Cattle Market Pulse

Billings Livestock Commission Cattle Auction Market Report

Billings, Montana · USDA-reported Auction Livestock

Sale of Thursday, May 28, 2026

1,999 head sold ·Official USDA report

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

heavy 6-weight L 1 steers $436.50/cwt ≈ $2,920/hd at 669 lb · 90 head
light 8-weight M&L 1 heifers $355.82/cwt +24.82 vs last sale · ≈ $2,896/hd at 814 lb · 80 head
light 7-weight M&L 1 heifers $377.65/cwt ≈ $2,715/hd at 719 lb · 78 head
HeadThis saleLast saleLast year
Total receipts 1,999 1,377 2,000
Feeder cattle 722 344 1,112
Slaughter cattle 356 712 187
Replacement cattle 921 321 701

Compared to last sale (5-21-26): Feeder cattle were all too lightly tested last week to develop any market trend. Quality this week was mixed from plain to very attractive. Overall quality was significantly higher than last week. Several high quality sets of heifers were seen this week that ranchers had slated to run as replacements, but sold today due to drought conditions. These heifers were in light flesh and very attractive overall. All of these heifers were purchased to feed today. Demand was mostly good to very good for light offerings. Most offerings were offered in moderate to small groups this week. A small to moderate size crowd was on hand for todays sale. A mix of ranchers and order buyers were noticed. Market activity was mostly moderate to active. Weigh up cows sold on light to moderate demand for light offerings. Demand for feeding cows was mostly moderate and not as strong as last week. Fewer buyers were in the market this week buying cows to feed. Canadian buyers purchased mostly thin cows to feed this week. Cow quality this week was mostly plain to average and significantly lower than last week. Many cows were out of dry country and were thin as a result. Many of these thin cows were full as they tanked up on hay and water in the yards. Feeding cows sold 3.00-5.00 lower on breaking and boning flesh cows, while lean fleshed cows sold 3.00-6.00 lower on a lower quality offering. Demand for slaughter cows was mostly moderate. All slaughter cows were too lightly tested to develop an accurate market trend, however steady to weak undertones were noticed on all offerings. Slaughter bulls sold fully steady in a narrow comparison. Bull quality this week was mostly average to attractive, but not as attractive as last week. Demand for feeding bulls was very good again this sale. Feeding bulls sold mostly steady. Young age offerings suitable to feed or rebreed were too lightly tested to develop any market trend. Quality this week was mostly average.

New to these tables? Plain-English explainers ↓

Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
501 501 7 552.50 $552.50 $2,768
565 565 18 477.00 $477.00 $2,695
603–627 623 16 450.00–462.50 $452.27 $2,818
669 669 90 436.50 $436.50 $2,920
Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
360 unweaned 360 8 615.00 $615.00 $2,214
411 unweaned 411 10 585.00 $585.00 $2,404
550 550 1 525.00 $525.00 $2,888
568 unweaned 568 4 468.00 $468.00 $2,658
660–676 675 16 420.00–437.50 $421.07 $2,842
705 705 6 412.00 $412.00 $2,905
805–840 823 2 360.00–367.00 $363.43 $2,991
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
460–485 470 5 510.00–530.00 $521.74 $2,452
503 503 2 525.00 $525.00 $2,641 +55.00
653 653 2 425.00 $425.00 $2,775
714–715 714 6 385.00 $385.00 $2,749
784 784 7 364.00 $364.00 $2,854 -3.00
833 833 2 355.00 $355.00 $2,957 -7.19
1012 1012 3 304.00 $304.00 $3,076
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
545 545 3 480.00 $480.00 $2,616
661 661 4 397.50 $397.50 $2,627 +26.87
737 737 3 372.50 $372.50 $2,745 +22.50

