Cattle Market Pulse

Public Auction Yards Livestock Cattle Auction Market Report

Billings, Montana · USDA-reported Auction Livestock

Sale of Wednesday, August 28, 2024

1,278 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 $219.87/cwt -6.34 vs last sale · ≈ $2,021/hd at 919 lb · 92 head
light 8-weight M&L 1 steers $244.80/cwt ≈ $2,017/hd at 824 lb · 72 head
heavy 9-weight M&L 1 heifers $212.67/cwt -9.91 vs last sale · ≈ $2,065/hd at 971 lb · 55 head
HeadThis saleLast saleLast year
Total receipts 1,278 647 1,103
Feeder cattle 954 217 724
Slaughter cattle 303 356 362
Replacement cattle 21 74 17

Compared to last sale (7/31/24): The last sale was nearly a month ago so no true market comparisons can be made, however lower undertones were noticed on all offerings. CME positions took a nose dive at the end of July and the market has been adjusting to lower contract prices since then. Quality this week was mostly average to attractive. Many packages of yearlings were seen this week with some as big as a half a load. Flesh conditions were mostly light to moderate with most consignments coming off grass. Market activity was mostly active with active bidding seen both ringside as well as over the internet. Weigh up cows sold on mostly moderate to good demand for light to moderate offerings. Packers showed lighter demand for all offerings this week. Slaughter cows sold 3.00-6.00 lower on breaking cows, boning and lean cows sold 5.00-10.00 lower. Additional packer buyers that had been active in the market this summer were absent this sale and all cow prices moved lower as a result. Feeding cows sold on mostly good demand. Several private feeding cow buyers were in the market this week and helped keep prices from selling off sharply. Feeding cows sold mostly steady to 5.00 lower. Cow quality this sale was mostly average. Yielding conditions continue to deteriorate as dry conditions and big calves are pulling cow yields. Most cows were in lower body condition scores than last sale. Weigh conditions overall were mixed but most cows were pushing heavy amounts of fill. Slaughter bulls sold mostly 4.00-6.00 lower. Feeding demand caused bulls to sell unevenly at times as feeding bull buyers were mostly looking for lighter weight lower yielding bulls to put on feed and packer buyers showed strong demand for all bulls for immediate harvest. Quality today was mostly average for all bulls on offer. Feeding bulls sold steady to 4.00 lower. Young age cows suitable to feed or rebreed were too lightly tested to develop any market trend. Demand for very high quality offering was mostly good.

New to these tables? Plain-English explainers ↓

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
508 unweaned 508 21 270.00 $270.00 $1,372
676–693 685 16 260.00–264.00 $261.98 $1,795
755–798 778 25 250.50–260.50 $253.34 $1,971 -15.17
814–828 824 72 243.75–247.00 $244.80 $2,017
951–990 959 5 222.00–225.00 $224.38 $2,152 -12.62
1020–1034 1030 7 220.00–222.00 $220.57 $2,272 -12.12
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
341 unweaned 341 7 300.00 $300.00 $1,023
425 unweaned 425 2 270.00 $270.00 $1,148
528 unweaned 528 4 252.00 $252.00 $1,331
572 572 6 252.00 $252.00 $1,441
623 623 19 252.00 $252.00 $1,570
786 786 4 243.50 $243.50 $1,914
808–848 815 21 236.00–240.00 $237.90 $1,939
853–895 870 11 231.50–236.00 $233.17 $2,029
992 992 3 221.50 $221.50 $2,197 -3.50
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1136 1136 4 202.00 $202.00 $2,295
Medium 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
610 610 3 258.00 $258.00 $1,574

