Cattle Market Pulse

Public Auction Yards Livestock Cattle Auction Market Report

Billings, Montana · USDA-reported Auction Livestock

Sale of Wednesday, April 22, 2026

1,251 head sold ·Official USDA report

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

heavy 4-weight M&L 1-2 heifers $494.67/cwt +18.87 vs last sale · ≈ $2,389/hd at 483 lb · 62 head
heavy 4-weight M&L 2 steers $507.89/cwt ≈ $2,509/hd at 494 lb · 27 head
heavy 5-weight M&L 1 heifers $445.00/cwt -4.55 vs last sale · ≈ $2,510/hd at 564 lb · 26 head
HeadThis saleLast saleLast year
Total receipts 1,251 3,146 1,552
Feeder cattle 663 2,988 829
Slaughter cattle 376 125 431
Replacement cattle 212 33 292

Compared to last week (4-15-26): Feeder cattle too lightly tested to develop an accurate market trend, however steady to higher undertones were noticed. Todays feeder special was smaller than last weeks and cattle were mostly offered in small packages, with no load lots seen. Several packages of backgrounded offerings sold on very good demand. Many of these offerings were in light flesh and developed to be sold as cattle to turn out on grass. Demand was mostly good for light offerings. Quality this week was mostly plain to average and not as attractive as last weeks offering. A mix of order buyers and ranchers were in the stands this week bidding on offerings. Ranchers showed good demand for cattle suitable to turn out on summer pastures. Market activity was mostly active with rapid bidding seen on all offerings. 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 steady to 4.00 higher on breaking and boning fleshed cows. Lean feeding cows sold mostly 4.00-6.00 higher. Young and high yielding offerings sold with the best demand this week and sold with the largest price increase compared to last week. Quality this week was mostly average to attractive. Weigh up conditions were mostly average to above average this week with many offerings emptied out from being on green grass. Cows with blemishes were also heavily purchased to feed this week as buyers pushed cow prices well over packer buyers orders for slaughter cows. The volume of cows purchased for immediate harvest was very low. Slaughter cows were too lightly tested to develop any market trend. Slaughter bulls sold generally steady in a narrow comparison. Feeding bull buyers continue to show very good demand for light weight and lower dressing bulls that would improve on feed. Feeding bulls sold mostly steady in a narrow comparison. Bull quality this week was mostly attractive. Demand for young cows remains very good. Young age offerings sold mostly steady. Quality this week was average to attractive.

New to these tables? Plain-English explainers ↓

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
408 408 2 600.00 $600.00 $2,448 -25.17
600–648 638 5 451.00–460.00 $452.69 $2,888 -7.38
660–688 684 7 430.00 $430.00 $2,941 +49.00
700–733 714 21 401.00–418.00 $409.83 $2,926 -3.93
750 750 2 394.00 $394.00 $2,955 -7.80
793 793 16 359.00 $359.00 $2,847
805–849 838 17 360.00–372.00 $366.72 $3,073 +5.50
901–910 903 5 338.00–339.00 $338.80 $3,059 +4.32
1025 1025 2 312.50 $312.50 $3,203
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
493–499 494 27 490.00–512.00 $507.89 $2,509
605–633 610 18 400.00–410.00 $401.73 $2,451
760 760 1 340.00 $340.00 $2,584 +13.86
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
463–483 476 6 545.00–555.00 $548.24 $2,610 +42.76
512–545 526 12 480.00–505.00 $497.07 $2,615 +16.15
642 642 3 435.00 $435.00 $2,793 +12.38
660 660 2 420.00–427.50 $423.75 $2,797 +41.72
748 748 4 382.50 $382.50 $2,861 +5.05
790 790 5 372.00 $372.00 $2,939 +8.48
847 847 3 359.00 $359.00 $3,041
852 852 3 339.00 $339.00 $2,888 +8.67
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
698 698 2 412.50 $412.50 $2,879

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Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
362 362 3 550.00 $550.00 $1,991 +30.10
437–440 439 9 515.00–525.00 $521.67 $2,290 +11.25
450–488 483 62 494.00–502.50 $494.67 $2,389 +18.87
504–548 523 24 440.00–470.00 $460.35 $2,408 +9.66
560–590 583 13 392.50–430.00 $400.72 $2,336 +2.60
669–688 677 22 365.00–382.50 $374.01 $2,532 +9.33
787 787 3 332.50 $332.50 $2,617
Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
506–529 515 16 470.00–480.00 $476.18 $2,452 -26.25
554–566 564 26 445.00 $445.00 $2,510 -4.55
615–644 636 7 400.00 $400.00 $2,544 -10.56
809 809 17 348.00 $348.00 $2,815 +2.71
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
395 395 1 460.00 $460.00 $1,817 +15.12
436–445 438 5 470.00–490.00 $474.07 $2,076 +54.43
555 555 3 390.00 $390.00 $2,164 +10.00
640 640 3 370.00 $370.00 $2,368 +13.00
758–787 773 6 335.00–337.50 $336.23 $2,599 +50.27
Medium and Large 1 ($/head)
Weight (lb) Avg wt Head Price range Avg $ Δ last sale
85 85 2 1,000.00 $1,000.00

