Cattle Market Pulse

Public Auction Yards Livestock Cattle Auction Market Report

Billings, Montana · USDA-reported Auction Livestock

Sale of Wednesday, October 18, 2023

1,942 head sold ·Official USDA report

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

heavy 6-weight M&L 1 steers $253.34/cwt +11.95 vs last sale · ≈ $1,740/hd at 687 lb · 32 head
heavy 3-weight M&L 1 heifers $293.56/cwt -18.94 vs last sale · ≈ $1,142/hd at 389 lb · 21 head
light 6-weight M&L 1 heifers $243.00/cwt +0.38 vs last sale · ≈ $1,528/hd at 629 lb · 18 head
HeadThis saleLast saleLast year
Total receipts 1,942 1,640 2,870
Feeder cattle 259 599 685
Slaughter cattle 891 791 1,175
Replacement cattle 792 250 1,010

Compared to last week: Feeder steers and heifers were too lightly tested either this sale or last week to develop an accurate market trend, however higher undertones were noticed on all steers calves on offer; heifer calves sold with steady undertones; yearling heifers were too lightly tested to develop any market trend. Feeders were limited as todays sale mostly featured bred cows and weigh ups. Quality was mostly average to attractive and better overall compared to last week. Demand for feeders was mostly moderate to good. Most calves were offered in small packages or as singles again this week. Market activity was mostly moderate to active this sale with more buyer participation seen. Weigh up cows sold on mostly light to moderate demand for moderate to heavy offerings. Slaughter cows sold on light demand again this week, however the majority of the cow offering was purchased to feed. Slaughter cows sold mostly 1.00 to 3.00 lower on breaking cows, boning and lean cows sold mostly 4.00 to 7.00 lower. Feeding cow demand was moderate this sale. Several buyers were active in buying thin cows to feed or turn out on corn stalks this winter. These cows sold 3.00-5.00 lower. High quality feeding cows suitable to feed to premium white sold 2.00-3.00 lower on a lower quality offering. Cows overall were not as attractive as last week. Packers joined private feeders in buying thin cows this week as they purchased cows to put away for the upcoming holidays. Most of these cows were very thin and low or very low dressing. Notably, packers have opted to start buying holiday cows unseasonably early(2-3 weeks), as concerns of beef cow supplies weigh on buying decisions. Slaughter bulls sold generally steady. Weigh up conditions were mixed. Cow quality today was mostly plain to average today. Several packages of young age cows sold this week. Demand for these offerings was mostly good as feeding and rebreeding buyers competed over attractive offerings. Young age cows sold 3.00-5.00 higher on an attractive quality offering. A heavy offering of bred cows sold today. Demand was mostly good with several local ranchers and order buyers active in bidding on offerings. Quality was average to very attractive.

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
340 unweaned 340 6 410.00 $410.00 $1,394 +40.00
419 unweaned 419 12 382.50 $382.50 $1,603 +28.35
502–525 unweaned 516 9 285.00–295.00 $288.24 $1,487 +9.33
679–697 unweaned 687 32 251.50–255.00 $253.34 $1,740 +11.95

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
315 unweaned 315 1 310.00 $310.00 $976 -10.00
363–395 unweaned 389 21 290.00–310.00 $293.56 $1,142 -18.94
520 unweaned 520 1 257.00 $257.00 $1,336 +4.89
595 unweaned 595 1 245.00 $245.00 $1,458
629 unweaned 629 18 243.00 $243.00 $1,528 +0.38
927–930 928 15 210.00–212.00 $210.53 $1,954
996 996 6 207.50 $207.50 $2,067 -9.65
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1118 1118 12 194.50 $194.50 $2,175
1127 1127 5 187.50 $187.50 $2,113
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
850–871 862 7 212.00–217.00 $214.89 $1,852 +0.89
940 940 2 204.00 $204.00 $1,918 -6.87

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Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1150–1160 1155 2 165.00 $165.00 $1,906
Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
495 unweaned 495 2 290.00 $290.00 $1,436

