Sale reports / Montana / Public Auction Yards / 2023-10-11

Public Auction Yards

Feeder Cattle · Slaughter Cattle · Replacement Cattle · Billings, Montana · Wed, Oct 11
● Final73 lots reportedUSDA AMS · slug 1774
Feeder Cattle receipts
599 head
▲ 225 vs last sale 374▲ 112 vs year ago 487 · +23.0%
Slaughter Cattle receipts
791 head
▲ 575 vs last sale 216▲ 0 vs year ago 791 · +0.0%
Replacement Cattle receipts
250 head
▲ 98 vs last sale 152▼ 31 vs year ago 281 · −11.0%
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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 higher undertones were noticed on both steers and heifers under 500 lbs, and lower undertones were noticed on both sexes of calves heavier than 500 lbs. Yearlings were all too lightly tested to develop an accurate market trend, however higher undertones were noticed on both steers and heifers. Quality today was mostly plain to average and most calves were offered in small packages or as singles. Demand was mostly light to moderate on all feeders over 500 lbs. Good demand was seen for all calves under 500 lbs. Buyer participation was light today as both quality and volume kept some buyers from starting loads. CME positions rebounded slightly today with the nearby October gaining 2.225 and November gaining 1.65 to settle at 250.175 and 252.00 respectively. Market activity was mostly moderate this sale. Weigh up cows sold on mostly light to moderate demand for moderate offerings. Slaughter cows sold on lighter demand again this week. Slaughter cows sold mostly steady on breaking cows, boning and lean cows sold 2.00 to 3.00 lower. Feeding cow demand was moderate this sale. Several buyers were active in buying thin cows to feed or turn out on corn stalks this winter. Most of these cows were purchased as slaughter cows last week thus no comparisons are available. High quality feeding cows suitable to feed to premium white sold 2.00-3.00 lower. Packers showed lighter demand for feeding cows this week, however competition with independent feeders and order-buyers kept prices from falling off sharply. Slaughter bulls sold generally steady on a higher quality offering. Weigh up conditions were mixed. 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 generally steady.

Weight classPick one — the panels below update

Steers · summary 0–100 lb

Weighted average of every reported lot
0–100 lb steers averaged $286.92/cwt on 176 head.
Average price
$286.92
176 head · 563 lb average
Value per head Derived
$1,616
Price × average weight ÷ 100
Grade differential Derived
−$138
per head · Medium 1 over Large 1
$75.20/cwt at this weight
vs the market
−8.66
vs MT average

Price by quality 0–100 lb

Frame and muscle grade
Frame / muscleAvg wt$/cwt$/headHead
Medium 1400340.001,3603thin
Medium and Large 1-2414319.541,32318thin
Medium and Large 1586284.671,669135
Large 1566264.801,49820
One grade step is worth $75.20/cwt here — about −$138 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 sale176 hd
286.92
—
MT average5 barns · 1,937 hd
295.58
−8.66
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—Low1,644109.731,80355
CowsBreaker 75-80%Average1,555110.571,72070
CowsBoner 80-85%Average1,405100.721,415281
CowsLean 85-90%Average1,19789.441,071189

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 Stage (1-3 mo)Young (2-4 yrs)1,250$1,89018
Bred Cows1st/2nd Stage (1-6 mo)Young (2-4 yrs)1,142$1,78914
Bred Cows1st/2nd Stage (1-6 mo)Middle Aged/Aged (>5 yrs)1,425$1,4856
Bred Cows1st Stage (1-3 mo)Middle Aged/Aged (>5 yrs)1,417$1,47515

