Cattle Market Pulse

Billings Livestock Commission Cattle Auction Market Report

Billings, Montana · USDA-reported Auction Livestock

Sale of Thursday, October 23, 2025

3,856 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 $442.10/cwt -11.68 vs last sale · ≈ $2,284/hd at 517 lb · 351 head
heavy 5-weight M&L 1 steers $438.79/cwt -29.63 vs last sale · ≈ $2,536/hd at 578 lb · 288 head
light 5-weight M&L 1 steers $466.82/cwt -31.92 vs last sale · ≈ $2,469/hd at 529 lb · 277 head

Receipts

HeadThis saleLast saleLast year
Head itemized in priced lots 3,856 — —

New to these tables? Plain-English explainers ↓

Feeder Steers

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
225 unweaned 225 1 800.00 $800.00 $1,800 —
255–265 unweaned 260 9 770.00–790.00 $778.30 $2,024 -63.88
303–337 unweaned 325 24 650.00–710.00 $666.07 $2,165 -30.71
353–395 unweaned 374 51 570.00–650.00 $606.37 $2,268 -35.51
406–442 unweaned 421 87 550.00–565.00 $561.54 $2,364 -16.21
450–498 unweaned 479 190 487.50–537.50 $506.37 $2,426 -22.57
500–545 unweaned 529 277 445.00–499.00 $466.82 $2,469 -32.51
553–595 unweaned 578 288 429.50–451.00 $438.79 $2,536 -29.63
600–639 unweaned 613 268 416.00–444.00 $430.02 $2,636 -3.88
650–697 unweaned 667 217 386.00–412.00 $401.28 $2,677 -21.21
700–725 unweaned 713 40 387.00–399.50 $392.14 $2,796 +8.09
768 unweaned 768 11 382.00 $382.00 $2,934 +12.02
854 854 7 346.00 $346.00 $2,955 -16.00
853–870 867 26 338.00–342.00 $341.24 $2,959 -20.76
946 946 38 331.00 $331.00 $3,131 —
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
255–273 unweaned 263 7 730.00–760.00 $742.31 $1,952 —
310–341 unweaned 330 12 540.00–650.00 $600.07 $1,980 -47.31
358–395 unweaned 374 15 555.00–575.00 $568.14 $2,125 -37.86
402–448 unweaned 431 25 515.00–535.00 $528.02 $2,276 -1.19
458–499 unweaned 485 38 455.00–502.50 $479.34 $2,325 -14.56
531–549 unweaned 545 64 433.00–441.00 $439.25 $2,394 -28.62
555 555 10 400.00 $400.00 $2,220 —
559–598 unweaned 574 62 395.00–429.00 $420.57 $2,414 -7.06
609–640 unweaned 624 43 362.50–409.00 $395.24 $2,466 -12.03
905 905 4 338.00 $338.00 $3,059 —
985 985 16 318.00 $318.00 $3,132 —
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
454–474 unweaned 461 11 452.00–475.00 $466.41 $2,150 —
519–524 unweaned 520 70 445.00 $445.00 $2,314 -29.68
680–692 unweaned 687 10 335.00–384.00 $364.61 $2,505 —
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
330–345 unweaned 339 5 500.00–580.00 $531.15 $1,801 —
426 unweaned 426 5 495.00 $495.00 $2,109 —
467–498 unweaned 491 41 375.00–445.00 $433.66 $2,129 —
519–525 unweaned 520 5 417.50–429.00 $419.82 $2,183 -15.18
570 unweaned 570 3 380.00 $380.00 $2,166 +27.50
Medium 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
426 unweaned 426 20 542.50 $542.50 $2,311 +22.50
Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1060 1060 4 306.00 $306.00 $3,244 —

↑ Back to top

Feeder Heifers

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
270–285 unweaned 278 14 620.00–690.00 $659.15 $1,832 -48.25
350–399 unweaned 363 34 515.00–570.00 $554.93 $2,014 -18.40
405–447 unweaned 423 170 475.00–532.50 $496.38 $2,100 -22.98
450–499 unweaned 479 210 449.00–487.50 $468.01 $2,242 -15.44
504–517 fancy 509 172 450.00–460.00 $454.16 $2,312 -21.74
501–549 unweaned 524 179 420.00–444.00 $430.51 $2,256 -16.68
557–561 fancy 558 22 442.00–452.00 $445.65 $2,487 -10.85
550–591 unweaned 566 236 387.50–424.00 $407.03 $2,304 -17.90
569–591 574 18 365.00–375.00 $367.29 $2,108 —
603–649 unweaned 621 52 359.00–378.00 $368.60 $2,289 -28.50
627 627 21 389.00 $389.00 $2,439 -20.99
685 unweaned 685 3 360.00 $360.00 $2,466 —
710 unweaned 710 3 344.00 $344.00 $2,442 —
762–769 766 10 351.00–356.00 $353.51 $2,708 —
801–839 805 79 341.00–355.00 $353.34 $2,844 —
880 880 33 308.00 $308.00 $2,710 —
923 923 79 340.00 $340.00 $3,138 —
936 936 137 318.00 $318.00 $2,976 —
951–993 960 18 283.00–291.00 $289.16 $2,776 -22.70
1016–1031 1026 46 288.00–301.00 $292.20 $2,998 -3.80
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
334–341 unweaned 338 13 520.00–530.00 $525.44 $1,776 -61.09
374–387 unweaned 379 29 495.00–505.00 $500.42 $1,897 -8.59
403–446 unweaned 430 47 450.00–492.50 $473.52 $2,036 +15.84
488 unweaned 488 3 430.00 $430.00 $2,098 -0.96
507–545 unweaned 520 21 370.00–410.00 $387.79 $2,017 -27.98
568–599 unweaned 594 24 372.00–387.50 $374.47 $2,224 -13.70
853–896 882 13 312.50–319.00 $315.19 $2,780 -7.21
944 944 5 281.00 $281.00 $2,653 -35.00
Medium 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
436 unweaned 436 14 350.00 $350.00 $1,526 —
586 unweaned 586 12 340.00 $340.00 $1,992 -50.00
665 665 2 362.50 $362.50 $2,411 —
696 696 8 324.00 $324.00 $2,255 —
783 783 5 321.00 $321.00 $2,513 —
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
483 unweaned 483 9 415.00 $415.00 $2,004 +23.00
562 unweaned 562 3 325.00 $325.00 $1,826 —
640 unweaned 640 3 351.00 $351.00 $2,246 —
673 unweaned 673 3 325.00 $325.00 $2,187 —
704–733 unweaned 723 12 309.00–310.00 $309.32 $2,236 —
1062 1062 5 287.00 $287.00 $3,048 —
Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
699 unweaned 699 7 300.00 $300.00 $2,097 —
1122 1122 15 275.00 $275.00 $3,086 —
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
394 unweaned 394 4 435.00 $435.00 $1,714 —
443 unweaned 443 2 415.00 $415.00 $1,838 —
464 unweaned 464 9 315.00 $315.00 $1,462 —
518 unweaned 518 3 355.00 $355.00 $1,839 —

↑ Back to top

Feeder Bulls

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
367 unweaned 367 3 620.00 $620.00 $2,275 —
585 unweaned 585 14 380.00 $380.00 $2,223 —
621 unweaned 621 4 365.00 $365.00 $2,267 -44.00
692 692 11 370.00 $370.00 $2,560 —
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
629 unweaned 629 7 355.00 $355.00 $2,233 —
738 unweaned 738 2 325.00 $325.00 $2,398 —
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
613 unweaned 613 4 335.00 $335.00 $2,054 —

↑ Back to top

Reading this report

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.