughter cows continue to be met with light demand. American packers continue to buy slaughter cows lower and allowed many cows to be sold to feeding buyers as they pushed these cows above slaughter buyers orders. Slaughter cows sold 1.00-2.00 lower on breaking cows, boning and lean cows sold steady to 5.00 lower on a poorer quality lower yielding offering. Slaughter bulls sold mostly 3.00 to 5.00 higher as feeding buyers and slaughter buyers both showed moderate to good demand for offerings. Young age cows suitable to feed or rebreed sold on moderate to good demand today with several more buyers purchasing this class of cow this week. Young age offerings sold mostly 5.00-10.00 higher in a narrow comparison.

Weight classPick one — the panels below update

Steers · summary 500–600 lb

Weighted average of every reported lot
500–600 lb steers averaged $435.17/cwt on 90 head, up $6.35 from the prior sale. That ranks 4 of 10 comparable sales and sits −19.75 against this barn's trailing median of $454.92.
Average price
$435.17
▲ 6.35 vs prior sale
90 head · 536 lb average
Value per head Derived
$2,334
Price × average weight ÷ 100
Grade differential Derived
−$53
per head · Large 1 over Medium and Large 1
$12.61/cwt at this weight
vs the market
+4.22
vs MT average
+20.51 vs national

Price by quality 500–600 lb

Frame and muscle grade
Frame / muscleAvg wt$/cwt$/headHead
Large 1510447.502,2822thin
Medium and Large 1537434.892,33588
One grade step is worth $12.61/cwt here — about −$53 a head. Across this sale the premium is widest at 300–400 lb. USDA reports each grade on its own line and never publishes the spread.

How it compared 500–600 lb

Same class and week · spot auction only
This sale90 hd
435.17
—
MT average3 barns · 206 hd
430.95
+4.22
National average184 barns · 17,632 hd
414.66
+20.51
This barn, trailing median10 sales
454.92
−19.75
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 500–600 lb

10 sales
525476427379median 454.9203/1804/1506/2409/3010/21
Steers 500–600 lb: high $510.69, low $392.59, median $454.92 across 10 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—Average1,855175.953,26461
CowsBoner 80-85%High1,400138.871,945115
CowsBreaker 75-80%High1,651135.852,24342
CowsLean 85-90%Average1,193129.571,546111

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 Cows1st/2nd Stage (1-6 mo)Young (2-4 yrs)1,136$3,0504thin

