Cattle Market Pulse

Public Auction Yards Livestock Cattle Auction Market Report

Billings, Montana · USDA-reported Auction Livestock

Sale of Wednesday, May 5, 2021

880 head sold ·Official USDA report

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

light 6-weight M&L 1 steers $152.16/cwt ≈ $971/hd at 638 lb · 27 head
heavy 6-weight M&L 1 heifers $138.34/cwt ≈ $925/hd at 669 lb · 23 head
light 7-weight M&L 1 steers $135.01/cwt ≈ $982/hd at 727 lb · 23 head
HeadThis saleLast saleLast year
Total receipts 880 1,033 605
Feeder cattle 348 244 224
Slaughter cattle 389 498 197
Replacement cattle 143 291 184

Compared to last week: Feeder cattle were too lightly tested to develop an accurate market trend, however lower undertones were noticed on all offerings. Feeder cattle quality was mostly plain to average today. Demand was mostly light for light offerings. Corn and other feeds continue to trade higher. The May corn contract closed today at 754'2, while new crop December corn closed at 604'6. Feeder cattle contracts have fallen sharply since last week as corn and soybeans continue to push new contract highs. Buyers showed significantly lighter demand for feeder cattle this week as a result. Market activity this week was slow. Weigh up cows sold on mostly light to moderate demand for moderate offerings. Slaughter cows sold mostly 1.00 lower on breaking cows, and 3.00-5.00 lower on boning and lean cows. Heavy supplies are starting to be seen as drought conditions have ranchers marketing cows. Cow quality was mostly plain to average today with many thin and lower dressing cows in the offering. Feeding cows sold steady to 1.00 lower. Demand for feeding cows remains mostly moderate, with good demand seen at times for young age high quality cows. Weigh up conditions were mostly below average today as many full cows and bulls were on offer. Slaughter bulls sold steady to 2.00 lower. Young age cows suitable to feed or rebreed sold mostly 5.00 lower. Feeding demand for these offerings has diminished drastically as feed costs have risen.

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
543 543 3 165.00 $165.00 $896
563 563 6 160.00 $160.00 $901
624–646 638 27 150.00–156.00 $152.16 $971
686–690 687 6 139.00–147.00 $144.32 $991
717–732 727 23 134.50–136.00 $135.01 $982
822 822 5 120.50 $120.50 $991
918 918 5 114.00 $114.00 $1,047 -1.00
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
468 468 4 162.00 $162.00 $758
600 600 2 148.00 $148.00 $888
810 810 3 117.00 $117.00 $948

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
556–558 556 15 150.00–151.00 $150.87 $839
623–635 630 21 133.00–140.50 $139.45 $879 -4.55
652–674 669 23 134.00–139.50 $138.34 $925
703–740 725 5 125.00–129.00 $126.55 $917
810 810 2 109.00 $109.00 $883
811 811 7 111.00 $111.00 $900
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
427 427 3 135.00 $135.00 $576
486 486 6 142.00 $142.00 $690
558–583 579 12 130.00–142.00 $140.07 $811
621 621 4 130.00 $130.00 $807 -4.00

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Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
461–499 480 10 132.50–135.00 $133.80 $642
515 515 7 128.00 $128.00 $659
596 596 7 128.00 $128.00 $763
708 708 4 117.00 $117.00 $828
Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
917 917 3 108.00 $108.00 $990
955 955 1 105.50 $105.50 $1,008 -2.83
Medium and Large 1 ($/head)
Weight (lb) Avg wt Head Price range Avg $ Δ last sale
70 70 2 225.00–275.00 $250.00
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1125 1125 1 93.00 $93.00 $1,046 -6.30

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Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
985–995 988 85-90% 4 52.50–56.00 $53.38 $527
1015–1280 1168 85-90% 46 47.00–57.50 $54.73 $639 -17.27
1115–1310 1182 85-90% 68 52.00–61.50 $55.34 $654 -5.88
1055–1395 1213 85-90% 32 57.00–64.50 $59.01 $716 -6.68
1065–1295 1234 85-90% 12 62.00–68.00 $65.69 $811 +5.04
Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1390 1390 80-85% 2 63.00 $63.00 $876 -3.95
1343–1460 1404 80-85% 11 69.50–72.50 $71.33 $1,001 +8.73
1303–1615 1433 80-85% 33 64.00–68.50 $66.42 $952 -5.71
1325–1710 1455 80-85% 33 53.00–62.50 $57.94 $843 -15.48
1300–1665 1467 80-85% 20 57.00–63.00 $60.94 $894 -12.48
Breaker ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1515–1745 1616 75-80% 10 66.50–69.50 $67.76 $1,095 -1.91
1550–1885 1685 75-80% 10 62.00–65.00 $63.29 $1,066

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YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1080–1375 1255 7 74.00–82.00 $77.08 $967 -11.38
1250–2000 1625 13 73.00–82.00 $77.34 $1,257
1465–2190 1812 14 83.00–91.00 $87.01 $1,577 -2.18
1860–2050 1978 3 95.00–96.00 $95.52 $1,889
YG2-3 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1540 1540 1 79.00 $79.00 $1,217

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
755–1293 987 (<2 yrs)Open 82 80.00–104.00 $89.67 $885
850–1460 1127 Young (2-4 yrs)Open 32 63.00–85.50 $73.76 $831
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
885 885 (<2 yrs)Open 1 86.00 $86.00 $761
1220 1220 Young (2-4 yrs)Open 1 62.00 $62.00 $756

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
1130–1321 1283 Young (2-4 yrs)3rd Stage (7-9 mo) 5 92.00–101.00 $93.59 $1,201

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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.