Cattle Market Pulse

Billings Livestock Commission Cattle Auction Market Report

Billings, Montana · USDA-reported Auction Livestock

Sale of Thursday, January 22, 2026

975 head sold ·Official USDA report

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

light 8-weight M&L 2 steers $325.00/cwt ≈ $2,684/hd at 826 lb · 23 head
light 5-weight M&L 1 steers $515.13/cwt -7.82 vs last sale · ≈ $2,680/hd at 520 lb · 22 head
heavy 4-weight M&L 1 heifers $505.00/cwt +14.89 vs last sale · ≈ $2,278/hd at 451 lb · 20 head

Receipts

HeadThis saleLast saleLast year
Head itemized in priced lots 975 — —

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
512–538 520 20 510.00–520.00 $516.89 $2,688 -9.21
523 unweaned 523 2 497.50 $497.50 $2,602 -1.79
550–554 553 10 465.00–480.00 $475.52 $2,630 -11.15
663 unweaned 663 16 400.00 $400.00 $2,652 -4.00
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
348 348 2 635.00 $635.00 $2,210 -44.17
373 373 2 610.00 $610.00 $2,275 +3.94
425 425 4 525.00 $525.00 $2,231 -51.28
484–488 485 6 470.00–525.00 $506.57 $2,457 -29.23
583 583 2 400.00 $400.00 $2,332 -42.47
613–619 618 16 404.00 $404.00 $2,497 -12.76
731 731 13 360.00 $360.00 $2,632 -20.42
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
556 556 7 375.00 $375.00 $2,085 —
720 720 2 350.00 $350.00 $2,520 —
826 826 23 325.00 $325.00 $2,684 —
Medium 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
446 446 8 540.00 $540.00 $2,408 —
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
680 680 2 380.00 $380.00 $2,584 -8.67

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Feeder Heifers

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
451 451 20 505.00 $505.00 $2,278 +5.19
517 517 3 440.00 $440.00 $2,275 -21.30
540 unweaned 540 2 425.00 $425.00 $2,295 -47.50
564–587 571 10 417.00–430.00 $421.01 $2,404 -7.26
653 unweaned 653 17 364.00 $364.00 $2,377 —
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
323–348 330 7 510.00–545.00 $534.46 $1,764 —
478 478 4 455.00 $455.00 $2,175 +8.74
528 528 2 425.00 $425.00 $2,244 +4.44
600–640 620 4 359.00–385.00 $371.58 $2,304 -10.06
653–670 659 7 357.50–365.00 $361.05 $2,379 +5.03
765 765 13 325.00 $325.00 $2,486 -22.00
824 824 6 313.00 $313.00 $2,579 —
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
471–472 471 11 300.00–405.00 $347.78 $1,638 —
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
625 625 1 360.00 $360.00 $2,250 —
725 725 1 320.00 $320.00 $2,320 —

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Feeder Bulls

Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
538 538 2 420.00 $420.00 $2,260 —
573 573 2 410.00 $410.00 $2,349 —
Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
525 525 1 440.00 $440.00 $2,310 —

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Slaughter Cows

Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1229–1653 1321 80-85% 155 157.00–169.50 $163.51 $2,160 +13.40
1333 1333 80-85% 3 122.50 $122.50 $1,633 -27.61
1230–1485 1369 80-85% 26 169.50–173.00 $170.68 $2,337 +37.76
1263–1655 1382 80-85% 31 126.00–156.00 $150.70 $2,083 +17.78
1285–1745 1398 80-85% 13 127.50–145.00 $133.20 $1,862 +0.28
1506–1533 1512 80-85% 9 149.00–153.00 $149.90 $2,266 —
Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
791 791 85-90% 4 119.00 $119.00 $941 —
775–930 824 85-90% 7 102.50–115.00 $109.14 $899 —
1041–1043 1042 85-90% 6 97.50–105.00 $102.50 $1,068 —
1025–1070 1048 85-90% 2 137.50–139.00 $138.23 $1,449 —
1080–1115 1098 85-90% 9 168.00–172.00 $169.32 $1,859 +26.74
1025–1265 1099 85-90% 11 116.00–124.00 $118.19 $1,299 -24.39
990–1240 1142 85-90% 64 124.00–155.00 $141.81 $1,619 +30.09
1000–1253 1167 85-90% 37 154.00–165.00 $158.64 $1,851 —
Breaker ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1550–1583 1574 75-80% 21 170.00–171.00 $170.72 $2,687 +7.71
1613–1666 1643 75-80% 14 166.50–168.00 $167.37 $2,750 +4.59
1650–1682 1667 75-80% 6 163.00–165.00 $164.34 $2,740 +10.34
1810 1810 75-80% 1 150.00 $150.00 $2,715 —
1905 1905 75-80% 1 168.00 $168.00 $3,200 —

