Sale reports / Montana / Billings Livestock Commission / 2023-09-28

Billings Livestock Commission

Feeder Cattle · Slaughter Cattle · Replacement Cattle · Billings, Montana · Thu, Sep 28
● Final113 lots reportedUSDA AMS · slug 1777
Feeder Cattle receipts
2,312 head
2,070 vs last sale 242 1,471 vs year ago 3,783 · 38.9%
Slaughter Cattle receipts
347 head
74 vs last sale 273 347 vs year ago 0 · no sale a year ago
Replacement Cattle receipts
122 head
52 vs last sale 70 122 vs year ago 0 · no sale a year ago
Also sold here(Mon)Thu Apr 16, 2026
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Reporter comment USDA

As filed

Compared to last week: Receipts were too light last week to make any market comparisons on calves or yearlings. Demand for all feeder offerings was mostly moderate to good. Quality this week was mixed. Load lots sold on very good demand along with large packages. Small packages and singles sold with lighter demand this week. Most calves were offered in small packages this sale. Several sets of home raised yearlings were seen this week. CME positions rebounded slightly today after being down sharply earlier in the week. The October traded 2.475 higher and the November 2.875 higher to close at 254.725 and 257.675 respectfully. Demand for light weight yearlings is very good as buyers look to late spring to market these as fed cattle. Market activity was mostly active this week. Weigh up cows sold on mostly moderate to good demand for light offerings. Packers showed very good demand for feeding cows again today. Feeding cows sold mostly steady to firm. Slaughter cows sold generally steady on all offerings. Cow quality today was mixed from plain to attractive. Slaughter bulls sold generally steady in a narrow comparison. Weigh up conditions were mixed with some cows and bulls offering buyers good weigh conditions, while others were pushing fill. Young age cows suitable to feed or rebreed sold on very good demand today as rebreed buyers and feeding buyers both competed over offerings. Young age cows were too lightly tested last week to develop any market trend. Quality this week was mostly average to attractive.

Weight class

Heifers · summary 0–100 lb

Weighted average of every reported lot
0–100 lb heifers averaged $243.78/cwt on 996 head.
Average price
$243.78
996 head · 740 lb average
Value per head Derived
$1,803
Price × average weight ÷ 100
Grade differential Derived
−$1,209
per head · Medium and Large 2 over Large 1
$27.91/cwt at this weight
vs the market
2.28
vs MT average

What quality paid 0–100 lb

Frame and muscle grade
Frame / muscleAvg wt$/cwt$/headHead
Medium and Large 2298251.4175022
Medium and Large 1762246.611,878680
Medium 1735242.651,78334
Medium 1-2678241.301,63620
Medium and Large 1-2701237.171,664209
Large 1877223.501,95931
One grade step is worth $27.91/cwt here — about −$1,209 a head. Across this sale the premium is widest at 0–100 lb. USDA reports each grade on its own line and never publishes the spread.

How it compared 0–100 lb

Same class and week · spot auction only
This sale996 hd
243.78
MT average3 barns · 1,558 hd
246.05
−2.28
A barn can sit above the state average at one weight and below it at another — check the class you actually sell.

Slaughter cattle

By class and quality grade · $/cwt
Cull cows and bulls are graded, not weight-classed — grade is what moves the money here.
ClassGradeDressingAvg wt$/cwt$/headHead
BullsLow1,715112.611,93163
CowsBreaker 75-80%High1,750109.651,91913
CowsBoner 80-85%Low1,397102.871,43794
CowsLean 85-90%Average1,15294.071,08472

Replacement cattle Per head

By class, stage and age
Bred stock and pairs are reported per head, not per hundredweight — these prices are never mixed with the $/cwt figures above.
ClassStageAgeAvg wt$/headHead
Bred Cows1st Stage (1-3 mo)Young (2-4 yrs)1,324$1,9005
Bred Cows1st Stage (1-3 mo)Middle Aged/Aged (>5 yrs)1,276$1,3006

