Sale reports / Montana / Public Auction Yards / 2023-10-04

Public Auction Yards

Feeder Cattle · Slaughter Cattle · Replacement Cattle · Billings, Montana · Wed, Oct 4
● Final70 lots reportedUSDA AMS · slug 1774
Feeder Cattle receipts
374 head
▲ 198 vs last sale 176▼ 35 vs year ago 409 · −8.6%
Slaughter Cattle receipts
216 head
▼ 131 vs last sale 347▼ 186 vs year ago 402 · −46.3%
Replacement Cattle receipts
152 head
▲ 39 vs last sale 113▲ 51 vs year ago 101 · +50.5%
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Reporter comment USDA

As filed

Compared to last week: Feeder steers and heifers were too lightly tested either this sale or last week to develop an accurate market trend, however steady to lower undertones were noticed. Quality this week was mostly plain to average. Most offerings sold in small packages or as singles this sale. Demand for feeders was light to moderate as not enough feeder cattle were offered to put together loads. CME positions sold off sharply over the past few days and buyers showed slightly lighter demand for all feeder cattle on offer as a result. Market activity was mostly moderate this sale. Weigh up cows sold on mostly moderate demand for light offerings. Slaughter cows sold on lighter demand this week. Slaughter cows sold mostly steady to 3.00 lower in a narrow comparison. Feeding cow demand was lighter this sale as quality limited demand for feeding offerings. Feeding cows sold steady to 2.00 lower. Packers are reluctant to put many wet bagged cows on feed. Most cows sold today still had wet bags, having freshly weaned calves. Slaughter bulls sold sold generally steady to 4.00 lower in a narrow comparison. Weigh up conditions were mostly below average to start the sale but improved slightly later in the day. Cow quality today was mostly average today. Several packages of young age cows sold this week. Demand for these offerings was mostly good as feeding and rebreeding buyers competed over attractive offerings. Young age cows sold 5.00-10.00 higher as demand for this class of cow improved. Bred cow offerings were very attractive this week and sold on very good demand.

Weight classPick one — the panels below update

Heifers · summary 0–100 lb

Weighted average of every reported lot
0–100 lb heifers averaged $239.87/cwt on 156 head.
Average price
$239.87
156 head · 695 lb average
Value per head Derived
$1,667
Price × average weight ÷ 100
Grade differential Derived
−$556
per head · Medium 1 over Large 1
$49.00/cwt at this weight
vs the market
−10.31
vs MT average

Price by quality 0–100 lb

Frame and muscle grade
Frame / muscleAvg wt$/cwt$/headHead
Medium 1679250.501,7016thin
Medium and Large 1696243.501,69491
Medium 1-2634240.001,5229thin
Medium and Large 1-2627238.141,49338
Medium 2730227.501,6615thin
Large 11,120201.502,2577thin
One grade step is worth $49.00/cwt here — about −$556 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 sale156 hd
239.87
—
MT average3 barns · 1,758 hd
250.18
−10.31
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—High1,837106.551,95846
CowsBreaker 75-80%Average1,677107.411,80223
CowsBoner 80-85%Average1,446103.111,49185
CowsLean 85-90%Low1,18793.761,11359

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)1,238$2,65315
Bred Cows1st/2nd Stage (1-6 mo)Middle Aged/Aged (>5 yrs)1,510$2,40016
Bred Cows1st/2nd Stage (1-6 mo)Aged (>8 yrs)1,477$1,7507
Bred Cows1st Stage (1-3 mo)Young (2-4 yrs)1,083$1,6003thin
Bred Heifers1st/2nd Stage (1-6 mo)(<2 yrs)1,101$2,5005

