Cattle Market Pulse

Public Auction Yards Livestock Cattle Auction Market Report

Billings, Montana · USDA-reported Auction Livestock

Sale of Wednesday, February 28, 2024

323 head sold ·Official USDA report

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

HeadThis saleLast saleLast year
Total receipts 323 1,169 1,729
Feeder cattle 35 315 0
Slaughter cattle 148 580 695
Replacement cattle 140 274 1,034

Compared to last week: Feeder cattle offerings were were too lightly tested today to develop any market trend. Quality today was mostly plain, and lower than last week. Most cattle were offered in small packages or as singles. Demand was mostly light for very light offerings. Market activity today was mostly moderate. Weigh up cows comprised most of the sale today. Demand was mostly good to very good for light offerings. Packers continue to buy both feeding and slaughter cows. Packers tried to buy up as much of the offering as possible this sale. Demand from private feeders was very good. Many sets of young to middle age cows sold to private buyers as they showed strong premiums for feeding young age cows. Quality today was average. Slaughter and feeding cows sold generally steady in a narrow compairson on all classes. Cow quality today was mostly average to very attractive. Weigh up conditions were mixed today. Slaughter bulls were too lightly tested to develop an accurate market trend, however higher undertones were noticed. Young age cows were too lightly tested to develop a full market trend, steady undertones were noticed. Demand from feeding and rebreed cow buyers continues to be good.

New to these tables? Plain-English explainers ↓

Medium 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
448 448 2 265.00 $265.00 $1,187

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Medium 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
454 454 6 252.50 $252.50 $1,146
571 571 4 222.50 $222.50 $1,270
Medium 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
455 455 2 282.50 $282.50 $1,285

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
895 895 2 210.00 $210.00 $1,880
1038 1038 3 187.50 $187.50 $1,946

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Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
920 920 85-90% 1 72.50 $72.50 $667
935 935 85-90% 1 96.00 $96.00 $898
865–1161 1138 85-90% 13 96.00–102.00 $101.65 $1,157 +2.18
970–1230 1152 85-90% 7 113.00–115.00 $113.39 $1,306 +7.31
1070–1288 1200 85-90% 64 105.00–111.00 $107.23 $1,287 -5.43
1190–1230 1203 85-90% 3 101.00–106.00 $102.70 $1,235 -9.96
1040–1325 1210 85-90% 3 90.00–100.00 $97.13 $1,175 -15.53
Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1200–1603 1294 80-85% 12 113.00–116.00 $115.42 $1,494
1305 1305 80-85% 1 113.00 $113.00 $1,475 -0.73
1345 1345 80-85% 1 105.00 $105.00 $1,412
1273–1445 1364 80-85% 10 107.00–112.00 $110.10 $1,502 -2.69
Breaker ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1465–1514 1506 75-80% 6 113.00–114.00 $113.84 $1,714 +0.44
1705–1965 1792 75-80% 3 110.00–114.00 $112.54 $2,017

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YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1655–1788 1761 5 123.00–126.00 $125.44 $2,209
2093–2167 2137 5 137.00–144.00 $139.74 $2,986

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
814–1285 909 Young (2-4 yrs)Open 106 116.00–166.00 $148.80 $1,353
1030–1080 1055 (<2 yrs)Open 2 162.00–165.00 $163.46 $1,725
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
800–855 837 Young (2-4 yrs)Open 3 112.50–177.50 $133.22 $1,115
821–1247 967 (<2 yrs)Open 12 131.00–177.50 $156.08 $1,509

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Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1264 1264 Young (2-4 yrs)3rd Stage (7-9 mo) 7 2,550.00 $2,550.00
1253–1510 1339 Middle Aged/Aged (>5 yrs)3rd Stage (7-9 mo) 3 1,800.00–2,000.00 $1,924.80
1428 1428 Young/Middle Aged (2-8 yrs)2nd/3rd Stage (4-9 mo) 2 2,250.00 $2,250.00

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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.