Cattle Market Pulse

Public Auction Yards Livestock Cattle Auction Market Report

Billings, Montana · USDA-reported Auction Livestock

Sale of Friday, January 19, 2024

1,521 head sold ·Official USDA report

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

heavy 6-weight M&L 1 steers $284.09/cwt +31.55 vs last sale · ≈ $1,857/hd at 654 lb · 178 head
heavy 5-weight M&L 1 steers $299.31/cwt +21.11 vs last sale · ≈ $1,733/hd at 579 lb · 133 head
light 6-weight M&L 1 heifers $261.60/cwt +13.41 vs last sale · ≈ $1,604/hd at 613 lb · 119 head
HeadThis saleLast saleLast year
Total receipts 1,521 2,102 5,081
Feeder cattle 1,474 1,390 4,932
Slaughter cattle 27 557 128
Replacement cattle 20 155 21

Compared to last sale(1-5-24): Steers under 500 lbs were too lightly tested to develop a full market trend, however steady to higher undertones were noticed. Steer calves 500-749 lbs sold mostly 10.00 20.00 higher in a narrow comparison, steers over 750 lbs were not well compared, however higher undertones were noticed. Heifer calves under 450 lbs were too lightly tested to develop an accurate market trend, however higher undertones were noticed. Heifers 450-649 lbs sold mostly 15.00-20.00 higher, heifers over 650 lbs were too lightly tested last sale to develop a full market trend, steady to higher undertones were noticed. Most of the offering was comprised of weaned calves this week. Most calves were weaned 45-90 days. Quality this week was mixed from average to very attractive. Demand was mostly good to very good for light to moderate offerings. Demand for cattle suitable to develop into yearlings was very good. All cattle on offer this week were in light, green flesh. This past weeks extreme cold snap thinned many cattle down. Consignments of cattle running out in large traps or on the hay meadows were particularly green and attractive to buyers. Market activity was mostly active with a large buyer pool on hand of both order-buyers and farmer feeders. Weigh up cows and bulls were too lightly tested to develop an accurate market trend, however sharply higher undertones were noticed as packers continue to push for offerings for immediate harvest. This past weeks extreme cold has lightened supplies available to the packer as most ranchers were unwilling or unable to market cattle. Demand was very good for very light offerings. Young age cows sold on light to moderate demand today. All young cows sold with steady undertones.

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
360–385 370 3 352.50–370.00 $361.64 $1,338
448 448 3 341.00 $341.00 $1,528 -1.50
463–480 468 24 326.00–338.00 $332.96 $1,558 +16.85
500–546 538 89 309.00–330.00 $314.96 $1,694 +4.47
550–596 579 133 294.00–309.00 $299.31 $1,733 +16.61
603–625 613 68 282.00–299.00 $295.19 $1,810 +36.18
650 thin fleshed 650 13 297.00 $297.00 $1,930
650–683 654 165 263.50–288.50 $283.07 $1,851 +30.53
712–745 727 107 242.50–261.00 $254.58 $1,851 +10.67
772 772 10 243.00 $243.00 $1,876 -1.00
806–821 820 49 230.00–231.50 $230.12 $1,887 +4.04
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
323 323 2 330.00 $330.00 $1,066
431–448 440 8 320.00 $320.00 $1,408 -3.89
452–465 455 8 320.00–323.00 $320.77 $1,460 +19.27
535–543 538 11 293.00–303.00 $300.28 $1,616 +18.85
563 563 3 281.00 $281.00 $1,582 +26.53
619–628 621 10 267.00–274.00 $272.58 $1,693 +32.19
652–696 685 20 244.00–249.50 $248.19 $1,700 +30.19
733 733 3 225.00 $225.00 $1,649
Medium 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
388 388 2 310.00 $310.00 $1,203
450 450 16 290.00 $290.00 $1,305
551 551 6 230.00 $230.00 $1,267
Medium 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
408–441 427 7 320.00–337.50 $330.33 $1,411

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
396 396 7 310.00 $310.00 $1,228
410 410 4 307.00 $307.00 $1,259 +8.66
450–491 483 36 291.00–307.00 $299.42 $1,446 +16.33
503–536 521 114 290.50–301.00 $297.41 $1,550 +27.30
550–596 571 64 274.00–287.00 $280.23 $1,600 +27.14
601–635 613 119 253.00–265.50 $261.60 $1,604 +13.41
655 fancy 655 70 253.00 $253.00 $1,657
673–680 674 43 232.00–240.00 $238.90 $1,610 +4.88
710 710 1 224.00 $224.00 $1,590
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
393 393 6 305.00 $305.00 $1,199
486 486 4 282.00 $282.00 $1,371 +13.15
563–570 565 8 252.00–256.00 $253.01 $1,430 +21.91
974 974 23 188.00 $188.00 $1,831
1000 1000 3 184.50 $184.50 $1,845

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
690 690 6 228.00 $228.00 $1,573

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Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1505 1505 80-85% 1 97.00 $97.00 $1,460
1525 1525 80-85% 2 110.00 $110.00 $1,678
1562 1562 80-85% 3 107.00 $107.00 $1,671
1575 1575 80-85% 1 96.00 $96.00 $1,512
Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
823 823 85-90% 2 84.50 $84.50 $695
1170 1170 85-90% 1 106.00 $106.00 $1,240 +27.37

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YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1717–1858 1776 12 99.00–109.00 $103.61 $1,840
1800 1800 5 115.50 $115.50 $2,079

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
815–1210 1105 (<2 yrs)Open 6 130.00–182.50 $143.05 $1,581
1211–1370 1309 Young (2-4 yrs)Open 13 106.00–108.00 $106.71 $1,397

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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.