Cattle Market Pulse

Billings Livestock Commission Cattle Auction Market Report

Billings, Montana · USDA-reported Auction Livestock

Sale of Thursday, October 7, 2021

6,040 head sold ·Official USDA report

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

heavy 4-weight M&L 1 steers $179.88/cwt ≈ $847/hd at 471 lb · 536 head
heavy 4-weight M&L 1 heifers $157.70/cwt ≈ $745/hd at 473 lb · 431 head
light 4-weight M&L 1 steers $195.94/cwt ≈ $819/hd at 418 lb · 428 head
HeadThis saleLast saleLast year
Total receipts 6,040 3,603 2,358
Feeder cattle 5,107 432 1,990
Slaughter cattle 478 1,826 240
Replacement cattle 455 1,345 128

Compared to last week: All feeder cattle were scarcely tested last sale as it featured bred cows, thus comparisons are not available. Todays sale was comprised mostly of spring born calves. Quality this sale was average to very attractive. Many sets of reputation cattle were seen this sale. Demand for calves was slightly uneven, but most offerings sold with moderate to good demand. Transportation was the biggest factor limiting demand this sale, as trucks are unprecedently tight. Drought conditions and early marketing's coupled with heavy cow movement has truck availability very tight. This led to large and often overlapping price spreads at times. Many feeders in the state have opted to sell their feed and yard space to ranchers for cows instead of feeding calves this year. This has also put some pressure on the market as many offerings that normally sell to local feeders have no place available to feed. Vaccinations were also vital as buyers offered strong premiums for calves with both spring and fall shots. Several sets of weaned calves were seen this week. Many sets of calves have been weaned since the beginning of August due to extremely dry conditions. CME positions saw strong positive movement today as triple digit gains were seen. The October and November feeder cattle contracts closed 3.55 and 3.475 higher respectively. Market activity was mostly active with many buyers ringside actively bidding on offerings. Weigh up cows sold on mostly light demand for moderate offerings. Packers showed very light to light demand for cows for immediate harvest. Heavy supplies of cows have been seen over the last few weeks and packers have started to pack up prices. Slaughter cows sold mostly 5.00-8.00 lower on boning and lean cows. Breaking cows were not tested. Most cows were extremely thin and very full this sale. Feeding cows sold mostly 3.00-5.00 lower, again comparisons were difficult due to poor weigh up conditions. Slaughter bulls sold fully steady. Cows suitable to rebreed sold on mostly good demand. Quality this week was mostly attractive with many one iron home-raised offerings. Offerings sold mostly 5.00 higher.

New to these tables? Plain-English explainers ↓

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
299 unweaned 299 7 213.00 $213.00 $637
300–343 unweaned 338 44 202.50–223.50 $220.80 $746
340 340 6 207.50 $207.50 $706
356–394 unweaned 376 67 197.00–218.00 $209.15 $786
408 408 72 202.00–217.00 $209.50 $855
404–446 unweaned 420 356 184.00–203.00 $193.20 $811
451–490 unweaned 471 536 174.00–187.50 $179.88 $847
523 523 6 172.00 $172.00 $900
508–549 unweaned 527 362 166.00–177.00 $171.22 $902
551–593 unweaned 562 152 158.00–168.00 $163.81 $921
564 564 4 167.00 $167.00 $942
629 629 14 162.00 $162.00 $1,019
602–646 unweaned 631 258 155.00–168.00 $161.66 $1,020
650–675 unweaned 665 19 157.00–163.00 $161.80 $1,076
830–844 836 10 146.50–150.00 $148.59 $1,242
899 899 32 147.50 $147.50 $1,326
946 946 15 142.50 $142.50 $1,348
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
268 unweaned 268 5 197.50 $197.50 $529
357–392 unweaned 385 61 189.00–194.00 $190.39 $733
415–441 unweaned 427 103 164.00–180.00 $174.80 $746
438 438 28 179.00 $179.00 $784
479 479 8 170.00 $170.00 $814
473–494 unweaned 484 36 167.00–171.00 $169.26 $819
501–509 unweaned 505 33 148.50–161.00 $156.27 $789
570–578 unweaned 575 15 155.00–156.00 $155.40 $894
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
421 unweaned 421 7 184.00 $184.00 $775
483–497 unweaned 493 58 168.50–170.00 $169.54 $836
553 unweaned 553 5 154.00 $154.00 $852
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
377 unweaned 377 6 160.00 $160.00 $603
444 unweaned 444 51 160.75 $160.75 $714
523 unweaned 523 5 140.00 $140.00 $732
Medium 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
328 328 6 184.00 $184.00 $604
408 unweaned 408 5 175.00 $175.00 $714
413 413 16 179.00 $179.00 $739
Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
796 796 10 135.00 $135.00 $1,075
811 811 10 136.00 $136.00 $1,103
Medium 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
363 unweaned 363 14 170.00 $170.00 $617