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Slaughter Bulls

YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1130 1130 1 155.00 $155.00 $1,752 —
1280–1410 1313 4 177.00–182.00 $178.34 $2,342 —
1110–1705 1513 24 159.00–175.00 $171.51 $2,595 —
1585–1960 1773 2 152.50–172.00 $163.28 $2,895 -7.96
1740–2370 1881 17 177.00–186.00 $182.35 $3,430 +21.17
YG2-3 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1415 1415 1 185.00 $185.00 $2,618 —

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Stock Cows

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
755–1165 901 (<2 yrs)Open 77 230.00–314.00 $292.73 $2,637
703–1315 1007 Young (2-4 yrs)Open 33 180.00–315.00 $249.47 $2,512
1345 1345 Young/Middle Aged (2-8 yrs)Open 1 169.00 $169.00 $2,273
1390 1390 Young (2-4 yrs)Open 1 182.00 $182.00 $2,530
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
705–1105 852 (<2 yrs)Open 21 215.00–320.00 $282.86 $2,410
830–1230 991 Young (2-4 yrs)Open 23 170.00–255.00 $212.66 $2,107
Medium 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
700 700 (<2 yrs)Open 1 245.00 $245.00 $1,715
730 730 Young (2-4 yrs)Open 2 250.00 $250.00 $1,825
Medium 1-2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
848 848 (<2 yrs)Open 2 255.00 $255.00 $2,162
985 985 Young (2-4 yrs)Open 1 175.00 $175.00 $1,724

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Bred Cows

Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1154 thin fleshed 1154 Aged (>8 yrs)2nd/3rd Stage (4-9 mo) 7 2,450.00 $2,450.00
1205 1205 Young (2-4 yrs)2nd Stage (4-6 mo) 1 3,400.00 $3,400.00
1307 1307 Middle Aged/Aged (>5 yrs)2nd Stage (4-6 mo) 3 2,450.00 $2,450.00
1060–1388 1352 Young (2-4 yrs)2nd/3rd Stage (4-9 mo) 10 3,175.00–3,400.00 $3,207.42
1333–1528 1371 Aged (>8 yrs)2nd/3rd Stage (4-9 mo) 29 2,700.00–2,800.00 $2,724.36
1347–1560 1466 Middle Aged (5-8 yrs)2nd/3rd Stage (4-9 mo) 15 3,000.00 $3,000.00
1245–1618 1567 Middle Aged/Aged (>5 yrs)2nd/3rd Stage (4-9 mo) 10 2,800.00–2,925.00 $2,894.43
Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1526 1526 Middle Aged/Aged (>5 yrs)2nd/3rd Stage (4-9 mo) 7 2,650.00 $2,650.00
1472–1638 1538 Aged (>8 yrs)2nd/3rd Stage (4-9 mo) 5 2,550.00–2,650.00 $2,607.41
Medium and Large 1-2 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1280 1280 Young (2-4 yrs)2nd/3rd Stage (4-9 mo) 1 3,200.00 $3,200.00
1395–1407 1403 Aged (>8 yrs)2nd/3rd Stage (4-9 mo) 8 2,550.00–2,600.00 $2,568.65

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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.