Sale reports / Montana / Billings Livestock Commission / 2024-05-23

Billings Livestock Commission

Feeder Cattle · Slaughter Cattle · Replacement Cattle · Billings, Montana · Thu, May 23
● Final83 lots reportedUSDA AMS · slug 1777
Feeder Cattle receipts
391 head
74 vs last sale 317 928 vs year ago 1,319 · 70.4%
Slaughter Cattle receipts
453 head
258 vs last sale 711 224 vs year ago 229 · +97.8%
Replacement Cattle receipts
219 head
296 vs last sale 515 16 vs year ago 203 · +7.9%
Also sold here(Mon)Thu Apr 16, 2026
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Reporter comment USDA

As filed

Compared to last sale: Feeder cattle were too lightly tested to develop any market trend. Demand for feeders was mostly moderate to good despite light offerings. Quality was mostly plain to average today. Most feeders were offered in small packages or as singles. CME Feeder and live cattle contracts closed slightly lower today. Market activity was mostly moderate. Weigh up cows sold on good to very good demand for moderate offerings. Packers showed good demand for all cows on offer. Slaughter cows sold mostly steady on all cows on offer. Feeding cows sold steady boning and breaking flesh cows. Thin fleshed cows sold steady to weak with fewer buyers this week buying thin fleshed cows. Quality was mostly average to very attractive this week. Private feeding cow buyers were very aggressive again this week as the bid against packer buyers over high quality offerings. Packers purchased more cows to feed this week as they are starting to put cows away for the 4th of July holiday. Weigh up conditions were mostly average to above average as many cows which were out on grass were very empty come sale time. Slaughter bulls sold unevenly steady. Bull quality was mostly attractive today. Young age cows suitable to feed or rebreed sold generally steady. Quality was mostly attractive to very attractive this week. Demand was mostly good to very good with the best demand seen for cows which lost calves.

Weight class

Heifers · summary 500–600 lb

Weighted average of every reported lot
500–600 lb heifers averaged $230.14/cwt on 21 head. That ranks 1 of 21 comparable sales and sits 203.72 against this barn's trailing median of $433.86.
Average price
$230.14
21 head · 549 lb average
Value per head Derived
$1,264
Price × average weight ÷ 100
Grade differential Derived
$721
per head · Medium and Large 1-2 over Medium 2
$133.88/cwt at this weight
vs the market
23.10
vs MT average
46.32 vs national

What quality paid 500–600 lb

Frame and muscle grade
Frame / muscleAvg wt$/cwt$/headHead
Medium and Large 1-2545283.881,5479thin
Medium and Large 2553248.001,3713thin
Medium 1-2558242.001,3502thin
Medium 2551150.008277thin
One grade step is worth $133.88/cwt here — about $721 a head. Across this sale the premium is widest at 500–600 lb. USDA reports each grade on its own line and never publishes the spread.

This barn's trailing prices 500–600 lb

21 sales
483428373319median 433.8612/1802/0504/0905/2108/13
Heifers 500–600 lb: high $469.35, low $332.50, median $433.86 across 21 sales. Sales under 10 head in this class are excluded, so a thin day cannot swing the median or the ranking.

How it compared 500–600 lb

Same class and week · spot auction only
This sale21 hd
230.14
MT average2 barns · 33 hd
253.24
−23.10
National average163 barns · 12,702 hd
276.46
−46.32
This barn, trailing median21 sales
433.86
−203.72
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
BullsAverage1,789154.122,75765
CowsBreaker 75-80%Low1,635139.892,28723
CowsBoner 80-85%Average1,438137.141,971211
CowsLean 85-90%Low1,202124.471,496137
Dairy BullsLow920110.001,0121thin

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 Cows3rd Stage (7-9 mo)Young (2-4 yrs)1,350$2,3443thin
Bred Cows3rd Stage (7-9 mo)Young/Middle Aged (2-8 yrs)1,360$2,2502thin
Bred Heifers3rd Stage (7-9 mo)(<2 yrs)1,138$2,2532thin