Every lot

70 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 · Steers13 lots · lightest first
Steers—Medium and Large 1Unweaned340332.50/cwt332.50–332.501,1316
Steers—Medium and Large 1-2Unweaned391300.00/cwt300.00–300.001,1738
Steers—Medium and Large 1Unweaned399332.50/cwt332.50–332.501,3275
Steers—Medium and Large 1-2Unweaned405310.00/cwt310.00–310.001,2568
Steers—Medium and Large 1Unweaned475302.50/cwt302.50–302.501,4374
Steers—Medium and Large 1-2Unweaned484274.97/cwt272.50–277.501,3314
Steers—Medium and Large 1Unweaned515302.50/cwt302.50–302.501,5584
Steers—Medium and Large 1Unweaned576271.50/cwt260.00–277.001,56410
Steers—Medium and Large 1Unweaned611272.00/cwt272.00–272.001,66211
Steers—Medium and Large 1-2Unweaned658243.00/cwt243.00–243.001,5992
Steers—Medium and Large 2712246.25/cwt242.50–247.501,7534
Steers—Medium and Large 2758232.50/cwt232.50–232.501,7622
Steers—Medium and Large 1965225.50/cwt225.50–225.502,1762
Feeder Cattle · Heifers22 lots · lightest first
Heifers—Medium and Large 1Unweaned325310.00/cwt310.00–310.001,0081
Heifers—Medium and Large 1Unweaned368285.00/cwt285.00–285.001,0492
Heifers—Medium and Large 1-2Unweaned385295.00/cwt295.00–295.001,1362
Heifers—Medium and Large 1Unweaned413285.00/cwt285.00–285.001,1774
Heifers—Medium and Large 1-2Unweaned435251.33/cwt240.00–260.001,09320
Heifers—Medium and Large 1Unweaned475272.10/cwt261.00–282.501,29220
Heifers—Medium and Large 1Unweaned542246.00/cwt246.00–246.001,33316
Heifers—Medium and Large 1Unweaned582251.00/cwt251.00–251.001,46112
Heifers—Medium and Large 1Unweaned608241.00/cwt241.00–241.001,4654
Heifers—Medium 1-2634240.00/cwt240.00–240.001,5229
Heifers—Medium 1679250.50/cwt250.50–250.501,7016
Heifers—Medium 2730227.50/cwt227.50–227.501,6615
Heifers—Medium and Large 1-2833222.48/cwt220.00–225.001,8536
Heifers—Medium and Large 1-2877218.73/cwt217.50–222.501,9184
Heifers—Medium and Large 1-2930215.00/cwt215.00–215.002,0001
Heifers—Medium and Large 1936220.25/cwt219.50–221.002,0626
Heifers—Medium and Large 1974217.00/cwt217.00–217.002,1144
Heifers—Medium and Large 1-2982201.60/cwt200.00–204.001,9805
Heifers—Medium and Large 11,029209.24/cwt208.50–210.002,1534
Heifers—Medium and Large 11,076208.80/cwt205.50–215.502,24718
Heifers—Large 11,111203.00/cwt203.00–203.002,2556
Heifers—Large 11,175192.50/cwt192.50–192.502,2621
Feeder Cattle · Bulls5 lots · lightest first
Bulls—Large 11,020185.00/cwt185.00–185.001,8871
Bulls—Large 1-21,110175.00/cwt175.00–175.001,9432
Bulls—Large 11,170172.50/cwt172.50–172.502,0181
Bulls—Large 1-21,185165.00/cwt165.00–165.001,9553
Bulls—Large 11,275146.00/cwt146.00–146.001,8621
Slaughter Cattle · Bulls5 lots · lightest first
Bulls——Return to Feed1,425110.28/cwt107.00–116.001,5713
Bulls——Return to Feed1,56496.09/cwt92.00–104.001,5038
Bulls——1,856104.48/cwt100.00–106.001,93915
Bulls——1,953123.77/cwt122.50–125.002,4172
Bulls——1,999110.38/cwt107.00–117.002,20618
Slaughter Cattle · Cows15 lots · lightest first
Cows—Lean 85-90%1,05072.50/cwt72.50–72.507611
Cows—Lean 85-90%Return to Feed1,170100.09/cwt96.00–103.001,17112
Cows—Lean 85-90%1,18587.29/cwt78.00–95.001,03428
Cows—Lean 85-90%Return to Feed1,197110.48/cwt110.00–111.001,3223
Cows—Lean 85-90%1,21198.85/cwt95.00–102.001,19715
Cows—Boner 80-85%Return to Feed1,369114.34/cwt111.00–118.001,5659
Cows—Boner 80-85%1,438102.80/cwt98.00–108.001,47820
Cows—Boner 80-85%1,45193.07/cwt88.00–98.001,35018
Cows—Boner 80-85%Return to Feed1,456105.17/cwt104.00–109.501,53134
Cows—Boner 80-85%1,532110.66/cwt110.50–111.001,6953
Cows—Boner 80-85%Return to Feed1,58596.00/cwt96.00–96.001,5221
Cows—Breaker 75-80%Return to Feed1,619110.62/cwt108.50–112.501,7918
Cows—Breaker 75-80%Return to Feed1,685101.00/cwt101.00–101.001,7022
Cows—Breaker 75-80%1,704103.64/cwt100.00–106.501,7666
Cows—Breaker 75-80%1,719108.82/cwt107.00–112.501,8717
Replacement Cattle · Bred Cows5 lots · lightest first
Bred Cows—Medium and Large 1-21,0831,600.00/head1,600.00–1,600.001,6003
Bred Cows—Medium and Large 11,2272,800.00/head2,800.00–2,800.002,80011
Bred Cows—Medium and Large 1Non-Legible BANGS1,2702,250.00/head2,250.00–2,250.002,2504
Bred Cows—Medium and Large 1Broken Mouth1,4771,750.00/head1,750.00–1,750.001,7507
Bred Cows—Medium and Large 11,5102,400.00/head2,400.00–2,400.002,40016
Replacement Cattle · Stock Cows4 lots · lightest first
Stock Cows—Medium and Large 1-2828136.97/cwt120.00–150.001,1343
Stock Cows—Medium and Large 1-2978105.89/cwt93.00–110.001,0366
Stock Cows—Medium and Large 11,016163.20/cwt129.00–188.501,65870
Stock Cows—Medium and Large 11,104124.54/cwt110.00–159.001,37517
Replacement Cattle · Bred Heifers1 lot · lightest first
Bred Heifers—Medium and Large 11,1012,500.00/head2,500.00–2,500.002,5005

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.