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
548 unweaned 548 5 442.50 $442.50 $2,425
550–555 551 7 432.50–442.50 $435.38 $2,399
621–640 634 42 401.00–423.00 $407.28 $2,582 +7.28
680–682 681 11 381.00–387.00 $383.72 $2,613
713–720 719 78 367.00–382.50 $377.65 $2,715
764–787 773 50 360.00–368.00 $363.75 $2,812
803–816 814 80 346.00–357.00 $355.82 $2,896 +24.82
938 938 2 315.00 $315.00 $2,955
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
305–345 unweaned 341 9 475.00–490.00 $476.49 $1,625
395 unweaned 395 2 445.00 $445.00 $1,758
450 unweaned 450 4 417.50 $417.50 $1,879
500 unweaned 500 10 422.50 $422.50 $2,112
595–598 596 18 402.00–417.50 $405.46 $2,417 +3.52
622 622 10 390.00 $390.00 $2,426 +9.98
696 696 8 379.00 $379.00 $2,638 +12.09
731 731 13 354.00 $354.00 $2,588 +19.00
752–753 752 5 341.00–342.50 $341.60 $2,569
808 808 6 327.50 $327.50 $2,646 +4.03
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
405–431 422 12 435.00–437.50 $436.70 $1,843 -28.30
498 498 13 421.00 $421.00 $2,097 -14.00
583 583 4 332.00 $332.00 $1,936 -68.00
608 608 3 337.00 $337.00 $2,049 -23.00
631 631 4 337.50 $337.50 $2,130 -22.50

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Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
338 338 2 580.00 $580.00 $1,960
474 474 4 490.00 $490.00 $2,323
505 505 2 452.50 $452.50 $2,285
668 668 2 390.00 $390.00 $2,605 +15.00
773 773 2 362.00 $362.00 $2,798
920 920 4 315.00 $315.00 $2,898
955 955 3 302.50 $302.50 $2,889
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1055–1057 1057 4 290.00–300.00 $297.50 $3,145 +2.50
Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hdΔ last sale
1581 1581 (<2 yrs)N/A 4 230.00 $230.00 $3,636
Medium 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
487 unweaned 487 3 485.00 $485.00 $2,362

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Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1305–1370 1325 80-85% 4 189.00–190.00 $189.74 $2,514
1330 1330 80-85% 1 147.00 $147.00 $1,955
1280–1553 1365 80-85% 69 174.50–187.50 $181.10 $2,472 -4.78
1255–1538 1412 80-85% 26 161.00–172.00 $167.93 $2,371 -28.18
1300–1600 1473 80-85% 4 163.00–170.00 $166.38 $2,451 -6.38
1698 1698 80-85% 2 169.00 $169.00 $2,870
Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
885–945 926 85-90% 4 135.00–140.00 $138.15 $1,279 +11.86
1082–1160 1098 85-90% 5 120.00–127.50 $121.58 $1,335
996–1260 1155 85-90% 76 160.00–172.50 $166.28 $1,921 +26.65
1030–1255 1167 85-90% 5 132.50–151.00 $143.12 $1,670 -41.17
1182–1280 1225 85-90% 11 177.50–187.50 $182.84 $2,240 +12.84
Breaker ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1430–1645 1515 75-80% 8 179.00–185.00 $181.80 $2,754 -17.25
1528–1645 1589 75-80% 10 166.00–170.00 $168.78 $2,682
1618 1618 75-80% 2 173.00 $173.00 $2,799 -15.89
1780 1780 75-80% 3 174.00 $174.00 $3,097
2090 2090 75-80% 1 145.00 $145.00 $3,030

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YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1433–1813 1584 7 214.50–224.50 $219.17 $3,472
1855 1855 1 213.50 $213.50 $3,960 -6.57
1550–2175 1915 14 218.00–225.00 $222.02 $4,252
2008–2125 2047 3 225.00–228.00 $226.04 $4,627 -9.92

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
1030 1030 (<2 yrs)Open 1 260.00 $260.00 $2,678
1000–1275 1143 Young (2-4 yrs)Open 19 202.00–275.00 $230.27 $2,632
1050–1250 1164 (<2 yrs)Open 10 231.00–312.50 $248.00 $2,887
1173–1420 1200 Young/Middle Aged (2-8 yrs)Open 9 188.00–201.00 $196.90 $2,363
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
830–1105 1027 (<2 yrs)Open 17 212.00–287.00 $252.36 $2,592
985–1207 1096 Young (2-4 yrs)Open 16 200.00–277.50 $225.58 $2,472
Medium 1-2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
892 892 (<2 yrs)Open 3 282.50 $282.50 $2,520
Medium 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
800–845 823 (<2 yrs)Open 2 300.00–305.00 $302.43 $2,489
Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
1440 1440 Young (2-4 yrs)Open 1 193.00 $193.00 $2,779

