Cattle Market Pulse

Billings Livestock Commission Cattle Auction Market Report

Billings, Montana · USDA-reported Auction Livestock

Sale of Monday, November 27, 2023

736 head sold ·Official USDA report

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

heavy 7-weight M&L 1-2 heifers $192.83/cwt ≈ $1,506/hd at 781 lb · 13 head
heavy 5-weight M&L 1-2 steers $239.00/cwt ≈ $1,329/hd at 556 lb · 13 head
heavy 7-weight M&L 1-2 steers $211.00/cwt ≈ $1,642/hd at 778 lb · 12 head
HeadThis saleLast saleLast year
Total receipts 736 2,427 1,252
Feeder cattle 169 349
Slaughter cattle 502 952 664
Replacement cattle 65 1,475 239

Compared to last week: No calves were sold last week as last weeks sale featured bred stock and weigh ups. Steer and heifer calves were all lightly tested today. Most offerings sold in small groups or as singles. Demand for feeder cattle was light. Quality this week was mostly plain to average. CME positions sold off sharply again today with triple digit losses seen on all contracts. The January contract closed 6.525 lower to close at 212.80, the March closed 6.425 lower to close at 216.30. Market activity was mostly slow today. Weigh up cows sold on moderate demand for mostly light offerings. All classes of slaughter cows sold generally steady in a narrow comparison. High quality feeding cows sold steady to firm. Thin feeding or turn out cows sold mostly 1.00-2.00 higher. Slaughter bulls were too lightly tested to develop an accurate market trend, however higher undertones were noticed. Weigh up conditions were mostly average to below average, with many full offerings noticed. Young age cows suitable to feed or rebreed sold on light demand today. Quality was mostly plain to average and most offerings sold to feed. This class was too lightly tested to develop any market trend.

New to these tables? Plain-English explainers ↓

Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
340 unweaned 340 1 265.00 $265.00 $901
395 unweaned 395 1 290.00 $290.00 $1,146
450 unweaned 450 1 280.00 $280.00 $1,260
520–530 unweaned 527 3 240.00 $240.00 $1,265
556 unweaned 556 13 239.00 $239.00 $1,329
605 unweaned 605 1 225.00 $225.00 $1,361
610 610 3 207.00 $207.00 $1,263
683 unweaned 683 4 218.00 $218.00 $1,489
735 unweaned 735 3 206.00 $206.00 $1,514
778 778 12 211.00 $211.00 $1,642
Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
454 unweaned 454 9 290.00 $290.00 $1,317
780 unweaned 780 3 207.00 $207.00 $1,615
979 979 6 194.00 $194.00 $1,899
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
455 unweaned 455 1 265.00 $265.00 $1,206
598 unweaned 598 3 213.00 $213.00 $1,274
Medium 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
420 unweaned 420 3 277.50 $277.50 $1,166

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Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
350–369 unweaned 366 6 230.00–232.50 $232.10 $849
415–435 unweaned 430 5 212.50–230.00 $226.42 $974
473 unweaned 473 2 227.50 $227.50 $1,076
505–520 unweaned 514 8 222.00–229.00 $226.42 $1,164
600 600 1 206.00 $206.00 $1,236
601 unweaned 601 4 207.50 $207.50 $1,247
697 unweaned 697 3 196.00 $196.00 $1,366
760–785 781 13 189.00–193.50 $192.83 $1,506
824–832 827 9 194.00–195.50 $195.00 $1,613
865 865 3 187.00 $187.00 $1,618
1033 1033 2 172.00 $172.00 $1,777
Medium 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
343 unweaned 343 4 220.00 $220.00 $755
Medium 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
399 unweaned 399 4 162.50 $162.50 $648
Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
613 unweaned 613 3 214.00 $214.00 $1,312
Medium 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
370 unweaned 370 1 210.00 $210.00 $777

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Medium 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
319 unweaned 319 8 242.50 $242.50 $774

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Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1255–1565 1395 80-85% 41 87.00–97.00 $93.35 $1,302 +3.35
1363–1600 1414 80-85% 15 74.00–85.50 $83.78 $1,185
1427 1427 80-85% 3 99.50 $99.50 $1,420
1408–1705 1481 80-85% 11 79.00–86.00 $80.48 $1,192
1430–1655 1543 80-85% 2 85.00–91.00 $88.22 $1,361
Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
990 990 85-90% 1 54.00 $54.00 $535
1040 1040 85-90% 1 79.00 $79.00 $822
1060–1170 1111 85-90% 4 77.00–78.00 $77.39 $860 -3.25
1150 1150 85-90% 1 97.00 $97.00 $1,116 +20.42
1030–1355 1174 85-90% 5 65.00–79.00 $73.26 $860 -3.32
970–1280 1210 85-90% 22 79.00–91.00 $82.11 $994 +1.11
1225 1225 85-90% 2 60.00 $60.00 $735 -21.00
Breaker ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1595–1905 1730 75-80% 5 95.00–98.50 $97.22 $1,682

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YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1250 1250 1 106.00 $106.00 $1,325
1410–1910 1805 11 112.00–118.00 $116.55 $2,104

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
870–1185 966 (<2 yrs)Open 6 117.50–170.00 $143.36 $1,385
1020–1157 1123 Young (2-4 yrs)Open 4 107.00–115.00 $113.18 $1,271
1218 1218 Young/Middle Aged (2-8 yrs)Open 2 90.00 $90.00 $1,096
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
1050 1050 Young (2-4 yrs)Open 1 85.00 $85.00 $892

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Medium and Large 1-2 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1343 1343 Aged (>8 yrs)2nd Stage (4-6 mo) 3 1,385.00 $1,385.00
1130–1536 1468 Young (2-4 yrs)2nd Stage (4-6 mo) 6 1,400.00–1,500.00 $1,412.83
Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1238 1238 Young (2-4 yrs)1st/2nd Stage (1-6 mo) 3 1,850.00 $1,850.00
1245 1245 Young (2-4 yrs)1st Stage (1-3 mo) 3 1,400.00 $1,400.00

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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.