Sale reports / Montana / Public Auction Yards / 2023-10-18

Public Auction Yards

Feeder Cattle · Slaughter Cattle · Replacement Cattle · Billings, Montana · Wed, Oct 18
● Final64 lots reportedUSDA AMS · slug 1774
Feeder Cattle receipts
259 head
▼ 340 vs last sale 599▼ 426 vs year ago 685 · −62.2%
Slaughter Cattle receipts
891 head
▲ 100 vs last sale 791▼ 284 vs year ago 1,175 · −24.2%
Replacement Cattle receipts
792 head
▲ 542 vs last sale 250▼ 218 vs year ago 1,010 · −21.6%
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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 all steers calves on offer; heifer calves sold with steady undertones; yearling heifers were too lightly tested to develop any market trend. Feeders were limited as todays sale mostly featured bred cows and weigh ups. Quality was mostly average to attractive and better overall compared to last week. Demand for feeders was mostly moderate to good. Most calves were offered in small packages or as singles again this week. Market activity was mostly moderate to active this sale with more buyer participation seen. Weigh up cows sold on mostly light to moderate demand for moderate to heavy offerings. Slaughter cows sold on light demand again this week, however the majority of the cow offering was purchased to feed. Slaughter cows sold mostly 1.00 to 3.00 lower on breaking cows, boning and lean cows sold mostly 4.00 to 7.00 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. These cows sold 3.00-5.00 lower. High quality feeding cows suitable to feed to premium white sold 2.00-3.00 lower on a lower quality offering. Cows overall were not as attractive as last week. Packers joined private feeders in buying thin cows this week as they purchased cows to put away for the upcoming holidays. Most of these cows were very thin and low or very low dressing. Notably, packers have opted to start buying holiday cows unseasonably early(2-3 weeks), as concerns of beef cow supplies weigh on buying decisions. Slaughter bulls sold generally steady. Weigh up conditions were mixed. Cow quality today was mostly plain to 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 3.00-5.00 higher on an attractive quality offering. A heavy offering of bred cows sold today. Demand was mostly good with several local ranchers and order buyers active in bidding on offerings. Quality was average to very attractive.

Weight classPick one — the panels below update

Heifers · summary 0–100 lb

Weighted average of every reported lot
0–100 lb heifers averaged $235.25/cwt on 89 head.
Average price
$235.25
89 head · 762 lb average
Value per head Derived
$1,792
Price × average weight ÷ 100
Grade differential Derived
−$536
per head · Medium and Large 1 over Large 1
$57.62/cwt at this weight
vs the market
−27.32
vs MT average

Price by quality 0–100 lb

Frame and muscle grade
Frame / muscleAvg wt$/cwt$/headHead
Medium and Large 1648250.061,62063
Medium and Large 1-2879212.471,8689thin
Large 11,121192.442,15717thin
One grade step is worth $57.62/cwt here — about −$536 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 sale89 hd
235.25
—
MT average5 barns · 1,789 hd
262.58
−27.32
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—Average1,743105.791,84437
CowsBreaker 75-80%Average1,650103.721,71230
CowsBoner 80-85%Low1,42394.531,345248
CowsLean 85-90%Low1,20786.061,039321

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)1,101$2,29892
Bred Cows1st/2nd Stage (1-6 mo)Middle Aged (5-8 yrs)1,413$2,05122
Bred Cows1st Stage (1-3 mo)Young (2-4 yrs)1,188$2,00137
Bred Cows1st/2nd Stage (1-6 mo)Middle Aged/Aged (>5 yrs)1,374$1,82444
Bred Cows1st Stage (1-3 mo)Middle Aged (5-8 yrs)1,073$1,8004thin
Bred Cows2nd Stage (4-6 mo)Aged (>8 yrs)1,557$1,7006
Bred Cows1st Stage (1-3 mo)Middle Aged/Aged (>5 yrs)1,349$1,32013
Bred Cows1st/2nd Stage (1-6 mo)Aged (>8 yrs)1,266$1,31015
Bred Heifers1st/2nd Stage (1-6 mo)(<2 yrs)878$2,30294
Bred Heifers1st Stage (1-3 mo)(<2 yrs)841$1,63212

