Sale reports / Montana / Public Auction Yards / 2021-05-12

Public Auction Yards

Feeder Cattle · Slaughter Cattle · Replacement Cattle · Billings, Montana · Wed, May 12
● Final81 lots reportedUSDA AMS · slug 1774
Feeder Cattle receipts
2,256 head
▲ 1,908 vs last sale 348▼ 718 vs year ago 2,974 · −24.1%
Slaughter Cattle receipts
322 head
▼ 67 vs last sale 389▲ 192 vs year ago 130 · +147.7%
Replacement Cattle receipts
488 head
▲ 345 vs last sale 143▼ 159 vs year ago 647 · −24.6%
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Reporter comment USDA

As filed

Compared to last week: Feeder cattle were too lightly tested last develop an accurate market trend, however higher undertones were noticed on all offerings. Feeder cattle quality was average to attractive and much higher than last week. Demand was mostly moderate to good for moderate to heavy offerings. Local ranchers showed very good demand for feeders today as they attempted to buy feeders to finish filling summer pasture and range. Order buyers were forced to fill loads later in the sale and pushed all cattle higher to do so. CME feeder cattle contracts traded with triple digit gains today. The May contract closed 1.425 higher to settle at 136.75, while the August contract closed 1.675 higher at 150.525. Market activity was mostly active today. Weigh up cows sold on mostly moderate to good demand today for light offerings. Packers were very aggressive as they bid on cows for immediate harvest. Slaughter cows sold mostly 2.00-3.00 higher on boning and lean cows, breaking cows sold mostly 1.00 higher in a narrow comparison. Feeding cows sold mostly steady to 1.00 higher. Lean cows saw the biggest increase in demand this week. The cutter cow cutout continues to climb higher, todays close was 204.16. Slaughter bulls sold mostly 2.00-3.00 higher. Demand for cow calf pairs was mostly light. Higher feed costs and drought conditions, which are bringing these offerings to market, are also what is hindering demand. Demand for bred cows is also light as it is getting late in the breeding season. Young age cows suitable to feed or rebreed sold mostly steady to firm. Quality this week was average to attractive.

Weight classPick one — the panels below update

Heifers · summary 0–100 lb

Weighted average of every reported lot
0–100 lb heifers averaged $146.48/cwt on 1,309 head.
Average price
$146.48
1,309 head · 606 lb average
Value per head Derived
$888
Price × average weight ÷ 100
Grade differential Derived
$355
per head · Medium and Large 1 over Medium 1-2
$27.56/cwt at this weight
vs the market
+3.86
vs MT average

Price by quality 0–100 lb

Frame and muscle grade
Frame / muscleAvg wt$/cwt$/headHead
Medium and Large 1625147.569231,051
Medium and Large 1-2547144.80791186
Medium and Large 2450140.7763326
Medium 1495132.8665742
Medium 1-2473120.005684thin
One grade step is worth $27.56/cwt here — about $355 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 sale1,309 hd
146.48
—
MT average3 barns · 1,991 hd
142.62
+3.86
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—High1,88887.401,65027
CowsBreaker 75-80%High1,65566.861,10715
CowsBoner 80-85%High1,41764.52915137
CowsLean 85-90%Average1,16959.3469496

