Cattle Market Pulse

Public Auction Yards Livestock Cattle Auction Market Report

Billings, Montana · USDA-reported Auction Livestock

Sale of Wednesday, January 6, 2021

1,278 head sold ·Official USDA report

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

light 3-weight M&L 1 heifers $170.00/cwt +0.61 vs last sale · ≈ $561/hd at 330 lb · 70 head
heavy 8-weight M&L 1 heifers $121.50/cwt -5.50 vs last sale · ≈ $1,053/hd at 867 lb · 35 head
light 9-weight M&L 1 heifers $121.50/cwt ≈ $1,135/hd at 934 lb · 32 head
HeadThis saleLast saleLast year
Total receipts 1,278 1,936 1,936
Feeder cattle 408 859 655
Slaughter cattle 659 853 160
Replacement cattle 211 224 1,121

Compared to last week: Yearling steers were too lightly tested to develop any market trend. Yearling heifers sold with lower undertones in a narrow comparison. Steer and heifer calves were too lightly tested to develop an accurate market trend, however steers and heifers under 500 lbs sold with higher undertones and steers and heifers over 500 lbs sold with lower undertones. Demand was mostly light to moderate for light offerings. Not enough cattle were on offer for buyers to dig in and start loads. Most cattle were weaned this sale. The best demand continues to be for cattle suitable to run on grass and develop into yearlings. CME contracts have been volatile over the last few days and buyers showed some caution this sale as they bid on offerings. Market activity was slow to moderate. Weigh up cows sold on mostly light to moderate demand for moderate offerings. Packer buyers were reserved this sale and let feeding buyers purchase the majority of the cows on offer. Slaughter cows sold 2.00-4.00 lower on breaking cows, and mostly 1.00 lower on boning and lean cows. Feeding cows sold generally steady to weak. Cow quality this week was average to attractive. Weigh up conditions were mostly below average for buyers as most cows were very full. Slaughter bulls sold mostly 1.00-3.00 lower. Young age cows sold on mostly light demand this sale. Quality was average to attractive. Demand for rebreed cows has diminished as it is getting too late in the season for fall breeding programs. Additionally, higher grain prices makes this class less appealing to feed. Young age cows sold mostly 2.00-3.00 lower.

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
423 423 4 189.00 $189.00 $799 +10.00
465–478 472 18 176.00–180.00 $177.97 $840 +8.97
529 529 8 165.50 $165.50 $875 -6.62
630–634 632 15 139.00–143.50 $141.09 $892 -8.78
689 689 5 136.50 $136.50 $940 -4.36
715–749 743 9 129.00–135.00 $130.09 $967 -4.08
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
710 710 2 125.00 $125.00 $888

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
330 unweaned 330 70 170.00 $170.00 $561 +2.50
426 426 6 154.00 $154.00 $656 -5.78
482 482 11 152.00 $152.00 $733 -7.00
545 545 3 137.00 $137.00 $747 -10.32
562–580 569 5 131.00–137.00 $133.45 $759 -6.55
608 608 12 127.00–129.00 $128.00 $778 -5.38
662–681 677 13 123.00–132.50 $130.36 $883
867 867 35 121.50 $121.50 $1,053 -5.50
934 934 32 121.50 $121.50 $1,135
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1048 1048 18 107.50 $107.50 $1,127
Medium 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
759 759 9 119.00 $119.00 $903
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
737 737 3 117.00 $117.00 $862

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
704 704 8 123.00 $123.00 $866

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Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
840–1240 1147 85-90% 12 33.00–39.00 $37.71 $433 -21.79
1005–1370 1179 85-90% 38 42.00–47.00 $45.45 $536 -0.28
1195–1200 1197 85-90% 3 49.00 $49.00 $587 +3.27
1020–1348 1206 85-90% 111 40.00–47.00 $43.00 $519 -0.90
1220 1220 85-90% 1 59.00 $59.00 $720 +15.10
1106–1320 1223 85-90% 62 47.50–55.00 $51.88 $634 +7.98
Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1225–1661 1424 80-85% 137 49.50–57.00 $54.04 $770 +6.54
1245–1710 1424 80-85% 23 41.50–48.50 $46.04 $656 -1.46
1315–1630 1425 80-85% 43 44.00–48.00 $46.35 $660 -1.15
1435–1557 1510 80-85% 5 53.00–55.00 $54.33 $820
1525 1525 80-85% 2 39.50 $39.50 $602
Breaker ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1535–1570 1545 75-80% 7 57.00–58.50 $57.44 $887
1520–1845 1565 75-80% 11 47.50–54.00 $52.17 $816 -10.32
1625 1625 75-80% 1 57.00 $57.00 $926 -5.78
1510–2025 1719 75-80% 4 46.00–54.00 $50.23 $863

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YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1480–2445 1797 27 61.50–74.50 $70.77 $1,272 -0.33
1620–2360 1867 3 83.00–83.50 $83.29 $1,555
1880–2295 2044 5 75.00–80.00 $77.48 $1,584

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
855–995 945 (<2 yrs)Open 35 75.50–90.00 $78.16 $739
960 thin fleshed 960 Young (2-4 yrs)Open 1 47.00 $47.00 $451
809–1425 1044 Young (2-4 yrs)Open 125 47.00–82.00 $66.91 $699

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Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1155 1155 Young (2-4 yrs)1st/2nd Stage (1-6 mo) 3 1,050.00 $1,050.00
1209 1209 Middle Aged (5-8 yrs)2nd Stage (4-6 mo) 4 975.00 $975.00

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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.