Cattle Market Pulse

Public Auction Yards Livestock Cattle Auction Market Report

Billings, Montana · USDA-reported Auction Livestock

Sale of Wednesday, August 5, 2026

697 head sold ·Official USDA report

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

light 8-weight M&L 1 heifers $334.30/cwt ≈ $2,805/hd at 839 lb · 13 head
light 9-weight M&L 1 heifers $317.53/cwt ≈ $2,909/hd at 916 lb · 11 head
heavy 4-weight M&L 1 steers $444.89/cwt ≈ $2,122/hd at 477 lb · 11 head
HeadThis saleLast saleLast year
Total receipts 697 509 570
Feeder cattle 173 158 234
Slaughter cattle 445 250 295
Replacement cattle 79 101 41

Compared to last week (7-29-26): Feeder cattle were too lightly tested to develop any market trend. Quality this week was mostly average with a few attractive consignments of yearling heifers noticed. Most offerings were in small packages or as singles, making it difficult for buyers to piece together loads. Demand was mostly moderate to good for yearlings and light to moderate for calves. Demand for calves suffered as hot days forecasted for the days ahead. CME positions saw another day of rebounding prices as live cattle futures led the rally. All contracts through January 2027 saw contracts improve over 2.00 and contacts from March and later saw 1.00 gains. Market activity was moderate to active with a small crowd of feeder buyers on hand. Weigh up cows sold on mostly moderate demand. Demand for feeding cows was moderate this week. Canadian buyers were back in the market this week as they purchased cows to ship north to feed. American packers and Canadian feeders both showed moderate to good demand for cows suitable to feed. Feeding cows sold steady to 3.00 lower on a lower quality offering. Weigh up conditions were also below average as many full cows were noticed this week. Cow quality this week was mostly plain to average and lower than last week. Slaughter cow demand was slightly stronger this week as packers all showed need for cows for immediate harvest. Slaughter cows sold generally steady to firm on a lower yielding offering. Slaughter bulls sold mostly steady to 3.00 lower. Feeding bull demand was good to very good as buyers purchased thin fleshed bulls which had been out breeding to feed. Feeding bulls sold 2.00-5.00 higher. Young age cows were all too lightly tested to develop any market comparison. Quality was mostly plain to average. Many young cows were fleshy coming off grass, especially if they have not calved. Young cow quality this week was mostly plain to average.

New to these tables? Plain-English explainers ↓

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
235 unweaned 235 1 640.00 $640.00 $1,504
373 unweaned 373 4 525.00 $525.00 $1,958 +1.59
430–445 unweaned 438 10 460.00–485.00 $474.32 $2,078
458–488 unweaned 477 11 440.00–450.00 $444.89 $2,122
568 568 8 420.00 $420.00 $2,386
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
254 unweaned 254 4 540.00 $540.00 $1,372
310 unweaned 310 3 505.00 $505.00 $1,566
375 unweaned 375 3 465.00 $465.00 $1,744
454 unweaned 454 8 420.00 $420.00 $1,907
700–730 715 2 360.00–367.50 $363.83 $2,601 -6.17
760–787 780 4 344.00–355.00 $346.68 $2,704 -3.32

↑ Back to top

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
269–299 unweaned 284 8 471.00–495.00 $482.37 $1,370
367 unweaned 367 3 490.00 $490.00 $1,798 +45.00
419 unweaned 419 7 418.00 $418.00 $1,751
460 unweaned 460 1 375.00 $375.00 $1,725
530 unweaned 530 2 362.50 $362.50 $1,921
829–844 839 13 334.00–335.00 $334.30 $2,805
912–940 916 11 313.00–319.00 $317.53 $2,909
951 951 7 316.00 $316.00 $3,005 +26.00
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
382 unweaned 382 3 417.50 $417.50 $1,595
445 unweaned 445 2 390.00 $390.00 $1,736
507 unweaned 507 3 362.00 $362.00 $1,835
905 905 1 309.00 $309.00 $2,796 -3.01
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1052 1052 3 280.00 $280.00 $2,946 +2.00

↑ Back to top

Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1080 1080 2 260.00 $260.00 $2,808
1140 1140 1 265.00 $265.00 $3,021 +7.50
1175 1175 7 250.00 $250.00 $2,938 -10.00
Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
840 840 1 335.00 $335.00 $2,814
905 905 1 322.50 $322.50 $2,919
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
498 unweaned 498 2 380.00 $380.00 $1,892
Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1185 1185 1 235.00 $235.00 $2,785

