Sale reports / Montana / Billings Livestock Commission / 2023-11-02

Billings Livestock Commission

Feeder Cattle · Slaughter Cattle · Replacement Cattle · Billings, Montana · Thu, Nov 2
● Final105 lots reportedUSDA AMS · slug 1777
Feeder Cattle receipts
3,454 head
2,475 vs last sale 979 230 vs year ago 3,224 · +7.1%
Slaughter Cattle receipts
234 head
145 vs last sale 89 10 vs year ago 244 · 4.1%
Replacement Cattle receipts
85 head
60 vs last sale 145 175 vs year ago 260 · 67.3%
Also sold here(Mon)Thu Apr 16, 2026
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Reporter comment USDA

As filed

Compared to last week: Yearling steers and heifers were both too lightly tested either this week or last week to develop any market trend. The best test for steer calves was for 450-599 lbs which sold 10.00-15.00 higher in a narrow comparison; all other steer weights were too lightly tested to develop an accurate market trend, however higher undertones were noticed. The best test for heifer calves was for 500-549 lbs and these offerings sold mostly 15.00-20.00 higher; all other heifer calf weights were too lightly tested to develop an accurate market trend, however higher to sharply higher undertones were noticed. Quality today was mixed from plain to attractive. Demand for all offerings improved this week as both higher board positions and better weather allowed buyers to aggressively reenter the market. The November contract closed at 242.625, 6.125 higher than last Thursdays close. Demand was mostly good to very good for moderate offerings. Most calves were offered in small packages this week, with no load lots seen. Only 9 packages of 30 head or more were seen this week. Most packages were from 5 to 15 head and buyers picked through offerings to put together loads. Calves with preconditioning shots sold with the best demand. Buyers were willing to give modest premiums for calves with both spring and fall vaccinations, this led to wide price spreads at times. Pen and country conditions remain muddy as last weeks snow continues to melt and many calves were dirty as a result. Additionally, light rain fell off and on throughout the day. Market activity was mostly active today with a large crowd on hand of both farmer feeders and order buyers noted. Weigh up cows were all too lightly tested last week to develop an accurate trend, however steady undertones were noticed on both feeding and slaughter cows. Slaughter bulls were too lightly tested to develop any market trend. Weigh up conditions were mostly below average with most cows pushing heavy amounts of fill. Young age cows suitable to feed or rebreed sold on good demand today. Quality was mostly average to attractive. Young age cows sold steady in a narrow comparison.

Weight class

Steers · summary 0–100 lb

Weighted average of every reported lot
0–100 lb steers averaged $281.22/cwt on 1,666 head.
Average price
$281.22
1,666 head · 547 lb average
Value per head Derived
$1,537
Price × average weight ÷ 100
Grade differential Derived
$181
per head · Medium and Large 1 over Medium 2
$103.84/cwt at this weight
vs the market
2.39
vs MT average

What quality paid 0–100 lb

Frame and muscle grade
Frame / muscleAvg wt$/cwt$/headHead
Medium and Large 1557283.841,5801,212
Medium and Large 1-2505280.201,415362
Medium 1542273.751,48332
Large 1564265.251,49528
Large 1-2459252.501,1596thin
Medium 1-2590223.001,31616thin
Medium 2777180.001,39910thin
One grade step is worth $103.84/cwt here — about $181 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 sale1,666 hd
281.22
MT average4 barns · 2,843 hd
283.61
−2.39
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
BullsLow1,831101.171,85212
CowsBreaker 75-80%Low1,59695.381,5227thin
CowsBoner 80-85%Low1,38187.821,21356
CowsLean 85-90%Low1,18578.72933117

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)1,150$1,94412
Bred Cows2nd Stage (4-6 mo)Young/Middle Aged (2-8 yrs)1,222$1,7003thin

