Cattle Market Pulse

Public Auction Yards Livestock Cattle Auction Market Report

Billings, Montana · USDA-reported Auction Livestock

Sale of Wednesday, November 8, 2023

2,671 head sold ·Official USDA report

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

light 7-weight M&L 2 heifers $182.50/cwt ≈ $1,347/hd at 738 lb · 19 head
heavy 9-weight M&L 1-2 heifers $192.00/cwt ≈ $1,855/hd at 966 lb · 16 head
heavy 8-weight M&L 1-2 heifers $198.91/cwt -9.09 vs last sale · ≈ $1,762/hd at 886 lb · 15 head
HeadThis saleLast saleLast year
Total receipts 2,671 1,644 3,001
Feeder cattle 246 595 149
Slaughter cattle 1,659 787 962
Replacement cattle 766 262 1,890

Compared to last week: Yearling steers and heifers were too lightly tested to develop a full market trend, however lower undertones were noticed. Both steer and heifer calves were scarcely tested this week as todays sale featured bred heifers and cows as well as weigh ups. No trend is available. Yearling quality was mostly plain to average today. Market activity was mostly slow. Weigh up cows sold on mostly moderate demand for heavy offerings. Slaughter cows sold 3.00-6.00 lower on boning cows and lean cows. Breaking slaughter cows were too lightly tested to trend as most were purchased to feed this week, however lower undertones were noticed. Demand for feeding cows was mostly moderate to good. Buyer participation was good again this week, however not as many buyers were seen this week as last. Thin cows purchased to feed or turn out on corn stalks this winter sold 2.00-4.00 lower which would be near steady with prices two weeks ago. High quality feeding cows suitable to feed to premium white sold 1.00-4.00 lower. Weigh up conditions were mostly below average to start the sale but improved as the sale progressed, especially on cattle that had been preg. checked and run through the chute. Slaughter bulls sold mostly steady, on a lower quality offering. Cow quality today was mixed from plain to attractive. Young age cows sold mostly 5.00-10.00 higher on a much higher quality offering. Demand for these offerings was stronger this week as quality allowed for more rebreed buyers to participate. Demand from feeding buyers remains light to moderate. Most of these offerings are in the report as slaughter cows returning to feed especially offerings over 3 years old. A good selection of bred cows and heifers sold today and demand for these offerings was mostly moderate to good. Quality was average to very attractive. A large crowd was on hand for todays bred cow sale with both ranchers and order buyers as active participants. 3rd trimester calve from now until Feb 9th, 2nd Trimester calve from Feb 9th till May 12th, 1st trimester calve after May 12th.

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Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
449 unweaned 449 4 302.50 $302.50 $1,358
919 919 4 199.00 $199.00 $1,829
Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
935 935 3 214.00 $214.00 $2,001

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Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
433 unweaned 433 3 255.00 $255.00 $1,104 +2.50
857–899 886 15 198.00–202.00 $198.91 $1,762 -9.09
916 916 9 194.00 $194.00 $1,777 -9.00
966 966 16 192.00 $192.00 $1,855
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
738 738 19 182.50 $182.50 $1,347
Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
746 746 12 213.00 $213.00 $1,589

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Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
820–945 895 85-90% 3 64.00–74.00 $68.66 $615
875–985 948 85-90% 3 51.00–55.00 $52.23 $495
1018 1018 85-90% 2 62.00 $62.00 $631
1013–1440 1160 85-90% 19 56.00–67.00 $64.22 $745 -7.60
1030–1280 1170 85-90% 124 65.00–83.00 $77.67 $909 -6.75
1173–1205 1184 85-90% 6 96.50–100.00 $98.81 $1,170 +14.39
1000–1350 1195 85-90% 102 68.00–82.00 $78.27 $935 -6.15
1045–1320 1250 85-90% 174 83.00–94.00 $85.18 $1,065 -17.82
1180–1323 1250 85-90% 75 82.00–86.00 $83.64 $1,046 -19.36
Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1260–1545 1378 80-85% 91 74.00–84.50 $82.00 $1,130 -7.63
1300–1558 1380 80-85% 63 78.00–87.50 $84.69 $1,169 -4.94
1300–1610 1414 80-85% 73 88.50–100.00 $94.41 $1,335 -12.91
1310–1638 1446 80-85% 27 85.00–93.00 $86.64 $1,253 +0.77
1370–1645 1453 80-85% 52 101.00–109.50 $104.19 $1,514 +28.51
1480–1730 1647 80-85% 3 95.00–97.00 $95.60 $1,575
Breaker ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1520–1553 1538 75-80% 8 97.00–101.50 $99.36 $1,528
1578–1605 1590 75-80% 7 97.00–99.50 $98.08 $1,559 -1.18
1608–1710 1644 75-80% 8 94.00–97.00 $96.01 $1,578
1620–1875 1733 75-80% 4 91.00–94.00 $93.02 $1,612

