Sale reports / Montana / Billings Livestock Commission / 2026-01-15

Billings Livestock Commission

Feeder Cattle · Slaughter Cattle · Replacement Cattle · Billings, Montana · Thu, Jan 15
● Final121 lots reportedUSDA AMS · slug 1777
Feeder Cattle receipts
4,324 head
1,038 vs last sale 3,286 3,790 vs year ago 534 · +709.7%
Slaughter Cattle receipts
356 head
167 vs last sale 189 132 vs year ago 488 · 27.0%
Replacement Cattle receipts
99 head
11 vs last sale 110 190 vs year ago 289 · 65.7%
Also sold here(Mon)Thu Apr 16, 2026
View

Reporter comment USDA

As filed

Compared to last sale (1-08-26): Steer calves under 400 lbs were too lightly tested to develop an accurate market trend, however higher undertones were noticed. 400-599 lbs steers sold 8.00-15.00 higher, steers 600-699 lbs sold steady to firm, steer calves over 700 lbs sold mostly 5.00-10.00 higher. Heifer calves under 450 lbs were too lightly tested either this week or last to develop an accurate market trend, however steady undertones were noticed. Heifers 450-549 lbs sold mostly 15.00 higher, 550-649 lbs heifers sold steady to 5.00 higher, heifers over 650 lbs sold mostly 10.00 higher. Demand for all classes and weights of feeder cattle was good to very good on heavy offerings. Demand for cattle suitable to develop into yearlings was very good and saw the largest increase in price again this week. Demand for cattle too large to go to grass was very good as several order buyers buying for packers had orders for this weight of feeders. Demand increased as the sale progressed and remain good throughout the day and late into the evening. Demand for plain offerings was very good this week with more takers for this class of cattle. Demand for feeding heifers was very good with most offerings being purchased to feed. Quality this week was average to very attractive with many large consignments of home raised feeders on offer. Market activity was mostly active with a large buyer pool noticed. Weigh up cows sold on good demand for moderate offerings. Feeding cow demand was good to very good early in the sale buy moderated as buyers filled loads and exited the market. Feeding cows sold steady to 3.00 higher. Slaughter cows sold generally steady on all classes. Slaughter bulls were too lightly tested last week to develop an accurate market trend, however higher undertones were noticed. Weigh up conditions were mostly below average this sale with many full offerings noticed. Young age offerings suitable to feed or rebreed were too lightly tested to develop an accurate market trend, however lower undertones were noticed on a lower quality offering and fewer buyers in the stands.

Weight class

Steers · summary 500–600 lb

Weighted average of every reported lot
500–600 lb steers averaged $501.86/cwt on 650 head, up $17.69 from the prior sale. That ranks 16 of 21 comparable sales and sits +14.08 against this barn's trailing median of $487.78.
Average price
$501.86
17.69 vs prior sale
650 head · 542 lb average
Value per head Derived
$2,722
Price × average weight ÷ 100
Grade differential Derived
$610
per head · Large 1 over Medium 2
$135.32/cwt at this weight
vs the market
+5.91
vs MT average
+29.88 vs national

What quality paid 500–600 lb

Frame and muscle grade
Frame / muscleAvg wt$/cwt$/headHead
Large 1517515.322,66245
Medium and Large 1546503.812,750523
Medium and Large 1-2535487.322,60778
Medium 2540380.002,0524thin
One grade step is worth $135.32/cwt here — about $610 a head. Across this sale the premium is widest at 400–500 lb. USDA reports each grade on its own line and never publishes the spread.

This barn's trailing prices 500–600 lb

21 sales
540488436384median 487.7812/1802/0504/0205/1406/18
Steers 500–600 lb: high $525.97, low $398.08, median $487.78 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 sale650 hd
501.86
MT average2 barns · 1,058 hd
495.96
+5.91
National average187 barns · 29,067 hd
471.98
+29.88
This barn, trailing median21 sales
487.78
+14.08
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
BullsHigh1,946172.643,36026
CowsBreaker 75-80%Average1,606161.592,59533
CowsBoner 80-85%High1,361154.832,10795
CowsLean 85-90%Low1,100131.031,44249
Dairy CowsBreaker 75-80%Low1,823131.002,3886thin
Dairy CowsLean 85-90%Low1,425120.001,7101thin
Dairy CowsBoner 80-85%Low1,531114.001,7456thin

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 Cows2nd/3rd Stage (4-9 mo)Aged (>8 yrs)1,392$2,2505