Every lot, as filed

105 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
HeifersMedium and Large 1Unweaned746225.34/cwt220.00–226.001,68118
HeifersMedium 1Unweaned465247.65/cwt227.50–257.001,15221
HeifersMedium 1Unweaned530220.00/cwt220.00–220.001,1664
SteersMedium 1-2590223.00/cwt223.00–223.001,31616
SteersMedium 2777180.00/cwt180.00–180.001,39910
HeifersLarge 1Unweaned597225.00/cwt225.00–225.001,3434
HeifersMedium and Large 1-2Unweaned688221.00/cwt221.00–221.001,5203
HeifersMedium and Large 1-2Unweaned466251.42/cwt230.00–266.501,17258
HeifersMedium and Large 1Unweaned323307.78/cwt302.50–310.0099421
SteersMedium and Large 1732241.00/cwt241.00–241.001,76418
SteersMedium 1666233.00/cwt233.00–233.001,55215
HeifersMedium and Large 1Unweaned424288.34/cwt280.00–305.001,22390
HeifersMedium and Large 1-2Unweaned294295.00/cwt295.00–295.008678
HeifersMedium and Large 1-2Unweaned588237.66/cwt224.00–243.001,39722
HeifersMedium and Large 1Unweaned483275.07/cwt273.00–281.001,32920
HeifersMedium and Large 1Unweaned516263.58/cwt257.00–271.001,360145
HeifersMedium and Large 1Unweaned624242.81/cwt239.00–247.001,51585
HeifersMedium and Large 1Unweaned568256.13/cwt245.00–265.001,45562
HeifersMedium and Large 1-21,003184.00/cwt184.00–184.001,8465
HeifersMedium and Large 1-2Unweaned385268.18/cwt255.00–273.001,03230
HeifersMedium and Large 2Unweaned340280.00/cwt280.00–280.009523
HeifersMedium and Large 1Unweaned376304.42/cwt300.00–313.001,14554
HeifersMedium and Large 1-2Unweaned530239.75/cwt231.00–256.001,27170
HeifersMedium and Large 2Unweaned433217.50/cwt217.50–217.5094212
HeifersMedium and Large 1878218.26/cwt215.00–222.501,9167
HeifersMedium and Large 1920214.50/cwt213.50–215.501,9736
HeifersMedium and Large 1-2777229.00/cwt229.00–229.001,7798
HeifersMedium and Large 1-2Unweaned417271.59/cwt255.00–275.001,13340
HeifersMedium and Large 1-2Unweaned742214.00/cwt214.00–214.001,5883
HeifersMedium and Large 1-2855213.00/cwt213.00–213.001,8211
HeifersMedium and Large 1Fancy668248.00/cwt248.00–248.001,6579
HeifersMedium and Large 1Fancy725237.50/cwt237.50–237.501,7226
HeifersMedium and Large 1Fancy611250.50/cwt250.50–250.501,53120
HeifersMedium and Large 2Unweaned384232.50/cwt232.50–232.508935
HeifersMedium and Large 1-2Unweaned623228.34/cwt220.00–233.001,42340
BullsMedium and Large 2Unweaned371247.50/cwt247.50–247.509184
HeifersMedium and Large 1Fancy557271.00/cwt271.00–271.001,50924
HeifersMedium and Large 1Fancy958217.25/cwt217.25–217.252,08155
HeifersMedium and Large 1Fancy523277.00/cwt277.00–277.001,44929
HeifersMedium and Large 1Unweaned280335.00/cwt335.00–335.009381
HeifersMedium and Large 1-21,078188.50/cwt188.50–188.502,0324
BullsMedium and Large 1Unweaned610230.00/cwt230.00–230.001,4035
BullsMedium and Large 1-2Unweaned505252.50/cwt252.50–252.501,27511
BullsMedium and Large 1-2Unweaned477245.00/cwt245.00–245.001,1699
BullsMedium and Large 1-2Unweaned570230.00/cwt230.00–230.001,3113
BullsMedium and Large 1Unweaned505270.00/cwt270.00–270.001,3642
BullsMedium and Large 1-2Unweaned443281.00/cwt281.00–281.001,2454
SteersMedium and Large 1Unweaned389342.29/cwt330.00–365.001,33264
SteersMedium and Large 1Unweaned622256.71/cwt248.00–263.001,597129
SteersMedium and Large 1Unweaned679247.26/cwt240.00–253.001,679119
SteersLarge 1Unweaned586250.00/cwt250.00–250.001,46516