Every lot

71 lots · USDA AMS · Public Auction Yards Livestock Cattle Auction - Billings, MT (Wed)
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 · Steers15 lots · lightest first
Steers250–300Medium and Large 1Unweaned298605.00/cwt605.00–605.001,8032
Steers300–350Medium and Large 1Unweaned305610.00/cwt610.00–610.001,8611
Steers350–400Medium and Large 1Unweaned393511.88/cwt510.00–520.002,0125
Steers350–400Medium and Large 1-2Unweaned399497.50/cwt497.50–497.501,9854
Steers400–450Medium and Large 1Unweaned437488.46/cwt480.00–500.002,13549
Steers450–500Medium and Large 1-2Unweaned480457.00/cwt457.00–457.002,1942
Steers450–500Medium and Large 1Unweaned482465.74/cwt459.00–480.002,24523
Steers500–550Large 1Unweaned510447.50/cwt447.50–447.502,2822
Steers500–550Medium and Large 1Unweaned526440.90/cwt436.00–447.002,31968
Steers550–600Medium and Large 1Unweaned574414.45/cwt402.50–428.002,37920
Steers600–650Medium and Large 1Unweaned623387.00/cwt387.00–387.002,4113
Steers650–700Large 1Unweaned655375.00/cwt375.00–375.002,4562
Steers650–700Medium and Large 1Unweaned658379.00/cwt379.00–379.002,4943
Steers700–750Medium and Large 1Unweaned705373.00/cwt373.00–373.002,6302
Steers850–900Medium and Large 1-2878331.00/cwt331.00–331.002,9063
Feeder Cattle · Heifers14 lots · lightest first
Heifers250–300Medium and Large 1Unweaned250570.00/cwt570.00–570.001,4251
Heifers350–400Medium and Large 1-2Unweaned380460.00/cwt460.00–460.001,7483
Heifers400–450Medium and Large 1Unweaned417444.20/cwt440.00–452.001,85219
Heifers450–500Medium and Large 1-2Unweaned473410.00/cwt410.00–410.001,9392
Heifers450–500Medium and Large 1Unweaned485423.84/cwt422.50–424.002,05622
Heifers500–550Medium and Large 1-2Unweaned513384.00/cwt384.00–384.001,9702
Heifers500–550Medium and Large 1Unweaned528397.20/cwt385.00–412.002,09735
Heifers600–650Medium and Large 1Unweaned635357.92/cwt357.00–359.002,27311
Heifers750–800Medium and Large 1-2752334.00/cwt334.00–334.002,5123
Heifers800–850Medium and Large 1846315.36/cwt315.00–317.002,66811
Heifers900–950Medium and Large 1933303.47/cwt299.00–306.002,83121
Heifers950–1000Medium and Large 1978296.77/cwt295.00–299.002,90216
Heifers1000–1050Medium and Large 11,034292.36/cwt289.00–299.003,0236
Heifers1050–1100Large 11,051291.00/cwt291.00–291.003,0584
Feeder Cattle · Bulls9 lots · lightest first
Bulls550–600Medium and Large 1Unweaned555405.00/cwt405.00–405.002,2481
Bulls550–600Large 1Unweaned568405.00/cwt405.00–405.002,3006
Bulls650–700Medium and Large 1Unweaned655370.00/cwt370.00–370.002,4242
Bulls950–1000Medium and Large 2995240.00/cwt240.00–240.002,3881
Bulls1000–1050Medium and Large 1-21,045252.50/cwt252.50–252.502,6391
Bulls1100–1150Medium and Large 1-21,125235.00/cwt235.00–235.002,6441
Bulls1150–1200Large 11,155260.00/cwt260.00–260.003,0031
Bulls1200–1250Large 11,220236.23/cwt235.00–240.002,8824
Bulls1250–1300Large 1-21,268222.50/cwt222.50–222.502,8212
Slaughter Cattle · Bulls6 lots · lightest first
Bulls——Light Weight1,410169.00/cwt169.00–169.002,3831
Bulls——Return to Feed1,604167.52/cwt159.00–173.002,6874
Bulls——1,781167.12/cwt160.00–170.002,9768
Bulls——Return to Feed1,791178.50/cwt172.00–183.003,19716
Bulls——1,943177.52/cwt174.00–181.003,44929
Bulls——2,030184.33/cwt184.00–184.503,7423
Slaughter Cattle · Cows19 lots · lightest first
Cows—Lean 85-90%Light Weight93090.00/cwt90.00–90.008371
Cows—Lean 85-90%Light Weight93085.00/cwt85.00–85.007911
Cows—Lean 85-90%Light Weight943121.25/cwt120.00–122.501,1432
Cows—Lean 85-90%1,158129.73/cwt124.00–133.001,5023
Cows—Lean 85-90%1,171110.13/cwt100.00–120.001,29010
Cows—Lean 85-90%Return to Feed1,199129.49/cwt117.50–134.001,55358
Cows—Lean 85-90%Return to Feed1,221137.90/cwt134.00–145.001,68436
Cows—Boner 80-85%Return to Feed1,368135.60/cwt119.00–141.001,85555
Cows—Boner 80-85%1,388133.42/cwt128.00–138.001,8526
Cows—Boner 80-85%Return to Feed1,419145.10/cwt140.00–150.002,05941
Cows—Boner 80-85%Return to Feed1,434152.54/cwt152.00–154.002,1877
Cows—Boner 80-85%1,542115.77/cwt109.00–125.001,7856
Cows—Breaker 75-80%Return to Feed1,586143.40/cwt140.00–147.002,2744
Cows—Breaker 75-80%Return to Feed1,600135.69/cwt134.00–139.002,17111
Cows—Breaker 75-80%Return to Feed1,601148.70/cwt148.00–153.002,3817
Cows—Breaker 75-80%1,653132.71/cwt132.00–136.002,1947
Cows—Breaker 75-80%1,676129.29/cwt124.00–132.002,16711
Cows—Breaker 75-80%Heavy Weight2,085117.50/cwt117.50–117.502,4501
Cows—Breaker 75-80%Heavy Weight2,100130.00/cwt130.00–130.002,7301
Replacement Cattle · Open Heifers2 lots · lightest first
Open Heifers—Medium and Large 1-2950240.00/cwt240.00–240.002,2801
Open Heifers—Medium and Large 11,030279.19/cwt246.00–295.002,87619
Replacement Cattle · Stock Cows5 lots · lightest first
Stock Cows—Medium and Large 1997264.10/cwt215.00–287.502,63333
Stock Cows—Medium and Large 1-21,010186.77/cwt164.00–225.001,8863
Stock Cows—Medium and Large 11,128230.18/cwt165.00–285.002,59625
Stock Cows—Medium and Large 1Fleshy1,150220.00/cwt220.00–220.002,5301
Stock Cows—Medium and Large 11,328156.49/cwt154.00–157.002,0786
Replacement Cattle · Bred Cows1 lot · lightest first
Bred Cows—Medium and Large 1Non-Legible BANGS1,1363,050.00/head3,050.00–3,050.003,0504

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.