Cattle Market Pulse

Billings Livestock Commission Cattle Auction Market Report

Billings, Montana · USDA-reported Auction Livestock

Sale of Thursday, December 7, 2023

4,188 head sold ·Official USDA report

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

heavy 5-weight M&L 1 steers $265.47/cwt +9.97 vs last sale · ≈ $1,501/hd at 565 lb · 343 head
light 5-weight M&L 1 steers $286.84/cwt +6.45 vs last sale · ≈ $1,521/hd at 530 lb · 234 head
light 6-weight M&L 1 steers $244.79/cwt -1.31 vs last sale · ≈ $1,510/hd at 617 lb · 228 head
HeadThis saleLast saleLast year
Total receipts 4,188 3,700 4,750
Feeder cattle 3,640 3,299 4,199
Slaughter cattle 310 259 368
Replacement cattle 238 142 183

Compared to last week: Yearling steers were too lightly tested this week to develop any market trend. Steer calves under 450 lbs sold mostly 10.00-15.00 lower; Steers 450-499 lbs sold generally steady; steer calves 500-649 lbs sold mostly 5.00-10.00 higher; steers over 650 lbs were not well compared steady to weak undertones were noticed. Yearling heifers were too lightly tested to develop a full market trend, however lower undertones were noticed. Heifer calves under 450 lbs sold steady to 5.00 higher; heifer calves 450-549 lbs sold mostly steady to 8.00 lower; heifer calves over 550 lbs sold mostly 6.00-8.00 lower in a narrow comparison. Demand was mostly moderate to good this sale. Quality today was mixed from plain to very attractive. Much more of the offering was comprised of weaned calves this week. Demand for long weaned calves was mostly good. Many sets of calves were weaned over 50 days. The best demand continues to be for cattle suitable to develop into yearlings, and buyers were willing to buy heavier weights of calves to take to grass this week. Large price spreads continue to be seen between plain/average quality calves and high quality calves as less takers and lighter demand was seen for plain/average quality cattle. CME positions continue to show lots of volatility with many triple digit swings higher and lower seen. Today, CME positions started the day higher before selling off mid trading secession. The January contract closed at 210.025, while the March contract closed at 211.175, up 0.125 and down 0.575 respectfully from yesterdays close. Package sizes were mixed this week. No load lots were seen, however several partial loads were seen and these calves were met with the best demand. Market activity was mostly active today with a very large crowd on hand. Weigh up cows sold on light to moderate demand for mostly light offerings. Slaughter cows were too lightly tested this week to develop a full market trend, however lower undertones were noticed. High quality feeding cows were too lightly tested to trend, however lower undertones were noticed. Thin feeding cows sold with lower undertones as well. Slaughter bulls were too lightly tested to develop an accurate market trend, however steady undertones were noticed. Weigh up conditions were mostly below average today with most offerings pushing heavy amounts of fill. Young age cows suitable to feed or rebreed sold on light to moderate demand today. Quality was mostly average and most offerings sold to feed. This class sold steady to firm on a slightly higher quality offering.

