Cattle Market Pulse

Billings Livestock Commission Cattle Auction Market Report

Billings, Montana · USDA-reported Auction Livestock

Sale of Thursday, February 19, 2026

389 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 bulls $436.42/cwt ≈ $2,584/hd at 592 lb · 34 head
light 6-weight M&L 1 heifers $400.00/cwt -16.91 vs last sale · ≈ $2,524/hd at 631 lb · 16 head
heavy 7-weight M&L 1 bulls $362.50/cwt ≈ $2,733/hd at 754 lb · 15 head
HeadThis saleLast saleLast year
Total receipts 389 2,696 0
Feeder cattle 168 2,413 0
Slaughter cattle 129 132 0
Replacement cattle 92 151 0

Compared to last week (2-05-26): Feeder cattle were all too lightly tested to develop any market trend. Demand was mostly good for light offerings. Quality this week was plain to average and mostly offered in small packages or as singles. Buyers showed need for feeders as many tried to square up loads for the week. Quality this week was mostly plain to average. Market activity was active with a small crowd of buyers in the stands this week. Weigh up cows sold on good to very good demand for light offerings. Feeding cow demand continues to drive the market as excess feed in the valley at very low prices has many feedlots and ranchers willing to feed cows. Feeding cows sold mostly 6.00-10.00 higher. Very few slaughter cows were purchased this week as feeding demand pushed cow prices over where slaughter buyers wanted to buy cows. Slaughter cows were all too lightly tested to develop an accurate market trend, however higher undertones were noticed on very limited offerings. Weigh up conditions were mostly average to below average this week. Slaughter bulls sold mostly 10.00-12.00 higher in a very narrow comparison. Young age offerings suitable to feed or rebreed sold generally steady in a narrow comparison. Quality this week was mostly average.

New to these tables? Plain-English explainers ↓

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
544 544 12 505.00 $505.00 $2,747 -25.78
717 717 3 383.00 $383.00 $2,746 -12.49
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
599 599 4 457.50 $457.50 $2,740
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
420 420 1 530.00 $530.00 $2,226

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
385 385 1 557.50 $557.50 $2,146 -0.96
415 415 2 552.00 $552.00 $2,291 +25.31
468 468 8 512.50 $512.50 $2,398 +2.33
560 560 2 430.00 $430.00 $2,408 -0.27
631 631 16 400.00 $400.00 $2,524 -16.91
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
648 648 2 377.50 $377.50 $2,446 -21.50
684 684 4 350.00 $350.00 $2,394 -14.15
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
405 405 1 490.00 $490.00 $1,984

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
436 436 8 537.50 $537.50 $2,344
582–593 592 34 425.00–437.50 $436.42 $2,584
754 754 15 362.50 $362.50 $2,733
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
609 609 7 390.00 $390.00 $2,375
745 745 4 340.00 $340.00 $2,533
Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1145 1145 1 210.00 $210.00 $2,404

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Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1155 1155 80-85% 1 157.50 $157.50 $1,819
1230 1230 80-85% 1 182.50 $182.50 $2,245
1315–1395 1358 80-85% 6 158.00–163.00 $161.17 $2,189
1375 1375 80-85% 1 128.00 $128.00 $1,760
1130–1475 1378 80-85% 37 168.00–180.50 $178.68 $2,462
Breaker ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1330 1330 75-80% 1 183.00 $183.00 $2,434
1592 1592 75-80% 30 181.00 $181.00 $2,882 +12.33
1500–1735 1618 75-80% 2 174.00 $174.00 $2,815
Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1090 1090 85-90% 1 180.00 $180.00 $1,962 +40.21
1030–1310 1130 85-90% 3 120.00–132.00 $125.58 $1,419
1165 1165 85-90% 4 145.00 $145.00 $1,689 -17.34
1150–1240 1195 85-90% 2 142.50–157.50 $149.72 $1,789 -12.62
1110–1250 1230 85-90% 8 169.00–177.00 $173.91 $2,139

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YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1725–1815 1770 2 194.00–205.50 $199.60 $3,533
1780–2085 1972 3 205.00–209.00 $206.99 $4,082
YG2-3 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
2310 2310 1 205.00 $205.00 $4,736

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
1000–1205 1115 Young (2-4 yrs)Open 21 216.00–272.50 $234.27 $2,612
1206 1206 Young/Middle Aged (2-8 yrs)Open 4 185.00 $185.00 $2,231
1345 1345 Young (2-4 yrs)Open 10 190.00 $190.00 $2,556
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
873 873 (<2 yrs)Open 2 270.00 $270.00 $2,357
1143 1143 Young (2-4 yrs)Open 3 201.00 $201.00 $2,297
Medium 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
745 745 (<2 yrs)Open 1 240.00 $240.00 $1,788

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Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1418 1418 Middle Aged (5-8 yrs)3rd Stage (7-9 mo) 7 4,100.00 $4,100.00
1339–1685 1423 Aged (>8 yrs)3rd Stage (7-9 mo) 21 3,100.00–3,500.00 $3,345.11
1388–1510 1475 Middle Aged/Aged (>5 yrs)3rd Stage (7-9 mo) 14 3,550.00–3,650.00 $3,623.12
Medium and Large 1-2 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1158–1345 1205 Aged (>8 yrs)2nd/3rd Stage (4-9 mo) 4 2,700.00–2,850.00 $2,808.13

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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.