Cattle Market Pulse

Billings Livestock Commission Cattle Auction Market Report

Billings, Montana · USDA-reported Auction Livestock

Sale of Thursday, May 20, 2021

1,378 head sold ·Official USDA report

This is an archived report. See the latest Billings Livestock Commission Cattle Auction report →

heavy 6-weight M&L 1-2 steers $138.88/cwt -0.12 vs last sale · ≈ $904/hd at 651 lb · 25 head
heavy 6-weight M&L 1 heifers $142.50/cwt +22.50 vs last sale · ≈ $936/hd at 657 lb · 23 head
heavy 5-weight M&L 1 heifers $148.79/cwt -0.21 vs last sale · ≈ $844/hd at 567 lb · 17 head
HeadThis saleLast saleLast year
Total receipts 1,378 1,660 1,044
Feeder cattle 314 510 192
Slaughter cattle 559 806 132
Replacement cattle 505 344 720

Compared to last week: Feeder cattle were all too lightly tested to develop an accurate market trend, however higher undertones were noticed on steers and steady to higher undertones on heifers. Demand was mostly moderate to good. Good demand was seen for high quality, light fleshed offerings. Demand for plain or crossbred offerings was not as robust, however demand was better than last week. Corn prices have fallen sharply over the couple few weeks which has helped improve demand for feeder cattle. Quality was mostly plain to average this week. CME positions traded mostly lower today with the nearby May contract closing 0.825 lower at 135.75, while the August closed 1.80 lower at 151.075. Market activity this week was mostly moderate. Weigh up cows sold on light to moderate demand for heavy offerings. Packers opted to put the majority of the cow offering on feed this week. Heavy supplies of cows continue to be marketed as drought conditions continue across the Dakotas and western Minnesota. The cutter cow cutout continues to increase in value as retailers continue to buy ground beef for the upcoming Memorial day holiday. Packers opted only to send cows not suitable to feed to slaughter this sale. Most of these cows are destined for short term feed or a holding ration until packers can find shackle space for these cows. Slaughter cows sold mostly 1.00-3.00 lower on boning and lean cows. Breaking cows sold fully steady as very few of this class of cow is being offered across the Northern Plains due to drought. Slaughter bulls sold generally steady on a lower quality offering than was seen last week. Young age cows suitable to feed or rebreed sold steady to 5.00 lower. A heavy offering of thin or plain offerings was seen this week. While steady prices were seen on high quality cows suitable to rebreed. Feeding quality cows sold mostly lower.

New to these tables? Plain-English explainers ↓

Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
476–495 484 12 167.50–171.00 $168.99 $818
523 523 6 165.00 $165.00 $863
650–665 651 25 137.00–140.00 $138.88 $904
700 700 2 134.00 $134.00 $938
Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
609 609 10 165.00 $165.00 $1,005 +4.87
735–749 747 14 144.00–153.00 $151.73 $1,133
755–785 769 4 139.00–140.00 $139.50 $1,073 +3.50
962 962 16 119.50 $119.50 $1,150
Medium 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
613 613 4 132.00 $132.00 $809
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1255 1255 2 117.00 $117.00 $1,468

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
561–581 567 17 146.00–150.00 $148.79 $844 -0.21
657 657 23 142.50 $142.50 $936 +6.50
702–714 706 17 126.00–129.50 $128.53 $907 -8.47
760 760 1 122.00 $122.00 $927 +1.00
815 815 3 116.00 $116.00 $945 +1.46
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
394 394 6 148.00 $148.00 $583
482 482 9 147.00 $147.00 $709
523 523 2 145.00 $145.00 $758 -3.00
583–588 587 13 140.00–142.00 $141.69 $832 +3.69
745 745 1 119.00 $119.00 $887
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
485 485 4 134.00 $134.00 $650
583 583 9 124.50 $124.50 $726
Medium 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
504 504 5 124.00 $124.00 $625

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
802–841 814 13 110.50–114.50 $113.23 $922 -2.27
898 898 2 106.00 $106.00 $952
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
548 548 5 122.50 $122.50 $671
635 635 2 122.00 $122.00 $775
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1205 1205 1 94.00 $94.00 $1,133

