Sale reports / Montana / Public Auction Yards / 2023-10-25

Public Auction Yards

Feeder Cattle · Slaughter Cattle · Replacement Cattle · Billings, Montana · Wed, Oct 25
● Final69 lots reportedUSDA AMS · slug 1774
Feeder Cattle receipts
465 head
▲ 206 vs last sale 259▲ 60 vs year ago 405 · +14.8%
Slaughter Cattle receipts
615 head
▼ 276 vs last sale 891▼ 371 vs year ago 986 · −37.6%
Replacement Cattle receipts
202 head
▼ 590 vs last sale 792▼ 193 vs year ago 395 · −48.9%
View

Reporter comment USDA

As filed

Compared to last week: Feeder steers and heifers were too lightly tested to develop an accurate market trend, however lower undertones were noticed on all offerings. The first snow storm of the season is underway with freezing rain falling late last night and snow starting this morning. Offerings were light as a result. Quality was mostly plain to average today and mostly offered in very small packages or as singles. With sharply colder temperatures seen today along with rain and snow, many sets of calves were showing signs of stress. Demand for feeders was mostly light. Not as many buyers were active in purchasing feeders this week. Market activity was mostly slow. Weigh up cows sold on mostly light to moderate demand and offerings. Slaughter cows sold on light demand again this week. Packers continue to purchase the majority of the cow offering to put on feed and are only sending very poor or lame cows to immediate harvest. Slaughter cows sold mostly 1.00 to 3.00 lower on boning and lean cows; breaking cows sold mostly steady to frim. 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 1.00-2.00 lower. High quality feeding cows suitable to feed to premium white sold steady to weak. Weigh up conditions were average to below average this sale. With the change of weather many cows and bulls were pushing heavy amounts of fill. Slaughter bulls sold generally steady. Cow quality today was mostly average. Several packages of young age cows sold this week. Demand for these offerings was mostly light to moderate. Demand from feeding buyers lightened significantly this week as CME positions sold off sharply. Young age cows sold 5.00-8.00 lower.

Weight classPick one — the panels below update

Heifers · summary 0–100 lb

Weighted average of every reported lot
0–100 lb heifers averaged $247.77/cwt on 156 head.
Average price
$247.77
156 head · 600 lb average
Value per head Derived
$1,486
Price × average weight ÷ 100
Grade differential Derived
−$576
per head · Medium and Large 1 over Large 1
$67.11/cwt at this weight
vs the market
−14.58
vs MT average

Price by quality 0–100 lb

Frame and muscle grade
Frame / muscleAvg wt$/cwt$/headHead
Medium and Large 1529262.611,38999
Medium and Large 1-2696224.551,56252
Large 11,005195.501,9655thin
One grade step is worth $67.11/cwt here — about −$576 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
247.77
—
MT average5 barns · 3,794 hd
262.35
−14.58
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—Low1,66899.461,65932
CowsBreaker 75-80%Average1,61797.921,58320
CowsBoner 80-85%Average1,37195.441,309142
CowsLean 85-90%Low1,20885.401,031261

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 Cows2nd Stage (4-6 mo)Young (2-4 yrs)1,173$1,79917
Bred Cows1st Stage (1-3 mo)Young (2-4 yrs)1,068$1,7724thin
Bred Cows2nd Stage (4-6 mo)Middle Aged (5-8 yrs)1,235$1,3252thin

