Cattle Market Pulse

Public Auction Yards Livestock Cattle Auction Market Report

Billings, Montana · USDA-reported Auction Livestock

Sale of Wednesday, March 27, 2024

279 head sold ·Official USDA report

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

light 6-weight M&L 1 heifers $273.53/cwt -6.96 vs last sale · ≈ $1,742/hd at 637 lb · 13 head
HeadThis saleLast saleLast year
Total receipts 279 3,098 809
Feeder cattle 71 2,440 239
Slaughter cattle 133 559 358
Replacement cattle 75 99 212

Compared to last week: Feeder cattle offerings were were too lightly tested today to develop any market trend. Demand for feeders was mostly moderate to good for very light offerings. Quality today was plain to average. Most calves were offered in small packages or as singles. Market activity today was mostly moderate to active despite a small offering. Weigh up cows sold on mostly good to very good demand for light offerings. Cow quality was average to attractive today. Packers showed good demand for all cows on offer this week. Packers pushed to own as many offerings as possible as cow supplies remain short. Most of the high quality offerings were purchased to feed this week and most lame or blemished cows sold as slaughter cows. Slaughter cows sold mostly 3.00-6.00 higher on all offerings. Feeding cows sold sharply higher with most sales 6.00-12.00 higher in a narrow comparison. Weigh up conditions were mixed. Private feeding cow buyers showed good demand for high quality cows again this week as they competed with packer buyers over limited offerings. Slaughter bulls sold 2.00-4.00 higher in a narrow comparison. Young age cows were too lightly tested last week to develop any market trend. Demand from feeding and rebreed cow buyers continues to be good. Limited bred and replacement cows continue to sell on very good demand.

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Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
462–495 470 4 335.00–345.00 $342.37 $1,609 +2.37
580–585 584 5 310.00–317.50 $311.49 $1,819 -14.74
620 620 2 308.00 $308.00 $1,910 +15.57
700–725 717 3 255.00–275.00 $261.51 $1,875 +11.56

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
460–488 474 4 315.00–320.00 $317.43 $1,505 -1.54
572 572 3 286.00 $286.00 $1,636 -5.47
627–648 637 13 273.00–274.00 $273.53 $1,742 -6.96
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
510–535 527 3 290.00–293.00 $292.03 $1,539 +4.97
585 585 2 282.50 $282.50 $1,653 +11.32

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Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
563–580 569 3 292.50–315.00 $307.35 $1,749
Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
713 713 2 267.50 $267.50 $1,907

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Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1300–1475 1385 80-85% 14 121.00–130.00 $125.18 $1,734 +1.10
1325–1580 1406 80-85% 4 114.00–119.00 $116.08 $1,632
1390–1555 1459 80-85% 11 107.00–119.00 $116.23 $1,696
1313–1693 1460 80-85% 23 123.00–134.00 $129.51 $1,891
1330–1620 1500 80-85% 9 135.00–138.50 $137.27 $2,059
Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
940 940 85-90% 1 100.00 $100.00 $940
980 980 85-90% 1 112.50 $112.50 $1,102
1075 1075 85-90% 1 110.00 $110.00 $1,182
1020–1185 1103 85-90% 2 90.00–95.00 $92.31 $1,018 -16.43
1065–1235 1150 85-90% 2 130.00–132.50 $131.16 $1,508 +5.53
1043–1305 1152 85-90% 7 103.00–111.00 $106.42 $1,226 -19.21
980–1245 1154 85-90% 7 116.00–125.00 $119.57 $1,380 -6.06
1075–1285 1163 85-90% 6 115.00–116.00 $115.54 $1,344 -10.09
Breaker ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1565–1743 1654 75-80% 4 140.00–141.50 $140.71 $2,327
1645–1662 1658 75-80% 4 133.00–139.00 $137.51 $2,280
1630–1768 1717 75-80% 5 122.00–124.00 $123.18 $2,115
1700–1940 1755 75-80% 7 129.00–136.00 $132.93 $2,333
1840 1840 75-80% 1 140.00 $140.00 $2,576
N/N/A ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1685 1685 65-75% 3 141.00 $141.00 $2,376

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YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1115–1320 1218 2 122.50–123.00 $122.77 $1,495
1435–1980 1729 4 119.00–124.00 $121.68 $2,104
1810–1877 1860 4 132.00–138.00 $133.46 $2,482
2090 2090 1 153.00 $153.00 $3,198

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
875–1220 1042 (<2 yrs)Open 36 145.00–217.50 $185.99 $1,938
735–1345 1080 Young (2-4 yrs)Open 21 125.00–170.00 $145.50 $1,571
Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
1230 1230 Young (2-4 yrs)Open 2 123.00 $123.00 $1,513

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Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1305 1305 Young (2-4 yrs)3rd Stage (7-9 mo) 1 2,600.00 $2,600.00
1642 1642 Middle Aged (5-8 yrs)3rd Stage (7-9 mo) 3 2,500.00 $2,500.00

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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.