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
384 unweaned 384 4 282.50 $282.50 $1,085
445 unweaned 445 16 270.00 $270.00 $1,202
548 unweaned 548 4 242.00 $242.00 $1,326
705–736 733 14 238.00–241.00 $238.92 $1,751 -8.58
762–795 778 47 232.00–240.00 $236.37 $1,839
809–847 828 51 227.00–230.00 $229.19 $1,898 -6.43
856–895 873 48 221.00–226.00 $223.57 $1,952
900–947 919 92 214.00–224.00 $219.87 $2,021 -6.34
950–993 971 55 205.50–219.00 $212.67 $2,065 -9.91
1041–1043 1041 14 197.00–198.00 $197.86 $2,060 -21.60
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
708–722 715 6 235.00–236.00 $235.50 $1,684
754–795 779 10 227.00–230.00 $228.16 $1,777
847 847 3 223.00 $223.00 $1,889
872 872 5 214.00 $214.00 $1,866
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1058–1078 1070 19 194.00–198.50 $197.37 $2,112
Medium 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
653 653 14 248.00 $248.00 $1,619
Medium 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
533 533 5 234.00 $234.00 $1,247
590 590 9 239.00 $239.00 $1,410
Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1001–1045 1010 5 182.00–191.00 $189.14 $1,910
Medium 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
573 573 5 237.00 $237.00 $1,358

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Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1043 1043 3 212.50 $212.50 $2,216 -12.50
1085 1085 1 210.00 $210.00 $2,278
1175 1175 1 200.00 $200.00 $2,350
1200 1200 1 190.00 $190.00 $2,280
Medium and Large 1-2 ($/head)
Weight (lb) Avg wt Head Price range Avg $ Δ last sale
178 unweaned 178 3 225.00 $225.00

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Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1257–1458 1356 80-85% 16 115.00–132.00 $125.70 $1,704 -18.29
1235–1598 1405 80-85% 81 131.00–143.00 $138.12 $1,941 -14.91
1318–1515 1425 80-85% 15 107.00–122.00 $114.83 $1,636 -38.20
1438 1438 80-85% 4 145.00 $145.00 $2,085 -8.03
1470–1545 1508 80-85% 2 144.00–149.00 $146.56 $2,210
1600–1713 1669 80-85% 6 127.00–133.00 $129.44 $2,160
Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
910 910 85-90% 1 115.00 $115.00 $1,046
1099–1240 1117 85-90% 8 124.00–125.00 $124.86 $1,395 -18.59
1035–1320 1161 85-90% 18 100.00–117.00 $108.73 $1,262 -4.27
1125–1280 1231 85-90% 7 119.00–124.00 $121.05 $1,490 -23.37
1140–1280 1250 85-90% 22 126.00–134.50 $134.09 $1,676
Breaker ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1610 1610 75-80% 1 112.00 $112.00 $1,803 -40.50
1355–1835 1622 75-80% 13 121.00–133.00 $129.16 $2,095 -23.34
1490–1692 1642 75-80% 4 135.00–137.00 $136.55 $2,242 -15.95
1765 1765 75-80% 1 140.00 $140.00 $2,471 -9.00

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YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1295–1380 1338 2 125.00–133.00 $128.87 $1,724
1260–1783 1534 19 152.00–163.00 $158.56 $2,432 +13.73
1530–2300 1822 26 128.00–152.00 $144.39 $2,631
1725–1975 1850 2 148.00–150.00 $148.93 $2,755
1610–2215 1878 14 153.00–165.00 $157.48 $2,957
1720–2245 2020 7 166.00–173.00 $169.61 $3,426 -7.29

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
980–1100 1028 Young (2-4 yrs)Open 4 157.00–171.00 $164.70 $1,693
1050–1255 1129 (<2 yrs)Open 8 162.00–180.00 $169.54 $1,914
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
1030–1090 1060 Young (2-4 yrs)Open 2 139.00–144.00 $141.43 $1,499

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Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
756 756 8 237.00 $237.00 $1,792
802–846 834 62 225.00–229.00 $227.95 $1,901
Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
718 718 5 230.00 $230.00 $1,651

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Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
701 701 6 255.50 $255.50 $1,791
836 836 32 237.00 $237.00 $1,981
981 981 8 222.00 $222.00 $2,178

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N/N/A ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1378 1378 85-90% 2 109.00 $109.00 $1,502
1485 1485 85-90% 1 83.00 $83.00 $1,233

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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.