Cattle Market Pulse

Public Auction Yards Livestock Cattle Auction Market Report

Billings, Montana · USDA-reported Auction Livestock

Sale of Wednesday, August 20, 2025

737 head sold ·Official USDA report

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

heavy 9-weight M&L 1 heifers $321.60/cwt ≈ $3,127/hd at 972 lb · 111 head
heavy 8-weight M&L 1 heifers $331.23/cwt +20.01 vs last sale · ≈ $2,872/hd at 867 lb · 57 head
heavy 6-weight M 1 heifers $363.45/cwt ≈ $2,435/hd at 670 lb · 48 head

Receipts

HeadThis saleLast saleLast year
Head itemized in priced lots 737 — —

New to these tables? Plain-English explainers ↓

Feeder Steers

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
411 unweaned 411 9 455.00 $455.00 $1,870 —
781 781 7 370.00 $370.00 $2,890 —
832 832 10 325.00 $325.00 $2,704 —
839 839 7 350.00 $350.00 $2,936 —
880 880 1 350.00 $350.00 $3,080 —
906–946 933 12 332.00–338.00 $333.94 $3,116 +12.94
1014–1020 1015 11 320.00–323.00 $320.55 $3,254 +20.55
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1081 1081 6 294.00 $294.00 $3,178 —
1322–1327 1323 15 228.00–236.00 $229.60 $3,038 —
1443 1443 2 230.00 $230.00 $3,319 —
1475 1475 3 232.00 $232.00 $3,422 —
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
290 unweaned 290 4 505.00 $505.00 $1,464 —
715 715 2 355.00 $355.00 $2,538 —
780 780 1 361.00 $361.00 $2,816 —
880 880 2 333.00 $333.00 $2,930 —

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Feeder Heifers

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
725–739 738 10 358.00–358.50 $358.05 $2,642 —
776 776 15 356.00 $356.00 $2,763 —
861–873 867 57 325.00–334.00 $331.23 $2,872 +20.01
925–943 933 35 320.00–325.50 $322.63 $3,010 +18.83
938 938 11 314.00 $314.00 $2,945 +10.20
958–999 971 106 311.00–327.50 $322.29 $3,129 —
997 997 5 307.00 $307.00 $3,061 —
1005–1038 1028 18 304.00–313.00 $307.87 $3,165 —
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
726 726 6 345.00 $345.00 $2,505 —
778 778 4 320.00 $320.00 $2,490 —
783 783 5 336.00 $336.00 $2,631 —
807–835 812 12 315.00–330.50 $328.33 $2,666 —
865–888 881 14 307.00–323.50 $317.03 $2,793 —
925 925 2 306.00 $306.00 $2,830 +8.73
951 951 5 305.00 $305.00 $2,901 +11.51
1023 1023 2 280.00 $280.00 $2,864 —
Medium 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
650–676 670 48 363.00–367.00 $363.45 $2,435 —
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
915–935 925 2 308.00–321.00 $314.43 $2,908 —
1063–1074 1069 21 293.00–297.50 $295.31 $3,157 +23.31
Medium 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
565 565 5 350.00 $350.00 $1,978 +13.35

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Feeder Bulls

Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
363 unweaned 363 2 470.00 $470.00 $1,706 —
573 573 2 345.00 $345.00 $1,977 —
895 895 3 305.00 $305.00 $2,730 —
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1060 1060 1 302.50 $302.50 $3,206 —
1260 1260 1 241.00 $241.00 $3,037 +31.00
Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1070 1070 1 270.00 $270.00 $2,889 —

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Slaughter Cows

Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1340–1670 1438 80-85% 27 154.00–164.00 $158.20 $2,275 +0.04
1465 1465 80-85% 1 168.00 $168.00 $2,461 +12.62
1338–1925 1482 80-85% 9 135.00–148.00 $140.35 $2,080 -15.03
1255–1646 1487 80-85% 41 165.50–170.00 $168.03 $2,499 +12.65
1295–1800 1500 80-85% 8 144.00–155.00 $151.31 $2,270 —
1260–1740 1527 80-85% 5 152.00–158.00 $155.87 $2,380 —
Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1010 1010 85-90% 1 112.50 $112.50 $1,136 —
900–1220 1068 85-90% 4 155.00–162.50 $158.55 $1,693 —
1065–1218 1173 85-90% 4 168.00–170.00 $168.97 $1,982 —
1180 1180 85-90% 1 154.00 $154.00 $1,817 —
1125–1285 1225 85-90% 14 120.00–144.00 $132.35 $1,621 +17.35
1260–1591 1536 85-90% 6 151.00 $151.00 $2,319 —
Breaker ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1420–1740 1614 75-80% 4 162.00–166.50 $164.28 $2,651 —
1560–1825 1715 75-80% 4 161.00–168.00 $164.95 $2,829 —
1720 1720 75-80% 1 136.00 $136.00 $2,339 —
1675–1785 1730 75-80% 2 168.50–169.50 $168.98 $2,923 —
1645–1915 1766 75-80% 5 145.00–158.00 $150.12 $2,651 —
2020 2020 75-80% 1 150.00 $150.00 $3,030 -14.00

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Slaughter Bulls

YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1480–1965 1644 12 186.00–197.00 $190.09 $3,125 +2.55
1265–1983 1665 14 170.00–185.00 $180.33 $3,002 —
1660–2055 1868 15 176.00–185.00 $182.64 $3,412 —
1685–2235 1955 42 185.00–201.00 $192.37 $3,761 -15.21
2025–2445 2106 8 201.00–209.00 $204.64 $4,310 —
2505–2525 2515 2 190.00–194.00 $192.01 $4,829 —
YG2-3 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
2255–2270 2263 2 186.00–196.00 $191.02 $4,323 —
2340 2340 1 196.00 $196.00 $4,586 —

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Stock Cows

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
1010–1080 1035 (<2 yrs)Open 3 230.00–261.00 $243.72 $2,523
1088–1400 1171 Young (2-4 yrs)Open 7 185.00–215.00 $199.93 $2,341
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
1145 1145 Young (2-4 yrs)Open 1 174.00 $174.00 $1,992
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
945 945 (<2 yrs)Open 1 170.00 $170.00 $1,606

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Bred Cows

Medium and Large 1-2 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1293 1293 Middle Aged/Aged (>5 yrs)1st Stage (1-3 mo) 4 2,250.00 $2,250.00

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Dairy Cows

N/N/A ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1100 1100 85-90% 1 131.00 $131.00 $1,441 —
1325 1325 80-85% 1 128.00 $128.00 $1,696 —

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Reading this report

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.