Cattle Market Pulse

Billings Livestock Commission Cattle Auction Market Report

Billings, Montana · USDA-reported Auction Livestock

Sale of Thursday, January 25, 2024

4,841 head sold ·Official USDA report

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

light 5-weight M&L 1 heifers $306.35/cwt ≈ $1,577/hd at 515 lb · 286 head
light 6-weight M&L 1 steers $286.44/cwt ≈ $1,790/hd at 625 lb · 242 head
heavy 5-weight M&L 1 steers $312.08/cwt ≈ $1,771/hd at 567 lb · 184 head
HeadThis saleLast saleLast year
Total receipts 4,841 430 4,438
Feeder cattle 4,228 94 3,586
Slaughter cattle 480 261 507
Replacement cattle 133 75 345

Compared to last week: Last weeks sale saw very light receipts due extreme cold. No accurate market comparisons can be made for feeder cattle offerings, however, higher to sharply higher undertones were seen on 400-649 lbs steers and 450-649 lbs heifers. All other weights of feeders sold with steady undertones. Demand for all feeders was good to very good for heavy offerings. Quality this week was mixed from plain to very attractive with lots of variation seen. Many different breeds of cattle were represented today, with lots of differences in frame and muscle scores seen. The best demand continues to be for cattle suitable to develop into yearlings. Most buyers purchased steers 425-660 lbs and heifers 450-625 lbs for that purpose. CME positions saw triple digit gains today as prices continue to press higher after a late fall collapse. The March contract closed at 238.175, 4.40 higher while the April closed at 243.925, 4.125 higher. A very large crowd was on hand for todays sale as the seats were packed throughout much of the day. Farmer feeders, ranchers and order-buyers were all active participants in todays sale which stretched late into the evening. Todays crowd was the largest crowd of buyers seen all fall and winter. Market activity was very active this sale as a result. Weigh up cows sold on good to very good demand for moderate offerings. Slaughter cow demand remains good to very good, despite heavier supplies. All slaughter cow offerings sold generally steady. A larger supply of cows was seen this week with lots of variation in yield. Feeding cow buyers were more aggressive this week as they push to buy as many cows as possible. Feeding cows sold generally steady. Slaughter bulls sold steady to 3.00 lower in a narrow comparison. Young age cows suitable to feed or rebreed sold on moderate to good demand, no comparisons are available due to light receipts last sale.

New to these tables? Plain-English explainers ↓

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
387 387 3 370.00 $370.00 $1,432 —
402–445 414 128 360.00–371.00 $365.22 $1,512 —
456 thin fleshed 456 13 372.50 $372.50 $1,699 —
466–494 481 128 332.50–366.00 $345.67 $1,663 —
501 thin fleshed 501 19 348.00 $348.00 $1,743 —
507–542 521 71 316.00–339.00 $330.86 $1,724 —
550–594 567 179 299.50–316.00 $311.33 $1,765 —
584 thin fleshed 584 5 339.00 $339.00 $1,980 —
601–635 621 200 281.00–299.50 $289.26 $1,796 —
643 643 42 273.00 $273.00 $1,755 —
650–683 669 81 261.00–274.00 $270.49 $1,810 —
715–745 723 110 244.00–259.00 $253.75 $1,835 —
731 unweaned 731 5 246.50 $246.50 $1,802 —
758–765 763 21 239.00–240.00 $239.76 $1,829 —
796 796 15 231.00 $231.00 $1,839 —
804 804 5 222.00 $222.00 $1,785 -3.52
807–820 808 16 230.50–237.00 $236.59 $1,912 +11.07
833 833 10 224.00 $224.00 $1,866 -1.52
853–855 853 6 226.00–227.50 $226.25 $1,930 —
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
395–398 397 9 347.50–350.00 $349.17 $1,386 —
428–439 432 35 340.00–350.00 $342.88 $1,481 —
460–496 493 36 295.00–322.50 $313.74 $1,547 —
503–546 537 61 302.50–314.00 $305.06 $1,638 —
574–580 575 14 285.00–292.00 $290.99 $1,673 +7.26
608–643 623 61 255.00–273.00 $266.41 $1,660 +13.91
655–696 684 21 232.50–260.00 $249.19 $1,704 +14.71
720–730 727 3 237.00–241.00 $238.32 $1,733 +3.32
758 758 21 234.00 $234.00 $1,774 —
840 840 13 230.00 $230.00 $1,932 —
918 918 2 217.00 $217.00 $1,992 +3.00
966 966 9 212.00 $212.00 $2,048 —
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
428 428 8 295.00 $295.00 $1,263 —
463–495 488 36 289.00–300.00 $290.43 $1,417 —
521 521 6 282.50 $282.50 $1,472 —
638 638 3 229.00 $229.00 $1,461 —
707 707 12 217.00 $217.00 $1,534 —
773 773 13 229.00 $229.00 $1,770 —
876 876 4 204.00 $204.00 $1,787 —
992 992 3 203.00 $203.00 $2,014 —
Medium 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
322 322 12 300.00 $300.00 $966 —
394 394 8 300.00 $300.00 $1,182 —
494 494 13 285.00 $285.00 $1,408 —
503 503 24 282.50 $282.50 $1,421 —
647 647 9 242.00 $242.00 $1,566 —
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
595 595 18 290.50 $290.50 $1,728 —
740–743 741 21 242.50–244.00 $242.79 $1,799 —
Medium 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
414 414 14 347.50 $347.50 $1,439 —
478–493 490 24 321.00–327.50 $322.32 $1,579 —
Medium 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
403 403 4 210.00 $210.00 $846 —

