Sale reports / Montana / Miles City Livestock Commission / 2019-05-14

Miles City Livestock Commission

Feeder Cattle · Slaughter Cattle · Replacement Cattle · Miles City, Montana · Tue, May 14
● Final52 lots reportedUSDA AMS · slug 1773
Feeder Cattle receipts
357 head
▼ 24 vs last sale 381▲ 357 vs year ago 0 · no sale a year ago
Slaughter Cattle receipts
190 head
▲ 75 vs last sale 115▲ 190 vs year ago 0 · no sale a year ago
Replacement Cattle receipts
1,108 head
▲ 644 vs last sale 464▲ 1,108 vs year ago 0 · no sale a year ago
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Reporter comment USDA

As filed

Compared to last week: Feeder steers and heifers were all to lightly tested to develop any market trend. Cattle were mostly offered in small packages and buyers were reluctant to start loads with limited offerings. Quality this week was mostly plain to average. Demand was mostly light on light offerings. CME positions continue to struggle again today as August through November all traded 0.60-0.875 lower, while January-May 2020 all sold with triple digit losses. The current May contract sold 0.95 higher. Market activity this week was slow. Weigh up cows sold on good to very good demand again this sale. Feeding buyers continue to be the driver in the market as they continue to fill pens with cows for late summer harvest. Packers also put some cows away on feed as cow prices are running higher than packers are willing to give for slaughter cows given current market conditions. Cow quality was mostly attractive to very attractive this week. Most cows are blemish free as many are simply open cull cows ranchers are selling after they have branded. Slaughter cows sold mostly 1.00-5.00 higher. Feeding cows sold mostly 1.00-4.00 higher. Slaughter bulls sold steady to firm. Weigh up conditions were mostly attractive to buyers this week as most cows have been eating fresh green grass and are yielding significantly higher than the last few weeks. Young age 2-3 year olds sold mostly 5.00-10.00 higher. Demand for re-breed cows pushed offerings higher this week as quality was mostly attractive. More market participants also helped give support to this class of cattle. Demand for these offerings was mostly moderate to good this week.

Weight class

Bulls · summary 0–100 lb

Weighted average of every reported lot
0–100 lb bulls averaged $121.19/cwt on 223 head. That ranks 1 of 28 comparable sales and sits −78.60 against this barn's trailing median of $199.80.
Average price
$121.19
223 head · 887 lb average
Value per head Derived
$1,075
Price × average weight ÷ 100
Grade differential Derived
−$158
per head · Medium and Large 1 over Large 1
$6.85/cwt at this weight
vs the market
+8.70
vs MT average

What quality paid 0–100 lb

Frame and muscle grade
Frame / muscleAvg wt$/cwt$/headHead
Medium and Large 1878121.531,067212
Large 11,068114.681,22411thin
One grade step is worth $6.85/cwt here — about −$158 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.

This barn's trailing prices 0–100 lb

28 sales
231206180154median 199.8001/2003/1705/0506/2309/15
Bulls 0–100 lb: high $217.49, low $167.55, median $199.80 across 28 sales. Sales under 10 head in this class are excluded, so a thin day cannot swing the median or the ranking.

How it compared 0–100 lb

Same class and week · spot auction only
This sale223 hd
121.19
—
MT average3 barns · 420 hd
112.49
+8.70
This barn, trailing median28 sales
199.80
−78.60
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
Bulls—Average1,88089.661,68544
CowsBreaker 75-80%High1,71575.501,2951thin
CowsPremium White 65-75%Average1,40573.211,02922
CowsBoner 80-85%Low1,45869.211,00913
CowsLean 85-90%Average1,09162.3168044