Every lot

69 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 · Steers16 lots · lightest first
Steers—Medium and Large 1Unweaned320357.50/cwt357.50–357.501,1447
Steers—Medium and Large 1-2Unweaned357325.00/cwt325.00–325.001,1606
Steers—Medium and Large 1Unweaned376347.50/cwt347.50–347.501,30718
Steers—Medium and Large 1-2Unweaned432289.59/cwt285.00–292.501,2516
Steers—Medium 2Unweaned458150.00/cwt150.00–150.006872
Steers—Medium and Large 1Full473286.00/cwt286.00–286.001,3532
Steers—Medium and Large 1Unweaned476290.50/cwt290.50–290.501,38325
Steers—Medium and Large 1Unweaned515277.00/cwt277.00–277.001,4274
Steers—Medium and Large 1-2Unweaned534256.01/cwt252.50–262.501,36711
Steers—Medium and Large 1Unweaned553250.00/cwt250.00–250.001,38312
Steers—Medium and Large 1-2Unweaned590238.00/cwt238.00–238.001,40412
Steers—Medium and Large 1-2Unweaned623221.00/cwt221.00–221.001,3774
Steers—Medium and Large 2701238.50/cwt238.50–238.501,6727
Steers—Medium and Large 1-2811219.00/cwt219.00–219.001,7767
Steers—Medium and Large 1-2931204.00/cwt204.00–204.001,8995
Steers—Medium and Large 11,040207.50/cwt207.50–207.502,1582
Feeder Cattle · Heifers15 lots · lightest first
Heifers—Medium and Large 1Unweaned349300.00/cwt300.00–300.001,04720
Heifers—Medium and Large 1Unweaned373280.00/cwt280.00–280.001,0445
Heifers—Medium and Large 1Unweaned419282.08/cwt270.00–283.001,18239
Heifers—Medium and Large 1Unweaned470265.00/cwt265.00–265.001,2462
Heifers—Medium and Large 1-2Unweaned483256.00/cwt256.00–256.001,2366
Heifers—Medium and Large 1Unweaned515251.00/cwt251.00–251.001,2934
Heifers—Medium and Large 1-2Unweaned519236.83/cwt230.00–240.001,22919
Heifers—Medium and Large 1Unweaned566225.02/cwt221.00–230.001,27411
Heifers—Medium and Large 1-2715228.00/cwt228.00–228.001,63010
Heifers—Medium and Large 1860216.00/cwt216.00–216.001,8581
Heifers—Medium and Large 1914212.00/cwt212.00–212.001,9389
Heifers—Medium and Large 1-2927201.33/cwt200.00–204.001,86612
Heifers—Large 11,005195.50/cwt195.50–195.501,9655
Heifers—Medium and Large 1-21,030189.00/cwt189.00–189.001,9475
Heifers—Medium and Large 11,108183.00/cwt183.00–183.002,0288
Feeder Cattle · Bulls6 lots · lightest first
Bulls—Medium and Large 1-2Unweaned465265.00/cwt265.00–265.001,2324
Bulls—Medium and Large 1Unweaned563221.00/cwt221.00–221.001,2444
Bulls—Medium and Large 1-2Unweaned620198.00/cwt198.00–198.001,2283
Bulls—Medium and Large 1Unweaned648219.00/cwt219.00–219.001,41912
Bulls—Medium and Large 1-2975131.00/cwt131.00–131.001,2773
Bulls—Large 11,020160.00/cwt160.00–160.001,6321
Slaughter Cattle · Bulls6 lots · lightest first
Bulls——Light Weight1,30084.98/cwt80.00–90.001,1052
Bulls——Return to Feed1,51394.32/cwt86.00–102.001,42716
Bulls——Return to Feed1,713108.00/cwt108.00–108.001,8502
Bulls——1,72798.38/cwt94.00–104.001,6995
Bulls——2,023108.86/cwt106.00–115.002,2024
Bulls——2,135120.15/cwt119.50–120.502,5653
Slaughter Cattle · Cows17 lots · lightest first
Cows—Lean 85-90%Light Weight88063.00/cwt63.00–63.005541
Cows—Lean 85-90%Light Weight89556.00/cwt56.00–56.005011
Cows—Lean 85-90%1,13164.07/cwt50.00–73.007259
Cows—Lean 85-90%Return to Feed1,17398.94/cwt97.50–103.501,16126
Cows—Lean 85-90%1,18388.49/cwt88.00–89.001,0472
Cows—Lean 85-90%Return to Feed1,21790.14/cwt84.50–96.501,097104
Cows—Lean 85-90%Return to Feed1,21782.42/cwt75.00–85.001,00365
Cows—Lean 85-90%1,22177.61/cwt71.00–84.0094853
Cows—Boner 80-85%Return to Feed1,34698.77/cwt94.00–104.501,32984
Cows—Boner 80-85%1,35492.72/cwt92.00–93.001,2554
Cows—Boner 80-85%Return to Feed1,38587.59/cwt80.00–92.001,21329
Cows—Boner 80-85%1,39081.03/cwt72.50–91.001,12612
Cows—Boner 80-85%Return to Feed1,494105.57/cwt105.00–109.001,57713
Cows—Breaker 75-80%Return to Feed1,53894.94/cwt94.50–95.001,4609
Cows—Breaker 75-80%Return to Feed1,638109.00/cwt109.00–109.001,7853
Cows—Breaker 75-80%1,69692.19/cwt87.00–95.001,5645
Cows—Breaker 75-80%1,698105.31/cwt104.00–106.001,7883
Replacement Cattle · Stock Cows6 lots · lightest first
Stock Cows—Medium and Large 1-2720125.00/cwt125.00–125.009001
Stock Cows—Medium and Large 1Thin Fleshed725155.00/cwt155.00–155.001,1241
Stock Cows—Medium and Large 1Thin Fleshed860105.00/cwt105.00–105.009031
Stock Cows—Medium and Large 1915164.89/cwt120.50–177.501,50989
Stock Cows—Medium and Large 11,027126.87/cwt102.00–155.001,30378
Stock Cows—Medium and Large 1-21,07593.08/cwt90.00–95.501,0012
Replacement Cattle · Bred Cows3 lots · lightest first
Bred Cows—Medium and Large 11,0681,772.14/head1,700.00–1,800.001,7724
Bred Cows—Medium and Large 11,1731,798.53/head1,750.00–1,850.001,79917
Bred Cows—Medium and Large 11,2351,325.00/head1,325.00–1,325.001,3252

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.