Sale reports / Montana / Miles City Livestock Commission / 2020-10-27

Miles City Livestock Commission

Feeder Cattle · Slaughter Cattle · Replacement Cattle · Miles City, Montana · Tue, Oct 27
● Final60 lots reportedUSDA AMS · slug 1773
Feeder Cattle receipts
3,254 head
▲ 989 vs last sale 2,265▼ 116 vs year ago 3,370 · −3.4%
Slaughter Cattle receipts
843 head
▼ 117 vs last sale 960▲ 661 vs year ago 182 · +363.2%
Replacement Cattle receipts
120 head
▼ 180 vs last sale 300▼ 619 vs year ago 739 · −83.8%
View

Reporter comment USDA

As filed

Compared to last week: Yearling steers and heifers were too lightly tested to develop an accurate market trend, however lower undertones were noticed. Unweaned steer calves under 400 lbs sold weak, 400-549 lbs sold 10.00-15.00 higher; 550-599 lbs steers sold fully steady, steers over 600 lbs were too lightly tested to trend, however higher undertones were noticed. Unweaned heifer calves 400-599 lbs sold mostly 3.00-7.00 higher; heifers over 600 lbs were too lightly tested to develop any market trend. Quality this week was mostly average to very attractive and significantly higher than last week. Calves were mostly offered in moderate to large size packages. CME positions saw sharp increases over the last few days. The October closed at 134.30, November closed at 132.30 and January closed at 128.425. The stands were full this week and buyers were much more active. Market activity was very active as a result. Weigh up cows sold on mostly moderate demand for heavy offerings. Packers sent a larger portion of the offering to slaughter this week. Many cows continue to be very light weight and thin as dry conditions followed by extreme cold has further stressed cows and deteriorated flesh scores. Packers were very selective of the cows they shipped to feed lots as a result. Slaughter cows sold steady to firm. Feeding cows sold fully steady. Weigh up conditions were mostly average this week. Slaughter bulls were too lightly tested to develop an accurate market trend, however steady undertones were noticed. 2-3 year olds suitable to feed or re-breed sold steady to weak. Quality was plain to average this week.

Weight class

Steers · summary 0–100 lb

Weighted average of every reported lot
0–100 lb steers averaged $159.51/cwt on 1,871 head.
Average price
$159.51
1,871 head · 503 lb average
Value per head Derived
$802
Price × average weight ÷ 100
Grade differential Derived
−$7
per head · Medium and Large 1 over Large 1
$19.21/cwt at this weight
vs the market
+6.26
vs MT average

What quality paid 0–100 lb

Frame and muscle grade
Frame / muscleAvg wt$/cwt$/headHead
Medium and Large 1503159.818051,783
Medium and Large 1-2456157.4271967
Large 1577140.5981121
One grade step is worth $19.21/cwt here — about −$7 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 sale1,871 hd
159.51
—
MT average5 barns · 4,128 hd
153.25
+6.26
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—Average1,72674.341,28316
CowsBreaker 75-80%Average1,50064.5396813
CowsBoner 80-85%Average1,37459.0781260
CowsLean 85-90%Average1,13350.21569524

