Cattle Market Pulse

Public Auction Yards Livestock Cattle Auction Market Report

Billings, Montana · USDA-reported Auction Livestock

Sale of Wednesday, May 27, 2026

913 head sold ·Official USDA report

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

HeadThis saleLast saleLast year
Total receipts 913 2,267 1,288
Feeder cattle 133 66 286
Slaughter cattle 579 348 786
Replacement cattle 201 1,853 216

Compared to last week (5-20-26): Feeder cattle were scarcely traded last week and today. All offerings were too lightly tested to develop any market trend. Quality this week was mostly plain to average. Most offerings were in small packages or as singles, forcing buyers to piece together loads. Market activity was moderate with a small crowd on hand. Weigh up cows sold on mostly moderate to good demand. Demand was uneven at times with buyers in and out of the market throughout the day. Internet bidding was active early in the sale but slowed as buyers filled out loads. Feeding cows sold steady to 5.00 lower, with the bulk of sales 3.00-5.00 lower. Demand for a full load of fed cows was very good. No recent test was seen for fed cows so no comparisons can be made. Slaughter cows sold 2.00-5.00 lower on breaking cows. Boning and lean cows were too lightly tested to develop a full market trend, however steady to weak undertones were noticed. Slaughter bulls sold mostly 2.00-3.00 lower. Bull quality was average to attractive but not as attractive or as high yielding as last weeks offering. Demand for young cows suitable to feed or rebreed was lighter this week. Quality was mostly average. Young cows sold mostly 10.00-15.00 lower. Fewer takers were seen for this class of cattle this week.

New to these tables? Plain-English explainers ↓

Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
528 528 3 475.00 $475.00 $2,508
577–580 578 4 415.00–455.00 $425.04 $2,457
Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
653 653 5 419.00 $419.00 $2,736
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
720 720 4 360.00 $360.00 $2,592

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Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
605–635 625 8 370.00–385.00 $379.93 $2,375 +14.93
650–670 662 5 360.00–372.50 $369.03 $2,443
775–784 782 5 327.50–330.00 $329.50 $2,577
Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
485 unweaned 485 3 470.00 $470.00 $2,280
588 588 3 402.50 $402.50 $2,367 -22.50
675 675 4 380.00 $380.00 $2,565
735 735 5 365.00 $365.00 $2,683
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
519 519 4 405.00 $405.00 $2,102
558 558 3 375.00 $375.00 $2,092

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Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
700 700 1 360.00 $360.00 $2,520
815 815 1 332.50 $332.50 $2,710
940 940 3 315.00 $315.00 $2,961
1045 1045 3 275.00 $275.00 $2,874
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1115 1115 1 270.00 $270.00 $3,010
1155 1155 1 262.50 $262.50 $3,032
1256 1256 4 246.00 $246.00 $3,090
Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
715 715 3 370.00 $370.00 $2,646
988 988 2 327.50 $327.50 $3,236

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Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1220–1645 1380 80-85% 33 164.00–178.00 $170.60 $2,354 -15.21
1225–1568 1382 80-85% 92 174.00–189.00 $183.99 $2,543 -1.82
1235–1575 1409 80-85% 48 189.00–200.50 $192.62 $2,714 -4.14
1320–1608 1461 80-85% 15 153.00–169.00 $165.61 $2,420 +19.65
1460–1500 1480 80-85% 2 170.00–179.00 $174.44 $2,582 +28.48
Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
720–940 822 85-90% 3 125.00–140.00 $130.85 $1,076 -0.46
790–980 910 85-90% 3 151.00–165.00 $158.53 $1,443
840–1000 920 85-90% 2 85.00–105.00 $95.87 $882
1013–1045 1024 85-90% 3 120.00–125.00 $123.30 $1,263
970–1135 1044 85-90% 4 152.50–167.50 $160.60 $1,677
980–1282 1157 85-90% 19 155.00–171.00 $163.76 $1,895 -1.57
1118–1310 1173 85-90% 11 130.00–145.00 $138.77 $1,628 -26.56
1080–1295 1205 85-90% 36 172.50–188.00 $183.75 $2,214 -8.33
1120–1484 1352 85-90% 7 187.00–191.00 $188.11 $2,543
Breaker ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1465–1620 1555 75-80% 13 191.00–203.00 $194.70 $3,028 +1.23
1588 1588 75-80% 2 180.00 $180.00 $2,858 -13.47
1540–1630 1600 75-80% 6 182.00–187.00 $184.14 $2,946
1488–1875 1627 75-80% 10 169.50–178.00 $172.51 $2,807
1540–1913 1704 75-80% 7 166.00–170.00 $167.67 $2,857 -5.61
1385–2238 1743 75-80% 15 161.00–167.00 $164.43 $2,866
N/N/A ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1767 1767 65-75% 31 176.00 $176.00 $3,110