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
281–290 unweaned 287 27 189.00–190.00 $189.29 $543
310–345 unweaned 321 43 174.00–185.00 $181.19 $582
350–399 unweaned 378 213 167.00–177.00 $172.76 $653
396 396 39 163.00 $163.00 $645
405–438 unweaned 424 210 157.00–172.00 $165.81 $703
454 fancy 454 101 168.00 $168.00 $763
450–497 unweaned 478 322 150.50–160.00 $154.81 $740
489 489 8 144.00 $144.00 $704
502–531 unweaned 513 335 145.00–159.50 $154.31 $792
551 551 15 148.00 $148.00 $815
551–589 unweaned 572 95 141.00–153.50 $148.28 $848
633–647 unweaned 641 32 145.00–148.50 $147.84 $948
863–895 871 45 139.50–142.75 $140.26 $1,222
927 927 6 139.25 $139.25 $1,291
990–998 998 20 129.00–132.25 $132.09 $1,318 +0.79
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
333 unweaned 333 6 167.00 $167.00 $556
369–374 unweaned 373 24 162.00–166.00 $165.18 $616
403 403 4 145.00 $145.00 $584
415–419 unweaned 417 67 152.50–155.00 $153.12 $639
458–493 unweaned 489 35 142.00–146.00 $144.89 $709
553–564 unweaned 558 18 136.00–138.00 $137.10 $765
878 878 6 135.50 $135.50 $1,190
933 933 10 125.50 $125.50 $1,171
Medium 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
410–449 unweaned 428 56 149.00–156.00 $153.06 $655
499 unweaned 499 24 145.00 $145.00 $724
742–745 744 7 144.00 $144.00 $1,071
Medium 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
307 unweaned 307 8 160.00 $160.00 $491
391 unweaned 391 15 146.00 $146.00 $571
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1030 1030 11 130.00 $130.00 $1,339
1083–1094 1087 10 122.50–127.50 $125.49 $1,364
Medium 2-3 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
410 unweaned 410 8 125.00 $125.00 $512
Small 2-3 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
370 unweaned 370 8 110.00 $110.00 $407
Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
831 831 4 114.00 $114.00 $947

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
346 unweaned 346 9 202.00 $202.00 $699
408 unweaned 408 6 185.00 $185.00 $755
476 unweaned 476 4 162.00 $162.00 $771
512 512 25 159.00 $159.00 $814
503–547 unweaned 522 32 146.00–155.50 $151.44 $791
580–599 unweaned 587 16 137.00–144.50 $142.28 $835
610–646 unweaned 637 8 140.00 $140.00 $892
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
440 unweaned 440 4 164.00 $164.00 $722

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Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1125 1125 85-90% 8 38.50 $38.50 $433
910–1341 1178 85-90% 70 31.00–42.00 $37.85 $446 -13.71
1174–1382 1232 85-90% 27 41.00–46.00 $42.99 $530 -9.90
1290 1290 85-90% 52 52.00 $52.00 $671 -7.22
1345 1345 85-90% 3 51.50 $51.50 $693
Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1347–1465 1388 80-85% 5 44.00–47.50 $46.24 $642 -13.29
1420 1420 80-85% 4 41.00 $41.00 $582 -21.47
1435 1435 80-85% 1 70.00 $70.00 $1,004 +7.53
1318–1660 1462 80-85% 60 44.00–57.00 $51.58 $754 -22.62
1495 1495 80-85% 1 57.00 $57.00 $852 -17.20
1425–1583 1534 80-85% 40 56.50–64.00 $57.04 $875

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YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1630–1970 1753 3 63.00–74.00 $67.12 $1,177
1655–2010 1785 5 80.00–85.00 $82.56 $1,474
1870 1870 1 84.00 $84.00 $1,571 +0.26

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
795–1010 891 (<2 yrs)Open 255 84.00–115.75 $104.69 $933
810–1282 1114 Young (2-4 yrs)Open 49 59.00–80.00 $72.38 $806
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
863 863 Young (2-4 yrs)Open 6 63.00 $63.00 $544
910–955 933 (<2 yrs)Open 2 62.50–75.00 $68.60 $640

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Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1163 1163 Young (2-4 yrs)1st Stage (1-3 mo) 5 1,050.00 $1,050.00
1213 1213 Young (2-4 yrs)1st/2nd Stage (1-6 mo) 15 1,210.00 $1,210.00

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
824 824 Young (2-4 yrs)1st/2nd Stage (1-6 mo) 11 142.50 $142.50 $1,174

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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.