Every lot, as filed

83 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
Bred CowsMedium and Large 11,3502,343.84/head2,250.00–2,385.002,3443
Bred CowsMedium and Large 11,3602,250.00/head2,250.00–2,250.002,2502
Stock CowsMedium and Large 11,076173.82/cwt137.00–224.001,87056
Stock CowsMedium and Large 1Thin Fleshed904175.66/cwt171.00–180.001,58829
BullsMedium and Large 1950–1000980216.50/cwt215.00–218.002,1222
SteersMedium and Large 1650–700662286.68/cwt280.00–300.001,8986
HeifersMedium and Large 1-2Fleshy900–950948200.00/cwt200.00–200.001,8962
SteersMedium and Large 1500–550524341.00/cwt341.00–341.001,7874
SteersMedium and Large 1750–800767257.00/cwt257.00–257.001,97110
HeifersMedium and Large 1700–750738247.50/cwt247.50–247.501,82719
SteersMedium and Large 1950–1000998225.00/cwt225.00–225.002,2463
Bred HeifersMedium and Large 11,1382,252.69/head2,150.00–2,325.002,2532
SteersMedium and Large 1-2450–500459334.00/cwt334.00–334.001,5337
Stock CowsMedium and Large 1996201.36/cwt156.00–232.002,00651
SteersMedium and Large 1550–600586332.00/cwt332.00–332.001,94630
BullsMedium and Large 1-2650–700664247.50/cwt247.50–247.501,6434
BullsMedium and Large 1-2550–600566272.53/cwt270.00–277.501,5436
BullsMedium and Large 1-2800–850813232.50/cwt232.50–232.501,8904
SteersMedium and Large 1-2750–800779251.00/cwt251.00–251.001,9555
HeifersMedium and Large 1600–650618279.00/cwt279.00–279.001,7246
SteersMedium and Large 1-2500–550513302.92/cwt291.00–325.001,5543
HeifersMedium and Large 1-2350–400350311.00/cwt311.00–311.001,0894
SteersMedium and Large 1-2550–600565296.41/cwt292.00–310.001,6756
HeifersMedium and Large 1-2700–750738238.00/cwt238.00–238.001,7566
SteersMedium and Large 2800–850817222.50/cwt222.50–222.501,8183
Stock CowsMedium and Large 1-21,077149.89/cwt132.00–181.001,6149
BullsMedium and Large 1-2350–400350340.00/cwt340.00–340.001,1902
SteersMedium and Large 1-2650–700665260.00/cwt260.00–260.001,7291
HeifersMedium and Large 1-2500–550521294.57/cwt287.50–296.001,5356
HeifersMedium and Large 1-2600–650626259.97/cwt259.00–269.001,62710
HeifersMedium and Large 1-2900–950907216.00/cwt216.00–216.001,95919
HeifersMedium and Large 1-2550–600593262.50/cwt262.50–262.501,5573
Stock CowsMedium and Large 1-2888189.73/cwt182.00–200.001,6856
HeifersMedium and Large 1-2750–800767239.00/cwt239.00–239.001,8333
HeifersMedium and Large 1-2450–500478292.50/cwt292.50–292.501,3984
Bulls1,740144.00/cwt144.00–144.002,5061
BullsReturn to Feed1,525141.41/cwt138.00–143.002,1577
Bulls1,568135.48/cwt127.00–141.002,1246
Bulls2,020163.60/cwt160.00–169.003,30522
BullsLight Weight1,320135.00/cwt135.00–135.001,7821
BullsReturn to Feed1,323148.26/cwt145.00–151.001,9615
CowsLean 85-90%Light Weight935111.77/cwt107.50–116.001,0452
CowsLean 85-90%Light Weight980134.00/cwt134.00–134.001,3131
CowsLean 85-90%Return to Feed1,230128.80/cwt124.00–133.001,58462
CowsLean 85-90%Return to Feed1,260136.01/cwt134.50–142.001,71411
CowsBreaker 75-80%1,909135.74/cwt135.00–136.002,5914
CowsBreaker 75-80%1,658143.47/cwt142.50–145.502,3793
CowsLean 85-90%1,131115.43/cwt104.00–121.001,30626
CowsBreaker 75-80%Return to Feed1,530132.00/cwt132.00–132.002,0201
CowsBoner 80-85%1,452132.97/cwt127.00–139.001,93130
CowsBreaker 75-80%Return to Feed1,675146.00/cwt146.00–146.002,4461
CowsLean 85-90%1,248136.13/cwt133.00–139.001,6992
CowsLean 85-90%1,211126.87/cwt121.00–132.001,53614
CowsBoner 80-85%Return to Feed1,454141.92/cwt140.00–145.502,06486
CowsBoner 80-85%1,574122.61/cwt117.00–125.001,9304
Bulls1,797156.25/cwt148.00–160.002,80822
CowsLean 85-90%Return to Feed1,216119.26/cwt111.00–123.001,45016
CowsBreaker 75-80%1,567139.41/cwt138.00–141.002,18510
CowsLean 85-90%1,13085.00/cwt85.00–85.009613
Dairy BullsLight Weight920110.00/cwt110.00–110.001,0121
CowsBreaker 75-80%Return to Feed1,530143.00/cwt143.00–143.002,1884
BullsHeavy Weight2,565158.00/cwt158.00–158.004,0531
CowsBoner 80-85%1,572142.36/cwt140.00–146.502,2383
CowsBoner 80-85%Return to Feed1,349126.04/cwt125.00–127.001,70010
CowsBoner 80-85%Return to Feed1,413135.45/cwt129.00–140.001,91478
SteersMedium 2750–800752181.00/cwt181.00–181.001,3613
BullsLarge 11250–13001,280172.50/cwt172.50–172.502,2081
BullsLarge 11100–11501,100204.00/cwt204.00–204.002,2442
BullsLarge 11200–12501,205187.50/cwt187.50–187.502,2591
Stock CowsLarge 11,300142.00/cwt142.00–142.001,8461
SteersLarge 2450–500498182.50/cwt182.50–182.509098
Stock CowsMedium 1Thin Fleshed793160.00/cwt160.00–160.001,2692
Stock CowsMedium 1-2959130.00/cwt130.00–130.001,2476
HeifersMedium 1-2550–600558242.00/cwt242.00–242.001,3502
Stock CowsMedium 1-2910155.00/cwt155.00–155.001,4111
HeifersMedium 2450–500480185.00/cwt185.00–185.008883
HeifersMedium 2550–600551150.00/cwt150.00–150.008277
HeifersMedium and Large 2400–450431297.50/cwt297.50–297.501,2826
HeifersMedium and Large 1-2650–700681250.92/cwt242.00–260.501,70921
HeifersMedium and Large 1-2850–900865217.50/cwt217.50–217.501,8811
HeifersMedium and Large 2550–600553248.00/cwt248.00–248.001,3713
HeifersMedium and Large 2750–800786221.00/cwt221.00–221.001,73713
HeifersMedium and Large 2600–650640227.50/cwt227.50–227.501,4566

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.