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YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1224–1910 1339 8 204.00–219.00 $211.12 $2,827
1337–2045 1668 39 215.00–223.00 $219.67 $3,664 -0.67
1845–2015 1930 2 192.50–205.00 $199.03 $3,841
1753–2280 1948 42 216.00–224.00 $222.06 $4,326
1845–2470 2098 39 224.00–244.00 $229.10 $4,807
2500 2500 1 236.00 $236.00 $5,900
2595 2595 1 211.00 $211.00 $5,475

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
825–1450 1095 (<2 yrs)Open 18 201.00–331.00 $261.86 $2,867
905–1430 1226 Young (2-4 yrs)Open 60 190.00–275.00 $215.91 $2,647
1268–1287 1281 Young/Middle Aged (2-8 yrs)Open 19 193.00–202.00 $195.81 $2,508
1353 1353 Middle Aged (5-8 yrs)Open 2 188.00 $188.00 $2,544
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
905–1240 1046 Young (2-4 yrs)Open 25 190.00–285.00 $234.59 $2,454
930–1173 1097 (<2 yrs)Open 5 231.00–295.00 $247.54 $2,716
Medium 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
755–880 818 (<2 yrs)Open 2 300.00–325.00 $311.54 $2,548
Medium 1-2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
815–880 848 (<2 yrs)Open 2 250.00 $250.00 $2,120
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
900–1085 993 Young (2-4 yrs)Open 2 197.50–220.00 $209.80 $2,083

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Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1205 1205 Young (2-4 yrs)2nd Stage (4-6 mo) 1 3,600.00 $3,600.00
1155–1370 1259 Young (2-4 yrs)3rd Stage (7-9 mo) 7 3,800.00–3,900.00 $3,852.18
1350 1350 Aged (>8 yrs)3rd Stage (7-9 mo) 1 3,200.00 $3,200.00
1415 1415 Middle Aged/Aged (>5 yrs)3rd Stage (7-9 mo) 1 3,450.00 $3,450.00
1540 1540 Middle Aged/Aged (>5 yrs)2nd Stage (4-6 mo) 1 2,950.00 $2,950.00
1640 1640 Aged (>8 yrs)2nd/3rd Stage (4-9 mo) 1 2,800.00 $2,800.00
1690 1690 Middle Aged (5-8 yrs)3rd Stage (7-9 mo) 1 3,550.00 $3,550.00
Medium and Large 1-2 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1195–1525 1338 Young (2-4 yrs)3rd Stage (7-9 mo) 4 3,500.00–3,750.00 $3,678.74

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Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1233 1233 Young (2-4 yrs)3rd Stage (7-9 mo) 4 3,650.00 $3,650.00

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Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $ Δ last sale
1520 1520 Aged (>8 yrs)Open 1 3,700.00 $3,700.00 -1,209.53

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N/N/A ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1795 1795 2 191.00 $191.00 $3,428

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N/N/A ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1490 1490 80-85% 1 155.00 $155.00 $2,310

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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.