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Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
943 943 85-90% 5 50.00 $50.00 $472
1075–1215 1147 85-90% 3 74.00–76.00 $75.02 $860
1055–1255 1155 85-90% 2 88.00–90.00 $88.91 $1,027 -18.09
1075–1313 1178 85-90% 29 62.00–76.00 $70.22 $827 -36.78
940–1355 1207 85-90% 129 78.00–88.00 $84.10 $1,015 -5.15
1029–1315 1217 85-90% 16 77.00–86.00 $81.80 $996 -18.91
1015–1315 1221 85-90% 104 89.00–98.00 $91.27 $1,114 -9.44
1195–1233 1231 85-90% 33 99.00–102.50 $99.57 $1,226 +13.85
Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1313–1615 1395 80-85% 77 83.00–92.00 $86.30 $1,204 -15.67
1300–1760 1416 80-85% 126 94.00–104.50 $98.69 $1,397 +6.88
1435–1475 1448 80-85% 3 93.50–94.00 $93.67 $1,356 +1.86
1325–1640 1474 80-85% 19 80.00–91.50 $85.20 $1,256
1435–1576 1492 80-85% 20 105.00–108.00 $107.44 $1,603
1545–1715 1635 80-85% 3 103.50–105.50 $104.65 $1,711
Breaker ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1420 1420 75-80% 1 111.00 $111.00 $1,576
1602 1602 75-80% 5 107.50 $107.50 $1,722 -1.73
1633 1633 75-80% 3 102.00 $102.00 $1,666 -7.23
1435–1790 1656 75-80% 7 105.50–110.00 $107.22 $1,776
1620–1785 1662 75-80% 13 96.00–103.00 $99.34 $1,651
1980 1980 75-80% 1 115.00 $115.00 $2,277

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YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1160 1160 1 89.00 $89.00 $1,032
1260–1690 1431 8 95.00–106.50 $102.62 $1,468
1105–1645 1465 5 107.00–118.00 $111.17 $1,629 +11.83
1460–2175 1903 12 91.00–105.00 $100.07 $1,904
1850–2030 1940 3 117.00–125.00 $121.38 $2,355
1798–2290 1989 8 107.00–113.50 $110.45 $2,197 -10.05

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
730–805 thin fleshed 768 (<2 yrs)Open 13 140.00–170.00 $164.14 $1,261
775–1310 960 (<2 yrs)Open 227 130.00–187.00 $167.97 $1,613
838–1330 1046 Young (2-4 yrs)Open 118 104.00–175.00 $138.17 $1,445
1245 thin fleshed 1245 Young (2-4 yrs)Open 1 92.00 $92.00 $1,145
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
889–1210 989 Young (2-4 yrs)Open 6 102.50–117.50 $111.98 $1,107
1210 1210 (<2 yrs)Open 1 102.50 $102.50 $1,240

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Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
886 thin fleshed 886 Young (2-4 yrs)1st/2nd Stage (1-6 mo) 24 2,175.00 $2,175.00
1073 1073 Middle Aged (5-8 yrs)1st Stage (1-3 mo) 4 1,800.00 $1,800.00
1031–1388 1168 Young (2-4 yrs)1st/2nd Stage (1-6 mo) 65 2,100.00–2,500.00 $2,366.93
1045–1368 1170 Young (2-4 yrs)1st Stage (1-3 mo) 33 1,800.00–2,200.00 $2,077.25
1266 1266 Aged (>8 yrs)1st/2nd Stage (1-6 mo) 15 1,310.00 $1,310.00
1333 thin fleshed 1333 Young (2-4 yrs)1st Stage (1-3 mo) 4 1,375.00 $1,375.00
1336–1369 1349 Middle Aged/Aged (>5 yrs)1st Stage (1-3 mo) 13 1,300.00–1,350.00 $1,319.52
1248–1538 1374 Middle Aged/Aged (>5 yrs)1st/2nd Stage (1-6 mo) 44 1,400.00–1,925.00 $1,823.68
1183–1572 1413 Middle Aged (5-8 yrs)1st/2nd Stage (1-6 mo) 22 2,000.00–2,225.00 $2,051.39
1557 1557 Aged (>8 yrs)2nd Stage (4-6 mo) 6 1,700.00 $1,700.00
Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
1121–1330 1191 Middle Aged/Aged (>5 yrs)1st Stage (1-3 mo) 6 91.00–94.00 $92.12 $1,097
1215 1215 Aged (>8 yrs)1st/2nd Stage (1-6 mo) 26 107.00 $107.00 $1,300
Medium and Large 1-2 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1170–1480 1377 Young (2-4 yrs)1st/2nd Stage (1-6 mo) 3 1,800.00 $1,800.00

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Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
800–871 thin fleshed 841 (<2 yrs)1st Stage (1-3 mo) 12 1,375.00–1,800.00 $1,631.63
810–1115 878 (<2 yrs)1st/2nd Stage (1-6 mo) 94 1,975.00–2,425.00 $2,302.27

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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.