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YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1130–1295 1241 4 110.00–115.00 $113.34 $1,407
1210–1350 1295 5 86.00–95.00 $89.37 $1,157
1570–1925 1717 25 90.00–106.00 $99.50 $1,708
1848–1948 1881 9 105.00–109.00 $107.62 $2,024
1683–2355 1936 16 109.50–116.00 $111.87 $2,166 +2.50
1955–2120 2038 2 117.50–118.00 $117.74 $2,400

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
828–1310 936 (<2 yrs)Open 168 117.00–189.50 $164.88 $1,543
903–1315 1083 Young (2-4 yrs)Open 66 90.00–142.50 $113.78 $1,232
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
700 thin fleshed 700 (<2 yrs)Open 2 145.00 $145.00 $1,015
778–995 856 Young (2-4 yrs)Open 8 92.00–115.00 $105.14 $900
740–1105 939 (<2 yrs)Open 9 102.50–140.00 $124.89 $1,173

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Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1058 1058 Aged (>8 yrs)1st Stage (1-3 mo) 2 1,600.00 $1,600.00
1020–1264 1093 Young (2-4 yrs)1st Stage (1-3 mo) 54 1,585.00–2,000.00 $1,896.23
1008–1318 thin fleshed 1133 Young (2-4 yrs)2nd Stage (4-6 mo) 23 1,800.00–1,985.00 $1,921.02
1176 thin fleshed 1176 Middle Aged/Aged (>5 yrs)2nd Stage (4-6 mo) 4 1,300.00 $1,300.00
1168–1272 thin fleshed 1216 Aged (>8 yrs)2nd Stage (4-6 mo) 11 1,275.00–1,300.00 $1,281.55
1207–1425 1262 Middle Aged/Aged (>5 yrs)1st Stage (1-3 mo) 4 1,200.00–1,500.00 $1,284.72
1100–1337 1268 Young (2-4 yrs)2nd Stage (4-6 mo) 79 2,250.00–2,650.00 $2,427.37
1289–1301 1294 Aged (>8 yrs)1st Stage (1-3 mo) 12 1,300.00–1,335.00 $1,314.66
1195–1415 1296 Aged (>8 yrs)2nd Stage (4-6 mo) 67 1,300.00–1,525.00 $1,442.76
1185–1563 1318 Middle Aged (5-8 yrs)1st Stage (1-3 mo) 10 1,500.00–1,600.00 $1,559.63
1220–1546 1326 Middle Aged (5-8 yrs)2nd Stage (4-6 mo) 25 2,100.00–2,300.00 $2,226.24
1260–1535 1355 Middle Aged/Aged (>5 yrs)2nd Stage (4-6 mo) 34 1,375.00–1,775.00 $1,602.89
Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
1189–1204 1197 Middle Aged/Aged (>5 yrs)1st Stage (1-3 mo) 9 83.00–88.00 $85.79 $1,027
1208–1355 1297 Aged (>8 yrs)2nd Stage (4-6 mo) 23 85.00–96.50 $94.47 $1,225
Medium and Large 1-2 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1118 1118 Young (2-4 yrs)2nd Stage (4-6 mo) 2 1,600.00 $1,600.00
1297 1297 Middle Aged/Aged (>5 yrs)2nd Stage (4-6 mo) 4 1,350.00 $1,350.00
1457 1457 Middle Aged (5-8 yrs)2nd Stage (4-6 mo) 3 1,550.00 $1,550.00

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Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
932–946 936 (<2 yrs)2nd Stage (4-6 mo) 70 2,125.00–2,300.00 $2,251.98
961 961 (<2 yrs)1st/2nd Stage (1-6 mo) 5 1,850.00 $1,850.00

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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.