Every lot

81 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 · Steers21 lots · lightest first
Steers—Medium and Large 1-2441156.74/cwt155.00–157.5069120
Steers—Medium and Large 1-2468158.06/cwt157.50–162.0074016
Steers—Medium 2493147.50/cwt147.50–147.507277
Steers—Medium and Large 1508181.00/cwt181.00–181.0091912
Steers—Medium and Large 1-2519159.90/cwt156.00–167.0083045
Steers—Medium and Large 1Thin Fleshed560188.46/cwt188.00–190.001,05588
Steers—Medium and Large 1560177.26/cwt170.00–184.0099334
Steers—Medium and Large 2561144.00/cwt144.00–144.008085
Steers—Medium and Large 1-2570147.50/cwt147.50–147.508415
Steers—Medium and Large 1614170.93/cwt166.00–176.001,0506
Steers—Medium and Large 1Thin Fleshed616180.00/cwt180.00–180.001,10933
Steers—Medium and Large 1-2624147.01/cwt145.00–148.0091738
Steers—Large 1637161.00/cwt161.00–161.001,0265
Steers—Medium and Large 1-2663143.00/cwt141.00–147.009486
Steers—Medium and Large 1674157.36/cwt151.00–163.001,06180
Steers—Medium and Large 1-2720136.30/cwt135.00–140.009818
Steers—Medium and Large 1733142.93/cwt141.00–144.001,04824
Steers—Medium and Large 1762135.00/cwt133.00–143.001,02914
Steers—Medium and Large 1-2830118.50/cwt118.50–118.5098418
Steers—Medium and Large 1831130.88/cwt125.00–134.001,08851
Steers—Medium and Large 1897125.99/cwt125.00–126.001,13067
Feeder Cattle · Heifers24 lots · lightest first
Heifers—Medium and Large 197216.90/cwt200.00–250.002106
Heifers—Medium and Large 1-2386150.00/cwt150.00–150.0057911
Heifers—Medium and Large 2420142.50/cwt142.50–142.5059920
Heifers—Medium and Large 1451160.00/cwt160.00–160.007229
Heifers—Medium and Large 1-2467148.49/cwt147.00–151.0069327
Heifers—Medium 1472140.00/cwt140.00–140.0066118
Heifers—Medium 1-2473120.00/cwt120.00–120.005684
Heifers—Medium 1512127.50/cwt127.50–127.5065324
Heifers—Medium and Large 1514152.61/cwt150.00–158.0078487
Heifers—Medium and Large 1-2524145.63/cwt145.00–147.0076323
Heifers—Medium and Large 2548135.00/cwt135.00–135.007406
Heifers—Medium and Large 1Thin Fleshed551173.00/cwt173.00–173.0095312
Heifers—Medium and Large 1564156.99/cwt147.00–159.50885287
Heifers—Medium and Large 1-2582143.39/cwt132.00–147.00835125
Heifers—Medium and Large 1Thin Fleshed615157.96/cwt157.00–158.75971119
Heifers—Medium and Large 1632147.56/cwt142.50–149.00933235
Heifers—Medium and Large 1Thin Fleshed667149.50/cwt149.50–149.5099736
Heifers—Medium and Large 1679133.59/cwt127.00–136.50907143
Heifers—Medium and Large 1Fancy701137.00/cwt137.00–137.0096017
Heifers—Medium and Large 1723126.47/cwt122.00–129.0091412
Heifers—Medium and Large 1792119.11/cwt118.00–121.5094349
Heifers—Medium and Large 1Replacement816127.50/cwt127.50–127.501,04026
Heifers—Medium and Large 1820119.00/cwt119.00–119.009763
Heifers—Medium and Large 1Replacement878120.00/cwt120.00–120.001,05416
Feeder Cattle · Bulls1 lot · lightest first
Bulls—Medium and Large 1125289.97/cwt250.00–350.003629
Slaughter Cattle · Bulls4 lots · lightest first
Bulls——1,72180.79/cwt74.00–83.501,39014
Bulls——1,96590.07/cwt86.00–92.001,7705
Bulls——2,07697.50/cwt94.00–103.002,0247
Bulls——Heavy Weight2,52596.00/cwt96.00–96.002,4241
Slaughter Cattle · Cows17 lots · lightest first
Cows—Lean 85-90%Light Weight86556.47/cwt56.00–57.004882
Cows—Lean 85-90%1,08249.42/cwt49.00–49.505356
Cows—Lean 85-90%Return to Feed1,15258.34/cwt54.00–62.0067216
Cows—Lean 85-90%1,15857.87/cwt52.00–61.5067043
Cows—Lean 85-90%Return to Feed1,22063.97/cwt63.50–66.0078013
Cows—Lean 85-90%Return to Feed1,22269.50/cwt69.50–69.508493
Cows—Lean 85-90%1,24863.47/cwt63.00–64.5079213
Cows—Boner 80-85%Return to Feed1,39260.72/cwt58.00–63.0084519
Cows—Boner 80-85%Return to Feed1,39967.13/cwt64.00–69.5093953
Cows—Boner 80-85%1,40660.57/cwt57.00–62.0085233
Cows—Boner 80-85%1,45372.50/cwt72.50–72.501,0536
Cows—Boner 80-85%Return to Feed1,45571.00/cwt71.00–71.001,0332
Cows—Boner 80-85%1,48264.68/cwt63.75–68.0095924
Cows—Breaker 75-80%1,61865.90/cwt64.00–68.501,0667
Cows—Breaker 75-80%1,63571.47/cwt71.00–72.001,1692
Cows—Breaker 75-80%Return to Feed1,64064.92/cwt63.00–66.501,0654
Cows—Breaker 75-80%1,83869.50/cwt69.50–69.501,2772
Replacement Cattle · Cow-Calf Pairs6 lots · lightest first
Cow-Calf Pairs—Medium and Large 11,2051,425.00/cwt1,425.00–1,425.0017,1712
Cow-Calf Pairs—Medium and Large 1Thin Fleshed1,208950.00/cwt950.00–950.0011,4766
Cow-Calf Pairs—Medium and Large 1Non-Legible BANGS1,2241,200.00/cwt1,200.00–1,200.0014,6884
Cow-Calf Pairs—Medium and Large 11,3031,082.55/cwt1,060.00–1,100.0014,10644
Cow-Calf Pairs—Medium and Large 1Thin Fleshed1,3431,000.00/cwt1,000.00–1,000.0013,43013
Cow-Calf Pairs—Medium and Large 1Broken Mouth1,3831,072.04/cwt1,050.00–1,100.0014,82659
Replacement Cattle · Bred Cows3 lots · lightest first
Bred Cows—Medium and Large 11,2441,050.00/cwt1,050.00–1,050.0013,06221
Bred Cows—Medium and Large 11,3921,035.00/cwt1,035.00–1,035.0014,40713
Bred Cows—Medium and Large 11,406943.73/cwt910.00–1,050.0013,2694
Replacement Cattle · Stock Cows4 lots · lightest first
Stock Cows—Medium and Large 1Thin Fleshed1,03065.00/cwt65.00–65.006701
Stock Cows—Medium and Large 11,11375.96/cwt68.00–88.0084533
Stock Cows—Medium and Large 1-21,12572.00/cwt72.00–72.008101
Stock Cows—Medium and Large 11,12789.92/cwt74.00–100.001,01329
Replacement Cattle · Heifer Pairs1 lot · lightest first
Heifer Pairs—Medium and Large 19881,375.00/cwt1,375.00–1,375.0013,5858

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.