Cattle Market Pulse

Public Auction Yards Livestock Cattle Auction Market Report

Billings, Montana · USDA-reported Auction Livestock

Sale of Wednesday, October 12, 2022

1,559 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 $197.29/cwt +2.29 vs last sale · ≈ $1,012/hd at 513 lb · 64 head
light 4-weight M&L 1 steers $210.66/cwt +5.66 vs last sale · ≈ $872/hd at 414 lb · 24 head
heavy 5-weight M&L 1 heifers $169.33/cwt -5.00 vs last sale · ≈ $958/hd at 566 lb · 21 head
HeadThis saleLast saleLast year
Total receipts 1,559 912 2,532
Feeder cattle 487 409 201
Slaughter cattle 791 402 1,027
Replacement cattle 281 101 1,304

Compared to last week: Steer and heifer calves were too lightly tested either this sale or last sale to develop an accurate market trend, however steer calves under 550 lbs sold with higher undertones, steer calves over 550 sold with steady to weak undertones. Yearling steers were too lightly tested to develop any trend. Heifer calves sold with steady to lower undertones, yearling heifers sold with steady to higher undertones. Demand today was light to moderate for light offerings. Quality was mostly plain to average. Most feeders were offered in small package sizes, with many singles in the offering. Market activity was mostly slow to moderate today. Weigh up cows sold on mostly light to moderate demand and mostly moderate offerings. Slaughter cows sold 1.00-3.00 lower on breaking cows, boning and lean cows sold mostly 2.00-5.00 lower. Feeding cows sold 2.00-3.00 lower this week. Slaughter bulls sold mostly 2.00-3.00 higher. Demand from packers for feeding bulls was good and helped push all bull offerings higher. Weigh up conditions were mostly average to below average this sale for buyers as most cows were wet, having freshly weaned calves. Cow and bull quality this week was average to very attractive, with many cows off reputation ranches. Young age cows suitable to feed or rebreed sold steady to 3.00 higher. Quality this week was average to very attractive. Demand for these offerings was moderate to good, with several order buyers purchasing high quality offerings to rebreed.

New to these tables? Plain-English explainers ↓

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
300–346 unweaned 340 8 225.00–240.00 $226.65 $771
382 unweaned 382 7 221.00 $221.00 $844 +6.85
412–425 unweaned 414 24 209.00–211.00 $210.66 $872 +5.66
455–475 unweaned 467 13 203.00–210.00 $205.94 $962
512–519 unweaned 513 64 190.00–198.50 $197.29 $1,012 +2.29
559–560 unweaned 559 7 187.50–188.00 $187.64 $1,049
608–639 unweaned 620 21 177.00–182.00 $178.56 $1,107 -1.44
937 937 3 171.00 $171.00 $1,602
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
393 unweaned 393 3 210.00 $210.00 $825 +5.00
408 unweaned 408 3 197.00 $197.00 $804 +5.00
470–493 unweaned 479 5 185.00–187.50 $186.03 $891
515–530 unweaned 521 7 183.00–187.00 $184.43 $961 +5.43
594 unweaned 594 5 165.00 $165.00 $980
668 668 7 176.00 $176.00 $1,176
680 unweaned 680 3 167.00 $167.00 $1,136

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
385 unweaned 385 1 208.00 $208.00 $801
420–445 unweaned 433 6 184.00–191.50 $186.42 $807 -8.58
458–486 unweaned 479 16 178.50–183.00 $179.43 $859
504–515 unweaned 506 9 169.00–173.00 $172.10 $871 -3.45
551–583 unweaned 566 21 162.00–174.00 $169.33 $958 -5.00
658 unweaned 658 3 160.00 $160.00 $1,053
703 703 4 169.00 $169.00 $1,188 -1.38
868 868 6 163.00 $163.00 $1,415 +4.00
967–995 972 11 156.00–161.50 $160.48 $1,560 +1.39
1075 1075 2 144.00 $144.00 $1,548
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
403–427 unweaned 412 8 176.00–180.00 $178.45 $735 +2.02
469–492 unweaned 480 11 150.00–174.00 $160.80 $772
500 unweaned 500 1 155.00 $155.00 $775
553–598 unweaned 590 11 157.00–164.00 $162.81 $961
875 875 3 147.00 $147.00 $1,286 -8.00
Medium 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
579 579 8 157.00 $157.00 $909
659 659 17 155.00 $155.00 $1,021
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1059 1059 6 146.00 $146.00 $1,546 -6.75