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Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1230–1575 1373 80-85% 76 59.00–69.00 $65.58 $900 -6.71
1295–1506 1414 80-85% 82 68.50–74.50 $72.75 $1,029 +8.66
1308–1565 1417 80-85% 16 51.00–58.00 $54.98 $779 -9.11
1330–1534 1425 80-85% 22 60.00–65.50 $62.24 $887 +0.77
1346–1590 1434 80-85% 27 53.50–62.00 $58.76 $843 -2.71
1460 1460 80-85% 1 71.00 $71.00 $1,037 +5.03
Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
920 920 85-90% 1 63.00 $63.00 $580
865–960 924 85-90% 4 48.00–55.00 $50.77 $469
983–1158 1050 85-90% 6 41.00–43.00 $42.67 $448
980–1365 1160 85-90% 66 47.00–59.00 $54.06 $627 -17.51
1015–1310 1202 85-90% 21 55.50–58.00 $56.84 $683 -6.50
1110–1305 1208 85-90% 52 57.50–66.00 $61.82 $747 -1.52
1140–1298 1227 85-90% 7 69.50–73.50 $71.32 $875 +8.82
1075–1340 1254 85-90% 41 58.00–64.50 $60.31 $756
Breaker ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1448–1705 1539 75-80% 19 60.00–63.00 $61.70 $950
1474–1890 1590 75-80% 14 65.00–70.50 $68.41 $1,088 +0.75
1620–1975 1753 75-80% 8 71.50–74.50 $72.17 $1,265

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YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1500 1500 1 91.00 $91.00 $1,365
1300–2120 1622 6 72.00–82.00 $78.10 $1,267 -1.94
1455–2143 1847 12 84.00–91.00 $86.90 $1,605 -0.33
1755–2320 2032 15 93.00–104.50 $97.69 $1,985

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
910 thin fleshed 910 (<2 yrs)Open 1 72.00 $72.00 $655
710–1285 964 (<2 yrs)Open 195 63.00–103.00 $89.10 $859
847–1260 thin fleshed 1026 Young (2-4 yrs)Open 17 51.00–70.00 $57.54 $590
820–1375 1054 Young (2-4 yrs)Open 76 58.00–90.00 $68.45 $721
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
855 855 Young (2-4 yrs)Open 1 72.00 $72.00 $616
880 thin fleshed 880 (<2 yrs)Open 1 65.00 $65.00 $572
925–1045 978 (<2 yrs)Open 7 62.00–75.00 $65.40 $640
1036 thin fleshed 1036 Young (2-4 yrs)Open 7 52.00 $52.00 $539

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Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1099–1445 1109 Young (2-4 yrs)2nd Stage (4-6 mo) 33 900.00–975.00 $972.04
1147 1147 Young/Middle Aged (2-8 yrs)2nd Stage (4-6 mo) 7 800.00 $800.00
1155 thin fleshed 1155 Aged (>8 yrs)3rd Stage (7-9 mo) 6 600.00 $600.00
1170–1190 1188 Young (2-4 yrs)3rd Stage (7-9 mo) 18 1,050.00–1,085.00 $1,081.15
1286 thin fleshed 1286 Middle Aged/Aged (>5 yrs)3rd Stage (7-9 mo) 7 800.00 $800.00
1362 1362 Young/Middle Aged (2-8 yrs)3rd Stage (7-9 mo) 3 1,050.00 $1,050.00
Medium and Large 1-2 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1114 1114 Young (2-4 yrs)2nd Stage (4-6 mo) 4 750.00 $750.00

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Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
925 925 Young (2-4 yrs)3rd Stage (7-9 mo) 16 950.00 $950.00

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Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $ Δ last sale
1300–1331 thin fleshed 1321 Middle Aged (5-8 yrs)Open 9 1,200.00–1,225.00 $1,216.80
1329 thin fleshed 1329 Aged (>8 yrs)Open 7 1,100.00 $1,100.00
1376 thin fleshed 1376 Young/Middle Aged (2-8 yrs)Open 10 1,350.00 $1,350.00
Medium and Large 1-2 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $ Δ last sale
1228 1228 Young (2-4 yrs)Open 4 1,275.00 $1,275.00
1197–1303 thin fleshed 1239 Young (2-4 yrs)Open 5 1,150.00 $1,150.00

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What does "Medium and Large 1" mean?

USDA feeder grades describe frame size and muscle thickness, not quality of the individual animal. "Medium and Large" is the frame score; the number is muscle (1 = heaviest muscled). "Medium and Large 1–2" pens mix both muscle scores — common across the Southeast.

What is $/cwt?

Dollars per hundredweight — per 100 lb of animal. A 500-lb calf at $450/cwt brings 5 × $450 = $2,250. Lighter cattle usually bring more per cwt but less per head.

Why are some prices per head?

Bred cows, cow-calf pairs, and some replacement classes sell by the head, not by weight. We show those exactly as USDA reports them — a $/head figure is never converted into $/cwt on this site.

Where do these numbers come from?

From the USDA Agricultural Marketing Service's Livestock Market News — federal reporters at the sale. We publish each report in full and link the official USDA document at the top of the page.