Cattle Market Pulse

Billings Livestock Commission Cattle Auction Market Report

Billings, Montana · USDA-reported Auction Livestock

Sale of Thursday, October 5, 2023

938 head sold ·Official USDA report

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

heavy 9-weight M&L 1 steers $233.32/cwt +0.32 vs last sale · ≈ $2,231/hd at 956 lb · 43 head
heavy 4-weight M&L 1 steers $303.70/cwt -15.70 vs last sale · ≈ $1,440/hd at 474 lb · 36 head
light 5-weight M&L 1 steers $288.34/cwt -10.42 vs last sale · ≈ $1,511/hd at 524 lb · 32 head
HeadThis saleLast saleLast year
Total receipts 938 2,781 1,892
Feeder cattle 561 2,312 908
Slaughter cattle 276 347 725
Replacement cattle 101 122 259

Compared to last week: Receipts were too light either this week or last week to develop an accurate market trend, however lower undertones were noticed on all offerings. Quality this week was mostly plain to average. Most offerings sold in small packages this sale. Buyers showed mostly light to moderate demand for feeders today. Not enough calves were seen for multiple buyers to start loads. Most buyers were not willing to start loads unless they could get calves on the road today. CME positions sold off in recent days which also put a damper on demand for feeder offerings. Market activity was mostly slow to moderate today. Weigh up cows sold on mostly light demand for light to moderate offerings. Packers showed lighter demand for all cows this week. Slaughter cows sold generally steady to weak on breaking cows. Boning and lean cows sold 3.00-4.00 lower. Demand for feeding cows was lighter this week as packers and private buyers both showed light demand for wet bagged cows which had just weaned calves. Additionally several sets of cows were in very thin flesh as a dry end to summer and competition with grasshoppers over feed weighed on body condition. Overall, feeding cow quality was not as attractive this week as last. Weigh up conditions were mostly below average today as most cows were pushing some fill. Young age cows suitable to feed or rebreed sold on very good demand today as rebreed buyers and feeding buyers both competed over offerings. Young age cows sold generally steady in a narrow comparison. Quality this week was mostly average to attractive.

New to these tables? Plain-English explainers ↓

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
408 unweaned 408 2 317.00 $317.00 $1,293 -11.09
460–488 unweaned 474 36 296.00–318.00 $303.70 $1,440 -15.70
505–539 unweaned 524 32 283.00–294.00 $288.34 $1,511 -10.42
557–589 unweaned 581 29 265.00–279.00 $275.97 $1,603 -8.89
602–643 unweaned 614 30 254.00–271.00 $266.55 $1,637 -0.85
680 unweaned 680 3 265.00 $265.00 $1,802 ±0.00
754–795 779 11 249.00–259.50 $254.92 $1,986 -10.84
845 845 1 239.50 $239.50 $2,024
893 893 7 238.50 $238.50 $2,130 -2.18
955–985 956 43 226.00–233.50 $233.32 $2,231 +0.32
1038 1038 2 216.50 $216.50 $2,247
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
308–347 unweaned 338 9 322.50–325.00 $324.49 $1,097
365–390 unweaned 381 4 320.00–322.50 $320.60 $1,221 -11.40
421–448 unweaned 431 9 300.00–315.00 $309.36 $1,333 -7.14
480–486 unweaned 486 14 287.50–294.00 $293.26 $1,425 -0.63
515–545 unweaned 525 3 270.50–282.00 $278.02 $1,460 ±0.00
610 unweaned 610 5 233.00 $233.00 $1,421
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
418 unweaned 418 6 297.50 $297.50 $1,244
583 unweaned 583 2 244.00 $244.00 $1,423 +4.00
641 unweaned 641 6 248.00 $248.00 $1,590
1289 1289 6 177.00 $177.00 $2,282
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
380 unweaned 380 5 316.00 $316.00 $1,201

