Sale reports / Montana / Public Auction Yards / 2023-11-15

Public Auction Yards

Feeder Cattle · Slaughter Cattle · Replacement Cattle · Billings, Montana · Wed, Nov 15
● Final79 lots reportedUSDA AMS · slug 1774
Feeder Cattle receipts
692 head
▲ 446 vs last sale 246▼ 228 vs year ago 920 · −24.8%
Slaughter Cattle receipts
1,567 head
▼ 92 vs last sale 1,659▲ 583 vs year ago 984 · +59.2%
Replacement Cattle receipts
402 head
▼ 364 vs last sale 766▼ 1 vs year ago 403 · −0.2%
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Reporter comment USDA

As filed

Compared to last week: Yearling steers and heifers were too lightly tested this week or last to develop any market trend. Both steer and heifer calves were scarcely tested last week as that sale featured mostly bred heifers and cows. Feeder quality today was mixed from plain to average, with a limited offering of attractive cattle seen. Demand was mostly moderate to good for light to moderate offerings. Buyer participation was mostly active this sale with buyers both ringside and on the internet actively bidding on offerings. Market activity was mostly active this week. Weigh up cows sold on mostly moderate demand for heavy offerings. Slaughter cows sold 2.00-3.00 lower on all cows destined for immediate harvest. Demand for feeding cows was mostly moderate to good. Buyer participation was good again this week, as several buyers were active in buying cows to feed. Thin cows purchased to feed or turn out on corn stalks this winter sold 2.00-3.00 lower. High quality feeding cows suitable to feed to premium white sold 1.00-3.00 lower. Quality this week was average to very attractive with many long strings of reputation cows seen. Heavy supplies of cows continue to be seen a many ranchers are selling many open cows after preg. checking this fall. Some ranchers report astoundingly high open percentages as the breed up this year was very poor. Weigh up conditions were mixed today. Slaughter bulls were too lightly tested to develop a full market trend, however higher undertones were noticed on a higher quality offering. Feeding buyers helped create competition which pushed slaughter bull prices higher. Young age cows sold mostly steady. Quality was mostly average to attractive this week. Demand for these offerings was stronger this week as feeding buyers and rebreed buyers competed over offerings.

Weight classPick one — the panels below update

Heifers · summary 0–100 lb

Weighted average of every reported lot
0–100 lb heifers averaged $223.98/cwt on 204 head.
Average price
$223.98
204 head · 679 lb average
Value per head Derived
$1,521
Price × average weight ÷ 100
Grade differential Derived
$1,066
per head · Medium and Large 1 over Medium 2
$52.53/cwt at this weight
vs the market
−30.28
vs MT average

Price by quality 0–100 lb

Frame and muscle grade
Frame / muscleAvg wt$/cwt$/headHead
Medium and Large 1730227.531,661122
Medium and Large 1-2614227.211,39563
Medium 1455215.009781thin
Medium and Large 2504196.479907thin
Large 1954195.601,8665thin
Medium 2340175.005956thin
One grade step is worth $52.53/cwt here — about $1,066 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 sale204 hd
223.98
—
MT average5 barns · 5,526 hd
254.26
−30.28
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—High1,802109.971,98229
CowsBreaker 75-80%Low1,70992.961,58919
CowsBoner 80-85%High1,39889.031,244343
CowsLean 85-90%Very Low1,18077.80918382

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)1,149$1,78818
Bred Cows1st Stage (1-3 mo)Young (2-4 yrs)1,071$1,72323
Bred Cows2nd Stage (4-6 mo)Middle Aged/Aged (>5 yrs)1,328$1,45516
Bred Cows1st Stage (1-3 mo)Middle Aged/Aged (>5 yrs)1,293$1,42511
Bred Cows2nd Stage (4-6 mo)Aged (>8 yrs)1,316$1,4007
Bred Heifers2nd Stage (4-6 mo)(<2 yrs)1,107$1,9755