Every lot

73 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 · Steers20 lots · lightest first
Steers—Medium and Large 1-2Unweaned276360.00/cwt360.00–360.009944
Steers—Medium and Large 1Unweaned326370.00/cwt370.00–370.001,2064
Steers—Medium and Large 1-2Unweaned363340.00/cwt340.00–340.001,2342
Steers—Medium and Large 1Unweaned378372.50/cwt372.50–372.501,4082
Steers—Medium 1Unweaned400340.00/cwt340.00–340.001,3603
Steers—Medium and Large 1-2Unweaned410335.67/cwt332.50–355.001,3767
Steers—Medium and Large 1Unweaned411354.15/cwt347.50–360.001,45611
Steers—Medium and Large 1Unweaned474311.33/cwt291.00–322.501,47619
Steers—Large 1Unweaned520270.00/cwt270.00–270.001,40412
Steers—Medium and Large 1Unweaned539278.91/cwt276.50–283.001,50337
Steers—Medium and Large 1-2Unweaned544255.00/cwt255.00–255.001,3874
Steers—Large 1Unweaned553267.00/cwt267.00–267.001,4777
Steers—Medium and Large 1Unweaned571268.78/cwt264.00–274.001,53518
Steers—Medium and Large 1-2Unweaned575262.00/cwt262.00–262.001,5071
Steers—Medium and Large 1Unweaned644263.65/cwt261.00–264.001,69820
Steers—Medium and Large 1Unweaned674241.39/cwt241.00–242.001,6275
Steers—Medium and Large 1788271.00/cwt271.00–271.002,13512
Steers—Medium and Large 11,085216.50/cwt216.50–216.502,3494
Steers—Medium and Large 1Full1,092213.00/cwt213.00–213.002,3263
Steers—Large 11,205187.00/cwt187.00–187.002,2531
Feeder Cattle · Heifers19 lots · lightest first
Heifers—Medium and Large 1Unweaned331320.00/cwt320.00–320.001,0594
Heifers—Medium and Large 1Unweaned399312.50/cwt312.50–312.501,2477
Heifers—Medium and Large 1Unweaned417300.35/cwt291.00–313.001,25215
Heifers—Medium and Large 1Unweaned475279.83/cwt265.00–290.001,32930
Heifers—Medium and Large 1-2Unweaned482258.97/cwt257.00–260.001,2489
Heifers—Medium and Large 1-2Unweaned508235.00/cwt235.00–235.001,1942
Heifers—Medium and Large 1Unweaned547252.11/cwt250.00–256.001,37920
Heifers—Medium and Large 1Unweaned554252.00/cwt252.00–252.001,39610
Heifers—Medium and Large 1-2Unweaned580244.00/cwt244.00–244.001,4152
Heifers—Medium and Large 1Unweaned639242.62/cwt241.00–246.001,5509
Heifers—Medium and Large 1Unweaned708237.50/cwt237.50–237.501,6822
Heifers—Medium and Large 1-2820215.00/cwt215.00–215.001,7631
Heifers—Medium and Large 1-2896214.00/cwt214.00–214.001,9177
Heifers—Medium and Large 1-2922210.87/cwt209.50–213.001,9445
Heifers—Medium and Large 1-2965202.00/cwt202.00–202.001,9491
Heifers—Medium and Large 1967217.15/cwt216.00–217.502,10022
Heifers—Medium and Large 11,026211.09/cwt210.50–211.502,16617
Heifers—Medium and Large 1-21,028201.68/cwt200.00–205.002,0733
Heifers—Medium and Large 1-21,080196.50/cwt196.50–196.502,1222
Feeder Cattle · Bulls3 lots · lightest first
Bulls—Large 1-21,094165.00/cwt165.00–165.001,8054
Bulls—Large 11,105171.00/cwt171.00–171.001,8901
Bulls—Large 1-21,193124.00/cwt124.00–124.001,4796
Slaughter Cattle · Bulls5 lots · lightest first
Bulls——Return to Feed1,340119.14/cwt115.00–120.001,59612
Bulls——Return to Feed1,45599.34/cwt91.00–105.001,44510
Bulls——1,767111.93/cwt109.00–117.001,97818
Bulls——1,78297.15/cwt89.00–103.001,7319
Bulls——1,987120.50/cwt119.50–121.502,3946
Slaughter Cattle · Cows16 lots · lightest first
Cows—Lean 85-90%Light Weight90082.00/cwt82.00–82.007381
Cows—Lean 85-90%1,10074.88/cwt65.00–77.0082433
Cows—Lean 85-90%Return to Feed1,180107.00/cwt107.00–107.001,2631
Cows—Lean 85-90%Return to Feed1,21289.25/cwt82.00–94.001,08257
Cows—Lean 85-90%Return to Feed1,216100.71/cwt94.00–106.001,22554
Cows—Lean 85-90%1,23385.72/cwt81.00–93.001,05740
Cows—Lean 85-90%1,26596.60/cwt94.00–101.001,2223
Cows—Boner 80-85%Return to Feed1,377101.97/cwt97.00–107.501,404162
Cows—Boner 80-85%Return to Feed1,40093.67/cwt88.00–98.501,31140
Cows—Boner 80-85%1,42191.81/cwt85.00–95.501,30539
Cows—Boner 80-85%Return to Feed1,504112.50/cwt109.00–114.001,69236
Cows—Boner 80-85%1,530101.76/cwt98.50–104.501,5574
Cows—Breaker 75-80%1,532111.23/cwt110.50–111.251,70455
Cows—Breaker 75-80%Return to Feed1,608109.23/cwt108.00–111.001,75610
Cows—Breaker 75-80%Return to Feed1,704106.50/cwt106.50–106.501,8154
Cows—Breaker 75-80%1,720104.00/cwt104.00–104.001,7891
Replacement Cattle · Bred Cows5 lots · lightest first
Bred Cows—Medium and Large 11,1421,789.39/head1,775.00–1,800.001,78914
Bred Cows—Medium and Large 11,2501,889.84/head1,850.00–1,900.001,89018
Bred Cows—Medium and Large 11,4171,475.00/head1,475.00–1,475.001,47515
Bred Cows—Medium and Large 11,4251,485.00/head1,485.00–1,485.001,4856
Bred Cows—Medium and Large 1Broken Mouth1,46390.00/cwt90.00–90.001,3173
Replacement Cattle · Stock Cows5 lots · lightest first
Stock Cows—Medium 1690120.00/cwt120.00–120.008281
Stock Cows—Medium and Large 1-2961147.78/cwt131.00–162.001,42012
Stock Cows—Medium and Large 11,041155.61/cwt129.00–180.001,62083
Stock Cows—Medium and Large 1-21,045107.37/cwt107.00–107.501,1224
Stock Cows—Medium and Large 11,114128.52/cwt104.00–155.001,43265

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.