Every lot, as filed

113 lots · USDA AMS · Billings Livestock Commission Cattle Auction - Billings, MT (Thu)
Nothing removed and nothing rounded — the same lots as the USDA report, with per-head values added.
ClassGrade / descriptionWeightAvg wtPriceRangePer headHead
SteersMedium 1678255.00/cwt255.00–255.001,7296
CowsBoner 80-85%Return to Feed1,38394.54/cwt92.00–97.001,3072
SteersMedium 1749259.00/cwt259.00–259.001,9406
HeifersMedium and Large 1-2Unweaned550232.00/cwt232.00–232.001,2764
SteersMedium and Large 1625276.00/cwt276.00–276.001,7255
SteersMedium and Large 1-2781252.17/cwt248.00–253.001,96938
SteersMedium and Large 1876240.68/cwt237.00–247.002,10827
SteersMedium and Large 1909238.48/cwt238.00–239.002,16829
SteersMedium 1630269.75/cwt260.00–276.001,69923
HeifersMedium and Large 1Unweaned673242.50/cwt242.50–242.501,6324
SteersMedium and Large 2778237.00/cwt237.00–237.001,8444
SteersMedium 1-2647241.00/cwt241.00–241.001,55910
SteersMedium and Large 1-21,065218.50/cwt218.50–218.502,3272
SteersMedium and Large 1983233.00/cwt233.00–233.002,2902
SteersMedium and Large 1-2832245.75/cwt239.00–249.502,04523
HeifersMedium and Large 1-2Unweaned387259.67/cwt246.00–262.001,00525
SteersMedium 1753240.00/cwt240.00–240.001,8078
SteersMedium 1570270.67/cwt267.50–282.501,54314
SteersLarge 11,143205.00/cwt205.00–205.002,3432
SteersMedium and Large 2741243.50/cwt243.50–243.501,8044
SteersMedium and Large 1-2914232.00/cwt232.00–232.002,12011
HeifersMedium and Large 1787248.91/cwt238.50–253.001,95995
HeifersMedium and Large 1Unweaned518264.56/cwt259.00–272.001,37041
HeifersMedium and Large 1-2Unweaned473240.00/cwt240.00–240.001,13513
HeifersMedium and Large 1Unweaned377300.00/cwt300.00–300.001,1316
HeifersMedium and Large 1Unweaned576254.71/cwt250.00–258.001,46720
HeifersMedium and Large 1Unweaned410281.75/cwt275.00–300.001,15530
HeifersMedium and Large 1975220.12/cwt217.00–222.502,14628
HeifersMedium and Large 1Unweaned621247.83/cwt245.00–257.001,53917
SteersMedium and Large 1658278.00/cwt278.00–278.001,82923
SteersMedium and Large 1806252.22/cwt250.00–257.002,03377
SteersMedium and Large 1770265.76/cwt259.50–268.002,04672
SteersMedium and Large 1-2734256.35/cwt255.50–258.001,88212
SteersMedium and Large 1Unweaned633267.40/cwt254.00–277.001,69343
SteersMedium and Large 1Unweaned421328.09/cwt325.00–335.001,38124
SteersMedium and Large 1Unweaned478319.40/cwt298.00–327.001,52741
SteersMedium and Large 1Thin Fleshed589281.00/cwt281.00–281.001,65544
SteersMedium 1Thin Fleshed548277.00/cwt277.00–277.001,51813
SteersMedium and Large 11,068221.00/cwt221.00–221.002,3604
SteersMedium and Large 1-2Unweaned655239.00/cwt239.00–239.001,5653
SteersMedium and Large 1-2Unweaned590266.00/cwt266.00–266.001,5691
SteersMedium and Large 1Unweaned519298.76/cwt294.00–306.001,55127
SteersMedium and Large 1-2Unweaned379332.00/cwt332.00–332.001,25819
SteersMedium and Large 1-2Unweaned477293.89/cwt282.50–297.501,4028
SteersMedium and Large 1710273.68/cwt273.00–275.001,94354
SteersLarge 1Unweaned552240.00/cwt240.00–240.001,3253
SteersMedium and Large 1-2Unweaned434316.50/cwt316.50–316.501,37422
SteersMedium and Large 1Unweaned325351.00/cwt351.00–351.001,14110
SteersMedium and Large 1Unweaned683265.00/cwt265.00–265.001,8106
SteersMedium and Large 1-2Unweaned537278.02/cwt262.50–290.001,49330
SteersMedium and Large 1Unweaned565284.86/cwt276.00–289.001,60922
HeifersLarge 11,155194.88/cwt193.00–196.002,2514
BullsMedium and Large 1-2925211.00/cwt211.00–211.001,9521
BullsMedium and Large 1-2Unweaned430250.00/cwt250.00–250.001,07510
BullsMedium and Large 1-2Unweaned367292.50/cwt292.50–292.501,07313
