Cattle Market Pulse

Public Auction Yards Livestock Cattle Auction Market Report

Billings, Montana · USDA-reported Auction Livestock

Sale of Friday, October 23, 2020

2,017 head sold ·Official USDA report

This is an archived report. See the latest Public Auction Yards Livestock Cattle Auction report →

heavy 4-weight M&L 1 heifers $139.49/cwt -7.88 vs last sale · ≈ $662/hd at 474 lb · 222 head
light 6-weight M&L 1 steers $140.39/cwt -1.90 vs last sale · ≈ $864/hd at 615 lb · 197 head
heavy 5-weight M&L 1 steers $141.64/cwt -4.57 vs last sale · ≈ $803/hd at 567 lb · 188 head
HeadThis saleLast saleLast year
Total receipts 2,017 3,353 2,640
Feeder cattle 1,881 3,042 2,216
Slaughter cattle 101 311 77
Replacement cattle 35 347

Compared to last Friday: Yearling steers and heifers were too lightly tested to develop any market trend. Unweaned steers under 400 lbs were too lightly tested to develop an accurate market trend, lower undertones were noticed; 400-649 lbs steers sold mostly 1.00-5.00 lower; steer calves over 650 lbs sold steady to firm. Heifer calves under 400 lbs sold fully steady; 400-549 lbs heifers sold mostly 3.00-6.00 lower; heifers over 550 lbs sold steady to weak. Quality this week was mixed from plain to attractive. Calves were offered in mostly small to medium size packages. Demand was mostly light to moderate. Several packages of weaned calves were seen this week. These were met with mostly moderate demand. Calves weaned less than 45 days sold on mostly light demand as many sets this week looked stressed and were extremely full. Cold and wet conditions along with a major snow storm about to bear down on southern Montana impacted demand today. CME positions showed losses over the past week in the led up to the release of the cattle on feed report which showed the largest placement number since the series began. Today the October feeder cattle contract closed 0.30 lower at 133.525 and the November closed 0.775 lower at 129.65. Buyer attendance was good. Market activity was slow to moderate. Weigh up cows and bulls were to lightly tested to develop any market trend. Demand was light to moderate.

New to these tables? Plain-English explainers ↓

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
298 298 2 224.00 $224.00 $668
309–337 unweaned 317 19 207.50–215.00 $210.99 $669
330 330 14 217.00 $217.00 $716 -8.26
355–370 unweaned 367 11 190.00–195.00 $194.12 $712
408–449 unweaned 433 71 169.00–181.00 $174.26 $755
454–499 unweaned 485 130 155.50–168.50 $159.94 $776
492 492 3 145.00 $145.00 $713 -15.94
500–548 unweaned 520 91 144.00–156.00 $149.87 $779
565 565 22 144.00 $144.00 $814 -2.21
554–598 unweaned 566 149 135.50–147.00 $142.24 $805
569–585 580 17 133.00–133.50 $133.36 $773 -12.85
600–644 unweaned 614 168 131.50–142.75 $139.72 $858
609–642 623 29 143.75–145.00 $144.28 $899 +1.99
650–665 unweaned 660 23 131.00–141.00 $138.33 $913
703–736 unweaned 707 35 133.00–138.75 $137.60 $973
716 716 8 139.50 $139.50 $999 +3.13
854 unweaned 854 4 130.00 $130.00 $1,110
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
322–343 unweaned 330 20 183.00–201.00 $193.74 $639
361–391 unweaned 381 57 183.00–190.00 $187.50 $714
413–435 unweaned 418 14 157.00–168.00 $165.55 $692
462–496 unweaned 482 25 140.00–151.00 $146.94 $708
519–530 unweaned 521 6 136.00–142.00 $137.02 $714
555–598 unweaned 586 7 121.00–131.00 $128.29 $752
720 unweaned 720 2 131.00 $131.00 $943
723–735 726 4 125.00–127.00 $126.49 $918 -9.51

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
316 316 5 175.00 $175.00 $553 +11.58
313–341 unweaned 332 27 162.50–171.00 $165.79 $550
351–395 unweaned 382 48 151.00–162.00 $154.74 $591
400–426 unweaned 413 45 142.50–156.00 $146.43 $605
454 454 8 135.50 $135.50 $615 +0.50
453–495 unweaned 475 214 135.00–143.25 $139.64 $663
506–548 unweaned 540 77 132.00–137.00 $133.18 $719 -2.32
569 569 15 142.00 $142.00 $808 +6.51
552–596 unweaned 571 136 129.50–138.00 $135.23 $772
587 587 9 138.00 $138.00 $810 +2.51
618–641 unweaned 624 34 128.00–132.00 $130.33 $813
653 unweaned 653 9 124.00–128.00 $126.50 $826
747 unweaned 747 3 116.00 $116.00 $867
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
305 unweaned 305 2 155.00 $155.00 $473
440 440 10 137.00 $137.00 $603 +2.06
455–480 unweaned 465 12 127.50–135.00 $130.04 $605
595 unweaned 595 4 130.00 $130.00 $774
Medium 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
271 unweaned 271 6 135.00 $135.00 $366
Medium 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
306 306 5 130.00 $130.00 $398

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Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1152 1152 85-90% 3 39.00 $39.00 $449 -6.81
1240–1295 1267 85-90% 3 52.50–60.00 $55.51 $703 +4.43
1283 1283 85-90% 2 63.00 $63.00 $808 +11.92
1172–1398 1291 85-90% 7 45.00–50.00 $47.61 $615
1020–1393 1336 85-90% 29 32.00–44.50 $40.55 $542 -16.95
1573 1573 85-90% 2 51.00 $51.00 $802
Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1340–1410 1354 80-85% 5 64.50–71.00 $65.85 $892
1333–1392 1366 80-85% 32 44.00–49.50 $48.51 $663
1265–1508 1387 80-85% 6 57.00–64.00 $60.19 $835
1440 1440 80-85% 1 42.00 $42.00 $605

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YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1655–1845 1750 2 72.00–74.00 $72.95 $1,277 -2.73

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
875 875 Young (2-4 yrs)Open 1 72.50 $72.50 $634
901–1279 996 (<2 yrs)Open 34 66.00–84.50 $78.00 $777

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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.