Cattle Market Pulse

Billings Livestock Commission Cattle Auction Market Report

Billings, Montana · USDA-reported Auction Livestock

Sale of Thursday, November 20, 2025

3,173 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 $425.02/cwt +2.28 vs last sale · ≈ $2,406/hd at 566 lb · 398 head
light 5-weight M&L 1 heifers $392.74/cwt -8.60 vs last sale · ≈ $2,087/hd at 532 lb · 317 head
heavy 5-weight M&L 1 heifers $360.24/cwt -12.71 vs last sale · ≈ $2,074/hd at 576 lb · 233 head

Receipts

HeadThis saleLast saleLast year
Head itemized in priced lots 3,173 — —

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
293 unweaned 293 2 630.00 $630.00 $1,846 +13.07
340 340 1 625.00 $625.00 $2,125 —
300–349 unweaned 346 49 605.00–620.00 $618.24 $2,139 +61.12
370–385 380 10 565.00–580.00 $569.88 $2,166 —
362–395 unweaned 388 15 569.00–570.00 $569.19 $2,208 +29.19
400–425 unweaned 408 36 500.00–585.00 $544.37 $2,221 +23.73
424–445 430 16 510.00–540.00 $517.46 $2,225 -10.54
454–491 469 27 472.00–527.50 $492.69 $2,311 —
460–499 unweaned 480 83 477.50–505.00 $488.19 $2,343 -7.40
500 500 2 462.50 $462.50 $2,312 +11.72
515 515 9 439.00 $439.00 $2,261 -11.78
510–546 unweaned 532 109 435.00–452.00 $445.34 $2,369 -8.70
550–592 unweaned 564 199 403.00–436.50 $424.07 $2,392 -1.09
551–599 568 199 400.00–432.75 $425.97 $2,420 -4.03
601–645 unweaned 618 119 377.50–401.50 $395.99 $2,447 -2.40
600–648 623 31 378.00–398.00 $387.92 $2,417 -11.95
670 670 11 370.00 $370.00 $2,479 -13.84
660–686 unweaned 678 62 364.00–372.00 $368.94 $2,501 -10.95
693 693 4 335.00 $335.00 $2,322 -2.50
703–720 714 24 355.00–362.00 $356.49 $2,545 —
703–727 unweaned 718 42 354.00–360.00 $356.38 $2,559 —
807 unweaned 807 6 334.00 $334.00 $2,695 —
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
283 283 3 605.00 $605.00 $1,712 —
285 unweaned 285 1 560.00 $560.00 $1,596 —
300 300 2 555.00 $555.00 $1,665 +65.00
306 unweaned 306 7 600.00 $600.00 $1,836 +40.00
375–388 386 6 500.00–517.50 $514.67 $1,987 —
428–430 429 4 470.00–475.00 $472.49 $2,027 —
448 unweaned 448 9 495.00 $495.00 $2,218 —
456–480 unweaned 460 6 472.50–480.00 $478.70 $2,202 +26.52
461–468 465 18 462.00–475.00 $469.27 $2,182 +9.27
505–528 521 16 425.00–439.00 $433.39 $2,258 +28.39
509–540 unweaned 529 46 392.00–447.50 $414.36 $2,192 -18.37
563 563 9 384.00 $384.00 $2,162 -1.00
558–565 unweaned 564 25 401.00–405.00 $401.47 $2,264 +3.16
602–620 unweaned 604 9 370.00–385.00 $383.29 $2,315 +12.78
635 635 5 367.50 $367.50 $2,334 —
717 unweaned 717 6 340.00 $340.00 $2,438 +10.00
728 728 4 348.00 $348.00 $2,533 —
752 unweaned 752 5 335.00 $335.00 $2,519 —
799 799 4 321.00 $321.00 $2,565 —
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
654–675 unweaned 654 109 360.00–365.00 $364.91 $2,387 —
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
360 unweaned 360 12 425.00 $425.00 $1,530 —
468 unweaned 468 55 400.00 $400.00 $1,872 —
521 unweaned 521 10 401.00 $401.00 $2,089 —
Medium and Large 2-3 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
414 unweaned 414 12 350.00 $350.00 $1,449 —
476 unweaned 476 20 295.00 $295.00 $1,404 —
585 unweaned 585 3 240.00 $240.00 $1,404 —
Medium 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
528 unweaned 528 2 430.00 $430.00 $2,270 —
541 541 11 397.00 $397.00 $2,148 —

