Cattle Market Pulse

Public Auction Yards Livestock Cattle Auction Market Report

Billings, Montana · USDA-reported Auction Livestock

Sale of Friday, November 21, 2025

1,138 head sold ·Official USDA report

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

heavy 5-weight M&L 1 heifers $354.18/cwt -17.71 vs last sale · ≈ $2,049/hd at 579 lb · 170 head
light 5-weight M&L 1 heifers $362.45/cwt -40.36 vs last sale · ≈ $1,947/hd at 537 lb · 102 head
heavy 4-weight M&L 1 heifers $396.81/cwt -14.74 vs last sale · ≈ $1,864/hd at 470 lb · 85 head

Receipts

HeadThis saleLast saleLast year
Head itemized in priced lots 1,138 — —

New to these tables? Plain-English explainers ↓

Feeder Steers

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
334 unweaned 334 4 530.00 $530.00 $1,770 -73.54
381 unweaned 381 6 502.50 $502.50 $1,915 —
421 421 5 465.00 $465.00 $1,958 -47.50
410–438 unweaned 429 14 485.00–505.00 $494.81 $2,123 -28.78
452 unweaned 452 15 465.00 $465.00 $2,102 -25.71
467–492 473 40 455.00–472.00 $468.02 $2,214 -1.98
500–532 unweaned 522 85 426.00–465.00 $427.30 $2,231 -6.44
550–583 unweaned 554 60 385.00–405.00 $397.51 $2,202 -23.75
609–626 618 11 354.00–363.00 $358.03 $2,213 +8.03
600–644 unweaned 630 48 354.00–366.00 $359.70 $2,266 -30.18
650–693 unweaned 676 64 340.00–351.00 $349.07 $2,360 -7.83
700 unweaned 700 3 345.00 $345.00 $2,415 -12.47
726 726 4 331.00 $331.00 $2,403 —
830–840 838 12 325.00 $325.00 $2,724 +20.00
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
365 unweaned 365 2 485.00 $485.00 $1,770 —
564–586 572 30 378.00–385.00 $381.65 $2,183 -4.57
589–592 unweaned 591 9 370.00 $370.00 $2,187 —
616–632 627 12 343.00–347.00 $345.69 $2,167 —
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
507 unweaned 507 3 412.50 $412.50 $2,091 -17.50
668 unweaned 668 4 336.00 $336.00 $2,244 -54.00
Medium and Large 2-3 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
330 330 4 350.00 $350.00 $1,155 —

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Feeder Heifers

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
363 unweaned 363 9 445.00 $445.00 $1,615 —
410–439 429 6 410.00–420.00 $416.82 $1,788 —
448 unweaned 448 2 440.00 $440.00 $1,971 +6.20
453–493 458 42 390.00–410.00 $393.99 $1,804 —
454–498 unweaned 480 38 382.00–425.00 $401.80 $1,929 -9.75
489 489 5 382.50 $382.50 $1,870 —
516–549 531 38 345.00–386.00 $361.36 $1,919 -52.64
507–545 unweaned 541 64 343.00–393.00 $363.10 $1,964 -38.73
576 576 59 356.00 $356.00 $2,051 -31.91
558–593 unweaned 580 111 345.50–369.00 $353.21 $2,049 -7.37
607–639 unweaned 620 73 324.00–344.00 $338.33 $2,098 -10.31
656–662 657 42 329.00 $329.00 $2,162 —
665 665 5 324.00 $324.00 $2,155 —
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
417 417 5 395.00 $395.00 $1,647 —
415–443 unweaned 424 6 385.00 $385.00 $1,632 -15.87
488 488 4 387.00 $387.00 $1,889 +42.00
540–543 unweaned 543 7 310.00–343.00 $338.31 $1,837 -20.91
559 unweaned 559 4 342.00 $342.00 $1,912 +2.82
614 614 4 315.00 $315.00 $1,934 —
645 unweaned 645 4 316.00 $316.00 $2,038 —
650 unweaned 650 12 313.00 $313.00 $2,034 —
739 unweaned 739 7 287.00 $287.00 $2,121 —
Medium 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
345 unweaned 345 2 455.00 $455.00 $1,570 —
377–378 unweaned 377 9 400.00–420.00 $413.32 $1,558 —
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
521 unweaned 521 5 347.50 $347.50 $1,810 +7.50
593 unweaned 593 2 307.50 $307.50 $1,823 —

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Feeder Bulls

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
463 463 9 410.00 $410.00 $1,898 —

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Slaughter Cows

Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1270–1470 1345 80-85% 13 128.00–152.00 $147.68 $1,986 +10.43
1345 1345 80-85% 1 105.00 $105.00 $1,412 -32.25
1235–1495 1401 80-85% 29 153.00–164.00 $157.58 $2,208 +42.74
1440 1440 80-85% 1 123.00 $123.00 $1,771 +8.16
Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
830 830 85-90% 1 87.50 $87.50 $726 —
990 990 85-90% 1 97.50 $97.50 $965 —
1030–1190 1113 85-90% 3 95.00–100.00 $96.68 $1,076 -61.24
1145 1145 85-90% 2 150.00 $150.00 $1,718 —
1170 1170 85-90% 1 87.50 $87.50 $1,024 -59.15
1083–1245 1188 85-90% 26 130.00–154.00 $143.64 $1,706 +38.39
Breaker ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1325 1325 75-80% 2 164.50 $164.50 $2,180 —
1552–1735 1598 75-80% 4 153.00–160.00 $158.10 $2,526 —
1800 1800 75-80% 1 154.00 $154.00 $2,772 —

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Slaughter Bulls

YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1560–1790 1675 2 166.00 $166.00 $2,780 +4.00
1635–2120 1794 13 140.00–168.00 $149.87 $2,689 —
1813–1940 1889 5 177.00–179.00 $177.77 $3,358 —
1965–2010 1980 3 180.00 $180.00 $3,564 —

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Stock Cows

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
925–985 957 (<2 yrs)Open 10 280.00–302.50 $293.13 $2,805
1100–1205 1152 Young (2-4 yrs)Open 3 210.00–222.50 $213.98 $2,465
1200 1200 (<2 yrs)Open 1 214.00 $214.00 $2,568
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
964 964 (<2 yrs)Open 5 270.00 $270.00 $2,603

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Bred Cows

Medium and Large 1-2 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1063 thin fleshed 1063 Aged (>8 yrs)2nd Stage (4-6 mo) 2 1,900.00 $1,900.00

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Reading this report

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.