BullsMedium and Large 1-2Unweaned251262.50/cwt262.50–262.5065914
BullsMedium and Large 1Unweaned653225.00/cwt225.00–225.001,4693
BullsLight Weight1,20087.00/cwt87.00–87.001,0441
CowsBoner 80-85%1,408104.08/cwt100.50–108.001,4654
CowsBoner 80-85%Return to Feed1,410104.10/cwt100.00–114.001,46848
CowsLean 85-90%Return to Feed1,218101.60/cwt99.00–102.001,2376
CowsLean 85-90%Return to Feed1,07993.87/cwt92.50–96.001,0137
CowsBreaker 75-80%Return to Feed1,629115.33/cwt114.00–116.001,8793
CowsBreaker 75-80%1,720115.74/cwt115.50–116.001,9912
CowsLean 85-90%Light Weight89567.00/cwt67.00–67.006001
CowsLean 85-90%Light Weight89884.02/cwt80.00–88.007548
CowsBreaker 75-80%1,786107.00/cwt107.00–107.001,9114
CowsBoner 80-85%1,35095.68/cwt93.00–99.501,29228
CowsBreaker 75-80%1,820105.00/cwt105.00–105.001,9114
CowsBoner 80-85%1,490114.00/cwt114.00–114.001,6991
CowsLean 85-90%1,27598.84/cwt97.50–102.501,26024
CowsLean 85-90%1,13192.13/cwt77.00–96.501,04226
CowsBoner 80-85%Return to Feed1,452115.83/cwt113.00–118.001,68211
Bulls1,675108.02/cwt105.00–110.001,8098
Bulls2,018124.71/cwt123.50–126.002,5172
Bulls1,865114.51/cwt111.00–121.002,13626
BullsReturn to Feed1,602115.36/cwt113.00–119.001,84813
BullsReturn to Feed1,546108.97/cwt103.50–111.001,68513
Stock CowsMedium and Large 11,025158.94/cwt109.00–182.001,62959
Stock CowsLarge 11,040114.50/cwt114.50–114.501,1911
Stock CowsMedium and Large 11,130124.84/cwt112.00–153.001,41130
Stock CowsMedium and Large 1-21,050120.70/cwt112.00–129.001,2672
Stock CowsMedium and Large 1Thin Fleshed915154.96/cwt146.00–160.001,4184
Bred CowsMedium and Large 11,2761,300.00/head1,300.00–1,300.001,3006
HeifersMedium and Large 1Unweaned483284.84/cwt282.00–286.001,37626
HeifersMedium and Large 1-2Unweaned523244.00/cwt244.00–244.001,27612
HeifersMedium and Large 1-2Unweaned323300.00/cwt300.00–300.009693
HeifersMedium and Large 1Unweaned305320.00/cwt320.00–320.009761
HeifersMedium 1-2678241.30/cwt239.00–247.001,63620
HeifersMedium and Large 1Thin Fleshed760258.50/cwt258.50–258.501,96518
HeifersLarge 1Unweaned573245.00/cwt245.00–245.001,4043
HeifersMedium and Large 2Unweaned272251.00/cwt251.00–251.0068313
HeifersMedium and Large 2Unweaned336252.00/cwt252.00–252.008479
HeifersMedium and Large 1-2Unweaned433262.00/cwt262.00–262.001,1344
HeifersMedium and Large 1-2919219.00/cwt219.00–219.002,01317
HeifersMedium and Large 1875230.80/cwt223.50–232.502,02088
HeifersMedium and Large 1Thin Fleshed686269.50/cwt269.50–269.501,84940
HeifersMedium 1756240.00/cwt240.00–240.001,81428
HeifersLarge 1843225.00/cwt225.00–225.001,89710
HeifersMedium 1623251.00/cwt251.00–251.001,5644
HeifersMedium and Large 1-2995216.00/cwt216.00–216.002,1492
HeifersMedium and Large 11,050212.50/cwt212.50–212.502,2314
HeifersMedium and Large 1921224.29/cwt220.50–226.002,06686
HeifersLarge 1886226.00/cwt225.00–228.502,00214
HeifersMedium and Large 1828234.73/cwt233.50–235.001,94422
HeifersMedium and Large 11,024218.30/cwt216.50–219.502,23535
HeifersMedium 1665263.00/cwt263.00–263.001,7492
HeifersMedium and Large 1729252.92/cwt249.50–260.001,844119
HeifersMedium and Large 1-2741243.89/cwt242.50–245.001,80739
HeifersMedium and Large 1-2884224.39/cwt224.00–226.001,98415
HeifersMedium and Large 1-2793229.17/cwt225.00–238.001,81739
HeifersMedium and Large 1-2803227.29/cwt227.00–232.001,82536
Bred CowsMedium and Large 11,3241,900.00/head1,900.00–1,900.001,9005

How this sale compares

Montana weighted averages
One sale is one barn on one day. The state ladder is every Montana auction USDA reported that week, weighted by head — the fairer test of whether a lot sold well.