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
386 unweaned 386 6 294.00 $294.00 $1,135 -6.00
426–442 unweaned 430 11 275.00–280.00 $276.40 $1,189 -5.35
455–476 unweaned 473 10 266.00–273.00 $270.37 $1,279 -14.47
512–529 unweaned 526 19 257.50–269.00 $259.27 $1,364 -5.29
554–595 unweaned 573 11 247.00–253.50 $250.43 $1,435 -4.28
610–643 unweaned 630 5 240.50–246.00 $242.63 $1,529 -5.20
705 705 2 249.00 $249.00 $1,755 -3.92
800–836 832 15 225.00–230.00 $226.34 $1,883 -8.39
878–885 881 11 214.00 $214.00 $1,885 -16.80
905–915 910 10 210.00–212.00 $210.40 $1,915 -13.89
987–995 989 4 210.00–211.00 $210.25 $2,079 -9.87
1015–1028 1025 15 209.00–210.50 $210.20 $2,155 -8.10
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
447 unweaned 447 5 265.00 $265.00 $1,185 +3.00
500–540 unweaned 514 6 248.00–256.00 $252.85 $1,300 +8.85
570 unweaned 570 1 240.00 $240.00 $1,368 +8.00
798 798 6 223.00 $223.00 $1,780 -6.17
1000 1000 4 201.50 $201.50 $2,015
1092 1092 3 195.50 $195.50 $2,135
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
378 unweaned 378 3 298.00 $298.00 $1,126
400 unweaned 400 1 287.50 $287.50 $1,150
1100 1100 2 193.00 $193.00 $2,123
Medium 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
371 unweaned 371 4 235.00 $235.00 $872
Medium 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
422 unweaned 422 3 173.00 $173.00 $730

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Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
356 unweaned 356 6 300.00 $300.00 $1,068 +7.50
471 unweaned 471 4 270.00 $270.00 $1,272
1120 1120 1 172.50 $172.50 $1,932
Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
408 unweaned 408 2 290.00 $290.00 $1,183
458 unweaned 458 3 279.00 $279.00 $1,278
960–982 977 4 199.00–208.00 $201.21 $1,966
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1098 1098 6 185.00 $185.00 $2,031

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Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
970–990 980 85-90% 2 84.00 $84.00 $823
918–1178 1051 85-90% 54 80.00–93.50 $87.78 $923 -6.09
990–1245 1096 85-90% 7 95.50–107.50 $100.60 $1,103 +6.73
1060–1285 1188 85-90% 34 79.00–90.50 $87.56 $1,040
1110–1295 1192 85-90% 9 92.50–101.50 $95.10 $1,134
Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1270–1580 1362 80-85% 27 99.00–111.50 $106.47 $1,450 +10.79
1362–1455 1382 80-85% 18 90.00–96.50 $93.83 $1,297 -0.71
1313–1402 1385 80-85% 11 112.00–113.00 $112.09 $1,552 +17.55
1305–1575 1408 80-85% 16 85.00–93.00 $89.44 $1,259 -14.64
1320–1685 1506 80-85% 8 96.00–108.00 $101.02 $1,521
Breaker ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1620 1620 75-80% 1 105.00 $105.00 $1,701 -10.33
1645–1853 1748 75-80% 11 106.00–109.50 $107.73 $1,883 -8.01

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YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1300 1300 1 94.00 $94.00 $1,222
995–1680 1424 26 90.00–103.50 $99.11 $1,411
1695–1760 1738 3 108.00–116.00 $110.70 $1,924
1665–2060 1763 5 94.00–98.50 $96.48 $1,701
1515–2290 1842 11 106.50–115.00 $111.68 $2,057
1830–2023 1959 3 120.50–121.00 $120.84 $2,367
YG2-3 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
2530 2530 1 114.00 $114.00 $2,884

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
754–828 thin fleshed 784 (<2 yrs)Open 16 149.50–167.50 $157.86 $1,238
845–1225 1035 (<2 yrs)Open 30 146.00–182.50 $158.82 $1,644
1040–1350 1133 Young (2-4 yrs)Open 16 108.00–151.00 $127.87 $1,449
1233 1233 Young/Middle Aged (2-8 yrs)Open 2 103.50 $103.50 $1,276
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
975–1000 988 (<2 yrs)Open 2 130.00–144.00 $137.09 $1,354

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Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1332 1332 Young (2-4 yrs)1st/2nd Stage (1-6 mo) 3 1,725.00 $1,725.00

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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.