Cattle Market Pulse

Billings Livestock Commission Cattle Auction Market Report

Billings, Montana · USDA-reported Auction Livestock

Sale of Thursday, October 1, 2026

1,285 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 $434.65/cwt +21.84 vs last sale · ≈ $2,430/hd at 559 lb · 91 head
heavy 4-weight M&L 1 heifers $420.21/cwt -4.12 vs last sale · ≈ $2,051/hd at 488 lb · 34 head
light 8-weight M&L 1 heifers $329.19/cwt -9.10 vs last sale · ≈ $2,650/hd at 805 lb · 32 head
HeadThis saleLast saleLast year
Total receipts 1,285 2,107 864
Feeder cattle 665 1,718 425
Slaughter cattle 379 271 258
Replacement cattle 241 118 181

Compared to last sale (9-24-26): Feeder steers and heifer calves were too lightly tested to develop an accurate market trend, however higher undertones were noticed. Yearling steers were too lightly tested to develop any market trend. Yearling heifers were too lightly tested to develop an accurate market trend, however steady undertones were noticed. Quality this week was mixed from plain to average on calves and yearlings. Demand was mostly good to very good with several buyers actively bidding on offerings. Lots of variation in quality was noticed on both calves and yearlings. CME positions moved higher again today with most nearby contracts moving over 2.00 higher. Market activity was active with rapid bidding seen, despite a small buyer pool. Weigh up cows sold on mostly light demand and light to moderate offerings. Demand for feeding cows remains mostly light. Canadian buyers continue to show good demand for feeding cows however, with little resistance seen from American buyers, cows continue to soften. Feeding cows sold steady to 5.00 lower on breaking flesh cows. Boning and lean fleshed feeding cows sold mostly 5.00-8.00 lower. Feeding cow quality remains mostly plain to average. Many blemished cows continue to be seen and many of these offerings were purchased to feed by private feeders this week, instead of going to slaughter like last week. Demand for slaughter cows was also light as packers all showed light demand for all classes of cows. Breaking cows were almost all purchased to feed this week, no trend is available. Boning and lean cows sold mostly 3.00-6.00 lower on a lower quality lower yielding offering compared to last week. Slaughter bulls sold mostly steady. Demand for feeding bull was mostly moderate to good and forced packer buyers to compete over offerings. Feeding bulls sold generally steady. Young age cow offerings sold on good to very good demand this week with more buyers in the market. Young age offerings sold mostly 10.00 higher on a higher quality offering. A few ranch tested bred cows sold today, they were not re-tested at the yards and are in the report below as bred cows sold per cwt.

New to these tables? Plain-English explainers ↓

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
373 unweaned 373 2 540.00 $540.00 $2,014 -24.49
410 unweaned 410 1 525.00 $525.00 $2,152 +3.23
457–499 unweaned 469 16 463.00–480.00 $469.99 $2,204 -3.03
551–565 unweaned 559 91 427.00–442.50 $434.65 $2,430 +21.15
610–640 unweaned 621 23 392.50–408.00 $401.81 $2,495 +9.94
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
310–314 unweaned 313 7 600.00–602.50 $601.79 $1,884 —
407–425 unweaned 408 24 485.00–492.50 $485.33 $1,980 —
452–474 unweaned 467 10 435.00–462.00 $456.56 $2,132 -18.44
524 unweaned 524 25 437.00 $437.00 $2,290 -8.00
570–588 unweaned 582 17 386.00–402.50 $396.91 $2,310 +11.22
610 unweaned 610 3 387.50 $387.50 $2,364 —
891 891 11 330.00 $330.00 $2,940 -10.00
915 915 2 325.00 $325.00 $2,974 +4.00
1038 1038 5 302.00 $302.00 $3,135 -4.00
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
507 unweaned 507 5 415.00 $415.00 $2,104 —
1018 1018 2 290.00 $290.00 $2,952 +5.00
Medium 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
780 780 4 335.00 $335.00 $2,613 —

↑ Back to top

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
394 unweaned 394 8 473.00 $473.00 $1,864 +3.00
468–497 unweaned 488 34 395.00–429.00 $420.21 $2,051 -4.12
528–546 unweaned 539 30 382.50–401.00 $393.87 $2,123 +8.90
553–591 unweaned 581 11 375.00–395.00 $380.19 $2,209 -6.44
611 unweaned 611 7 382.50 $382.50 $2,337 +15.33
801–823 805 32 329.00–330.00 $329.19 $2,650 -5.54
857–894 867 23 314.00–327.50 $322.39 $2,795 +1.61
905–948 926 24 306.00–310.50 $308.44 $2,856 -1.66
979–986 982 13 297.00–299.00 $298.23 $2,929 -4.40
1008–1028 1018 13 292.00–300.00 $294.51 $2,998 +13.94
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
365 unweaned 365 15 480.00 $480.00 $1,752 +43.13
444 unweaned 444 7 442.50 $442.50 $1,965 +2.82
491 unweaned 491 25 410.00 $410.00 $2,013 +29.50
542 unweaned 542 6 370.00 $370.00 $2,005 —
709–749 734 11 337.50–339.00 $338.47 $2,484 -1.53
785 785 2 330.00 $330.00 $2,590 -12.97
805–807 806 15 310.00–322.00 $317.21 $2,557 -8.41
865–870 868 2 305.00–308.00 $306.50 $2,660 +1.50
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1028 1028 6 288.00 $288.00 $2,961 —
1185 1185 1 270.00 $270.00 $3,200 -4.22
Medium 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
269 unweaned 269 4 475.00 $475.00 $1,278 —
Medium 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
765 765 2 322.50 $322.50 $2,467 —

