Cattle Market Pulse

Public Auction Yards Livestock Cattle Auction Market Report

Billings, Montana · USDA-reported Auction Livestock

Sale of Wednesday, November 16, 2022

2,307 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 heifers $168.68/cwt ≈ $1,059/hd at 628 lb · 91 head
heavy 6-weight M&L 1 steers $175.15/cwt ≈ $1,180/hd at 674 lb · 67 head
heavy 5-weight M&L 1 steers $189.38/cwt ≈ $1,106/hd at 584 lb · 44 head
HeadThis saleLast saleLast year
Total receipts 2,307 3,001 2,419
Feeder cattle 920 149 548
Slaughter cattle 984 962 1,085
Replacement cattle 403 1,890 786

Compared to last week: Steer and heifer calves were were too lightly tested last week to develop an accurate market trend, however higher undertones were noticed on a much higher quality offering. Quality today was average to attractive. A larger buyer pool was active in bidding on todays offering. Market activity was mostly active this week. Weigh up cows sold on mostly light to moderate demand for moderate to heavy offerings. Cow quality today was mostly plain to average and not as attractive as last week. Most of the cow offering continues to be purchased to feed, either for the upcoming Thanksgiving holiday, to turn out on corn stalks, or to feed to premium white. Short term feeding cows sold steady to 2.00 lower. Most of these cows are located in the report as low dressing lean or boning cows returning to feed. High quality cows suitable to feed to premium white sold mostly 1.00-2.00 lower. Slaughter cows sold mostly 2.00 lower on breaking cows, boning and lean cows sold generally steady to weak. Slaughter bulls were too lightly tested to develop an accurate market trend, steady undertones were noticed. Weigh up conditions were mostly below average this sale. A cold front pushed through late afternoon and snowy, extremely cold conditions are expected tonight. Most cows were tanked up on feed as a result. Cow prices fell as buyers filled loads and the sale pushed into the evening. Young age cows suitable to feed or rebreed sold generally steady.

New to these tables? Plain-English explainers ↓

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
340 unweaned 340 1 270.00 $270.00 $918
351–375 unweaned 370 22 260.00–270.00 $262.16 $970 +7.58
407–420 unweaned 408 29 241.00–245.00 $241.43 $985
495–497 unweaned 496 16 214.00–214.50 $214.34 $1,063 +13.34
511–518 unweaned 515 16 205.00–210.00 $207.52 $1,069
568–595 unweaned 584 44 185.00–191.00 $189.38 $1,106
621–641 unweaned 629 18 175.00–177.00 $176.16 $1,108 +8.46
656–691 unweaned 671 59 173.00–177.00 $175.24 $1,176
694 694 8 174.50 $174.50 $1,211
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
328 unweaned 328 2 252.50 $252.50 $828
410–444 unweaned 433 37 217.00–238.00 $228.34 $989 +8.08
519–549 unweaned 536 23 175.00–195.00 $184.23 $987
603–613 unweaned 607 7 174.00–175.00 $174.43 $1,059
683 unweaned 683 2 166.00 $166.00 $1,134
827 827 3 170.00 $170.00 $1,406
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
591 unweaned 591 4 177.00 $177.00 $1,046

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
303–325 unweaned 305 11 220.00–222.50 $221.81 $677
353–386 unweaned 382 27 214.00–215.00 $214.90 $821 +15.62
455–490 unweaned 468 30 185.00–197.00 $192.62 $901
505 505 7 185.00 $185.00 $934
508–533 unweaned 511 26 174.00–176.00 $175.76 $898
551–580 unweaned 562 37 173.00–175.00 $174.11 $978
601–638 unweaned 627 73 166.00–174.00 $169.59 $1,063
631 631 18 165.00 $165.00 $1,041
672 unweaned 672 11 158.00 $158.00 $1,062
826 826 7 163.00 $163.00 $1,346
898 898 16 155.00 $155.00 $1,392
923 923 13 160.00 $160.00 $1,477
927 927 15 145.00 $145.00 $1,344
980 980 11 151.00 $151.00 $1,480
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
343 unweaned 343 5 207.50 $207.50 $712
370 unweaned 370 8 203.00 $203.00 $751
420 unweaned 420 1 192.50 $192.50 $808
493 unweaned 493 8 173.00 $173.00 $853
530 unweaned 530 1 175.00 $175.00 $928
558 unweaned 558 2 156.00 $156.00 $870
902 902 3 152.00 $152.00 $1,371
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1042 1042 17 149.50 $149.50 $1,558
Medium 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
395 unweaned 395 7 185.00 $185.00 $731
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
481 unweaned 481 4 164.00 $164.00 $789

