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

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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

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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

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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

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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

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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

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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

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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

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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.