Cattle Market Pulse

Billings Livestock Commission Cattle Auction Market Report

Billings, Montana · USDA-reported Auction Livestock

Sale of Thursday, August 24, 2023

732 head sold ·Official USDA report

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

light 8-weight M&L 1 steers $252.32/cwt ≈ $2,031/hd at 805 lb · 46 head
heavy 8-weight M&L 1 heifers $219.65/cwt +7.73 vs last sale · ≈ $1,926/hd at 877 lb · 41 head
light 8-weight M&L 1 heifers $227.47/cwt +13.58 vs last sale · ≈ $1,843/hd at 810 lb · 27 head
HeadThis saleLast saleLast year
Total receipts 732 852 1,468
Feeder cattle 303 316 948
Slaughter cattle 401 494 411
Replacement cattle 28 42 109

Compared to last sale(8/10/23): The best comparison today was for 800-899 lbs heifers which sold mostly 10.00 higher in a narrow comparison. All other weights of feeder cattle were too lightly tested to develop any market trend. Quality today was mostly plain to average. Most cattle were in light flesh and as they were coming off grass. Cattle were mostly offered in small packages or as singles. Market activity was mostly active this week. Weigh up cows sold on mostly good to very good demand for light to moderate offerings. Packers showed very good demand for slaughter cows today and opted to send all cows purchased to immediate harvest. Slaughter cows sold steady on breaking cows. Boning cows sold steady to 1.00 higher. Lean cows sold mostly 3.00-5.00 higher as this class saw good demand from feeding cow buyers. Feeding cows sold on very good demand this sale as several order-buyers were very competitive as they bid on attractive offerings. Feeding cows sold mostly steady. Slaughter bulls sold mostly steady to weak. Weigh up conditions were mostly average to below average this week. Many cows and bulls were full as warm weather had most offerings pushing heavy amounts of fill. Young age cows suitable to feed or rebreed were too lightly tested to develop any market trend. Quality this week was mostly average. Demand for young age cows remains good as both feeding and rebreed buyers continue to show good demand for young cows.

New to these tables? Plain-English explainers ↓

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
275 unweaned 275 2 355.00 $355.00 $976
363–395 unweaned 373 13 325.00–345.00 $338.11 $1,261
490 unweaned 490 2 285.00 $285.00 $1,396
705–723 714 4 267.00 $267.00 $1,906
800–836 805 46 252.00–254.00 $252.32 $2,031
915 915 2 226.00 $226.00 $2,068
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
388 unweaned 388 5 315.00 $315.00 $1,222
449 unweaned 449 4 280.00 $280.00 $1,257
661–688 671 8 270.00–273.00 $271.85 $1,824
Medium 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
694 694 16 267.00 $267.00 $1,853 -1.07
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1150 1150 2 190.50 $190.50 $2,191
1335 1335 12 171.00 $171.00 $2,283
Medium 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
559 559 7 271.00 $271.00 $1,515 +26.00

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
269 unweaned 269 7 315.00 $315.00 $847
407 unweaned 407 7 285.00 $285.00 $1,160
800–842 810 27 225.00–228.50 $227.47 $1,843 +13.58
863–899 868 27 216.00–225.00 $223.62 $1,941 +11.70
894 894 14 212.00 $212.00 $1,895 +0.08
918 918 4 212.00 $212.00 $1,946 +1.98
959–983 969 7 209.00–210.50 $209.85 $2,033 +3.80
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
838–848 845 6 220.00–224.00 $221.32 $1,870
865 865 2 207.50 $207.50 $1,795
943 943 2 208.00 $208.00 $1,961
990 990 2 201.00 $201.00 $1,990

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Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1008 1008 4 192.50 $192.50 $1,940
1060 1060 1 195.00 $195.00 $2,067 +0.02
1106–1140 1116 10 177.50–185.00 $182.70 $2,039 +4.02
1155–1195 1174 7 175.00–182.50 $178.19 $2,092 +9.44
1320 1320 1 146.00 $146.00 $1,927
Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
855 855 2 228.00 $228.00 $1,949 -4.50
930–945 938 2 212.50–217.50 $214.98 $2,017

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Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1215–1650 1367 80-85% 18 106.00–114.00 $109.09 $1,491 -2.20
1230–1675 1410 80-85% 23 114.50–122.00 $116.63 $1,644
1391–1535 1415 80-85% 6 98.00–103.00 $102.10 $1,445
1255–1715 1428 80-85% 32 86.50–105.00 $99.69 $1,424
1335–1565 1452 80-85% 31 107.00–114.00 $111.57 $1,620 -8.14
1540–1625 1562 80-85% 5 115.00–117.00 $116.01 $1,812
Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
895 895 85-90% 1 91.00 $91.00 $814 +21.00
1043–1241 1150 85-90% 22 106.00–109.00 $107.45 $1,236
825–1243 1155 85-90% 5 93.00–104.00 $96.32 $1,112
1035–1330 1204 85-90% 38 90.00–104.00 $100.58 $1,211 +6.96
1105–1286 1248 85-90% 17 104.50–109.00 $107.79 $1,345 +4.53
1275 1275 85-90% 1 116.00 $116.00 $1,479 +35.00
Breaker ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1563 1563 75-80% 4 104.00 $104.00 $1,626 -14.87
1465–1710 1578 75-80% 4 112.00–114.50 $112.66 $1,778 -6.21
1385–1790 1580 75-80% 20 101.00–110.50 $106.29 $1,679 -12.58

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YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1250–1370 1337 6 90.00–111.00 $106.13 $1,419
1435 1435 1 118.00 $118.00 $1,693 +11.55
1215–1900 1478 18 95.00–114.00 $110.89 $1,639
1275–1880 1647 29 114.50–123.00 $116.96 $1,926 +6.38
1360–2200 1689 17 95.00–115.00 $107.76 $1,820
1413–2435 1898 38 115.00–125.00 $119.80 $2,274 -9.30
1825–2185 2010 8 125.00–132.00 $128.70 $2,587
YG2-3 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
2145 2145 1 115.00 $115.00 $2,467

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
928–1020 973 Young (2-4 yrs)Open 4 107.00–135.00 $123.76 $1,204
755–1350 1129 (<2 yrs)Open 15 125.00–200.00 $149.60 $1,689
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
930 930 (<2 yrs)Open 1 152.50 $152.50 $1,418
1070 1070 Young (2-4 yrs)Open 1 100.00 $100.00 $1,070

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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.