Cattle Market Pulse

Public Auction Yards Livestock Cattle Auction Market Report

Billings, Montana · USDA-reported Auction Livestock

Sale of Wednesday, February 7, 2024

558 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 1-2 heifers $286.08/cwt +4.94 vs last sale · ≈ $1,493/hd at 522 lb · 17 head
heavy 5-weight M&L 1 steers $316.52/cwt +5.29 vs last sale · ≈ $1,798/hd at 568 lb · 15 head
light 5-weight M 1 heifers $282.00/cwt ≈ $1,517/hd at 538 lb · 13 head
HeadThis saleLast saleLast year
Total receipts 558 2,685 770
Feeder cattle 273 2,004 326
Slaughter cattle 220 541 385
Replacement cattle 65 140 59

Compared to last week: Feeder cattle offerings were limited this week. All feeder cattle were too lightly tested to develop an accurate market trend, however higher undertones were noticed. Quality today was mostly plain to average, with a very limited offering of attractive feeders seen. Most cattle were offered in small packages or as singles. Many blemished offerings were seen today with lots of short ears or tails and lame offerings noticed. Demand was mostly good for all feeders despite light offerings. The best demand continues to be for light fleshed cattle suitable to develop into yearlings. Market activity today was mostly moderate to active with an small buyer pool noticed. Weigh up cows sold on mostly good demand for light to moderate offerings. Packers tried to balance buying both feeding and slaughter cows again this week. Packers continue to show need for cows for immediate harvest and to feed. Slaughter cows sold 2.00-4.00 higher on breaking cows, boning and lean cows sold 2.00-5.00 higher. Packers showed good demand for high quality cows suitable to feed to premium white. Both private feeders and packers bid aggressively over high quality cows again this week. These offerings sold 3.00-5.00 higher. Cow quality today was mostly average to attractive, and overall more attractive than last weeks sale. Weigh up conditions were mixed today. Slaughter bulls sold mostly steady to 3.00 higher. Young age cows sold mostly 10.00 higher. Demand from feeding cow buyers was very good. Many of these offerings were purchased to feed as live cattle contract prices continue to push higher. Most of these offerings are still eligible to grade choice if fed hard enough.

New to these tables? Plain-English explainers ↓

Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
331 331 4 350.00 $350.00 $1,158
478–495 485 5 325.00–330.00 $327.96 $1,591 +5.25
518–523 520 13 310.00–324.00 $319.66 $1,662 +6.54
594 594 6 300.00 $300.00 $1,782 +15.91
642 642 12 279.00 $279.00 $1,791 +2.90
663 663 4 275.00 $275.00 $1,823 +19.00
809 809 6 232.00 $232.00 $1,877
920 920 3 210.00 $210.00 $1,932
Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
440 unweaned 440 3 345.00 $345.00 $1,518
555–571 568 15 313.00–331.00 $316.52 $1,798 +5.29
1038 1038 24 209.50 $209.50 $2,175
Medium 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
385 385 5 290.00 $290.00 $1,116
500 500 4 250.00 $250.00 $1,250

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Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
343 343 2 330.00 $330.00 $1,132
520–523 522 17 283.50–289.00 $286.08 $1,493 +4.94
582 582 5 253.00 $253.00 $1,472 +10.00
620 620 11 260.00 $260.00 $1,612 +25.05
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
454–463 457 6 242.50–254.00 $246.38 $1,126
517 517 7 270.00 $270.00 $1,396
596 596 11 242.50 $242.50 $1,445
608 608 4 236.00 $236.00 $1,435
Medium 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
538 538 13 282.00 $282.00 $1,517
674 674 4 240.00 $240.00 $1,618

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
599 599 11 280.00 $280.00 $1,677
710 710 1 225.00 $225.00 $1,598
900 900 4 210.00 $210.00 $1,890
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
715 715 1 205.00 $205.00 $1,466

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Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
930–965 948 85-90% 2 62.50 $62.50 $592
965 965 85-90% 1 90.00 $90.00 $868 +12.57
875–1308 1030 85-90% 20 87.00–92.00 $89.50 $922
1050–1220 1152 85-90% 5 103.50–105.00 $104.05 $1,199 +11.57
1141–1194 1158 85-90% 22 97.00–99.50 $97.82 $1,133 +5.34
853–1568 1163 85-90% 18 79.00–91.00 $86.14 $1,002 -6.34
965–1239 1179 85-90% 20 94.00–101.50 $98.87 $1,166 +6.39
Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1310–1578 1370 80-85% 35 94.00–104.50 $102.05 $1,398 +6.78
1390 1390 80-85% 1 106.00 $106.00 $1,473 +10.73
1340–1505 1405 80-85% 13 94.00–103.00 $96.45 $1,355 -1.49
1288–1645 1431 80-85% 10 107.50–111.50 $109.87 $1,572 +7.87
1515 1515 80-85% 1 92.00 $92.00 $1,394
1355–1765 1539 80-85% 13 85.00–91.00 $87.45 $1,346
Breaker ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1585–1595 1587 75-80% 5 107.50–115.00 $109.01 $1,730 +14.11
1589 1589 75-80% 8 93.50–95.00 $94.25 $1,498 -0.65
1655 1655 75-80% 1 112.00 $112.00 $1,854
1595–1853 1688 75-80% 9 104.00–106.50 $105.35 $1,778

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YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1260–1382 1333 5 90.00–95.50 $93.42 $1,245
1570–2035 1795 8 91.00–111.00 $103.08 $1,850
1768–2005 1918 8 113.00–121.00 $116.00 $2,225
YG2-3 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
2170 2170 2 115.00 $115.00 $2,496

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
745–1315 986 Young (2-4 yrs)Open 26 103.00–143.00 $119.17 $1,175
700–1108 1006 (<2 yrs)Open 23 161.00–217.50 $197.36 $1,985
1415 1415 (<2 yrs)Open 1 170.00 $170.00 $2,406
Medium 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
880 880 (<2 yrs)Open 2 192.50 $192.50 $1,694
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
865 865 (<2 yrs)Open 1 167.50 $167.50 $1,449

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Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1385 1385 Aged (>8 yrs)3rd Stage (7-9 mo) 3 1,800.00 $1,800.00

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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.