Cattle Market Pulse

Billings Livestock Commission Cattle Auction Market Report

Billings, Montana · USDA-reported Auction Livestock

Sale of Monday, October 12, 2026

873 head sold ·Official USDA report

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

heavy 5-weight M&L 1-2 steers $373.30/cwt -96.70 vs last sale · ≈ $2,132/hd at 571 lb · 29 head
light 4-weight L 1-2 steers $427.00/cwt ≈ $1,870/hd at 438 lb · 19 head
heavy 8-weight M&L 1 steers $317.50/cwt ≈ $2,848/hd at 897 lb · 15 head
HeadThis saleLast saleLast year
Total receipts 873 1,011 0
Feeder cattle 335 334 0
Slaughter cattle 399 402 0
Replacement cattle 139 275 0

This is the first Monday sale of the fall. All feeder cattle were too lightly tested to develop any market trend. Demand for feeder cattle was mostly light to moderate for light offerings. Quality this week was mostly plain. Most feeders were offered in small packages with many singles noticed. Market activity was mostly moderate. Weigh up cows sold on moderate to good demand for light to moderate offerings. Cow quality this week was mixed from plain to attractive. Feeding cows sold with mostly moderate to good demand. American packers were more active this sale as they bid aggressively against Canadian buyers buying feeding cows to ship north. The last sale with cows was on October 1st so all sale comparisons are to that sale. Feeding cows sold mostly steady to 3.00 higher on breaking and boning cows, lean flesh cows sold 5.00-8.00 higher. Farmer feeders were much more active as they purchased lean cows which will gain quickly when put on feed. Weigh up conditions were mostly average today. Slaughter cows were too lightly tested to develop an accurate market trend, however lower undertones were noticed. Very few cows were purchased for immediate harvest this week as feeding buyers pushed most lame and blemished cows over slaughter cow orders. Slaughter bulls sold steady to firm on a higher yielding offering. Many bulls have been left out on range and have fleshed up on green fall grass. Yields have improved over the past few weeks as a result. Feeding bulls sold with higher undertones in a narrow comparison. Quality was mostly average to attractive this week. Young age cows suitable to feed or rebreed sold on moderate to good demand. Quality this week was mostly average. Steady to higher undertones were noticed.

New to these tables? Plain-English explainers ↓

Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
270–273 unweaned 273 7 615.00–640.00 $636.46 $1,738 —
327 unweaned 327 3 560.00 $560.00 $1,831 —
463 unweaned 463 2 457.50 $457.50 $2,118 —
540 unweaned 540 2 402.00 $402.00 $2,171 —
564–583 unweaned 571 29 352.50–384.00 $373.30 $2,132 —
650 unweaned 650 4 321.00–330.00 $325.50 $2,116 —
897 897 3 316.00 $316.00 $2,835 -6.50
Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
358 unweaned 358 10 550.00 $550.00 $1,969 —
438 unweaned 438 19 427.00 $427.00 $1,870 —
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
280–285 unweaned 282 3 540.00–550.00 $543.37 $1,532 —
338–339 unweaned 339 6 460.00–520.00 $500.04 $1,695 —
365 unweaned 365 4 360.00 $360.00 $1,314 —
738 738 2 335.00 $335.00 $2,472 —
755–789 781 8 330.00–338.00 $331.93 $2,592 —
Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
897 897 15 317.50 $317.50 $2,848 —
Medium 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
570 unweaned 570 4 360.00 $360.00 $2,052 —

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Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
349 unweaned 349 8 447.00 $447.00 $1,560 —
420 unweaned 420 4 422.00 $422.00 $1,772 —
478–480 unweaned 478 6 377.00–392.00 $379.51 $1,814 —
538 unweaned 538 5 362.00 $362.00 $1,948 —
568–580 unweaned 573 9 320.00–332.00 $326.60 $1,871 —
Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
326 unweaned 326 7 430.00 $430.00 $1,402 —
422 unweaned 422 5 410.00 $410.00 $1,730 —
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
549 549 5 340.00 $340.00 $1,867 —
700 700 7 305.00 $305.00 $2,135 —
Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
325 unweaned 325 2 535.00 $535.00 $1,739 —
518 unweaned 518 2 375.00 $375.00 $1,942 —
553 unweaned 553 2 350.00 $350.00 $1,936 —
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1155 fancy 1155 2 292.00 $292.00 $3,373 —

