Cattle Market Pulse

Public Auction Yards Livestock Cattle Auction Market Report

Billings, Montana · USDA-reported Auction Livestock

Sale of Wednesday, October 26, 2022

1,786 head sold ·Official USDA report

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

heavy 5-weight M&L 1 bulls $173.50/cwt ≈ $999/hd at 576 lb · 31 head
light 5-weight M&L 1 heifers $173.60/cwt +2.60 vs last sale · ≈ $937/hd at 540 lb · 20 head
light 6-weight M&L 1 steers $187.50/cwt +12.50 vs last sale · ≈ $1,142/hd at 609 lb · 20 head
HeadThis saleLast saleLast year
Total receipts 1,786 2,870 2,730
Feeder cattle 405 685 477
Slaughter cattle 986 1,175 1,614
Replacement cattle 395 1,010 639

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 higher undertones were noticed. Quality today was mostly plain to average. Most calves were cutbacks off the summer videos with very few fresh calves on offer. Demand was mostly light for light offerings. Most feeders were offered in small package or as singles. Market activity was mostly slow today. Weigh up cows sold on mostly light to moderate demand and heavy offerings. Slaughter cows sold mostly 1.00 higher on breaking cows, boning cows sold steady to 4.00 lower, lean cows sold 2.00-5.00 lower. Feeding cows sold mostly steady to 2.00 higher. Slaughter bulls sold mostly 1.00-2.00 lower. Cow quality was plain to attractive today. Feeding cow quality was significantly higher this week and packer buyers were much more active as a result. Weigh up conditions were mostly average to below average this sale, and slightly better for buyers this week compared to last. Young age cows suitable to feed or rebreed sold on mostly moderate to good demand. These offerings sold unevenly steady, with higher prices seen on high quality rebreed offerings and lower prices seen on average, feeding quality offerings.

New to these tables? Plain-English explainers ↓

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
380 unweaned 380 5 240.00 $240.00 $912
404–420 unweaned 413 11 217.00–218.00 $217.44 $898
464–475 unweaned 468 10 206.00–209.00 $207.78 $972 +0.28
501–524 unweaned 515 14 190.50–203.00 $193.82 $998 -5.23
577–583 unweaned 581 18 186.00–190.00 $188.45 $1,095 +4.60
609 unweaned 609 20 187.50 $187.50 $1,142 +12.50
656 unweaned 656 4 168.50 $168.50 $1,105
838–845 842 12 180.00 $180.00 $1,516
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
347 unweaned 347 3 236.00 $236.00 $819
415 unweaned 415 4 216.00 $216.00 $896
452–498 unweaned 462 15 203.00–211.00 $206.00 $952 +13.17
544 unweaned 544 4 174.00 $174.00 $947
693 unweaned 693 4 162.00 $162.00 $1,123 -3.00
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
713 unweaned 713 5 165.00 $165.00 $1,176

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
323 unweaned 323 3 213.00 $213.00 $688 +1.00
365 unweaned 365 3 204.00 $204.00 $745
423–436 unweaned 431 11 191.00–194.00 $192.93 $832 -1.39
466–489 unweaned 479 17 180.00–189.00 $184.17 $882 -6.83
540 unweaned 540 20 173.00–175.00 $173.60 $937 +2.60
550–568 unweaned 560 19 165.00–176.00 $173.67 $973 +11.19
920 920 1 160.50 $160.50 $1,477 +1.00
998 998 6 151.00 $151.00 $1,507 -4.04
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
465 unweaned 465 1 185.00 $185.00 $860 +24.00
510–546 unweaned 540 6 169.00–172.50 $169.55 $916 +7.69
617 unweaned 617 6 153.00 $153.00 $944
869 869 4 156.00 $156.00 $1,356 +4.00
928 928 2 155.00 $155.00 $1,438
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1010–1011 1011 8 152.00–152.50 $152.44 $1,541 +2.44
Medium 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
556 unweaned 556 4 165.00 $165.00 $917
755 755 2 161.00 $161.00 $1,216
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
640 unweaned 640 2 136.00 $136.00 $870