New to these tables? Plain-English explainers ↓

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
321–337 unweaned 334 33 367.00–375.00 $368.63 $1,231 -11.46
334–345 337 6 360.00–375.00 $371.77 $1,253
360–365 unweaned 363 4 355.00–361.00 $358.02 $1,300 -31.75
351–398 376 45 350.00–375.00 $358.03 $1,346 -22.53
403–442 419 81 320.00–352.00 $333.11 $1,396 -19.20
400–430 unweaned 423 36 319.00–340.00 $331.37 $1,402 -21.08
454–461 unweaned 456 33 290.00–313.00 $307.36 $1,402 +2.49
450–478 462 106 301.00–317.50 $306.73 $1,417 -11.09
519 519 5 267.00 $267.00 $1,386 -7.80
501–545 525 121 278.00–295.00 $284.62 $1,494 +9.82
513–548 unweaned 537 108 280.00–292.00 $290.25 $1,559 +6.36
550–587 564 245 251.00–280.00 $266.74 $1,504 +15.42
551–576 unweaned 569 98 252.00–279.00 $262.31 $1,493 +6.12
604–638 unweaned 616 182 238.00–249.50 $244.14 $1,504 -5.98
601–635 620 46 245.00–253.00 $247.38 $1,534 +10.38
651–694 unweaned 667 56 228.00–240.00 $234.69 $1,565 -0.68
657–688 667 46 224.00–239.00 $233.98 $1,561 +3.48
705–748 unweaned 717 36 217.00–226.00 $221.92 $1,591 -0.58
700–744 718 18 214.00–227.00 $222.18 $1,595 -2.18
768 unweaned 768 4 215.00 $215.00 $1,651 -5.00
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
318 unweaned 318 4 357.50 $357.50 $1,137 -12.50
371–392 380 18 335.00–346.00 $344.15 $1,308
402–448 423 34 315.00–325.00 $320.40 $1,355
439–449 unweaned 445 21 294.00–308.00 $302.08 $1,344 -31.56
465–492 485 43 277.50–298.00 $292.21 $1,417
479–499 unweaned 489 18 275.00–293.00 $283.82 $1,388 -2.18
500–531 unweaned 519 38 255.00–275.00 $267.51 $1,388 +2.86
500–544 526 53 264.00–272.50 $266.68 $1,403 +5.68
566–570 unweaned 568 7 230.00–242.50 $235.38 $1,337 -0.40
589 589 14 240.00 $240.00 $1,414 +3.00
603 unweaned 603 2 236.00 $236.00 $1,423 +3.62
603–639 633 35 229.00–234.00 $231.14 $1,463
663 unweaned 663 6 224.00 $224.00 $1,485 ±0.00
679 679 7 223.00 $223.00 $1,514 -3.00
825 825 10 211.00 $211.00 $1,741
Medium 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
320 320 12 334.00 $334.00 $1,069
433 433 3 317.50 $317.50 $1,375
469 469 15 298.00 $298.00 $1,398
532–549 546 113 260.00–273.00 $264.13 $1,442
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
619 619 8 234.00 $234.00 $1,448
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
420 unweaned 420 3 310.00 $310.00 $1,302
524 524 4 227.00 $227.00 $1,189
Medium 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
526 526 4 182.50 $182.50 $960

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
315 315 1 310.00 $310.00 $976
346 unweaned 346 8 305.00 $305.00 $1,055
363–374 unweaned 370 23 297.50–310.00 $301.69 $1,116
374–391 388 35 297.00–301.00 $299.76 $1,163
404–447 425 131 274.00–306.00 $284.77 $1,210 +2.27
403–436 unweaned 431 18 281.00–286.00 $283.12 $1,220 +7.36
451–497 483 121 260.00–272.00 $265.90 $1,284 -11.10
459–499 unweaned 491 76 263.00–267.50 $265.23 $1,302 -8.29
508–542 524 124 253.00–268.00 $260.20 $1,363 -13.80
511–544 unweaned 526 77 252.00–265.00 $260.13 $1,368 -1.48
573–578 576 112 236.50–256.50 $249.93 $1,440 +8.04
556–595 unweaned 581 87 224.50–246.00 $234.95 $1,365 -15.17
601–607 unweaned 605 19 224.00–236.00 $232.24 $1,405 -4.18
603–630 611 28 218.00–228.50 $225.26 $1,376
672–689 unweaned 682 31 209.00–214.00 $211.81 $1,445 -4.81
724 unweaned 724 8 208.00 $208.00 $1,506
726 726 7 206.00 $206.00 $1,496
868–892 882 56 191.00–199.50 $197.47 $1,742 -1.53
954–969 966 24 185.50–190.00 $186.43 $1,801 -8.57
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
298 298 3 270.00 $270.00 $805
315 315 5 270.00 $270.00 $850
322 unweaned 322 32 287.00 $287.00 $924 +17.00
350–378 362 26 265.00–295.00 $280.15 $1,014
365 unweaned 365 3 265.00 $265.00 $967 +15.00
400 400 8 265.00 $265.00 $1,060 -2.50
439–447 unweaned 444 21 244.00–267.50 $250.00 $1,110 -18.50
452–493 unweaned 462 26 240.00–259.00 $245.22 $1,133 -4.61
456–499 481 30 244.00–262.00 $254.05 $1,222
518–536 unweaned 530 10 237.00–253.00 $244.65 $1,297 +0.94
577–583 unweaned 578 25 221.00–224.00 $223.40 $1,291 -3.85
582–598 588 8 226.00–227.50 $226.93 $1,334
627 627 15 213.00 $213.00 $1,336
652 652 3 202.00 $202.00 $1,317
814–835 819 23 192.50–194.00 $192.90 $1,580
898 898 3 180.00 $180.00 $1,616
1048 1048 2 171.00 $171.00 $1,792
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
278 unweaned 278 10 270.00 $270.00 $751
442 442 6 210.00 $210.00 $928
485 485 4 222.00 $222.00 $1,077
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
568 568 8 188.00 $188.00 $1,068
Medium 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
438 unweaned 438 4 150.00 $150.00 $657 -35.00
Medium 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
368 368 3 280.00 $280.00 $1,030 +55.00

