Cattle Market Pulse

Public Auction Yards Livestock Cattle Auction Market Report

Billings, Montana · USDA-reported Auction Livestock

Sale of Wednesday, September 7, 2022

584 head sold ·Official USDA report

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

light 5-weight M&L 1 steers $218.53/cwt +10.07 vs last sale · ≈ $1,101/hd at 504 lb · 79 head
light 4-weight M&L 1 heifers $211.00/cwt ≈ $941/hd at 446 lb · 61 head
light 4-weight M&L 1 steers $230.00/cwt +11.00 vs last sale · ≈ $973/hd at 423 lb · 37 head
HeadThis saleLast saleLast year
Total receipts 584 1,314 1,533
Feeder cattle 467 951 582
Slaughter cattle 113 312 435
Replacement cattle 4 51 516

Compared to last sale(8-24-22): Feeder cattle were all too lightly tested last sale and this sale to establish a full market trend, however steady undertones were noticed on steer and heifer calves, while yearling steers and heifers both sold with lower undertones. Quality this week was mostly average to attractive. Demand for all feeder cattle was moderate to good. Yearlings were offered mostly in small packages, while calves were offered in mostly moderate size packages. Corn contract prices have continued to since the last sale and yearling buyers have backed up prices slightly to reflect higher feeding costs. Calf buyers continue to show good demand for calves as they look to differed feeder cattle contracts for support. Market activity was mostly moderate to active. Weigh up cows sold on mostly good demand for mostly light offerings. Demand for slaughter cows was mostly good as Western packers continue to buy cows for immediate harvest. Feeding cow buyers were also more active this week as they purchased cows to feed. This helped push all cow prices higher. Slaughter cows sold mostly steady to 3.00 higher on boning cows. Breaking and lean cows were too lightly tested to develop any market trend. Slaughter bulls sold 1.00-3.00 lower. Feeding bull buyers were not as active this week as last, which allowed bull prices to slip lower. Weigh up conditions were mostly below average today with most cows and bulls pushing moderate to heavy amounts of fill. Cow and bull quality was average to attractive this sale. Young age cows suitable to feed or rebreed were too lightly tested to develop an accurate market trend, however steady undertones were noticed.

New to these tables? Plain-English explainers ↓

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
370–392 unweaned 383 24 220.00–230.00 $222.96 $854 -4.98
423 unweaned 423 37 230.00 $230.00 $973 +11.00
455–480 unweaned 465 16 217.00–225.00 $219.45 $1,020 -1.35
503–525 unweaned 504 79 205.00–224.50 $218.53 $1,101 +10.07
570–599 unweaned 595 13 188.00–203.00 $190.21 $1,132
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
402–428 unweaned 412 5 210.00–215.00 $212.92 $877
455–458 unweaned 457 8 208.00–216.00 $214.01 $978 +4.01
525 unweaned 525 2 202.00 $202.00 $1,060 +7.00

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
395 unweaned 395 20 221.00 $221.00 $873 -2.85
410–447 unweaned 446 61 206.00–214.00 $211.00 $941
463–475 unweaned 472 7 198.50–202.00 $199.48 $942 -8.52
517–525 unweaned 520 12 185.00–188.00 $186.99 $972
810 810 4 166.50 $166.50 $1,349 -9.79
880–889 887 9 164.00–165.00 $164.78 $1,462 -6.09
902–907 903 13 162.75–163.00 $162.81 $1,470 -6.01
950–998 986 32 163.00–165.50 $163.83 $1,615 +6.42
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
355–356 unweaned 356 11 200.00–205.00 $202.73 $722 -10.27
422 unweaned 422 5 186.50 $186.50 $787
903–904 904 6 159.50–160.50 $160.17 $1,448 -2.74
985 985 2 151.50 $151.50 $1,492
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1037 1037 3 164.00 $164.00 $1,701 +2.83
1068 1068 2 162.50 $162.50 $1,736 +1.77

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Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1305–1320 1313 80-85% 4 90.00–90.50 $90.25 $1,185
1370 1370 80-85% 1 82.00 $82.00 $1,123 +1.00
1393 1393 80-85% 2 92.50 $92.50 $1,289 +6.89
1250–1553 1401 80-85% 20 84.50–90.25 $88.75 $1,243
1200–1548 1415 80-85% 15 85.50–89.00 $87.53 $1,239
1575 1575 80-85% 1 83.00 $83.00 $1,307 -9.49
Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1090–1170 1117 85-90% 3 77.50–83.00 $79.42 $887
1023–1181 1128 85-90% 6 78.00–83.00 $81.49 $919
1055–1160 1137 85-90% 5 84.00–86.00 $84.91 $965
1220 1220 85-90% 1 89.50 $89.50 $1,092 +3.15
Breaker ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1595 1595 75-80% 1 90.50 $90.50 $1,443

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YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1405 1405 1 106.50 $106.50 $1,496
1355–2050 1766 12 87.00–97.00 $93.65 $1,654
1545–2145 1828 21 99.00–107.00 $102.98 $1,882 -3.58
1910–2370 2090 15 107.00–114.00 $109.70 $2,293

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
1225–1505 1351 (<2 yrs)Open 4 92.50–97.50 $95.02 $1,284

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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.