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
505 unweaned 505 4 195.00 $195.00 $985
576 unweaned 576 31 173.50 $173.50 $999
638 unweaned 638 3 162.00 $162.00 $1,034
715 unweaned 715 1 156.00 $156.00 $1,115
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1070 1070 1 114.00 $114.00 $1,220
Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1045 1045 1 110.00 $110.00 $1,150

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Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
860 860 85-90% 1 41.00 $41.00 $353
905–960 933 85-90% 2 46.00–50.00 $47.94 $447 -5.16
995 995 85-90% 6 52.00 $52.00 $517
1020–1385 1174 85-90% 20 41.00–48.00 $45.23 $531 -32.27
1005–1355 1194 85-90% 150 49.00–59.00 $54.62 $652 -1.40
1152–1428 1235 85-90% 58 55.50–61.00 $58.86 $727 -5.74
1060–1363 1241 85-90% 89 63.00–74.00 $67.60 $839 +3.00
1115–1373 1266 85-90% 19 60.00–66.00 $61.88 $783 -4.89
Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1120–1555 1396 80-85% 4 77.00–87.00 $81.73 $1,141 +8.34
1233–1566 1399 80-85% 101 68.00–81.00 $74.23 $1,038 +0.84
1303–1513 1426 80-85% 34 78.50–84.50 $80.67 $1,150
1315–1533 1426 80-85% 28 57.50–67.50 $62.20 $887
1290–1928 1444 80-85% 34 52.50–65.00 $58.57 $846
1325–1715 1485 80-85% 15 65.50–76.00 $70.55 $1,048 +0.50
Breaker ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1520 1520 75-80% 1 80.00 $80.00 $1,216 -0.60
1520–1741 1630 75-80% 15 68.00–79.00 $76.12 $1,241
1500–1840 1635 75-80% 10 79.00–83.50 $82.05 $1,342
1640–1800 1667 75-80% 6 84.00–85.50 $84.60 $1,410 +10.38

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YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1290 1290 1 63.00 $63.00 $813
1185–1470 1333 4 79.00–87.50 $82.86 $1,105
1150–1717 1538 6 86.00–94.00 $91.21 $1,403
1330–2040 1686 9 72.00–82.50 $78.05 $1,316
1875–1955 1915 2 98.00–99.00 $98.49 $1,886 +14.88
1800–2195 1983 14 85.00–97.00 $91.51 $1,815 -1.72

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
746 thin fleshed 746 (<2 yrs)Open 5 112.00 $112.00 $836
847–1330 971 (<2 yrs)Open 178 81.00–128.00 $112.46 $1,092
733–1355 1037 Young (2-4 yrs)Open 61 71.00–107.50 $83.46 $865
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
700–1170 904 (<2 yrs)Open 8 78.00–107.50 $87.14 $788
935–970 953 Young (2-4 yrs)Open 2 66.00 $66.00 $629

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Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1094–1153 1109 Young (2-4 yrs)1st Stage (1-3 mo) 15 1,175.00–1,250.00 $1,219.87
1070–1255 1171 Young (2-4 yrs)2nd Stage (4-6 mo) 23 1,210.00–1,325.00 $1,262.06
1177 thin fleshed 1177 Middle Aged/Aged (>5 yrs)1st Stage (1-3 mo) 12 800.00 $800.00
1295 1295 Aged (>8 yrs)2nd Stage (4-6 mo) 17 1,125.00 $1,125.00
1307 1307 Middle Aged/Aged (>5 yrs)1st Stage (1-3 mo) 6 975.00 $975.00
1408 1408 Middle Aged/Aged (>5 yrs)2nd Stage (4-6 mo) 2 1,060.00 $1,060.00

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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.