Cattle Market Pulse

Public Auction Yards Livestock Cattle Auction Market Report

Billings, Montana · USDA-reported Auction Livestock

Sale of Wednesday, May 3, 2023

835 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 heifers $241.04/cwt +16.45 vs last sale · ≈ $1,246/hd at 517 lb · 32 head
light 7-weight M&L 1 steers $234.00/cwt +12.00 vs last sale · ≈ $1,689/hd at 722 lb · 17 head
light 6-weight M&L 1 steers $257.67/cwt +12.35 vs last sale · ≈ $1,572/hd at 610 lb · 15 head
HeadThis saleLast saleLast year
Total receipts 835 1,180 1,376
Feeder cattle 199 258 362
Slaughter cattle 435 637 399
Replacement cattle 201 285 615

Compared to last week: Feeder cattle were too lightly tested today or last week to develop an accurate market trend, however steady to higher undertones were noticed on steers and heifers. Demand for feeders was mostly very good for light offerings. Local ranchers looking for small quantities of feeders to run on grass helped push feeder cattle prices higher as they bid aggressively against order-buyers. Quality this sale was plain to average and most feeders were offered in very small packages or as singles. Market activity was mostly active this sale. Weigh up cows sold on mostly moderate to good demand for moderate offerings. Slaughter cows sold mostly 2.00 higher on breaking cows, boning and lean cows sold steady to 2.00 lower. Feeding cow demand was very good as packers opted to put most high quality cows away on feed. Feeding cows sold steady to firm. Slaughter cow prices slipped slightly this week as heavier supplies have been available to the packer due to seasonal culling at branding time. Additionally, pockets of drought across the country continues to push cows to market. Many ranchers are not holding on to cows that lost calves or come up open. Quality this week was mixed from plain to attractive. Weigh up conditions were mixed. Slaughter bulls sold generally steady. A few buyers purchased bulls to feed which helped create competition over lightweight and low dressing bulls. Young age cows suitable to feed or rebreed sold on mostly good demand. Buyers showed the best demand for high quality cows which had lost calves. Young offerings sold generally steady.

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
555 555 1 282.00 $282.00 $1,565 +13.14
608–612 610 15 255.00–260.00 $257.67 $1,572 +12.35
722 722 17 234.00 $234.00 $1,689 +12.00
753 753 2 213.00 $213.00 $1,604 +4.14
869 869 5 189.00 $189.00 $1,642 +5.00
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
742 742 11 168.00 $168.00 $1,247 -40.00
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
555 555 1 250.00 $250.00 $1,388
728–730 729 4 207.00–210.00 $207.75 $1,514 -8.11
884 884 5 175.50 $175.50 $1,551

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
449 449 8 257.50 $257.50 $1,156
456 unweaned 456 4 230.00 $230.00 $1,049
505–545 515 30 240.00–247.50 $242.58 $1,249 +17.99
543 unweaned 543 2 218.00 $218.00 $1,184
585 585 2 224.00 $224.00 $1,310 +1.00
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
382 382 5 240.00 $240.00 $917
490 490 1 230.00 $230.00 $1,127 +35.00
505–540 523 2 225.00–226.00 $225.48 $1,179
653–658 656 6 200.00–208.00 $205.35 $1,347 +1.35
Medium 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
387 387 9 250.00 $250.00 $968

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
547 unweaned 547 8 285.00 $285.00 $1,559
562 562 3 255.00 $255.00 $1,433
650–668 661 5 220.00–228.00 $224.85 $1,486
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
500 500 2 252.50 $252.50 $1,262
603 603 2 230.00 $230.00 $1,387
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1155 1155 2 144.00 $144.00 $1,663 +5.00

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Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1288–1580 1374 80-85% 47 87.00–100.00 $94.85 $1,303
1300–1725 1397 80-85% 32 87.00–97.00 $91.21 $1,274
1230–1635 1440 80-85% 18 75.00–86.00 $84.12 $1,211
1445–1470 1458 80-85% 2 99.00–100.00 $99.50 $1,451
1383–1655 1469 80-85% 25 100.50–105.00 $103.42 $1,519
1500 1500 80-85% 1 88.00 $88.00 $1,320
Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
910–1222 1114 85-90% 9 84.00–94.50 $90.15 $1,004 +10.68
1010–1145 1118 85-90% 6 83.00–84.00 $83.85 $937 +4.38
950–1318 1195 85-90% 45 72.00–84.00 $81.01 $968 -7.23
1210 1210 85-90% 2 95.00 $95.00 $1,150
1235 1235 85-90% 1 54.00 $54.00 $667
1060–1313 1236 85-90% 19 84.00–93.00 $89.18 $1,102
1290 1290 85-90% 1 97.00 $97.00 $1,251
Breaker ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1413–1638 1531 75-80% 9 95.00–99.00 $96.77 $1,482 -4.82
1520–1575 1538 75-80% 3 88.00 $88.00 $1,353 -13.59
1595 1595 75-80% 1 101.00 $101.00 $1,611
1645 1645 75-80% 1 92.00 $92.00 $1,513
1500–1845 1700 75-80% 11 94.00–101.00 $97.67 $1,660
1745–1750 1749 75-80% 4 103.00–107.00 $104.00 $1,819
2017–2070 2030 75-80% 4 104.00–106.00 $105.49 $2,141

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YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1155–1550 1361 14 102.00–109.00 $106.48 $1,449
1143–1760 1433 7 112.00–123.00 $116.90 $1,675
1225–1555 1445 3 130.00–141.00 $137.89 $1,993
1075–1830 1524 15 73.00–111.00 $101.47 $1,546
1470–1825 1588 3 96.00–108.00 $100.60 $1,598 -2.66
1618–1875 1667 11 112.00–118.00 $114.38 $1,907
1545–2260 1799 24 112.00–121.00 $115.67 $2,081 -13.36
1630–2308 1873 41 121.00–133.00 $129.57 $2,427
1900–2295 2032 3 125.00 $125.00 $2,540

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
820–1155 1014 (<2 yrs)Open 67 140.00–180.00 $161.97 $1,642
885–1450 1171 Young (2-4 yrs)Open 48 91.00–143.00 $109.17 $1,278
995–1275 1184 Young/Middle Aged (2-8 yrs)Open 7 85.00–100.00 $92.65 $1,097
Medium 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
725 thin fleshed 725 (<2 yrs)Open 1 120.00 $120.00 $870
758 758 (<2 yrs)Open 2 152.50 $152.50 $1,156

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Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1311 1311 Young (2-4 yrs)3rd Stage (7-9 mo) 4 2,150.00 $2,150.00

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Medium and Large 1-2 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $ Δ last sale
1503 1503 Middle Aged/Aged (>5 yrs)Open 3 1,850.00 $1,850.00
1596 1596 Young/Middle Aged (2-8 yrs)Open 7 1,900.00 $1,900.00

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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.