Every lot, as filed

60 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
SteersMedium and Large 1-2Unweaned—519146.94/cwt142.00–151.0076329
HeifersMedium and Large 2Unweaned—301141.00/cwt141.00–141.004245
CowsBoner 80-85%—1,30053.50/cwt53.50–53.506963
Bulls——2,01080.50/cwt80.50–80.501,6181
CowsLean 85-90%Return to Feed—1,16355.00/cwt51.00–61.50640187
Bulls—Return to Feed—1,73478.06/cwt75.00–83.001,3547
CowsLean 85-90%—1,18451.86/cwt49.00–55.0061450
CowsBoner 80-85%Return to Feed—1,36757.96/cwt56.50–62.5079220
SteersMedium and Large 1-2Unweaned—584140.00/cwt140.00–140.008185
HeifersMedium and Large 1-2Unweaned—457139.59/cwt139.00–140.0063824
SteersMedium and Large 1-2Unweaned—480156.50/cwt154.00–158.507519
HeifersMedium and Large 1-2—848115.00/cwt115.00–115.009754
SteersMedium and Large 1Unweaned—516158.00/cwt153.00–160.00815176
HeifersMedium and Large 1Unweaned—672123.57/cwt123.00–124.0083012
SteersMedium and Large 1-2Unweaned—328171.48/cwt155.00–183.0056212
HeifersMedium and Large 1-2—982104.10/cwt100.00–105.001,02211
SteersMedium and Large 1Unweaned—385190.56/cwt182.50–198.00734123
HeifersMedium and Large 1-2Unweaned—374141.36/cwt140.00–150.0052930
HeifersMedium and Large 1-2Unweaned—547121.00/cwt121.00–121.006629
HeifersMedium and Large 1-2Unweaned—316149.82/cwt144.00–151.0047331
HeifersMedium and Large 1—858114.00/cwt114.00–114.009784
HeifersMedium and Large 1Unweaned—384155.08/cwt152.00–160.00596115
HeifersMedium and Large 1Unweaned—413154.73/cwt147.00–158.00639114
HeifersMedium and Large 1-2Unweaned—581121.30/cwt121.00–122.0070510
SteersMedium and Large 1Unweaned—630140.25/cwt134.00–142.5088488
HeifersMedium and Large 1Unweaned—517138.39/cwt135.00–140.00715127
SteersMedium and Large 1Unweaned—424176.32/cwt164.00–183.50748222
HeifersMedium and Large 1Unweaned—598128.00/cwt128.00–128.0076523
SteersMedium and Large 1Natural—459179.00/cwt179.00–179.0082215
SteersMedium and Large 1-2Unweaned—363176.63/cwt175.00–179.0064112
SteersMedium and Large 1Unweaned—335204.30/cwt202.50–207.0068430
HeifersMedium and Large 1Thin Fleshed—389168.00/cwt168.00–168.0065418
HeifersMedium and Large 1Replacement—512141.50/cwt141.50–141.5072446
SteersMedium and Large 1Unweaned—675133.16/cwt128.00–134.5089938
SteersMedium and Large 1Unweaned—481162.09/cwt155.50–166.00780604
SteersMedium and Large 1Unweaned—570144.69/cwt139.50–149.50825466
SteersMedium and Large 1Thin Fleshed—450173.00/cwt173.00–173.007793
HeifersMedium and Large 1—832129.00/cwt129.00–129.001,0735
HeifersMedium and Large 1Unweaned—467147.28/cwt140.00–152.00688406
SteersMedium and Large 1Fleshy—551138.00/cwt138.00–138.0076018
Stock CowsMedium and Large 1Thin Fleshed—81060.00/cwt60.00–60.004862
Stock CowsMedium and Large 1—1,01764.85/cwt58.00–75.0066014
Stock CowsMedium and Large 1—93680.48/cwt66.50–86.0075349
SteersLarge 1Unweaned—590136.23/cwt134.00–137.0080415
SteersLarge 1Unweaned—545151.50/cwt151.50–151.508266
CowsBreaker 75-80%Return to Feed—1,48665.31/cwt64.00–69.0097111
CowsBoner 80-85%Return to Feed—1,37964.07/cwt63.00–65.0088417
CowsLean 85-90%Return to Feed—1,11264.50/cwt64.50–64.507179
CowsBoner 80-85%—1,36764.50/cwt64.50–64.5088210
CowsBreaker 75-80%Return to Feed—1,58060.21/cwt57.00–63.509512
CowsLean 85-90%Return to Feed—1,09449.02/cwt45.00–51.0053690
CowsBoner 80-85%Return to Feed—1,50050.50/cwt50.50–50.507583
CowsLean 85-90%Light Weight—95043.69/cwt41.50–47.004157
Bulls—Return to Feed—1,99574.75/cwt74.75–74.751,4911
Bulls——1,64069.68/cwt63.00–74.501,1437
CowsLean 85-90%—1,12546.20/cwt44.00–49.00520132
CowsBoner 80-85%—1,37543.00/cwt43.00–43.005911
CowsLean 85-90%Light Weight—93540.33/cwt31.00–43.0037711
CowsLean 85-90%—1,13941.84/cwt33.00–44.5047738
CowsBoner 80-85%—1,36849.28/cwt46.50–50.006746

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.