Cattle Market Pulse

Public Auction Yards Livestock Cattle Auction Market Report

Billings, Montana · USDA-reported Auction Livestock

Sale of Wednesday, January 17, 2024

266 head sold ·Official USDA report

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

light 9-weight M&L 1 heifers $200.25/cwt +3.25 vs last sale · ≈ $1,810/hd at 904 lb · 16 head
light 8-weight M&L 1-2 heifers $197.00/cwt -4.00 vs last sale · ≈ $1,617/hd at 821 lb · 12 head
HeadThis saleLast saleLast year
Total receipts 266 1,635 3,534
Feeder cattle 46 98 2,978
Slaughter cattle 162 735 368
Replacement cattle 58 802 188

Compared to last week: Feeder cattle offerings were limited today as extremely cold weather has slowed the volume of cattle being marketed. Temperatures have been mostly below 0 since last weeks sale with even colder Windchill's seen. Feeder cattle were scarcely tested as a result. Demand was mostly good for very light offerings. Market activity was moderate. Weigh up cows comprised most of the market this week. Since last week much of the upper plains was waylaid with a blizzard that slowed the marking of all livestock. Packers returned to the market this week showing need for slaughter cows and bulls as they pushed all slaughter cows higher. All classes of slaughter cows sold 3.00-5.00 higher than last week in a narrow comparison. Private feeders remain active as they purchased cows to feed, despite having to pay higher prices for cows. High quality cows suitable to feed to premium white sold 3.00-5.00 higher. Quality this week was mostly plain to average. Weigh up conditions were mostly below average with many full offerings noticed. Slaughter bulls were not well compared however higher undertones were noticed. Young age cows sold mostly steady in a narrow comparison. Quality was mostly average today.

New to these tables? Plain-English explainers ↓

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
756 756 5 226.00 $226.00 $1,709
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
570 570 2 271.00 $271.00 $1,545

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
573 573 2 253.00 $253.00 $1,450
701 701 7 215.00 $215.00 $1,507
855 855 1 203.00 $203.00 $1,736 -0.36
904 904 16 200.25 $200.25 $1,810 +3.25
985 985 3 195.00 $195.00 $1,921
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
821 821 12 197.00 $197.00 $1,617 -4.00
945 945 1 184.00 $184.00 $1,739

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Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1265–1459 1314 80-85% 41 94.50–102.50 $99.29 $1,305
1485 1485 80-85% 3 104.00 $104.00 $1,544 +0.50
1320–1645 1490 80-85% 14 91.00–102.50 $95.46 $1,422 -8.04
1325–1630 1511 80-85% 5 79.00–89.00 $85.79 $1,296
Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
915 915 85-90% 1 83.00 $83.00 $759 +23.00
855–1175 1075 85-90% 4 90.00–95.00 $92.43 $994 +28.59
800–1247 1081 85-90% 7 81.00–91.00 $85.93 $929 +22.09
1111–1275 1153 85-90% 23 98.00–106.00 $102.26 $1,179 +8.44
840–1320 1158 85-90% 12 72.00–86.00 $79.75 $924 -14.07
1030–1193 1160 85-90% 5 59.00–68.00 $62.45 $724 -31.37
1030–1310 1201 85-90% 5 87.00–95.00 $90.94 $1,092 +3.59
Breaker ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1665–1720 1683 75-80% 3 99.00–102.00 $100.02 $1,683 +15.02

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YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1393–1445 1410 3 93.00–102.00 $98.93 $1,395 +12.27
1420–1955 1586 13 98.00–111.00 $106.31 $1,686
1572–2100 1668 8 112.00–121.00 $114.42 $1,909 +18.51
YG2-3 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
2024–2320 2073 6 115.00–121.00 $119.88 $2,485

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
817–1046 929 (<2 yrs)Open 40 125.00–165.00 $135.15 $1,256
970–1310 1113 Young (2-4 yrs)Open 10 105.50–116.00 $113.54 $1,264
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
885–900 893 (<2 yrs)Open 2 110.00–121.00 $115.45 $1,031

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Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1537 1537 Aged (>8 yrs)2nd Stage (4-6 mo) 3 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.