↑ Back to top

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
407–448 440 110 304.00–315.00 $311.48 $1,371 —
453–493 478 158 305.00–316.00 $311.64 $1,490 —
503–518 thin fleshed 506 109 313.50–315.00 $314.68 $1,592 —
501–549 520 171 289.50–312.00 $301.85 $1,570 —
528 unweaned 528 6 283.50 $283.50 $1,497 —
551–591 563 137 267.00–291.50 $278.60 $1,569 +18.60
568 568 5 252.00 $252.00 $1,431 -8.00
605–648 620 98 250.00–267.00 $259.87 $1,611 —
647 unweaned 647 19 247.00 $247.00 $1,598 —
660–688 674 117 232.00–247.00 $240.33 $1,620 —
707–720 716 28 226.00–231.00 $228.31 $1,635 —
758–794 784 11 221.50–223.00 $221.90 $1,740 —
799 799 14 219.00 $219.00 $1,750 —
800–841 824 26 212.00–217.00 $214.05 $1,764 —
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
411–443 430 97 275.00–302.50 $286.91 $1,234 —
450–496 475 87 284.00–301.00 $290.68 $1,381 —
508–545 515 112 260.00–293.00 $273.87 $1,410 —
555–598 574 41 240.00–264.00 $254.81 $1,463 —
616 616 5 223.00 $223.00 $1,374 -26.00
645–646 645 19 230.00–243.00 $240.26 $1,550 -8.74
659 659 4 219.00 $219.00 $1,443 +2.01
678–695 683 7 218.00–225.00 $222.02 $1,516 +5.03
735 735 4 221.00 $221.00 $1,624 —
757 757 6 209.00 $209.00 $1,582 —
855–890 873 2 194.00–197.00 $195.47 $1,706 —
905–935 920 2 190.00–191.00 $190.51 $1,753 -3.49
984–985 984 9 182.00–185.00 $182.33 $1,794 -1.67
1001–1005 1002 7 183.00–184.00 $183.14 $1,835 —
Medium 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
305 305 3 265.00 $265.00 $808 —
363–384 375 71 260.00–272.00 $266.78 $1,000 —
508–539 515 17 232.50–242.50 $234.96 $1,210 —
Medium 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
402–448 426 21 277.50–287.50 $283.05 $1,206 —
463–478 475 38 295.00 $295.00 $1,401 —
Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
439 439 7 260.00 $260.00 $1,141 —
489 489 46 257.50 $257.50 $1,259 —
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
339 339 14 265.00 $265.00 $898 —
463 463 9 274.00 $274.00 $1,269 +19.00
542 542 5 278.00 $278.00 $1,507 —
594 594 4 240.00 $240.00 $1,426 —
699 699 4 210.00 $210.00 $1,468 —
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
545 545 6 258.00 $258.00 $1,406 —
598 598 2 245.00 $245.00 $1,465 —
634 634 18 218.00 $218.00 $1,382 —