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Feeder Heifers

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
301–303 unweaned 302 12 465.00–480.00 $469.98 $1,419 -39.41
357–399 unweaned 381 64 445.00–472.50 $453.89 $1,729 -42.59
384–387 386 10 417.50–422.50 $419.49 $1,619 —
400–443 unweaned 433 189 445.00–470.00 $457.14 $1,979 -34.89
440 440 3 460.00 $460.00 $2,024 —
460 460 2 395.00 $395.00 $1,817 —
450–498 unweaned 470 67 407.00–450.00 $426.35 $2,004 -2.21
453–489 481 100 409.00–427.50 $417.24 $2,007 —
510–538 unweaned 531 157 372.50–405.00 $395.92 $2,102 -5.59
517–548 532 160 366.00–398.00 $389.61 $2,073 -10.39
550–557 557 58 351.00–368.00 $364.34 $2,029 -0.54
578–587 581 8 320.00–341.00 $333.05 $1,935 -31.83
567–592 unweaned 582 167 349.00–380.00 $360.12 $2,096 -14.11
601–645 616 18 324.00–347.00 $339.12 $2,089 -31.00
608–640 unweaned 616 42 325.00–349.00 $337.00 $2,076 -5.50
632 632 3 377.00 $377.00 $2,383 +6.88
657 657 45 354.00 $354.00 $2,326 —
698 698 3 315.00 $315.00 $2,199 —
1034 1034 34 261.00 $261.00 $2,699 —
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
298 unweaned 298 7 445.00 $445.00 $1,326 —
306 306 10 475.00 $475.00 $1,454 —
387–398 unweaned 390 7 400.00–405.00 $401.46 $1,566 -45.59
403–448 unweaned 417 40 394.00–439.00 $418.36 $1,745 -0.44
443 443 2 410.00 $410.00 $1,816 —
451 451 14 300.00 $300.00 $1,353 —
453–498 unweaned 476 40 350.00–395.00 $392.65 $1,869 +27.35
499 499 9 390.00 $390.00 $1,946 +50.00
502 502 32 330.00 $330.00 $1,657 —
508–542 unweaned 525 6 364.00–365.00 $364.48 $1,914 +15.40
572 572 5 305.00 $305.00 $1,745 —
565–595 574 21 321.00–410.00 $342.46 $1,966 —
550–590 unweaned 579 7 331.00 $331.00 $1,916 —
618 618 32 326.00 $326.00 $2,015 —
650–692 unweaned 682 4 305.00–307.50 $305.60 $2,084 -23.40
691 691 5 308.00 $308.00 $2,128 —
873 873 12 298.00 $298.00 $2,602 —
937 937 29 279.00 $279.00 $2,614 —
Medium and Large 2-3 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
358 unweaned 358 19 330.00 $330.00 $1,181 —
458 unweaned 458 54 280.00 $280.00 $1,282 —
701 701 18 285.00 $285.00 $1,998 —
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
392 unweaned 392 14 372.50 $372.50 $1,460 —
419–435 unweaned 424 6 330.00–355.00 $346.46 $1,469 +3.28
411–428 425 6 370.00–385.00 $372.42 $1,583 —
471 471 9 340.00 $340.00 $1,601 —
482 unweaned 482 20 325.00 $325.00 $1,566 —
663 unweaned 663 2 260.00 $260.00 $1,724 —
Medium 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
410 410 10 405.00 $405.00 $1,660 —
Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1132 1132 7 252.00 $252.00 $2,853 —
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
681 681 6 298.00 $298.00 $2,029 —
Medium 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
475 unweaned 475 2 285.00 $285.00 $1,354 —

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Feeder Bulls

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
325 unweaned 325 1 580.00 $580.00 $1,885 +25.00
355 355 2 535.00 $535.00 $1,899 —
360–390 unweaned 375 4 530.00–575.00 $553.40 $2,075 —
439 unweaned 439 9 520.00 $520.00 $2,283 +15.00
467 467 8 475.00 $475.00 $2,218 —
517–540 unweaned 528 36 420.00–435.00 $428.17 $2,261 +24.03
580 unweaned 580 2 402.00 $402.00 $2,332 +10.00
598 598 3 390.00 $390.00 $2,332 —
620 unweaned 620 1 385.00 $385.00 $2,387 +58.00
656–688 unweaned 664 12 342.50–362.00 $349.35 $2,320 +32.68
766 766 8 335.00 $335.00 $2,566 —
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
891 891 15 296.00 $296.00 $2,637 —

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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.