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Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1212–1345 1234 Young (2-4 yrs)3rd Stage (7-9 mo) 6 3,800.00–4,000.00 $3,963.67
1200–1256 1247 Middle Aged (5-8 yrs)2nd Stage (4-6 mo) 6 3,150.00–3,200.00 $3,158.02
1249–1415 1277 Young (2-4 yrs)2nd Stage (4-6 mo) 6 3,500.00 $3,500.00
1325 1325 Middle Aged/Aged (>5 yrs)2nd Stage (4-6 mo) 1 3,200.00 $3,200.00
1340 1340 Middle Aged (5-8 yrs)3rd Stage (7-9 mo) 1 3,800.00 $3,800.00
1455–1498 1477 Middle Aged/Aged (>5 yrs)3rd Stage (7-9 mo) 8 3,400.00–3,600.00 $3,498.54
1600 1600 Aged (>8 yrs)3rd Stage (7-9 mo) 2 3,000.00 $3,000.00
1688 1688 Aged (>8 yrs)2nd Stage (4-6 mo) 3 2,800.00 $2,800.00
Medium and Large 1-2 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1207 1207 Middle Aged/Aged (>5 yrs)2nd Stage (4-6 mo) 3 2,500.00 $2,500.00
1230 1230 Middle Aged (5-8 yrs)2nd Stage (4-6 mo) 3 3,050.00 $3,050.00
1314 thin fleshed 1314 Aged (>8 yrs)2nd Stage (4-6 mo) 10 2,600.00 $2,600.00
1670 1670 Aged (>8 yrs)3rd Stage (7-9 mo) 2 3,300.00 $3,300.00
Medium and Large 2 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1132 1132 Aged (>8 yrs)3rd Stage (7-9 mo) 3 2,500.00 $2,500.00

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Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $ Δ last sale
1140–1430 1270 Young (2-4 yrs)Open 9 4,525.00–4,625.00 $4,559.99
1318 thin fleshed 1318 Young (2-4 yrs)Open 9 4,575.00 $4,575.00
1397 thin fleshed 1397 Middle Aged/Aged (>5 yrs)Open 26 4,250.00 $4,250.00
1430–1498 1464 Middle Aged (5-8 yrs)Open 4 4,400.00–4,600.00 $4,502.32
1465 1465 Middle Aged/Aged (>5 yrs)Open 17 4,450.00 $4,450.00
1371–1490 1470 Aged (>8 yrs)Open 42 3,775.00–4,100.00 $4,049.49
1421–1509 thin fleshed 1472 Aged (>8 yrs)Open 48 3,800.00–3,825.00 $3,803.58
1470–1487 1476 Young (2-4 yrs)Open 31 4,900.00–5,010.00 $4,970.68
1330–1790 1511 Middle Aged/Aged (>5 yrs)Open 28 4,450.00–4,750.00 $4,619.46
1415–1860 1610 Aged (>8 yrs)Open 52 4,350.00–4,500.00 $4,377.73
1611–1676 1637 Middle Aged (5-8 yrs)Open 35 4,525.00–4,975.00 $4,821.08
Medium and Large 1-2 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $ Δ last sale
1315 1315 Middle Aged (5-8 yrs)Open 2 3,800.00 $3,800.00
1395 1395 Middle Aged/Aged (>5 yrs)Open 4 3,850.00 $3,850.00
1503–1710 1572 Young (2-4 yrs)Open 6 4,600.00–4,650.00 $4,631.87
Medium and Large 2 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $ Δ last sale
1654 1654 Young (2-4 yrs)Open 8 3,800.00 $3,800.00

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Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $ Δ last sale
1188 1188 (<2 yrs)Open 5 4,575.00 $4,575.00
1270 1270 (<2 yrs)Open 2 5,050.00 $5,050.00

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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.