Every lot, as filed

52 lots · USDA AMS · Miles City Livestock Commission Auction - Miles City, MT
Nothing removed and nothing rounded — the same lots as the USDA report, with per-head values added.
ClassGrade / descriptionWeightAvg wtPriceRangePer headHead
BullsLarge 1Fancy—1,046121.50/cwt121.50–121.501,2718
HeifersMedium 1—573139.50/cwt139.50–139.507994
BullsMedium and Large 1—985117.50/cwt117.50–117.501,1574
BullsMedium and Large 1—773128.50/cwt128.50–128.509936
BullsMedium and Large 1—944117.09/cwt116.00–117.251,10556
BullsMedium and Large 1—884119.11/cwt119.00–119.501,05368
Bulls——1,65084.50/cwt84.50–84.501,3941
Bulls——1,45278.83/cwt73.50–84.501,1457
Stock CowsMedium and Large 1-2—1,16565.00/cwt65.00–65.007571
Stock CowsMedium and Large 1-2—1,14660.58/cwt60.00–62.006945
Stock CowsMedium and Large 1—1,28168.14/cwt63.50–73.5087372
Stock CowsMedium and Large 1—1,37171.03/cwt64.50–74.50974176
Stock CowsMedium and Large 1—899110.05/cwt89.00–123.50989122
Stock CowsMedium and Large 1—1,10579.07/cwt69.00–98.0087479
Stock CowsMedium and Large 1—1,28471.61/cwt66.00–75.0091983
Stock CowsMedium and Large 1-2—96095.30/cwt89.00–95.7591521
Stock CowsMedium and Large 1-2—91583.00/cwt83.00–83.007591
Cow-Calf PairsMedium and Large 1—1,2731,800.00/cwt1,800.00–1,800.0022,91439
Cow-Calf PairsMedium and Large 1—1,5821,800.00/cwt1,800.00–1,800.0028,4765
Cow-Calf PairsMedium 1—9691,650.00/cwt1,650.00–1,650.0015,9895
Heifer PairsMedium 1—9381,689.27/cwt1,675.00–1,700.0015,84516
Heifer PairsMedium 1-2—8691,525.00/cwt1,525.00–1,525.0013,2525
Heifer PairsMedium and Large 1-2—9541,544.57/cwt1,535.00–1,550.0014,73511
HeifersMedium 1—625138.00/cwt138.00–138.008633
HeifersMedium 1—438160.00/cwt160.00–160.007014
HeifersMedium 1-2—481148.50/cwt148.50–148.507147
HeifersMedium and Large 1—732125.12/cwt124.00–127.509163
HeifersMedium and Large 1—638137.00/cwt137.00–137.008746
HeifersMedium and Large 1—818120.00/cwt120.00–120.009826
CowsLean 85-90%—1,13365.97/cwt63.00–68.5074719
HeifersMedium and Large 1—668131.38/cwt130.00–132.0087810
HeifersMedium and Large 1—774122.00/cwt122.00–122.0094415
HeifersMedium and Large 1-2—516149.00/cwt149.00–149.007699
HeifersMedium and Large 1—850119.50/cwt119.50–119.501,0166
CowsBreaker 75-80%—1,71575.50/cwt75.50–75.501,2951
CowsLean 85-90%—1,33573.00/cwt73.00–73.009751
CowsLean 85-90%—1,11360.09/cwt55.50–64.5066917
CowsBoner 80-85%—1,48564.01/cwt63.50–64.509512
CowsBoner 80-85%—1,45872.40/cwt70.50–75.001,0565
CowsPremium White 65-75%—1,40573.21/cwt72.00–73.501,02922
BullsLarge 1—1,15595.00/cwt95.00–95.001,0972
Bulls——2,06094.43/cwt93.00–97.001,9457
Bulls——1,84487.61/cwt84.50–92.001,61614
Bulls—Natural—2,13395.86/cwt94.50–98.502,04510
Bulls—Natural—1,86492.55/cwt88.00–95.001,7255
CowsLean 85-90%Light Weight—98564.50/cwt64.50–64.506351
CowsLean 85-90%Light Weight—91957.59/cwt55.50–59.005294
CowsLean 85-90%Light Weight—78349.31/cwt46.00–53.003862
Cow-Calf PairsMedium and Large 1Broken Mouth—1,3781,299.94/cwt1,275.00–1,310.0017,91360
CowsBoner 80-85%—1,44868.28/cwt63.50–70.509896
BullsMedium and Large 1—827126.50/cwt126.50–126.501,04678
BullsLarge 1—1,06599.50/cwt99.50–99.501,0601

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.