Sale reports / Montana / Public Auction Yards / 2024-02-21

Public Auction Yards

Feeder Cattle · Slaughter Cattle · Replacement Cattle · Billings, Montana · Wed, Feb 21
● Final58 lots reportedUSDA AMS · slug 1774
Feeder Cattle receipts
315 head
▲ 121 vs last sale 194▲ 282 vs year ago 33 · +854.5%
Slaughter Cattle receipts
580 head
▲ 127 vs last sale 453▲ 366 vs year ago 214 · +171.0%
Replacement Cattle receipts
274 head
▲ 150 vs last sale 124▲ 225 vs year ago 49 · +459.2%
View

Reporter comment USDA

As filed

Compared to last week: Feeder cattle offerings were were too lightly tested both this week and last to develop any market trend. Quality today was mostly plain to average. Most cattle were offered in small packages or as singles. Demand was mostly moderate despite a light, plain offering. Market activity today was mostly moderate. Weigh up cows comprised most of the sale this week. Demand was mostly good to very good for light to moderate offerings. Packers continue to buy both feeding and slaughter cows. Packers showed good demand for both feeding and slaughter cows this week as they pushed to own as much of the offering as possible. Quality today was average to very attractive with several sets of high quality cows off reputation ranchers on offer. Slaughter cows sold 5.00-9.00 higher on all classes. Slaughter cow prices around the country spiked this week as supplies of cows available are very tight. Both packers and feeding buyers showed very good demand for cows to feed as the heaviest demand months for ground beef are yet to come. Feeding cows sold mostly 4.00-9.00 higher. Weigh up conditions were mixed today but better than last week. Slaughter bulls sold mostly 4.00-7.00 higher in a narrow comparison. Young age cows were too lightly tested to develop a full market trend, steady to higher undertones were noticed. Demand from feeding and rebreed cow buyers continues to be good.

Weight classPick one — the panels below update

Steers · summary 0–100 lb

Weighted average of every reported lot
0–100 lb steers averaged $284.82/cwt on 107 head.
Average price
$284.82
107 head · 658 lb average
Value per head Derived
$1,874
Price × average weight ÷ 100
Grade differential Derived
−$104
per head · Medium and Large 1 over Medium and Large 2
$130.02/cwt at this weight
vs the market
−18.03
vs MT average

Price by quality 0–100 lb

Frame and muscle grade
Frame / muscleAvg wt$/cwt$/headHead
Medium and Large 1570311.021,77345
Large 1525300.001,5753thin
Medium and Large 1-2704271.761,91254
Medium and Large 21,037181.001,8775thin
One grade step is worth $130.02/cwt here — about −$104 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 sale107 hd
284.82
—
MT average3 barns · 1,470 hd
302.85
−18.03
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—Average1,845122.152,25464
CowsBreaker 75-80%Average1,539114.201,75765
CowsBoner 80-85%High1,378110.291,519228
CowsLean 85-90%Average1,159102.321,186207

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 Cows3rd Stage (7-9 mo)Young/Middle Aged (2-8 yrs)1,355$2,2252thin
Bred Cows3rd Stage (7-9 mo)Middle Aged/Aged (>5 yrs)1,357$2,02511
Bred Cows3rd Stage (7-9 mo)Aged (>8 yrs)1,411$1,91326
Cow-Calf PairsOpenMiddle Aged/Aged (>5 yrs)1,428$2,2509