↑ Back to top

Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1333–1465 1381 80-85% 9 126.00–147.00 $141.69 $1,957 -15.75
1230–1525 1397 80-85% 30 149.00–165.00 $160.46 $2,242 +3.02
1240–1490 1399 80-85% 34 150.00–166.00 $161.50 $2,259 +4.06
1260–1580 1412 80-85% 55 167.00–178.00 $172.94 $2,442 -11.92
1375–1470 1423 80-85% 2 170.00–172.00 $170.97 $2,433 +28.23
1470 1470 80-85% 1 117.50 $117.50 $1,727 -51.19
Breaker ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1374–1870 1479 75-80% 12 155.00–162.50 $160.34 $2,371
1525 1525 75-80% 1 145.00 $145.00 $2,211 -28.85
1495–1785 1577 75-80% 69 169.00–178.00 $176.42 $2,782 +13.50
1565–1685 1610 75-80% 3 177.00–181.00 $178.30 $2,871 -0.70
1555–1905 1698 75-80% 6 165.00–175.50 $170.85 $2,901
1440–1920 1709 75-80% 7 149.00–164.00 $157.52 $2,692 -3.79
2225 2225 75-80% 1 165.50 $165.50 $3,682
Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
840 840 85-90% 1 167.50 $167.50 $1,407
930 930 85-90% 1 135.00 $135.00 $1,256
1105–1145 1125 85-90% 3 165.00 $165.00 $1,856 +27.39
1105–1295 1156 85-90% 17 130.00–148.00 $141.24 $1,633 -10.46
1080–1285 1187 85-90% 20 155.00–167.50 $163.68 $1,943 +11.98
1055–1255 1190 85-90% 5 110.00–127.50 $122.83 $1,462 -28.87
1035–1288 1224 85-90% 16 149.00–161.00 $153.12 $1,874 -5.97

↑ Back to top

YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1250–2110 1730 18 187.50–201.00 $196.64 $3,402
1360–2305 1798 14 190.00–199.00 $194.14 $3,491
1440–2395 1845 13 202.00–212.00 $206.51 $3,810 +1.88
918–2350 1886 11 214.00–228.00 $217.61 $4,104
1510–2300 1949 36 199.50–212.00 $206.50 $4,025
YG2-3 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
2310 2310 1 198.00 $198.00 $4,574
2345 2345 1 205.00 $205.00 $4,807
2670 2670 1 205.00 $205.00 $5,474

↑ Back to top

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
1020–1110 1059 (<2 yrs)Open 5 266.00–287.50 $275.02 $2,912
1103–1435 1213 Young (2-4 yrs)Open 12 192.00–222.00 $202.39 $2,455
1360 1360 (<2 yrs)Open 1 202.00 $202.00 $2,747
1335–1468 1433 Young (2-4 yrs)Open 15 183.00–188.00 $184.24 $2,640
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
1100 1100 (<2 yrs)Open 1 190.00 $190.00 $2,090
980–1375 1234 Young (2-4 yrs)Open 6 182.00–230.00 $191.55 $2,364
Large 1 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
1405 1405 Young (2-4 yrs)Open 1 185.00 $185.00 $2,599
Medium 1-2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
885 885 (<2 yrs)Open 1 250.00 $250.00 $2,212

↑ Back to top

Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1240 1240 Young (2-4 yrs)3rd Stage (7-9 mo) 1 3,150.00 $3,150.00
1310 1310 Young (2-4 yrs)1st Stage (1-3 mo) 3 3,000.00 $3,000.00
Medium and Large 1-2 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1020 1020 Young (2-4 yrs)1st Stage (1-3 mo) 2 2,500.00 $2,500.00
1065–1155 1110 Young (2-4 yrs)3rd Stage (7-9 mo) 2 2,750.00 $2,750.00

↑ Back to top

Medium and Large 1-2 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $ Δ last sale
1278 1278 Young (2-4 yrs)Open 3 4,250.00 $4,250.00
1678 1678 Middle Aged/Aged (>5 yrs)Open 2 3,725.00 $3,725.00
1733 1733 Young/Middle Aged (2-8 yrs)Open 5 4,400.00 $4,400.00
Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $ Δ last sale
1680 1680 Middle Aged (5-8 yrs)Open 1 4,400.00 $4,400.00

↑ Back to top

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.