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hdΔ last sale
450 unweaned 450 1 217.50 $217.50 $979
994 994 4 119.00 $119.00 $1,183
1574 1574 Young (2-4 yrs)N/A 15 95.50 $95.50 $1,503

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Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
935–955 945 85-90% 2 45.00 $45.00 $425
975 975 85-90% 2 42.00 $42.00 $410 -11.01
920–1315 1136 85-90% 89 52.00–60.00 $57.46 $653 +16.33
1005–1257 1154 85-90% 24 31.00–48.00 $40.48 $467 -12.71
1043–1362 1220 85-90% 49 49.00–59.00 $54.71 $667 -9.99
1005–1348 1237 85-90% 136 60.00–70.00 $62.54 $774 -2.16
1130–1340 1264 85-90% 8 59.00–62.50 $60.84 $769 -0.16
1165–1328 1277 85-90% 20 72.00–75.50 $72.90 $931 +11.90
1672 1672 85-90% 6 72.00 $72.00 $1,204
Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1230–1610 1364 80-85% 45 57.00–67.00 $61.43 $838 -13.42
1325–1565 1433 80-85% 36 52.00–64.50 $58.78 $842 -0.68
1275–1550 1435 80-85% 136 69.50–79.00 $75.81 $1,088 +16.35
1420–1510 1463 80-85% 12 82.00–85.00 $83.00 $1,214 +10.68
1415–1607 1551 80-85% 9 65.00–75.00 $71.54 $1,110
Breaker ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1544 1544 75-80% 10 66.50 $66.50 $1,027 -14.54
1583 1583 75-80% 2 79.00 $79.00 $1,251 +1.00
1487–1880 1609 75-80% 24 71.00–78.00 $72.87 $1,172 -8.52
N/N/A ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1450 1450 65-75% 13 84.50 $84.50 $1,225

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YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1338 1338 4 90.50 $90.50 $1,211
1350–1360 1355 2 76.00–82.00 $78.99 $1,070
1415–2205 1624 14 71.00–83.00 $76.11 $1,236
1452–2290 1797 18 86.00–96.00 $92.26 $1,658
2040 2040 1 98.00 $98.00 $1,999

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
720–1205 960 (<2 yrs)Open 156 81.00–129.00 $106.21 $1,020
910–1335 1023 Young (2-4 yrs)Open 76 63.00–107.50 $87.47 $895

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Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1063–1121 1105 Young (2-4 yrs)2nd Stage (4-6 mo) 9 1,285.00–1,400.00 $1,366.01
1063–1206 1137 Young (2-4 yrs)1st/2nd Stage (1-6 mo) 14 1,250.00–1,335.00 $1,303.93
1381 1381 Middle Aged (5-8 yrs)1st/2nd Stage (1-6 mo) 15 1,100.00 $1,100.00
1418 1418 Middle Aged/Aged (>5 yrs)2nd Stage (4-6 mo) 6 1,150.00 $1,150.00
1439 1439 Middle Aged/Aged (>5 yrs)1st/2nd Stage (1-6 mo) 7 1,100.00 $1,100.00
Medium 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
877 877 Young (2-4 yrs)2nd Stage (4-6 mo) 3 1,100.00 $1,100.00
899 899 Young (2-4 yrs)1st/2nd Stage (1-6 mo) 6 1,175.00 $1,175.00

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Medium 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
881 881 (<2 yrs)2nd Stage (4-6 mo) 8 1,210.00 $1,210.00
Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1213 1213 (<2 yrs)2nd Stage (4-6 mo) 2 1,600.00 $1,600.00

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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.