Every lot, as filed

121 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 and Large 1-2400–450429576.28/cwt565.00–605.002,47223
SteersMedium and Large 1-2700–750720380.42/cwt375.00–385.002,73917
SteersMedium and Large 1550–600569486.67/cwt460.00–501.002,769276
SteersMedium and Large 1800–850810370.66/cwt369.00–371.003,00212
SteersMedium and Large 1350–400375671.85/cwt655.00–690.002,51917
SteersLarge 1450–500488572.50/cwt572.50–572.502,79422
SteersMedium and Large 1Fleshy800–850843347.00/cwt347.00–347.002,92522
SteersMedium and Large 1-2500–550519513.86/cwt462.50–531.002,66749
SteersMedium and Large 1400–450426611.38/cwt595.00–652.502,60435
SteersMedium and Large 2400–450428430.00/cwt430.00–430.001,8406
SteersMedium and Large 2600–650605365.00/cwt365.00–365.002,2082
SteersLarge 1Fleshy700–750735370.00/cwt370.00–370.002,7203
SteersLarge 1Fleshy850–900892338.00/cwt338.00–338.003,01524
SteersLarge 1900–950946321.00/cwt321.00–321.003,0375
SteersMedium and Large 1-2600–650631416.76/cwt410.00–432.002,63053
SteersLarge 1650–700695388.67/cwt388.00–390.002,70112
SteersMedium 2500–550540380.00/cwt380.00–380.002,0524
HeifersMedium and Large 1Unweaned450–500496450.00/cwt450.00–450.002,23222
HeifersMedium 1Unweaned550–600573412.50/cwt412.50–412.502,3644
HeifersMedium and Large 1-2Unweaned300–350303485.00/cwt485.00–485.001,4707
SteersMedium and Large 1-2650–700695391.24/cwt388.00–403.002,71974
HeifersMedium and Large 1Unweaned600–650626426.00/cwt426.00–426.002,6675
HeifersMedium and Large 1-2Unweaned450–500498425.00/cwt425.00–425.002,1175
HeifersMedium and Large 1750–800763350.00/cwt350.00–350.002,6716
HeifersMedium and Large 1350–400385534.15/cwt530.00–550.002,05640
HeifersLarge 1650–700670366.07/cwt363.00–367.002,4539
SteersLarge 1600–650640421.74/cwt418.00–424.002,6998
HeifersMedium and Large 1Unweaned500–550534472.50/cwt472.50–472.502,5237
HeifersMedium and Large 1Unweaned350–400376485.00/cwt485.00–485.001,82416
HeifersMedium and Large 1650–700667371.50/cwt368.00–391.002,478129
SteersMedium and Large 1-2350–400389606.06/cwt525.00–635.002,35821
SteersMedium and Large 1300–350306701.99/cwt700.00–710.002,1485
SteersMedium and Large 11000–10501,010312.00/cwt312.00–312.003,1515
SteersMedium and Large 1700–750718397.41/cwt387.00–411.002,85391
SteersMedium and Large 1250–300285740.00/cwt740.00–740.002,1091
SteersMedium and Large 1-2300–350332679.17/cwt660.00–685.002,2556
SteersMedium and Large 1-2550–600562442.47/cwt427.50–445.002,48729
SteersLarge 1500–550513519.06/cwt480.00–535.002,66343
SteersMedium and Large 1600–650617445.28/cwt429.00–458.002,747277
SteersMedium and Large 1Unweaned500–550527499.29/cwt497.50–500.002,63129
SteersMedium and Large 1750–800774381.02/cwt370.00–394.002,949162
SteersMedium and Large 1850–900882343.24/cwt340.50–347.003,02726
SteersMedium and Large 1-2450–500482535.80/cwt510.00–550.002,58318
SteersMedium and Large 1500–550519526.10/cwt500.00–550.002,730218
SteersMedium and Large 1Unweaned350–400379632.28/cwt630.00–635.002,39623
SteersMedium and Large 1Thin Fleshed450–500450630.00/cwt630.00–630.002,8353
SteersMedium and Large 1650–700668417.16/cwt405.00–430.002,787132
SteersLarge 1550–600595435.00/cwt435.00–435.002,5882
SteersMedium and Large 1450–500478578.40/cwt550.00–594.002,76598
SteersMedium and Large 1Unweaned600–650647407.00/cwt407.00–407.002,63310
SteersMedium and Large 1Unweaned400–450434605.00/cwt605.00–605.002,6266
SteersMedium and Large 1Unweaned650–700681404.00/cwt404.00–404.002,7518
SteersLarge 1750–800778367.00/cwt367.00–367.002,8553
SteersLarge 1800–850840355.00/cwt355.00–355.002,9822
BullsMedium and Large 1650–700661391.49/cwt385.00–397.502,58816
BullsMedium and Large 1750–800760367.94/cwt360.00–372.502,79611
BullsMedium and Large 1700–750728380.00/cwt380.00–380.002,7664
BullsMedium and Large 1900–950913316.00/cwt316.00–316.002,8852
