Cattle Market Pulse

Public Auction Yards Livestock Cattle Auction Market Report

Billings, Montana · USDA-reported Auction Livestock

Sale of Wednesday, February 23, 2022

203 head sold ·Official USDA report

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

HeadThis saleLast saleLast year
Total receipts 203 846 1,068
Feeder cattle 25 490 275
Slaughter cattle 138 256 528
Replacement cattle 40 100 265

Compared to last week: Feeder calves were scarcely tested this week thus no trend is available. Extremely cold temperatures were seen over the last couple days with temperatures reaching as cold as 35 below in some locations. Very few cattle are being marketed as a result. Weigh up cows sold on good to very good demand for very light offerings. Cold temperatures have slowed the volume of cows available to packers, which has them searching for offerings for immediate slaughter. Slaughter cow buyers pushed to own as much of the offering as possible, bidding on almost every cow in the offering. Slaughter cows were too lightly tested on boning and breaking cows to develop an accurate market trend, however higher undertones were noticed. Lean cows sold sharply higher with most sales 8.00-10.00 higher. Slaughter bulls were too lightly tested to develop an accurate market trend, higher undertones were noticed. Young age cows suitable to feed or rebreed were too lightly tested to trend, higher undertones were noticed. Many offerings were heifers which freshly lost calves. Feeding demand for these offerings was good as demand for feeder cattle continues to be strong.

New to these tables? Plain-English explainers ↓

Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
835 835 3 120.00 $120.00 $1,002
948 948 4 106.00 $106.00 $1,005
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1035 1035 1 112.00 $112.00 $1,159
1110 1110 2 105.00 $105.00 $1,166

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Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
852 852 85-90% 9 59.00 $59.00 $503
943–958 945 85-90% 13 62.00–63.00 $62.16 $587
960 960 85-90% 1 78.00 $78.00 $749
1063–1260 1185 85-90% 48 76.50–79.00 $77.99 $924 +9.69
1055–1315 1187 85-90% 15 66.00–74.00 $71.80 $852 +3.50
1145–1289 1274 85-90% 20 76.00–78.50 $78.24 $997
Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1300 1300 80-85% 1 74.00 $74.00 $962
1470–1575 1519 80-85% 7 77.00–81.00 $78.90 $1,198 +15.90
Breaker ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1420–1733 1567 75-80% 8 80.00–82.00 $81.16 $1,272 +8.35
N/N/A ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
2005 2005 65-75% 1 82.00 $82.00 $1,644

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YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1200 1200 1 96.00 $96.00 $1,152
1488–1708 1620 5 92.00–94.50 $93.58 $1,516
1870 1870 1 106.00 $106.00 $1,982

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
832–1110 992 (<2 yrs)Open 10 108.00–136.00 $117.84 $1,169
910–1400 1169 Young (2-4 yrs)Open 7 72.00–102.00 $82.93 $969
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
715–856 818 (<2 yrs)Open 11 132.00–134.00 $133.52 $1,092

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Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1225–1352 1329 Aged (>8 yrs)3rd Stage (7-9 mo) 11 910.00–1,050.00 $1,026.54

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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.