SteersMedium and Large 1Unweaned478311.26/cwt279.00–324.001,488187
SteersMedium and Large 1-2Unweaned664236.25/cwt231.00–241.001,56935
SteersMedium and Large 1-2Unweaned479285.08/cwt272.00–300.001,36665
SteersMedium and Large 1-2Unweaned616237.62/cwt231.00–244.001,46466
SteersMedium and Large 1Unweaned525289.83/cwt280.00–305.001,522190
SteersMedium and Large 1Unweaned335365.00/cwt365.00–365.001,22311
SteersMedium and Large 1Unweaned419330.73/cwt326.00–338.001,38695
SteersMedium and Large 1-2Unweaned432311.74/cwt300.00–320.001,34750
SteersMedium and Large 1-2Unweaned584251.44/cwt238.00–263.001,46823
SteersMedium and Large 1-2Unweaned852216.00/cwt216.00–216.001,8403
SteersLarge 1Unweaned376315.00/cwt315.00–315.001,1848
SteersMedium and Large 1Unweaned570272.71/cwt265.00–284.501,554282
SteersMedium and Large 1-2Unweaned338343.57/cwt335.00–352.001,16126
SteersMedium 1Unweaned373325.00/cwt325.00–325.001,2129
SteersLarge 1Unweaned843226.00/cwt226.00–226.001,9051
SteersLarge 1Unweaned853227.00/cwt227.00–227.001,9363
SteersMedium and Large 1Unweaned771235.00/cwt235.00–235.001,81210
SteersMedium and Large 1Unweaned299367.50/cwt367.50–367.501,09911
SteersLarge 1-2Unweaned459252.50/cwt252.50–252.501,1596
SteersMedium and Large 1-2Full274327.50/cwt327.50–327.5089718
SteersMedium and Large 1882234.00/cwt234.00–234.002,06413
SteersMedium and Large 1782242.01/cwt239.50–247.001,89315
SteersMedium and Large 1-2Unweaned506277.14/cwt275.00–279.001,40229
SteersMedium and Large 1-2Unweaned362324.58/cwt322.50–332.501,17534
SteersMedium and Large 1Unweaned711245.45/cwt240.00–248.001,74544
HeifersMedium and Large 1Unweaned664236.85/cwt230.00–241.501,57316
HeifersMedium 1Unweaned343289.50/cwt289.50–289.509937
HeifersMedium and Large 1Unweaned763220.00/cwt219.00–221.001,6792
SteersMedium 1Unweaned499292.50/cwt292.50–292.501,4608
SteersMedium and Large 1-2Unweaned730233.22/cwt233.00–234.001,70313
SteersMedium and Large 1697239.50/cwt239.50–239.501,66924
Bred CowsMedium and Large 11,1501,944.48/head1,800.00–1,975.001,94412
Bred CowsMedium and Large 11,2221,700.00/head1,700.00–1,700.001,7003
Stock CowsMedium and Large 1926164.47/cwt152.50–171.001,52320
Stock CowsMedium and Large 11,049118.98/cwt102.00–152.501,24829
Stock CowsMedium and Large 1-21,36588.00/cwt88.00–88.001,2012
Stock CowsMedium and Large 1-21,044104.54/cwt101.00–122.501,0915
BullsReturn to Feed1,58495.11/cwt93.00–96.001,5073
Bulls1,85098.09/cwt92.00–101.001,8156
Bulls2,100119.00/cwt119.00–119.002,4991
CowsLean 85-90%Return to Feed1,15680.71/cwt78.50–82.5093324
CowsBoner 80-85%Return to Feed1,35784.05/cwt78.00–89.501,14131
CowsBreaker 75-80%Return to Feed1,59695.38/cwt89.50–103.001,5227
CowsLean 85-90%Return to Feed1,270104.00/cwt104.00–104.001,3211
CowsBoner 80-85%Return to Feed1,40498.50/cwt92.00–105.001,38316
CowsLean 85-90%Light Weight99084.00/cwt84.00–84.008321
CowsLean 85-90%Light Weight90074.31/cwt72.00–77.506693
CowsBoner 80-85%1,38882.91/cwt80.00–86.001,1518
CowsLean 85-90%1,19978.95/cwt76.00–84.0094761
Bulls2,008110.56/cwt110.00–111.002,2202
CowsBoner 80-85%1,71073.00/cwt73.00–73.001,2481
CowsLean 85-90%1,18670.78/cwt63.00–74.0083919
CowsLean 85-90%1,29988.00/cwt84.50–91.001,1436
CowsLean 85-90%Return to Feed1,25387.00/cwt85.00–89.001,0902

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.