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
503–505 unweaned 503 9 270.00–271.00 $270.11 $1,359 -14.89
597 unweaned 597 14 234.00 $234.00 $1,397
653 653 9 194.00 $194.00 $1,267
1013 1013 2 174.00 $174.00 $1,763
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
399 399 6 315.00 $315.00 $1,257
488–495 492 25 242.00–264.00 $253.52 $1,247

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Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
845–960 896 85-90% 7 42.50–55.00 $51.07 $458
965–995 980 85-90% 2 62.00–72.50 $67.33 $660 -3.83
1025–1185 1080 85-90% 3 52.50–61.00 $56.94 $615
1100 1100 85-90% 1 60.00 $60.00 $660 -11.10
933–1265 1128 85-90% 93 62.50–78.00 $69.97 $789 -1.13
1025–1250 1161 85-90% 12 67.50–72.00 $69.82 $811 -14.05
1135–1285 1185 85-90% 3 83.00–85.00 $83.72 $992 -0.15
1190 1190 85-90% 1 89.00 $89.00 $1,059 +5.13
1140–1290 1204 85-90% 37 78.00–85.00 $81.84 $985 +9.24
1210 1210 85-90% 1 95.00 $95.00 $1,150 +22.40
Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1183 1183 80-85% 6 94.50 $94.50 $1,118
1309 1309 80-85% 10 87.50 $87.50 $1,145 +7.99
1245–1425 1359 80-85% 13 85.00–92.50 $88.43 $1,202 +1.00
1280–1760 1447 80-85% 3 74.00–79.00 $75.88 $1,098
1305–1553 1464 80-85% 10 73.00–80.00 $77.02 $1,128
Breaker ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1583 1583 75-80% 2 91.00 $91.00 $1,441 +5.00
1395–1865 1640 75-80% 3 89.50–91.00 $90.09 $1,477
1749–1955 1818 75-80% 3 84.50–85.00 $84.68 $1,539

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YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1165–1500 1372 3 87.50–100.00 $92.59 $1,270
1495 1495 1 105.00 $105.00 $1,570
1555–1560 1558 2 109.00 $109.00 $1,698
1705–2003 1904 3 119.00 $119.00 $2,266
1740–2405 2032 3 109.00–115.00 $111.65 $2,269
YG2-3 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
2240 2240 1 107.00 $107.00 $2,397

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
876–1280 995 (<2 yrs)Open 43 107.50–142.00 $128.06 $1,274
873–1430 1058 Young (2-4 yrs)Open 53 80.00–127.50 $102.08 $1,080
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
815–1070 925 (<2 yrs)Open 25 102.50–127.50 $116.33 $1,076
955 955 Young (2-4 yrs)Open 1 89.00 $89.00 $850

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Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1068 1068 Middle Aged (5-8 yrs)1st/2nd Stage (1-6 mo) 3 1,300.00 $1,300.00
1136 1136 Young (2-4 yrs)1st Stage (1-3 mo) 5 1,275.00 $1,275.00
1193 1193 Young/Middle Aged (2-8 yrs)2nd/3rd Stage (4-9 mo) 2 1,575.00 $1,575.00
1214–1323 1269 Young (2-4 yrs)2nd/3rd Stage (4-9 mo) 4 1,775.00–1,800.00 $1,788.04
Medium and Large 1-2 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1211 1211 Young (2-4 yrs)2nd/3rd Stage (4-9 mo) 6 1,650.00 $1,650.00
1239 1239 Middle Aged/Aged (>5 yrs)2nd/3rd Stage (4-9 mo) 8 1,250.00 $1,250.00

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Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1018 1018 (<2 yrs)2nd/3rd Stage (4-9 mo) 2 1,800.00 $1,800.00

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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.