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Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
448 unweaned 448 2 432.50 $432.50 $1,938 —
470 unweaned 470 1 370.00 $370.00 $1,739 —
568–583 unweaned 577 5 332.50–342.50 $336.44 $1,941 —
665 unweaned 665 1 340.00 $340.00 $2,261 —
749 749 8 307.50 $307.50 $2,303 —

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Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1219 1219 80-85% 4 152.00 $152.00 $1,853 —
1243–1466 1361 80-85% 20 115.00–141.00 $132.90 $1,809 -32.46
1240–1535 1378 80-85% 94 143.00–152.00 $148.16 $2,042 -17.20
1305–1500 1392 80-85% 13 117.00–124.00 $118.83 $1,654 -72.13
1300–1710 1402 80-85% 19 100.00–116.00 $111.42 $1,562 —
Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
835–955 895 85-90% 2 87.50–90.00 $88.67 $794 —
860–980 901 85-90% 6 97.50–105.00 $101.68 $916 —
1005–1230 1130 85-90% 4 116.00–117.00 $116.22 $1,313 -7.24
1055–1285 1132 85-90% 5 90.00–97.50 $93.53 $1,059 -29.93
1010–1266 1139 85-90% 29 118.00–136.00 $129.78 $1,478 -24.12
1050–1215 1168 85-90% 5 148.00–155.00 $152.13 $1,777 -26.53
1020–1285 1177 85-90% 28 99.00–115.00 $109.75 $1,292 -68.91
1015–1285 1203 85-90% 59 138.00–149.50 $146.85 $1,767 -36.52
Breaker ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1310 1310 75-80% 1 151.00 $151.00 $1,978 —
1495–1620 1542 75-80% 33 140.00–150.00 $146.29 $2,256 -17.00
1550–1825 1669 75-80% 7 125.00–138.00 $132.10 $2,205 -39.65
1695–1785 1754 75-80% 5 112.50–125.00 $119.28 $2,092 —
1705–1995 1850 75-80% 2 127.00–131.00 $128.84 $2,384 —

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YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1215–1370 1293 2 150.00–151.00 $150.53 $1,946 —
1275–1690 1508 6 172.00–180.00 $174.50 $2,631 -41.35
1530–2220 1753 6 161.00–173.00 $166.92 $2,926 —
1495–2115 1815 9 168.00–172.50 $170.93 $3,102 —
1748–2180 1947 8 175.00–183.00 $179.59 $3,497 —
YG2-3 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
2450 2450 1 175.00 $175.00 $4,288 —

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
760–1165 1006 (<2 yrs)Open 40 227.50–307.50 $278.40 $2,801
1074–1520 1164 Young (2-4 yrs)Open 29 165.00–267.50 $218.37 $2,542
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
903–1070 1004 (<2 yrs)Open 9 193.00–260.00 $217.16 $2,180
1035–1048 1045 Young (2-4 yrs)Open 4 210.00–282.50 $264.54 $2,764
Medium 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
730–815 773 (<2 yrs)Open 2 280.00–300.00 $290.55 $2,246

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Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1237 1237 Young (2-4 yrs)1st Stage (1-3 mo) 3 2,950.00 $2,950.00
1278 1278 Middle Aged/Aged (>5 yrs)1st/2nd Stage (1-6 mo) 2 2,150.00 $2,150.00
1285–1438 1373 Young (2-4 yrs)1st/2nd Stage (1-6 mo) 4 2,850.00–3,125.00 $3,034.46
1440 1440 Middle Aged (5-8 yrs)1st/2nd Stage (1-6 mo) 1 2,750.00 $2,750.00
1380–1570 1458 Aged (>8 yrs)1st/2nd Stage (1-6 mo) 8 2,100.00–2,325.00 $2,163.74
Medium and Large 1-2 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1006 1006 Middle Aged/Aged (>5 yrs)1st Stage (1-3 mo) 4 1,700.00 $1,700.00
1183 1183 Aged (>8 yrs)1st/2nd Stage (1-6 mo) 2 1,700.00 $1,700.00

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hdΔ last sale
1115–1385 1290 Young (2-4 yrs)N/A 12 214.00–262.00 $226.00 $2,915 —
Medium 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hdΔ last sale
730–875 803 Young (2-4 yrs)N/A 2 235.00–270.00 $254.08 $2,040 —

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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.