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
357 unweaned 357 10 221.00 $221.00 $789
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1060 1060 3 111.00 $111.00 $1,177
1109 1109 4 107.00 $107.00 $1,187
Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1100 1100 1 102.00 $102.00 $1,122

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Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1339–1419 1370 80-85% 37 65.00–69.00 $67.58 $926 -2.63
1220–1810 1401 80-85% 56 67.00–75.00 $69.68 $976 -4.62
1309–1695 1409 80-85% 62 58.00–67.50 $64.28 $906 -13.12
1255–1558 1424 80-85% 17 79.00–83.00 $80.50 $1,146 +3.10
1275–1609 1426 80-85% 142 70.00–78.50 $74.61 $1,064 -2.79
1400–1530 1467 80-85% 6 77.00–82.00 $80.52 $1,181
Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
720 720 85-90% 1 62.50 $62.50 $450
1153 1153 85-90% 2 48.00 $48.00 $553
1010–1445 1211 85-90% 49 53.00–64.00 $60.14 $728 -3.83
1058–1311 1234 85-90% 52 53.00–65.00 $56.98 $703 -6.99
1160–1301 1253 85-90% 17 65.00–75.00 $69.30 $868 -3.03
1160–1425 1266 85-90% 31 65.00–69.00 $66.29 $839 -6.04
Breaker ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1507–1545 1517 75-80% 4 80.00–81.00 $80.75 $1,225 -4.75
1505–1602 1560 75-80% 15 81.50–83.50 $82.57 $1,288 -5.43
1599 1599 75-80% 5 73.00 $73.00 $1,167 -15.00
1590–1995 1708 75-80% 18 73.50–78.00 $75.95 $1,297

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YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1205–1720 1403 8 90.00–102.00 $93.83 $1,316
1348–1650 1456 6 77.00–88.50 $84.33 $1,228
1420–1955 1628 6 75.00–87.00 $82.67 $1,346
1883 1883 7 103.00 $103.00 $1,939
1790–2095 1937 6 91.00–98.00 $94.88 $1,838 +4.00
1730–2200 2015 10 99.00–108.00 $103.64 $2,088 +3.08

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
705–1285 977 (<2 yrs)Open 160 93.00–122.00 $110.66 $1,081
930–1360 1144 Young (2-4 yrs)Open 45 70.00–96.00 $86.59 $991
1245 thin fleshed 1245 Young (2-4 yrs)Open 1 65.00 $65.00 $809
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
1055–1155 1089 Young (2-4 yrs)Open 7 64.00–71.00 $66.88 $728
Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
1330 1330 (<2 yrs)Open 1 87.00 $87.00 $1,157
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
1110 1110 Young (2-4 yrs)Open 1 58.00 $58.00 $644

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Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1101 1101 Young (2-4 yrs)1st Stage (1-3 mo) 4 1,200.00 $1,200.00
1211–1297 1234 Young (2-4 yrs)2nd Stage (4-6 mo) 11 1,350.00 $1,350.00
Medium and Large 1-2 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1063 1063 Young (2-4 yrs)1st Stage (1-3 mo) 3 1,075.00 $1,075.00

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Large 3-4 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
889 889 6 47.00 $47.00 $418
Large 3 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
970 970 1 60.00 $60.00 $582
1047 1047 3 60.00 $60.00 $628

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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.