Sale reports / Montana / Billings Livestock Commission / 2026-01-22

Billings Livestock Commission

Feeder Cattle · Slaughter Cattle · Replacement Cattle · Billings, Montana · Thu, Jan 22
● Final80 lots reportedUSDA AMS · slug 1777
Feeder Cattle receipts
322 head
4,002 vs last sale 4,324 1,416 vs year ago 1,738 · 81.5%
Slaughter Cattle receipts
546 head
190 vs last sale 356 405 vs year ago 141 · +287.2%
Replacement Cattle receipts
268 head
169 vs last sale 99 159 vs year ago 109 · +145.9%
Also sold here(Mon)Thu Apr 16, 2026
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Reporter comment USDA

As filed

Compared to last sale (1-15-26): Feeder cattle were all too lightly tested to develop an accurate market trend, however steady undertones were noticed on a lighter poorer quality offering. Demand for all feeder cattle was good to very good for light offerings. Demand for plain offerings was very good this week with more takers for this class of cattle. Quality this week was mostly plain to average with limited offering of attractive feeders noticed. Most feeder cattle were offered in small groups or as singles this sale. Market activity was mostly active despite a small buyer pool. Internet bidding was active this week. Weigh up cows sold on good demand for light to moderate offerings. Feeding cow demand was good to very good with serval buyers actively buying cows to feed. Feeding cows sold steady to firm. Slaughter cows sold on good demand this week. Packers showed stronger demand for slaughter cows as they competed with feeding cow buyers over offerings. Breaking cows sold mostly 2.00-3.00 higher, boning and lean cows sold 1.00-3.00 higher in a narrow comparison. Slaughter bulls sold mostly 2.00 higher. Weigh up conditions were mostly below average to start the sale but improved as the sale progressed. Young age offerings suitable to feed or rebreed were too lightly tested to develop an accurate market trend, however firm undertones were noticed. Quality this week was mostly plain to average.

Weight class

Steers · summary 500–600 lb

Weighted average of every reported lot
500–600 lb steers averaged $475.93/cwt on 41 head, down $25.94 from the prior sale. That ranks 8 of 21 comparable sales and sits 11.85 against this barn's trailing median of $487.78.
Average price
$475.93
25.94 vs prior sale
41 head · 537 lb average
Value per head Derived
$2,558
Price × average weight ÷ 100
Grade differential Derived
$582
per head · Medium and Large 1 over Medium and Large 2
$127.75/cwt at this weight
vs the market
13.95
vs MT average
+10.60 vs national

What quality paid 500–600 lb

Frame and muscle grade
Frame / muscleAvg wt$/cwt$/headHead
Medium and Large 1531502.752,66732
Medium and Large 1-2583400.002,3322thin
Medium and Large 2556375.002,0857thin
One grade step is worth $127.75/cwt here — about $582 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
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 sale41 hd
475.93
MT average3 barns · 661 hd
489.88
−13.95
National average169 barns · 18,411 hd
465.33
+10.60
This barn, trailing median21 sales
487.78
−11.85
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
BullsAverage1,625175.432,85149
CowsBreaker 75-80%High1,623168.192,72943
CowsBoner 80-85%High1,346159.922,152237
CowsLean 85-90%Average1,111142.151,579140

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 Stage (4-6 mo)Young (2-4 yrs)1,205$3,4001thin
Bred Cows2nd/3rd Stage (4-9 mo)Young (2-4 yrs)1,345$3,20711
Bred Cows2nd/3rd Stage (4-9 mo)Middle Aged (5-8 yrs)1,466$3,00015
Bred Cows2nd/3rd Stage (4-9 mo)Middle Aged/Aged (>5 yrs)1,550$2,79417
Bred Cows2nd/3rd Stage (4-9 mo)Aged (>8 yrs)1,362$2,64849
Bred Cows2nd Stage (4-6 mo)Middle Aged/Aged (>5 yrs)1,307$2,4503thin