↑ Back to top

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
987 987 13 297.50 $297.50 $2,936 —
1050 1050 2 270.00 $270.00 $2,835 —
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1090 1090 1 265.00 $265.00 $2,888 —
1215–1220 1218 5 232.50–235.00 $233.50 $2,844 -6.50
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
435 unweaned 435 2 495.00 $495.00 $2,153 —
998 998 2 260.00 $260.00 $2,595 -35.00
Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1140 1140 1 245.00 $245.00 $2,793 —
1195 1195 1 220.00 $220.00 $2,629 -10.00

↑ Back to top

Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1335 1335 80-85% 1 136.00 $136.00 $1,816 —
1250–1465 1349 80-85% 24 150.00–158.00 $153.07 $2,065 —
1238–1610 1395 80-85% 44 112.00–135.00 $124.30 $1,734 —
1235–1437 1403 80-85% 18 114.00–118.50 $117.33 $1,646 -21.94
1213–1855 1415 80-85% 7 120.00–130.00 $125.75 $1,779 -13.52
1274–1615 1417 80-85% 89 136.00–150.00 $145.09 $2,056 +5.82
Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
875 875 85-90% 1 125.00 $125.00 $1,094 —
1113–1160 1120 85-90% 7 134.00–135.00 $134.15 $1,502 -25.85
960–1280 1156 85-90% 27 104.00–119.00 $111.96 $1,294 -18.40
1038–1285 1160 85-90% 4 89.00–97.50 $94.92 $1,101 -35.44
1110–1208 1163 85-90% 4 149.00–150.00 $149.76 $1,742 +19.40
960–1245 1166 85-90% 10 105.00–131.00 $119.68 $1,395 -10.68
1130–1210 1172 85-90% 3 122.00–130.00 $127.00 $1,488 -3.36
1040–1247 1218 85-90% 22 132.00–137.00 $135.22 $1,647 +23.72
Breaker ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1465–1620 1559 75-80% 4 125.00–135.00 $129.24 $2,015 —
1436–1609 1567 75-80% 31 147.50–149.50 $148.59 $2,328 +33.59
1790 1790 75-80% 1 134.00 $134.00 $2,399 —

↑ Back to top

YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1305–1340 1317 3 170.00 $170.00 $2,239 —
1428–1650 1557 8 171.00–178.00 $173.57 $2,702 —
1285–1945 1598 16 155.00–170.00 $164.28 $2,625 —
1430–2115 1725 6 158.00–161.00 $159.56 $2,752 -4.01
1700–2195 2028 7 174.00–177.00 $175.75 $3,564 -11.56
2300 2300 1 183.00 $183.00 $4,209 —
YG2-3 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
2690 2690 1 168.50 $168.50 $4,533 —

↑ Back to top

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
868–1320 1023 (<2 yrs)Open 72 190.00–307.50 $270.85 $2,771
915–1259 1175 Young (2-4 yrs)Open 14 170.00–265.00 $205.18 $2,411
1243 1243 (<2 yrs)Open 3 182.50 $182.50 $2,268
1200–1305 1253 Young/Middle Aged (2-8 yrs)Open 2 153.00–157.50 $155.16 $1,944
1365 1365 Young (2-4 yrs)Open 2 158.00 $158.00 $2,157
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
839 thin fleshed 839 (<2 yrs)Open 5 222.50 $222.50 $1,867
805–1225 980 (<2 yrs)Open 11 197.50–270.00 $247.93 $2,430
1035–1370 1198 Young (2-4 yrs)Open 3 152.00–195.00 $171.99 $2,060

↑ Back to top

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
1225–1258 1249 Young (2-4 yrs)1st Stage (1-3 mo) 7 170.00–210.00 $181.21 $2,263
1382 1382 Aged (>8 yrs)1st Stage (1-3 mo) 21 144.50 $144.50 $1,997
1398 1398 Aged (>8 yrs)1st/2nd Stage (1-6 mo) 6 2,375.00 $2,375.00 $33,202
1488 1488 Aged (>8 yrs)1st/2nd Stage (1-6 mo) 4 139.00 $139.00 $2,068
1599 1599 Middle Aged/Aged (>5 yrs)1st Stage (1-3 mo) 6 143.00 $143.00 $2,287
Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1093–1250 1159 Young (2-4 yrs)1st/2nd Stage (1-6 mo) 4 3,100.00–3,200.00 $3,126.96
1268–1480 1298 Young (2-4 yrs)2nd Stage (4-6 mo) 7 3,450.00 $3,450.00
1321 1321 Middle Aged/Aged (>5 yrs)1st/2nd Stage (1-6 mo) 3 2,275.00 $2,275.00
1382–1530 1441 Aged (>8 yrs)1st/2nd Stage (1-6 mo) 5 2,300.00–2,400.00 $2,342.46
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
1289 1289 Aged (>8 yrs)1st/2nd Stage (1-6 mo) 6 136.00 $136.00 $1,753
Medium and Large 1-2 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1387 1387 Middle Aged (5-8 yrs)1st/2nd Stage (1-6 mo) 3 2,500.00 $2,500.00
1472 1472 Middle Aged/Aged (>5 yrs)1st/2nd Stage (1-6 mo) 3 2,325.00 $2,325.00
Medium 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
963 963 Young (2-4 yrs)1st/2nd Stage (1-6 mo) 2 2,825.00 $2,825.00

↑ Back to top

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hdΔ last sale
1005–1290 1176 Young (2-4 yrs)N/A 7 240.00–288.00 $256.37 $3,015 —
1620 1620 Young (2-4 yrs)N/A 1 185.00 $185.00 $2,997 —
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hdΔ last sale
1240 1240 Young (2-4 yrs)N/A 2 151.00 $151.00 $1,872 —

↑ Back to top

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.