Every lot

58 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 · Steers14 lots · lightest first
Steers—Medium and Large 1-2379356.15/cwt350.00–365.001,3507
Steers—Medium and Large 1400370.00/cwt370.00–370.001,4802
Steers—Medium and Large 1467354.72/cwt351.00–355.001,65714
Steers—Medium and Large 1-2473335.75/cwt332.50–337.501,5886
Steers—Medium and Large 1-2521320.49/cwt320.00–322.501,6705
Steers—Large 1525300.00/cwt300.00–300.001,5753
Steers—Medium and Large 1573314.00/cwt314.00–314.001,79912
Steers—Medium and Large 1-2609290.41/cwt285.00–294.001,76912
Steers—Medium and Large 1673266.00/cwt266.00–266.001,79017
Steers—Medium and Large 1-2675263.00/cwt263.00–263.001,7752
Steers—Medium and Large 1-2720253.97/cwt252.00–256.001,8292
Steers—Medium and Large 1-2979205.78/cwt197.50–208.002,01515
Steers—Medium and Large 1-21,022191.88/cwt190.50–194.001,9615
Steers—Medium and Large 21,037181.00/cwt181.00–181.001,8775
Feeder Cattle · Heifers4 lots · lightest first
Heifers—Medium and Large 1516297.34/cwt292.00–301.001,53411
Heifers—Medium and Large 1-2535273.21/cwt270.00–280.001,4626
Heifers—Medium and Large 1-2573269.00/cwt269.00–269.001,5419
Heifers—Medium and Large 1-2659236.44/cwt230.00–243.001,5584
Feeder Cattle · Bulls4 lots · lightest first
Bulls—Medium and Large 1415355.00/cwt355.00–355.001,4731
Bulls—Medium and Large 1-2475320.00/cwt320.00–320.001,5202
Bulls—Medium and Large 11,086200.00/cwt200.00–200.002,1727
Bulls—Large 11,158181.00/cwt181.00–181.002,0964
Slaughter Cattle · Bulls8 lots · lightest first
Bulls——Return to Feed1,155103.00/cwt103.00–103.001,1901
Bulls——Return to Feed1,283124.00/cwt124.00–124.001,5912
Bulls——Light Weight1,290101.52/cwt97.50–106.001,3102
Bulls——1,625110.35/cwt104.00–116.001,79313
Bulls——1,888122.79/cwt117.00–128.502,31827
Bulls——2,030132.28/cwt129.00–139.002,68517
Bulls——Heavy Weight2,500144.00/cwt144.00–144.003,6001
Bulls——Heavy Weight2,695121.00/cwt121.00–121.003,2611
Slaughter Cattle · Cows19 lots · lightest first
Cows—Lean 85-90%Light Weight954101.00/cwt101.00–101.009645
Cows—Lean 85-90%1,11583.60/cwt75.00–88.0093212
Cows—Lean 85-90%Return to Feed1,11699.47/cwt90.00–104.001,11058
Cows—Lean 85-90%1,160106.08/cwt104.00–109.001,23111
Cows—Lean 85-90%Return to Feed1,170107.41/cwt105.00–110.001,25755
Cows—Lean 85-90%1,19397.08/cwt92.50–104.001,15839
Cows—Lean 85-90%Return to Feed1,235112.66/cwt111.00–116.001,39127
Cows—Boner 80-85%Return to Feed1,300113.73/cwt113.25–114.501,47849
Cows—Boner 80-85%1,365112.79/cwt109.00–115.001,5406
Cows—Boner 80-85%1,384100.69/cwt92.00–104.001,3949
Cows—Boner 80-85%Return to Feed1,388102.26/cwt95.00–106.001,41914
Cows—Boner 80-85%Return to Feed1,393110.44/cwt107.00–113.001,53892
Cows—Boner 80-85%1,417110.31/cwt106.00–111.001,56358
Cows—Breaker 75-80%Return to Feed1,503113.40/cwt110.00–114.501,70435
Cows—Breaker 75-80%Return to Feed1,513116.11/cwt115.00–117.501,75712
Cows—Breaker 75-80%1,551112.18/cwt111.00–114.001,7409
Cows—Breaker 75-80%1,654117.52/cwt115.50–118.001,9447
Cows—Breaker 75-80%1,685107.00/cwt107.00–107.001,8031
Cows—Breaker 75-80%Heavy Weight2,040121.50/cwt121.50–121.502,4791
Replacement Cattle · Stock Cows4 lots · lightest first
Stock Cows—Medium and Large 1-2957157.37/cwt114.00–175.001,5069
Stock Cows—Medium and Large 1-2958118.95/cwt115.50–122.501,1408
Stock Cows—Medium and Large 1985180.63/cwt151.00–217.501,77969
Stock Cows—Medium and Large 11,024142.58/cwt110.00–175.001,46072
Replacement Cattle · Bred Cows4 lots · lightest first
Bred Cows—Medium and Large 1-21,3552,225.00/head2,225.00–2,225.002,2252
Bred Cows—Medium and Large 11,3572,025.00/head2,025.00–2,025.002,02511
Bred Cows—Medium and Large 1Broken Mouth1,3921,926.91/head1,925.00–1,950.001,92713
Bred Cows—Medium and Large 1Non-Legible BANGS1,4301,900.00/head1,900.00–1,900.001,90013
Replacement Cattle · Cow-Calf Pairs1 lot · lightest first
Cow-Calf Pairs—Medium and Large 1-21,4282,250.00/head2,250.00–2,250.002,2509

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.