Cattle Market Pulse

Public Auction Yards Livestock Cattle Auction Market Report

Billings, Montana · USDA-reported Auction Livestock

Sale of Wednesday, March 11, 2026

992 head sold ·Official USDA report

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

light 7-weight M&L 1 heifers $340.00/cwt ≈ $2,519/hd at 741 lb · 14 head
heavy 9-weight M&L 1-2 bulls $290.00/cwt ≈ $2,822/hd at 973 lb · 12 head
light 6-weight M&L 1-2 heifers $358.50/cwt ≈ $2,294/hd at 640 lb · 12 head
HeadThis saleLast saleLast year
Total receipts 992 2,504 989
Feeder cattle 174 506
Slaughter cattle 495 520 322
Replacement cattle 323 1,984 161

Compared to last week (3-04-26): Feeder cattle were not well tested this week and not tested at all last week, thus no trend is available. Quality this week was mostly plain and offered in small packages or as singles. Demand was light to moderate as quality and light receipts made it difficult for buyers to piece together loads. Market activity was slow with a small crowd on hand for todays sale. Weigh up cows sold on good to very good demand again this week. Almost every cow purchased today was once again purchased to feed in some capacity. Feeding cows sold fully steady. Quality this week was average to attractive, however not as attractive as last weeks offering. Many sets of cows which had be started on feed sold this week. Demand from packers was mostly light for fleshy slaughter cows. Most of fed cows on offer were purchased to return to feed as most needed another 30-60 days to grade premium white. Canadian buyers were back in the market this week and they showed very good demand for feeding cows to ship north and feed. Weigh up conditions were mostly average to below average today and significantly lower than last weeks sale. Several sets of fed cows were pushing heavy amounts of fill. Cows with blemishes were also heavily purchased to feed this week as buyers pushed cow prices well over packer buyers orders for slaughter cows. Very few cows were purchased for immediate harvest as feeding cow demand held cow prices above slaughter cow orders. Slaughter cows were too lightly tested to develop an accurate market trend, however steady undertones were noticed. Slaughter bulls were too lightly tested to develop an accurate market trend, however steady to higher undertones were noticed. Feeding bull buyers were very aggressive in buying bulls to feed. This helped keep slaughter bull prices near steady as feeding and slaughter buyers bid over the same offerings. Demand for young cows remains very good. Young age offerings sold mostly steady. Quality this week was average to attractive, but not as attractive as last weeks, large, very attractive offering.

New to these tables? Plain-English explainers ↓

Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
298 298 4 590.00 $590.00 $1,758
488 488 3 520.00 $520.00 $2,538
595 595 1 420.00 $420.00 $2,499
605–610 607 6 410.00–420.00 $416.65 $2,529
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
250 250 2 510.00 $510.00 $1,275
388 388 2 495.00 $495.00 $1,921

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Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
432 432 5 485.00 $485.00 $2,095
450–460 455 2 470.00–480.00 $475.05 $2,161
512–540 523 5 420.00 $420.00 $2,197
630–637 634 5 395.00–396.00 $395.60 $2,508
644 644 7 332.00 $332.00 $2,138
743 743 2 320.00 $320.00 $2,378
Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
566 566 8 422.50 $422.50 $2,391
741 741 14 340.00 $340.00 $2,519
770 770 1 330.00 $330.00 $2,541
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
243 243 5 450.00 $450.00 $1,094
320 320 2 465.00 $465.00 $1,488
370 370 4 470.00 $470.00 $1,739
445 445 2 430.00 $430.00 $1,914
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
625 625 3 387.50 $387.50 $2,422
715 715 3 342.50 $342.50 $2,449

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Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
653–697 678 7 352.50–355.00 $354.29 $2,402
873 873 2 301.00 $301.00 $2,628
973 973 12 290.00 $290.00 $2,822
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
685 685 2 310.00 $310.00 $2,124
818 818 2 290.00 $290.00 $2,372