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
411 411 6 580.00 $580.00 $2,384
626 626 6 427.50 $427.50 $2,676 +26.94
657–665 658 6 410.00–412.50 $412.08 $2,711 +12.08
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
318–325 322 4 625.00–630.00 $627.53 $2,021
445 445 5 555.00 $555.00 $2,470
485 485 2 535.00 $535.00 $2,595 +87.26
675–679 678 6 387.50–390.00 $387.91 $2,630
865 865 1 322.50 $322.50 $2,790
Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1135 1135 2 270.00 $270.00 $3,064
1280 1280 2 230.00 $230.00 $2,944
Medium and Large 1 ($/head)
Weight (lb) Avg wt Head Price range Avg $ Δ last sale
83 83 3 1,000.00 $1,000.00
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1055 1055 2 285.00 $285.00 $3,007

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Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1200–1495 1365 80-85% 45 186.00–192.00 $188.85 $2,578 +29.49
1375 1375 80-85% 1 117.50 $117.50 $1,616 -41.86
1290–1600 1422 80-85% 33 152.00–174.00 $166.65 $2,370
1230–1650 1426 80-85% 66 176.00–185.00 $180.19 $2,570
1480–1535 1508 80-85% 2 153.00–163.00 $157.91 $2,381
Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
808–980 865 85-90% 3 130.00–135.00 $133.11 $1,151
890 890 85-90% 1 145.00 $145.00 $1,290
1045 1045 85-90% 1 112.50 $112.50 $1,176 -43.31
870–1282 1118 85-90% 31 150.00–170.00 $163.06 $1,823 -0.67
1002–1255 1155 85-90% 14 174.00–183.00 $179.27 $2,071 -9.23
1175 1175 85-90% 1 162.50 $162.50 $1,909 -26.00
1155–1285 1198 85-90% 4 122.50–135.00 $131.21 $1,572 -57.29
1120–1286 1222 85-90% 22 185.00–195.00 $188.72 $2,306
Breaker ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1515–1620 1553 75-80% 9 186.00–191.00 $188.15 $2,922
1605 1605 75-80% 1 180.00 $180.00 $2,889 +13.14
1500–1712 1633 75-80% 13 175.00–184.00 $178.55 $2,916 +11.69
1617–1740 1642 75-80% 9 176.00–178.00 $176.41 $2,897 +9.55
1550–2010 1686 75-80% 5 155.00–168.00 $164.34 $2,771 -4.18
1570–1815 1729 75-80% 8 159.00–173.00 $167.95 $2,904

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YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1250–1810 1478 10 184.00–209.00 $204.98 $3,030
1328–1905 1660 22 211.00–217.00 $212.74 $3,531 -0.89
1745 1745 1 185.00 $185.00 $3,228
1835 1835 1 233.00 $233.00 $4,276
1720–2310 1922 10 215.00–222.00 $219.11 $4,211
1805–2205 2024 5 225.00–237.00 $233.21 $4,720 +17.49
2570 2570 1 226.00 $226.00 $5,808

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
837–1300 1017 (<2 yrs)Open 52 230.00–345.00 $302.49 $3,076
914–1510 1158 Young (2-4 yrs)Open 60 180.00–320.00 $245.50 $2,843
1175–1560 1334 Young/Middle Aged (2-8 yrs)Open 8 185.00–245.00 $196.25 $2,618
1335–1425 1380 (<2 yrs)Open 2 211.00–235.00 $222.61 $3,072
1585 1585 Young (2-4 yrs)Open 1 176.00 $176.00 $2,790
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
1015 thin fleshed 1015 Young (2-4 yrs)Open 1 190.00 $190.00 $1,928
865–1160 1024 (<2 yrs)Open 7 225.00–310.00 $259.15 $2,654
945–1162 1089 Young (2-4 yrs)Open 26 200.00–302.00 $234.60 $2,555
Medium 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
715–895 843 (<2 yrs)Open 4 310.00–315.00 $312.61 $2,635
880 880 Young (2-4 yrs)Open 2 320.00 $320.00 $2,816
Medium 1-2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
888–910 892 Young (2-4 yrs)Open 5 255.00–265.00 $262.96 $2,346
Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
1140 1140 Young (2-4 yrs)Open 3 210.00 $210.00 $2,394

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Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1148–1365 1220 Young (2-4 yrs)2nd/3rd Stage (4-9 mo) 3 3,500.00–3,850.00 $3,630.50
1217–1476 1390 Young (2-4 yrs)3rd Stage (7-9 mo) 9 4,050.00–4,300.00 $4,227.02
1740 1740 Aged (>8 yrs)3rd Stage (7-9 mo) 2 3,400.00 $3,400.00
Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1320 1320 Young (2-4 yrs)3rd Stage (7-9 mo) 1 3,850.00 $3,850.00

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Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1298–1325 1307 (<2 yrs)3rd Stage (7-9 mo) 3 3,900.00–3,950.00 $3,916.90

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Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
752 752 5 337.50 $337.50 $2,538
839 839 21 328.00 $328.00 $2,752
Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
778 778 6 310.00 $310.00 $2,412
808 808 3 315.00 $315.00 $2,545

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Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
772 772 5 337.50 $337.50 $2,606
895 895 37 334.50 $334.50 $2,994

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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.