Sale reports / Montana / Miles City Livestock Commission / 2020-06-23

Miles City Livestock Commission

Feeder Cattle · Slaughter Cattle · Replacement Cattle · Miles City, Montana · Tue, Jun 23
● Final31 lots reportedUSDA AMS · slug 1773
Feeder Cattle receipts
114 head
92 vs last sale 206 49 vs year ago 65 · +75.4%
Slaughter Cattle receipts
299 head
45 vs last sale 344 56 vs year ago 355 · 15.8%
Replacement Cattle receipts
654 head
42 vs last sale 696 173 vs year ago 827 · 20.9%
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Reporter comment USDA

As filed

Compared to last week: Feeder steers and heifers were both too lightly tested this sale to develop any market trend. Quality this week was mostly plain to average with only a few packages of feeder cattle on offer. Demand was mostly moderate for light offerings. CME positions saw triple digit gains after yesterdays losses. August feeder cattle traded 1.45 higher to settle at 133.20. Market activity this week was mostly moderate. Weigh up cows comprised the majority of the sale again today. Demand for all cows was mostly good as both packers and feeding buyers were very active in bidding on offerings. Slaughter cows sold mostly 1.00-2.00 higher on boning and lean cows, breaking cows were too lightly tested to develop an accurate market trend as most of these offerings were destined to feed, higher undertones were noticed. Feeding cows sold steady to 1.00 higher. Weigh up conditions were mostly below average this sale. Many cows were very full as temperatures warmed quickly today. Slaughter bulls sold firm. Young age cows suitable to feed or re-breed sold mostly steady to 4.00 lower. Re-breed demand continues to deteriorate as we are getting late in the breeding season. Feeding demand helped support this class to some degree, however high quality cows continue to fall in prices as fewer takers are available. Young cow quality this week was mostly average.

Weight class

Heifers · summary 0–100 lb

Weighted average of every reported lot
0–100 lb heifers averaged $135.71/cwt on 59 head.
Average price
$135.71
59 head · 608 lb average
Value per head Derived
$825
Price × average weight ÷ 100
Grade differential Derived
$98
per head · Medium and Large 1 over Medium and Large 1-2
$2.92/cwt at this weight
vs the market
+7.87
vs MT average

What quality paid 0–100 lb

Frame and muscle grade
Frame / muscleAvg wt$/cwt$/headHead
Medium and Large 1634137.0086933
Medium and Large 1-2575134.0877126
One grade step is worth $2.92/cwt here — about $98 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 sale59 hd
135.71
MT average3 barns · 156 hd
127.84
+7.87
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
BullsAverage1,78586.441,54385
CowsBreaker 75-80%High1,75068.001,1901thin
CowsBoner 80-85%Average1,37165.9690433
CowsLean 85-90%Average1,18362.44739126

Every lot, as filed

31 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
CowsBoner 80-85%Natural1,37266.00/cwt66.00–66.009065
CowsLean 85-90%1,19862.66/cwt60.00–65.0075165
Bulls1,74385.70/cwt81.50–91.501,49440
Bulls1,97893.69/cwt90.50–98.501,85325
Bulls1,60076.09/cwt69.50–81.001,21715
BullsMedium and Large 1-2710114.00/cwt114.00–114.008093
BullsMedium and Large 1875113.50/cwt113.50–113.5099310
Stock CowsMedium and Large 11,39564.91/cwt58.00–68.2590542
Stock CowsMedium and Large 11,40966.85/cwt61.00–70.00942257
Stock CowsMedium and Large 11,10375.39/cwt64.00–86.0083270
Stock CowsMedium and Large 11,24168.91/cwt62.00–78.00855151
Stock CowsMedium and Large 1-291270.42/cwt65.00–75.006429
HeifersMedium and Large 1-2620127.00/cwt127.00–127.007873
HeifersMedium and Large 1-2569135.00/cwt135.00–135.0076823
SteersMedium and Large 1923117.00/cwt117.00–117.001,0805
SteersMedium and Large 1-2748134.00/cwt134.00–134.001,0022
SteersMedium and Large 1-2768132.00/cwt132.00–132.001,0145
SteersMedium and Large 1-2669141.50/cwt141.50–141.509477
CowsBoner 80-85%1,49567.85/cwt67.50–68.001,0143
CowsBoner 80-85%1,35665.73/cwt63.50–67.5089125
CowsBreaker 75-80%1,75068.00/cwt68.00–68.001,1901
CowsLean 85-90%1,10857.43/cwt50.00–60.5063624
CowsLean 85-90%1,25767.56/cwt65.50–74.0084927
HeifersMedium and Large 1634137.00/cwt137.00–137.0086933
Stock CowsMedium and Large 1Thin Fleshed1,09554.64/cwt52.00–57.505982
Stock CowsMedium and Large 1Thin Fleshed90557.00/cwt57.00–57.005161
BullsLight Weight1,23080.50/cwt80.50–80.509901
BullsLight Weight1,28572.50/cwt72.50–72.509321
CowsLean 85-90%Light Weight93353.33/cwt51.50–57.004985
BullsNatural2,00394.37/cwt93.00–95.501,8903
CowsLean 85-90%Natural1,20565.00/cwt65.00–65.007835

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.