Every lot

79 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 · Steers18 lots · lightest first
Steers—Medium and Large 1-2Unweaned335337.50/cwt337.50–337.501,1314
Steers—Medium and Large 1-2Unweaned361330.00/cwt330.00–330.001,1915
Steers—Medium and Large 1Unweaned386340.00/cwt340.00–340.001,3127
Steers—Medium and Large 2Unweaned413240.00/cwt240.00–240.009915
Steers—Medium and Large 1-2Unweaned421310.93/cwt300.00–317.501,30926
Steers—Medium 2Unweaned431155.00/cwt155.00–155.006684
Steers—Medium and Large 1Unweaned436334.26/cwt330.00–337.501,45714
Steers—Medium and Large 1Unweaned466307.93/cwt305.00–315.001,43510
Steers—Medium and Large 1-2Unweaned472294.96/cwt285.00–300.001,3923
Steers—Medium and Large 1Unweaned511302.25/cwt290.00–315.001,54436
Steers—Medium and Large 1-2Unweaned522274.00/cwt274.00–274.001,4303
Steers—Medium and Large 1Unweaned571266.96/cwt254.00–273.001,52423
Steers—Medium and Large 1-2Unweaned584244.00/cwt244.00–244.001,4254
Steers—Medium and Large 2Unweaned593200.00/cwt200.00–200.001,1862
Steers—Medium and Large 1Unweaned602254.00/cwt254.00–254.001,52930
Steers—Large 1Unweaned620222.50/cwt222.50–222.501,3804
Steers—Medium and Large 1-2Unweaned638227.00/cwt227.00–227.001,4483
Steers—Medium and Large 1-2Unweaned742214.00/cwt214.00–214.001,58814
Feeder Cattle · Heifers22 lots · lightest first
Heifers—Medium 2340175.00/cwt175.00–175.005956
Heifers—Medium and Large 1-2Unweaned372265.00/cwt265.00–265.009863
Heifers—Medium and Large 1-2Unweaned439258.03/cwt245.00–272.501,13315
Heifers—Medium 1455215.00/cwt215.00–215.009781
Heifers—Medium and Large 1Unweaned471267.50/cwt267.50–267.501,2607
Heifers—Medium and Large 1-2Unweaned479237.87/cwt225.00–249.001,13915
Heifers—Medium and Large 2Unweaned504196.47/cwt191.00–210.009907
Heifers—Medium and Large 1Unweaned536247.92/cwt246.00–252.001,32915
Heifers—Medium and Large 1Unweaned557246.84/cwt243.00–247.501,37527
Heifers—Medium and Large 1Unweaned621235.00/cwt235.00–235.001,4595
Heifers—Medium and Large 1-2640220.00/cwt220.00–220.001,4083
Heifers—Medium and Large 1-2Unweaned672208.00/cwt208.00–208.001,3987
Heifers—Medium and Large 1Unweaned673218.00/cwt218.00–218.001,4672
Heifers—Large 1Unweaned708210.00/cwt210.00–210.001,4872
Heifers—Medium and Large 1810218.00/cwt218.00–218.001,76635
Heifers—Medium and Large 1-2836195.00/cwt195.00–195.001,63011
Heifers—Medium and Large 1-2858202.00/cwt202.00–202.001,7335
Heifers—Medium and Large 1899208.00/cwt208.00–208.001,87015
Heifers—Medium and Large 1-2923202.50/cwt202.50–202.501,8694
Heifers—Medium and Large 1972202.41/cwt198.50–204.001,9677
Heifers—Medium and Large 11,068191.59/cwt188.00–194.502,0469
Heifers—Large 11,118186.00/cwt186.00–186.002,0793
Feeder Cattle · Bulls2 lots · lightest first
Bulls—Medium and Large 1Unweaned463305.00/cwt305.00–305.001,4123
Bulls—Medium and Large 1Unweaned640213.00/cwt213.00–213.001,3633
Slaughter Cattle · Bulls4 lots · lightest first
Bulls——Return to Feed1,620106.90/cwt106.00–108.001,7325
Bulls——1,747104.02/cwt93.00–107.001,81713
Bulls——1,914111.29/cwt109.00–114.002,1306
Bulls——1,995126.94/cwt120.00–130.002,5325
Slaughter Cattle · Cows20 lots · lightest first
Cows—Lean 85-90%Light Weight91363.52/cwt60.00–74.005806
Cows—Lean 85-90%Light Weight94140.94/cwt40.00–45.003859
Cows—Lean 85-90%Return to Feed97662.82/cwt62.00–63.006136
Cows—Lean 85-90%Light Weight99575.00/cwt75.00–75.007461
Cows—Lean 85-90%1,13059.39/cwt47.50–65.0067112
Cows—Lean 85-90%Return to Feed1,14074.11/cwt64.00–79.0084583
Cows—Lean 85-90%Return to Feed1,18497.05/cwt92.00–100.001,14915
Cows—Lean 85-90%1,18673.77/cwt68.00–79.0087553
Cows—Lean 85-90%Return to Feed1,22283.06/cwt79.50–90.001,015165
Cows—Lean 85-90%1,23580.71/cwt79.00–86.0099732
Cows—Boner 80-85%1,38087.50/cwt87.50–87.501,2081
Cows—Boner 80-85%Return to Feed1,39290.75/cwt85.00–96.501,263273
Cows—Boner 80-85%Return to Feed1,39482.32/cwt76.00–85.501,14834
Cows—Boner 80-85%Return to Feed1,399102.70/cwt98.50–106.001,4374
Cows—Boner 80-85%1,45479.48/cwt74.00–84.001,15631
Cows—Breaker 75-80%Return to Feed1,61891.54/cwt91.00–93.001,4814
Cows—Breaker 75-80%1,630102.50/cwt102.50–102.501,6711
Cows—Breaker 75-80%1,70489.23/cwt88.50–92.001,5207
Cows—Breaker 75-80%Return to Feed1,73995.90/cwt95.50–98.001,6686
Cows—Breaker 75-80%Heavy Weight2,00597.50/cwt97.50–97.501,9551
Replacement Cattle · Stock Cows4 lots · lightest first
Stock Cows—Medium and Large 1923161.44/cwt112.50–172.001,490129
Stock Cows—Medium and Large 1-2955127.80/cwt112.50–140.001,22018
Stock Cows—Medium and Large 1-2967100.00/cwt100.00–100.009678
Stock Cows—Medium and Large 11,017122.29/cwt89.00–152.501,24460
Replacement Cattle · Bred Heifers1 lot · lightest first
Bred Heifers—Medium and Large 11,1071,975.00/head1,975.00–1,975.001,9755
Replacement Cattle · Bred Cows8 lots · lightest first
Bred Cows—Medium and Large 1-21,0181,545.33/head1,450.00–1,650.001,5454
Bred Cows—Medium and Large 1-21,0671,418.83/head1,400.00–1,500.001,41910
Bred Cows—Medium and Large 11,0741,956.89/head1,875.00–2,050.001,95713
Bred Cows—Medium and Large 11,1871,857.35/head1,725.00–1,975.001,85714
Bred Cows—Medium and Large 11,2931,425.00/head1,425.00–1,425.001,42511
Bred Cows—Medium and Large 1Broken Mouth1,3161,400.00/head1,400.00–1,400.001,4007
Bred Cows—Medium and Large 11,3281,454.67/head1,350.00–1,500.001,45516
Bred Cows—Medium and Large 11,48397.00/cwt97.00–97.001,4392

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.