Every lot, as filed

80 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 1-2Broken Mouth1,4032,568.65/head2,550.00–2,600.002,5698
Stock CowsMedium 1-2848255.00/cwt255.00–255.002,1622
Stock CowsMedium and Large 1Fleshy1,390182.00/cwt182.00–182.002,5301
Bred CowsMedium and Large 11,3072,450.00/head2,450.00–2,450.002,4503
Bred CowsMedium and Large 11,2053,400.00/head3,400.00–3,400.003,4001
Bred CowsMedium and Large 1Broken Mouth1,3712,724.36/head2,700.00–2,800.002,72429
HeifersMedium and Large 1-2300–350330534.46/cwt510.00–545.001,7647
HeifersMedium and Large 1Unweaned650–700653364.00/cwt364.00–364.002,37717
HeifersLarge 1700–750725320.00/cwt320.00–320.002,3201
HeifersMedium and Large 1Unweaned500–550540425.00/cwt425.00–425.002,2952
HeifersMedium and Large 1-2750–800765325.00/cwt325.00–325.002,48613
HeifersMedium and Large 1450–500451505.00/cwt505.00–505.002,27820
HeifersMedium and Large 1550–600571421.01/cwt417.00–430.002,40410
HeifersMedium and Large 1-2650–700659361.05/cwt357.50–365.002,3797
HeifersMedium and Large 1-2450–500478455.00/cwt455.00–455.002,1754
SteersMedium and Large 2700–750720350.00/cwt350.00–350.002,5202
SteersMedium and Large 2550–600556375.00/cwt375.00–375.002,0857
HeifersMedium and Large 1-2800–850824313.00/cwt313.00–313.002,5796
SteersMedium and Large 1Unweaned500–550523497.50/cwt497.50–497.502,6022
SteersLarge 1650–700680380.00/cwt380.00–380.002,5842
HeifersMedium and Large 2450–500471347.78/cwt300.00–405.001,63811
SteersMedium and Large 1-2350–400373610.00/cwt610.00–610.002,2752
SteersMedium and Large 1-2550–600583400.00/cwt400.00–400.002,3322
HeifersMedium and Large 1-2600–650620371.58/cwt359.00–385.002,3044
SteersMedium and Large 1550–600553475.52/cwt465.00–480.002,63010
SteersMedium and Large 1-2600–650618404.00/cwt404.00–404.002,49716
SteersMedium and Large 2800–850826325.00/cwt325.00–325.002,68523
SteersMedium and Large 1500–550520516.89/cwt510.00–520.002,68820
SteersMedium and Large 1-2300–350348635.00/cwt635.00–635.002,2102
SteersMedium 1400–450446540.00/cwt540.00–540.002,4088
SteersMedium and Large 1-2700–750731360.00/cwt360.00–360.002,63213
SteersMedium and Large 1-2450–500485506.57/cwt470.00–525.002,4576
SteersMedium and Large 1Unweaned650–700663400.00/cwt400.00–400.002,65216
SteersMedium and Large 1-2400–450425525.00/cwt525.00–525.002,2314
HeifersMedium and Large 1-2500–550528425.00/cwt425.00–425.002,2442
HeifersLarge 1600–650625360.00/cwt360.00–360.002,2501
HeifersMedium and Large 1500–550517440.00/cwt440.00–440.002,2753
BullsMedium and Large 1-2500–550538420.00/cwt420.00–420.002,2602
BullsMedium and Large 1-2550–600573410.00/cwt410.00–410.002,3492
BullsMedium and Large 1500–550525440.00/cwt440.00–440.002,3101
CowsBreaker 75-80%Return to Feed1,574170.72/cwt170.00–171.002,68721
CowsLean 85-90%Return to Feed1,167158.64/cwt154.00–165.001,85137
Bulls1,881182.35/cwt177.00–186.003,43017
Bulls1,773163.28/cwt152.50–172.002,8952
CowsBreaker 75-80%1,667164.34/cwt163.00–165.002,7406
CowsBreaker 75-80%1,810150.00/cwt150.00–150.002,7151
CowsLean 85-90%1,048138.23/cwt137.50–139.001,4492
CowsBoner 80-85%1,512149.90/cwt149.00–153.002,2669
CowsBreaker 75-80%Return to Feed1,643167.37/cwt166.50–168.002,75014
CowsBoner 80-85%Return to Feed1,382150.70/cwt126.00–156.002,08331
CowsBoner 80-85%Return to Feed1,369170.68/cwt169.50–173.002,33726
CowsLean 85-90%Return to Feed1,098169.32/cwt168.00–172.001,8599
CowsBoner 80-85%1,333122.50/cwt122.50–122.501,6333
CowsLean 85-90%Light Weight824109.14/cwt102.50–115.008997
CowsLean 85-90%Light Weight791119.00/cwt119.00–119.009414
CowsBoner 80-85%1,398133.20/cwt127.50–145.001,86213
CowsLean 85-90%1,042102.50/cwt97.50–105.001,0686
CowsLean 85-90%1,099118.19/cwt116.00–124.001,29911
CowsBreaker 75-80%1,905168.00/cwt168.00–168.003,2001
CowsBoner 80-85%Return to Feed1,321163.51/cwt157.00–169.502,160155
CowsLean 85-90%Return to Feed1,142141.81/cwt124.00–155.001,61964
BullsNon-Traditional1,313178.34/cwt177.00–182.002,3424
BullsLight Weight1,130155.00/cwt155.00–155.001,7521
BullsReturn to Feed1,513171.51/cwt159.00–175.002,59524
BullsNon-Traditional1,415185.00/cwt185.00–185.002,6181
Bred CowsMedium and Large 11,3523,207.42/head3,175.00–3,400.003,20710
Stock CowsMedium and Large 1901292.73/cwt230.00–314.002,63777
Stock CowsMedium and Large 1-2852282.86/cwt215.00–320.002,41021
Bred CowsLarge 11,5262,650.00/head2,650.00–2,650.002,6507
Bred CowsLarge 1Broken Mouth1,5382,607.41/head2,550.00–2,650.002,6075
Bred CowsMedium and Large 1Thin Fleshed1,1542,450.00/head2,450.00–2,450.002,4507
Stock CowsMedium and Large 1-2991212.66/cwt170.00–255.002,10723
Stock CowsMedium 1700245.00/cwt245.00–245.001,7151
Stock CowsMedium and Large 11,345169.00/cwt169.00–169.002,2731
Bred CowsMedium and Large 1-21,2803,200.00/head3,200.00–3,200.003,2001
Bred CowsMedium and Large 11,4663,000.00/head3,000.00–3,000.003,00015
Bred CowsMedium and Large 11,5672,894.43/head2,800.00–2,925.002,89410
Stock CowsMedium 1730250.00/cwt250.00–250.001,8252
Stock CowsMedium 1-2985175.00/cwt175.00–175.001,7241
Stock CowsMedium and Large 11,007249.47/cwt180.00–315.002,51233

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.