↑ Back to top

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
560 560 2 280.00 $280.00 $1,568 —
625 625 11 275.00 $275.00 $1,719 —
655 655 1 265.00 $265.00 $1,736 —
710–729 726 6 228.00–229.00 $228.16 $1,656 —
843 843 3 216.00 $216.00 $1,821 —
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
697 697 7 224.00 $224.00 $1,561 —

↑ Back to top

Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
930–980 960 85-90% 6 75.00–87.00 $83.37 $800 -0.87
1050 1050 85-90% 1 102.00 $102.00 $1,071 +32.73
1110 1110 85-90% 1 73.00 $73.00 $810 -34.50
1055–1240 1138 85-90% 11 102.00–107.50 $104.69 $1,191 -2.81
1005–1353 1159 85-90% 51 82.00–93.00 $89.10 $1,033 +0.10
845–1290 1161 85-90% 19 86.00–91.00 $87.96 $1,021 -1.04
1025–1293 1164 85-90% 36 91.00–97.00 $93.40 $1,087 +4.40
1155–1285 1230 85-90% 48 91.50–100.00 $93.55 $1,151 -12.95
Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1290–1505 1371 80-85% 21 93.00–104.00 $95.69 $1,312 +8.37
1270–1690 1376 80-85% 73 94.00–103.00 $98.13 $1,350 +10.81
1377–1429 1408 80-85% 12 105.50–108.50 $107.40 $1,512 —
1375–1585 1453 80-85% 4 86.00–91.00 $88.36 $1,284 -19.14
1320–1618 1462 80-85% 14 88.00–94.50 $91.80 $1,342 -15.70
Breaker ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1345–1600 1510 75-80% 12 105.00–106.50 $106.30 $1,605 —
1499–1730 1541 75-80% 11 98.00–99.50 $99.19 $1,529 —
1506–1610 1543 75-80% 30 100.00–104.25 $102.63 $1,584 —
1650 1650 75-80% 1 106.00 $106.00 $1,749 —
1635–1700 1663 75-80% 3 100.50–104.00 $102.18 $1,699 —
1695–1775 1728 75-80% 4 94.00–96.50 $95.38 $1,648 —

↑ Back to top

YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1343–1400 1362 3 92.00–94.00 $92.69 $1,262 —
1555–1875 1742 12 107.50–116.00 $112.66 $1,963 —
1780–2205 1933 6 105.00–107.00 $105.70 $2,043 —
2115–2475 2295 2 121.00–125.00 $122.84 $2,819 —
YG2-3 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1336 1336 4 105.00 $105.00 $1,403 —
1510 1510 1 99.00 $99.00 $1,495 —
1555 1555 1 112.00 $112.00 $1,742 —

↑ Back to top

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
875–1315 1011 (<2 yrs)Open 65 117.50–187.00 $148.99 $1,506
880–1270 1061 Young (2-4 yrs)Open 19 96.00–122.50 $111.48 $1,183
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
866 866 (<2 yrs)Open 8 133.00 $133.00 $1,152
Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
864 864 (<2 yrs)Open 7 130.00 $130.00 $1,123

↑ Back to top

Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1380 1380 Young (2-4 yrs)2nd/3rd Stage (4-9 mo) 2 1,650.00 $1,650.00
1431–1542 1449 Aged (>8 yrs)2nd/3rd Stage (4-9 mo) 19 1,625.00 $1,625.00
Medium and Large 1-2 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1293–1313 1303 Young (2-4 yrs)2nd/3rd Stage (4-9 mo) 4 1,950.00–2,000.00 $1,975.19

↑ Back to top

Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1282 1282 (<2 yrs)2nd/3rd Stage (4-9 mo) 3 1,750.00 $1,750.00

↑ Back to top

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.