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Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1300 1300 80-85% 3 132.50 $132.50 $1,722 -31.97
1210–1515 1366 80-85% 12 184.00–196.00 $186.72 $2,551 +8.08
1110–1585 1381 80-85% 83 170.00–184.00 $179.71 $2,482 +1.07
1343–1535 1411 80-85% 7 148.00–166.00 $157.29 $2,219 -33.15
1330–1440 1438 80-85% 58 162.00–186.00 $183.68 $2,641 -6.76
1345–1770 1555 80-85% 4 148.00–162.00 $156.98 $2,441
Breaker ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1426–1615 1464 75-80% 5 182.00–184.00 $183.56 $2,687 -5.44
1465–1710 1610 75-80% 74 172.00–181.00 $176.63 $2,844 +2.54
1425–1815 1615 75-80% 13 162.00–172.00 $167.08 $2,698 -7.01
1600–1785 1701 75-80% 4 166.00–169.50 $167.37 $2,847 -5.63
1615–1835 1775 75-80% 8 159.00–165.00 $162.81 $2,890 -5.83
Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
970 970 85-90% 1 130.00 $130.00 $1,261
1030–1140 1093 85-90% 3 140.00–155.00 $145.21 $1,587
1025–1235 1102 85-90% 3 120.00–137.50 $127.40 $1,404 -2.08
1055–1230 1159 85-90% 17 145.00–165.00 $159.41 $1,848 +14.41
1170–1255 1203 85-90% 4 181.00–185.00 $183.26 $2,205 +8.74
1090–1256 1226 85-90% 64 168.00–180.00 $174.43 $2,139 -0.09

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YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1450–1550 1500 2 199.00–200.00 $199.52 $2,993
1170–1775 1505 9 165.00–194.00 $185.45 $2,791
1850 1850 1 196.00 $196.00 $3,626
1595–2325 1973 19 198.00–213.00 $210.72 $4,158
1890–2110 2003 4 215.00–217.00 $215.53 $4,317 +28.53

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
828–1005 900 (<2 yrs)Open 6 295.00–321.00 $306.05 $2,754
906–1415 1049 Young (2-4 yrs)Open 194 200.00–319.00 $275.07 $2,885
1080–1450 1212 Young/Middle Aged (2-8 yrs)Open 32 183.00–237.50 $187.32 $2,270
1276 1276 Young (2-4 yrs)Open 5 210.00 $210.00 $2,680
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
815–1125 986 (<2 yrs)Open 11 230.00–297.50 $268.58 $2,648
1090 1090 Young/Middle Aged (2-8 yrs)Open 2 187.50 $187.50 $2,044
935–1375 1111 Young (2-4 yrs)Open 15 177.50–255.00 $222.08 $2,467
Medium 1-2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
780–895 857 Young (2-4 yrs)Open 3 195.00–265.00 $216.25 $1,853
898 898 (<2 yrs)Open 2 260.00 $260.00 $2,335
Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
1013 1013 (<2 yrs)Open 3 308.00 $308.00 $3,120

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Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1182 thin fleshed 1182 Aged (>8 yrs)3rd Stage (7-9 mo) 5 2,900.00 $2,900.00
1193 1193 Young (2-4 yrs)2nd Stage (4-6 mo) 8 3,500.00 $3,500.00
1286 1286 Young (2-4 yrs)2nd/3rd Stage (4-9 mo) 5 4,000.00 $4,000.00
1345 1345 Middle Aged (5-8 yrs)2nd Stage (4-6 mo) 2 3,100.00 $3,100.00
1460 1460 Middle Aged/Aged (>5 yrs)2nd Stage (4-6 mo) 1 3,400.00 $3,400.00
1518 1518 Aged (>8 yrs)2nd Stage (4-6 mo) 2 2,700.00 $2,700.00
Medium and Large 1-2 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1143 thin fleshed 1143 Aged (>8 yrs)2nd/3rd Stage (4-9 mo) 4 2,100.00 $2,100.00
1445–1533 1515 Aged (>8 yrs)3rd Stage (7-9 mo) 6 2,850.00–2,900.00 $2,892.05

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Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1313 1313 (<2 yrs)2nd/3rd Stage (4-9 mo) 3 4,100.00 $4,100.00

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N/N/A ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1335 1335 85-90% 2 138.00 $138.00 $1,842
1388 1388 80-85% 2 139.00 $139.00 $1,929
1501 1501 85-90% 4 125.00 $125.00 $1,876

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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.