Every lot

64 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 · Steers4 lots · lightest first
Steers—Medium and Large 1Unweaned340410.00/cwt410.00–410.001,3946
Steers—Medium and Large 1Unweaned419382.50/cwt382.50–382.501,60312
Steers—Medium and Large 1Unweaned516288.24/cwt285.00–295.001,4879
Steers—Medium and Large 1Unweaned687253.34/cwt251.50–255.001,74032
Feeder Cattle · Heifers11 lots · lightest first
Heifers—Medium and Large 1Unweaned315310.00/cwt310.00–310.009771
Heifers—Medium and Large 1Unweaned389293.56/cwt290.00–310.001,14221
Heifers—Medium and Large 1Unweaned520257.00/cwt257.00–257.001,3361
Heifers—Medium and Large 1Unweaned595245.00/cwt245.00–245.001,4581
Heifers—Medium and Large 1Unweaned629243.00/cwt243.00–243.001,52818
Heifers—Medium and Large 1-2862214.89/cwt212.00–217.001,8527
Heifers—Medium and Large 1928210.53/cwt210.00–212.001,95415
Heifers—Medium and Large 1-2940204.00/cwt204.00–204.001,9182
Heifers—Medium and Large 1996207.50/cwt207.50–207.502,0676
Heifers—Large 11,118194.50/cwt194.50–194.502,17512
Heifers—Large 1Full1,127187.50/cwt187.50–187.502,1135
Feeder Cattle · Bulls2 lots · lightest first
Bulls—Medium and Large 1Unweaned495290.00/cwt290.00–290.001,4362
Bulls—Large 11,155165.00/cwt165.00–165.001,9062
Slaughter Cattle · Bulls6 lots · lightest first
Bulls——Light Weight1,16089.00/cwt89.00–89.001,0321
Bulls——Return to Feed1,431102.62/cwt95.00–106.501,4688
Bulls——Return to Feed1,465111.17/cwt107.00–118.001,6295
Bulls——1,903100.07/cwt91.00–105.001,90412
Bulls——1,940121.38/cwt117.00–125.002,3553
Bulls——1,989110.45/cwt107.00–113.502,1978
Slaughter Cattle · Cows20 lots · lightest first
Cows—Lean 85-90%Light Weight94350.00/cwt50.00–50.004725
Cows—Lean 85-90%Return to Feed1,14775.02/cwt74.00–76.008603
Cows—Lean 85-90%1,15588.91/cwt88.00–90.001,0272
Cows—Lean 85-90%1,17870.22/cwt62.00–76.0082729
Cows—Lean 85-90%Return to Feed1,20784.10/cwt78.00–88.001,015129
Cows—Lean 85-90%1,21781.80/cwt77.00–86.0099616
Cows—Lean 85-90%Return to Feed1,22191.27/cwt89.00–98.001,114104
Cows—Lean 85-90%Return to Feed1,23199.57/cwt99.00–102.501,22633
Cows—Boner 80-85%Return to Feed1,39586.30/cwt83.00–92.001,20477
Cows—Boner 80-85%Return to Feed1,41698.69/cwt94.00–104.501,397126
Cows—Breaker 75-80%Return to Feed1,420111.00/cwt111.00–111.001,5761
Cows—Boner 80-85%1,44893.67/cwt93.50–94.001,3563
Cows—Boner 80-85%1,47485.20/cwt80.00–91.501,25619
Cows—Boner 80-85%Return to Feed1,492107.44/cwt105.00–108.001,60320
Cows—Breaker 75-80%Return to Feed1,602107.50/cwt107.50–107.501,7225
Cows—Breaker 75-80%Return to Feed1,633102.00/cwt102.00–102.001,6663
Cows—Boner 80-85%1,635104.65/cwt103.50–105.501,7113
Cows—Breaker 75-80%1,656107.22/cwt105.50–110.001,7767
Cows—Breaker 75-80%1,66299.34/cwt96.00–103.001,65113
Cows—Breaker 75-80%1,980115.00/cwt115.00–115.002,2771
Replacement Cattle · Bred Cows13 lots · lightest first
Bred Cows—Medium and Large 1Thin Fleshed8862,175.00/head2,175.00–2,175.002,17524
Bred Cows—Medium and Large 11,0731,800.00/head1,800.00–1,800.001,8004
Bred Cows—Medium and Large 11,1682,366.93/head2,100.00–2,500.002,36765
Bred Cows—Medium and Large 11,1702,077.25/head1,800.00–2,200.002,07733
Bred Cows—Medium and Large 11,19192.12/cwt91.00–94.001,0976
Bred Cows—Medium and Large 1Broken Mouth1,215107.00/cwt107.00–107.001,30026
Bred Cows—Medium and Large 1Broken Mouth1,2661,310.00/head1,310.00–1,310.001,31015
Bred Cows—Medium and Large 1Thin Fleshed1,3331,375.00/head1,375.00–1,375.001,3754
Bred Cows—Medium and Large 11,3491,319.52/head1,300.00–1,350.001,32013
Bred Cows—Medium and Large 11,3741,823.68/head1,400.00–1,925.001,82444
Bred Cows—Medium and Large 1-21,3771,800.00/head1,800.00–1,800.001,8003
Bred Cows—Medium and Large 11,4132,051.39/head2,000.00–2,225.002,05122
Bred Cows—Medium and Large 1Broken Mouth1,5571,700.00/head1,700.00–1,700.001,7006
Replacement Cattle · Stock Cows6 lots · lightest first
Stock Cows—Medium and Large 1Thin Fleshed768164.14/cwt140.00–170.001,26113
Stock Cows—Medium and Large 1960167.97/cwt130.00–187.001,613227
Stock Cows—Medium and Large 1-2989111.98/cwt102.50–117.501,1076
Stock Cows—Medium and Large 11,046138.17/cwt104.00–175.001,445118
Stock Cows—Medium and Large 1-21,210102.50/cwt102.50–102.501,2401
Stock Cows—Medium and Large 1Thin Fleshed1,24592.00/cwt92.00–92.001,1451
Replacement Cattle · Bred Heifers2 lots · lightest first
Bred Heifers—Medium and Large 1Thin Fleshed8411,631.63/head1,375.00–1,800.001,63212
Bred Heifers—Medium and Large 18782,302.27/head1,975.00–2,425.002,30294

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.