Cattle Market Pulse

Public Auction Yards Livestock Cattle Auction Market Report

Billings, Montana · USDA-reported Auction Livestock

Sale of Wednesday, January 22, 2025

255 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 heifers $337.35/cwt +17.35 vs last sale · ≈ $1,791/hd at 531 lb · 10 head
HeadThis saleLast saleLast year
Total receipts 255 1,406 1,652
Feeder cattle 76 214 204
Slaughter cattle 110 363 1,034
Replacement cattle 69 829 414

Compared to last week: All feeder cattle were too lightly tested to develop an accurate market trend, however higher undertones were noticed on a very limited offering. Demand was very good for very light offerings. Quality this week was mostly average. Most cattle were offered in small group or as singles. CME positions pushed sharply higher today giving buyers additional confidence in current market conditions. Market activity was mostly active today, with buyers both ringside and over the internet rapidly bidding on offerings. Weigh up cows sold on mostly very good demand today for light offerings. Cow quality this sale was mostly average to attractive. Demand for slaughter cows was good as packers only purchased cows for immediate harvest and pushed feed cow buyers in order to secure offerings. Slaughter cows sold mostly 3.00-6.00 higher on all classes. Demand for high quality cows suitable to feed to premium white was very good. These offerings sold mostly 6.00-10.00 higher in a narrow comparison. A large buyer pool of cow buyers was on hand for todays light sale. Slaughter bulls sold mostly 3.00-4.00 higher in a narrow comparison. Demand for slaughter bulls was mostly good this sale. Bull quality was average to attractive today. Weigh up conditions were mostly below average today with many offerings pushing moderate to heavy amounts of fill. Cold and windy conditions had most cow and bull offerings very full this sale. Despite fill, cow quality was mostly attractive today and many heavy muscled cows or cow that had been on feed were seen. Young age cows suitable to feed or rebreed sold sharply higher in a narrow comparison. Demand from both rebreed buyers and feeders was very good today. Quality this week was average to attractive. Many young cows were purchased to return to the country to feed.

New to these tables? Plain-English explainers ↓

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
515 515 6 378.00 $378.00 $1,947 +14.13
584 584 4 325.00 $325.00 $1,898
676 676 4 295.00 $295.00 $1,994

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
508–537 531 10 332.50–338.50 $337.35 $1,791 +17.35
625 625 1 293.00 $293.00 $1,831 +3.00
858 858 6 245.00 $245.00 $2,102
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1122 1122 3 223.00 $223.00 $2,502
1168 1168 2 214.00 $214.00 $2,500
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
506 506 4 280.00 $280.00 $1,417
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
355–380 368 2 350.00–375.00 $362.07 $1,332 +2.04

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
400 400 2 370.00 $370.00 $1,480
575 575 1 305.00 $305.00 $1,754
978 978 2 237.50 $237.50 $2,323
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
765 765 1 250.00 $250.00 $1,912

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Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1280–1490 1354 80-85% 41 126.00–138.50 $135.42 $1,834 +15.02
1325–1400 1375 80-85% 3 117.00–123.00 $120.05 $1,651 -0.35
1540–1740 1640 80-85% 2 127.00–134.00 $130.29 $2,137
Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
870–888 882 85-90% 3 70.00–85.00 $80.07 $706
940–1300 1085 85-90% 9 107.50–120.00 $115.33 $1,251
1080–1315 1218 85-90% 28 125.00–136.00 $132.76 $1,617 +46.76
1225–1240 1235 85-90% 3 99.00–102.00 $100.33 $1,239 +14.33
Breaker ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1540 1540 75-80% 1 139.00 $139.00 $2,141 +7.43
1530–1825 1635 75-80% 4 134.00–138.00 $136.50 $2,232
1725 1725 75-80% 1 145.00 $145.00 $2,501
1485–1945 1770 75-80% 5 143.50–146.50 $145.78 $2,580 +6.49

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YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1300 1300 1 120.00 $120.00 $1,560 -25.00
1575–1970 1757 6 131.50–143.00 $135.40 $2,379
2230–2235 2233 2 151.00–152.00 $151.50 $3,383
2270 2270 1 161.00 $161.00 $3,655

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
810–1360 1065 (<2 yrs)Open 30 160.00–231.00 $192.63 $2,052
995–1405 1137 Young (2-4 yrs)Open 30 138.00–184.00 $166.49 $1,893
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
805 805 (<2 yrs)Open 1 192.50 $192.50 $1,550
1125–1175 1150 Young (2-4 yrs)Open 2 128.00–135.00 $131.42 $1,511

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Medium and Large 1-2 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1555 1555 Middle Aged (5-8 yrs)2nd Stage (4-6 mo) 2 2,100.00 $2,100.00

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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.