BullsMedium and Large 1550–600586443.27/cwt420.00–455.002,59812
BullsMedium and Large 1950–1000963295.00/cwt295.00–295.002,8413
CowsBreaker 75-80%Return to Feed1,565163.01/cwt158.00–168.002,55115
CowsBoner 80-85%Return to Feed1,228173.00/cwt173.00–173.002,1242
CowsBoner 80-85%Return to Feed1,363163.40/cwt158.00–169.002,22751
CowsBoner 80-85%Return to Feed1,347150.11/cwt142.00–158.002,02230
CowsLean 85-90%Return to Feed1,084142.58/cwt130.00–152.001,54614
CowsLean 85-90%Light Weight86567.07/cwt60.00–70.005803
CowsLean 85-90%Light Weight882113.36/cwt110.00–115.001,0003
CowsLean 85-90%1,080132.15/cwt127.50–136.001,4275
CowsLean 85-90%1,138111.72/cwt103.00–120.001,2719
CowsLean 85-90%1,10380.06/cwt75.00–85.008832
CowsBreaker 75-80%1,631162.78/cwt161.00–168.002,65516
CowsBreaker 75-80%1,765129.00/cwt129.00–129.002,2771
Dairy CowsLean 85-90%1,425120.00/cwt120.00–120.001,7101
Dairy CowsBreaker 75-80%1,823131.00/cwt131.00–131.002,3886
CowsBoner 80-85%1,488115.69/cwt109.00–122.501,7214
CowsBoner 80-85%1,371132.92/cwt125.00–142.001,8228
CowsLean 85-90%1,125138.00/cwt138.00–138.001,5531
CowsBreaker 75-80%1,655154.00/cwt154.00–154.002,5491
Dairy CowsBoner 80-85%1,531114.00/cwt114.00–114.001,7456
Bulls2,162191.85/cwt189.00–197.504,1483
Bulls1,882161.18/cwt151.00–176.003,03311
Bulls1,974180.05/cwt176.00–184.003,5548
CowsLean 85-90%Return to Feed1,211159.89/cwt157.00–165.001,93612
Bulls2,255186.00/cwt186.00–186.004,1941
BullsReturn to Feed1,787171.24/cwt164.00–175.003,0603
Stock CowsMedium and Large 1Fleshy1,325180.00/cwt180.00–180.002,3851
Stock CowsMedium and Large 1-21,298170.00/cwt170.00–170.002,2079
Stock CowsMedium and Large 1991244.97/cwt210.00–290.002,42825
Stock CowsLarge 1899212.50/cwt212.50–212.501,91010
Stock CowsMedium and Large 1-21,051203.75/cwt165.00–225.002,14114
HeifersLarge 1-2500–550505395.00/cwt395.00–395.001,99523
HeifersMedium and Large 1400–450426520.32/cwt510.00–530.002,21727
HeifersMedium and Large 1Unweaned400–450430530.00/cwt530.00–530.002,2795
HeifersMedium and Large 1300–350321568.40/cwt565.00–575.001,8256
HeifersMedium and Large 1600–650617404.77/cwt387.50–411.002,497100
HeifersLarge 1-2400–450448425.00/cwt425.00–425.001,9048
HeifersMedium and Large 1-2750–800767347.00/cwt347.00–347.002,6618
HeifersMedium and Large 1-2350–400391512.68/cwt510.00–525.002,00530
HeifersLarge 1450–500479466.76/cwt450.00–480.002,23680
HeifersMedium and Large 1-2450–500477446.26/cwt430.00–467.502,12982
HeifersMedium and Large 1700–750715366.52/cwt363.00–371.002,62155
HeifersMedium and Large 2550–600560380.00/cwt380.00–380.002,1283
HeifersMedium and Large 1-2400–450424490.45/cwt442.50–505.002,08052
HeifersMedium and Large 1-2500–550529420.56/cwt402.50–435.002,22564
HeifersMedium and Large 1450–500475499.81/cwt485.00–506.002,37491
HeifersMedium and Large 1-2650–700668356.02/cwt342.00–370.002,37826
HeifersMedium and Large 1-2550–600579400.15/cwt390.00–410.002,31752
HeifersLarge 1Fleshy800–850839331.00/cwt331.00–331.002,7774
HeifersMedium and Large 1500–550533461.30/cwt440.00–490.002,459190
HeifersMedium and Large 2400–450443380.00/cwt380.00–380.001,6834
HeifersMedium and Large 1550–600575428.27/cwt412.00–440.002,463306
HeifersLarge 1500–550535420.00/cwt420.00–420.002,2472
HeifersMedium and Large 1-2600–650629381.64/cwt380.00–382.002,40111
BullsMedium and Large 1-2650–700676380.00/cwt380.00–380.002,5694
HeifersMedium and Large 1Fancy600–650606426.15/cwt426.00–427.502,58241
HeifersMedium and Large 2500–550544388.69/cwt380.00–390.002,11423
HeifersMedium and Large 2350–400385422.50/cwt422.50–422.501,6275
HeifersMedium and Large 1Fancy650–700656396.00/cwt396.00–396.002,59869
HeifersMedium and Large 1Fancy500–550509503.20/cwt500.00–504.002,56115
Stock CowsLarge 1-2948170.00/cwt170.00–170.001,6125
Bred CowsMedium and Large 1-2Broken Mouth1,3922,250.00/head2,250.00–2,250.002,2505

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.